BP has increased its shareholding in the UK-based solar energy firm Lightsource BP, creating a simplified 50:50 joint venture structure. The oil major returned to the solar market by acquiring 43% of Lightsource in December 2017, which was subsequently rebranded to Lightsource BP. BP yesterday announced that...
Solar energy has seen a 34% rise in corporate funding during the first nine months of 2019 compared with the same period last year, attracting a total of US$9 billion in investment before the end of September. Clean energy consultancy Mercom Capital Group compiled the data...
Norwegian solar PV builder and operator Scatec Solar has lifted its capacity outlook on strong demand for renewable energy across the 13 global markets it currently operates in. The Oslo-listed firm is now aiming to increase its capacity to 4.5 GW of electricity by the end...
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...