A consortium led by ACWA Power has achieved financial closure for its 500MW solar PV Independent Power Project (IPP), the largest utility scale solar plant in the sultanate of Oman. The Saudi Arabian power company and its partners GIC and APEC secured funding on a debt...
Amazon has bolstered its renewable energy portfolio with 300MW of new projects in Europe, the US and Australia, as the tech giant looks to reach 80% renewable energy by 2024 and 100% by 2030. In Australia Amazon will source 60MW of solar capacity from a project...
A fresh report from the International Energy Agency (IEA) has forecasted that the world’s renewable energy electricity generation will increase by 50% between 2019 and 2024, with solar PV at the centre of the growth curve. The IEA’s annual Renewables Report found that total renewables capacity...
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...
Developers Windlab and Eurus Energy have signed a memorandum of understanding (MoU) with Kenyan authorities for a project that could become Africa’s first hybrid renewable energy plant. The Meru County Energy Park in central Kenya will comprise of ‘up to 20 wind turbines’ and ‘more than...
Sources of renewable energy accounted for 47.3% of Germany’s electricity production during the first six months of 2019, compared with 43.4% from coal-fired and nuclear plants. The latest figures represent the first time that renewables have produced more electricity than coal and nuclear power combined in...
Investment in renewable energy worldwide totalled US$332 billion in 2018, breaking the $300 billion barrier for the fifth year in a row despite resembling an 8% decrease on total investment in 2017. The findings were contained in a Bloomberg New Energy Finance (BNEF) report, which highlighted...
China has increased its 2030 target for the share of renewable energy in its electricity consumption to 35%, according to a revised draft plan from the National Development & Reform Commission (NDRC). The world’s biggest energy consumer had previously set a target for ‘non-fossil fuels’ to...
Governor of California Jerry Brown has signed into legislation a law that requires the US state to produce all its electricity from renewable sources by 2045. The signing of Senate Bill 100 (SB100) represents a momentous moment in the phase out of polluting fossil fuels from...
Billionaire UK industrialist Sanjeev Gupta has unveiled a US$1 billion renewable energy plan in South Australia, claiming that the 1GW project will lead to cheaper power across the state. Earlier this week Gupta revealed details of the large-scale renewables plan, that will be delivered via his...