The Institute for Energy Economics and Financial Analysis (IEEFA) has forecasted that Indian will reach 144GW of renewable energy capacity by FY2021-22, putting the country on track to exceed its 275GW target by 2027. The research, titled ‘India’s electricity sector transition still on track despite a...
Sources of renewable energy accounted for just over 40% of Germany’s electricity production in 2018, overtaking coal as the country’s main source of energy for the first time. Coal-fired power accounted for 38% of Germany’s total energy supply last year, with its position set to further...
French solar power specialist Neoen has revealed plans to raise around US$734 million in an initial public offering (IPO) of its shares as it looks to raise funds for expansion. The independent renewable energy company said the shares will be offered at between €16-19 ($18.4-21.8), with...
New data from the California Air Resources Board (CARB) has revealed that emissions have fallen to below the levels recorded in 1990, with renewable energy deployment a key factor in this reduction. The recent CARB report found that greenhouse gas emissions in the US state had...
Cerro Dominador, a Chilean company owned by investment funds managed by EIG Global Energy Partners, has signed a finance agreement for its Concentrated Solar Power (CSP) plant in the Atacama Desert. The US$758 million deal will allow the company to finalise the construction of the first...
US-based solar energy company Array Technologies has announced it has agreed a three-year partnership with sPower, the largest private owner of operating solar assets in the US. The deal between the two large US solar players was announced at the GTM Solar Summit in California, cementing...
Renewable energy developer Infinergy Pacific has sold its 120MW Metz Solar Farm in New South Wales (NSW), Australia to unnamed clean energy investors. The project, still under construction, is set to become one of the largest solar farms in NSW, producing enough energy to power up...
France’s President Emmanuel Macron has revealed his government will commit €700 million in investment to the International Solar Alliance (ISA). Macron broke the news in India at the inaugural conference for the inter-governmental organisation, which is reportedly aiming to mobilise US$1 trillion in funds for solar...
BP (LSE:BP) has purchased a 43% stake worth US$200 million in Lightsource, Europe’s biggest solar developer, in a return to the industry it exited nine years ago. The strategic partnership between the oil major and Lightsource will seek to extend the latter’s worldwide growth pipeline, which...
Members of the European Union are 3% away from achieving a collective goal of reaching a 20% share of renewable energy by 2020, according to latest figures from its statistics office. Energy attained from renewable sources across EU member states rose to 16.7% in 2015, the...