The International Energy Agency’s (IEA) latest report on the renewable energy market has found that the rate of new renewable electricity capacity added in 2020 rose by 45%, compared to 2019. The 260GW of new renewable power capacity achieved last year resembles the fastest year-on-year rise...
Amazon has announced the acquisition of 3.4GW of renewable energy projects, in a move that will take it past rival tech giant Google as the world’s largest corporate purchaser of clean energy. Jeff Bezo’s online retail giant said the deals for 26 solar and wind projects...
Norwegian energy company Statkraft AS is poised to begin constructing a 519MW onshore wind project in Northeastern Brazil after closing a turbine supply contract with German manufacturer Nordex. The Ventos de Santa Eugenia wind project will comprise of 10 wind farms with a total of 91...
Grid operators from the UK and the Netherlands are exploring the possibility of connecting the two countries’ offshore wind farms with subsea electricity cables by 2029. National Grid Ventures, the commercial arm of UK operator National Grid, and Dutch transmission system operator (TSO) TenneT are drawing...
Thailand’s Gulf Energy Development will pay US$631 million to Global Infrastructure Partners (GIP) for a 50% stake in the Borkum Riffgrund 2 Offshore Wind Farm (BKR2 Project) in the German North Sea. The latest overseas investment by Thailand’s second largest power producer will see it enter...
Surging wind power propelled renewable energy to provide almost half of the UK’s electricity in the first three months of the year, smashing the previous quarterly clean energy generation record set last year, Official government data has shown that renewable energy accounted for 47% of the...
BP’s 50%-owned solar energy firm Lightsource BP yesterday closed a US$250 million financing package for a US-based project, while fellow oil major Total followed suit in confirming a deal to acquire a French wind power company. Despite fears surrounding the potential impact of the COVID-19 outbreak,...
The share of renewables in the total energy mix of the European Union (EU) grew by just 0.5% in 2018, prompting lobbying group WindEurope to give a ‘stark warning’ on the prospect of the bloc missing its renewable energy targets. latest figures published by Eurostat showed...
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...
Global clean energy firm Renewable Energy Systems (RES) has entered into an agreement with Algonquin Power & Utilities (APUC) to build the Maverick Creek Wind Project in Texas, US. The 480MW facility could generate enough power to supply 168,000 homes per year, with construction expected to...