News

Romanian state-controlled electricity distribution group Societatea Energetica Electrica SA (BSE: EL), better referred to as Electrica, has actually acquired a business that holds the legal rights to a 12-MW DC/9.75-MW AC solar project in eastern Romania.

Fotowatio Renewable Ventures (FRV) said on Tuesday that its Australian unit acquired a 52-MW solar farm project in New Zealand with the joint venture (JV) with domestic power as well as gas energy Genesis Energy Ltd (NZE: GNE).

Argentina's government last week launched a renewable resource auction, RenMDI, seeking 620 MW from different innovations to diversify the nation's power mix as well as change expensive forced generation, usually provided by thermal as well as hydroelectric plants.

German energy company LEAG and also green power firm HH2E AG will interact to set up a green hydrogen economy with a concentrate on the government states of Saxony, Saxony-Anhalt and Brandenburg.

Spanish electric utility Iberdrola SA (BME: IBE) stated that it had actually obtained environmental approval to assemble a 318-MW solar PV plant in Salamanca province, western Spain.

Trina Storage, the energy storage company of Chinese photovoltaic panel manufacturer Trina Solar Carbon monoxide Ltd (SHA:688599), has actually shut contracts for the supply of devices for two UK projects with a combined storage capacity of 75 MW/116 MWh.

In control with the airfreight service provider UPS, Flughafen Köln/ Bonn GmbH is mounting a solar system with an output of 1.5 MW on the latter's new hangar.

Contract values raised 11.4% in the final quarter of 2022 and by 60% year over year, says LevelTen Energy

Enel, the Italian energy group, is in exclusive talks to sell a stake in 3Sun, its photovoltaic panel production site in Sicily. This move is part of the EU effort to speed up the switch to renewables and reduce dependence on Chinese solar materials.

Iberdrola and Prosolia Energy have secured approvals from the Portuguese Environment Agency (APA) to build Europe's largest photovoltaic plant in Santiago do Cacém near Sines. It will produce clean and cheap energy to cover the annual needs of 430,000 households.

Alxa League, a sparsely populated region of Inner Mongolia, is investing 169 billion yuan into clean energy projects, including a massive 86-billion-yuan power base in the Tengger Desert.

Since the Inflation Reduction Act became law in August 2020, companies have announced more than 100,000 clean energy jobs in the US, according to an analysis by the nonprofit advocacy group Climate Power. The law provides billions of dollars in tax credits and other incentives to develop green industries.

Colombia has become the first country to benefit from the Climate Investment Funds (CIF), receiving a $70 million loan to transition to clean energy. This loan will help build infrastructure for renewable electricity transmission, including batteries, transmission lines, and green hydrogen facilities.

Norwegian renewable resource power producer Scatec ASA reported proportionate revenues of NOK 1.995 billion ($ 195 million) in the fourth quarter of 2022, up nearly 71 percent from NOK 1.169 billion ($ 114 million) in the fourth quarter of 2021. For the complete year 2022, sales raised to NOK 5.957 billion ($ 583 million), up nearly 38 percent from NOK 4.329 billion ($ 423 million) a year previously.

Wienerberger UK and Ireland is introducing a new solar roof covering system. The business, which comes from the Austrian brick manufacturer Wienerberger AG, is cooperating with Westech Solar (UK) Ltd of Oxford on this project.