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...
Wind energy generated more than 5.5% of America’s total electricity mix in 2016 as the nation further developed the industry, with over US$13.8 billion invested in new turbines last year. According to new statistics from the American Wind Energy Association (AWEA), a record total of 226...
State-supported solar power in New York increased by nearly 800% in the five years from the end of 2011 to the end of 2016, said Governor Andrew Cuomo in a recent statement on renewable energy. Total solar installations reached around 744MW of renewable power by 2016,...
China has become the world’s biggest producer of solar energy in terms of capacity, following a year in which its photovoltaic (PV) capacity more than doubled. The National Energy Administration (NEA) revealed that 34.54GW of new solar PV capacity were installed last year, contributing to a...
Solar energy costs are set to drop to record lows over the following year, after two world records were set in the middle-east last year. Authorities in Dubai and Abu Dhabi last year received the cheapest bids on record to build solar photovoltaic (PV) plants. Dubai Electricity...
The United Arab Emirates has announced that it will commit US$163 billion to renewable energy projects, in an attempt to generate up to half of the nation’s energy needs from renewables by 2050. The oil rich Gulf state is looking to balance its economic needs with...