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UK pharmaceutical company GlaxoSmithKline plc (LON: GSK) on Monday revealed that it will spend GBP 50 million (USD 68.4 m/EUR 58.3 m) in new wind and solar farms to power its manufacturing facilities, as part of the sector-wide dedication to reach net zero carbon exhausts by 2050.

Gore Street Energy Storage Fund's Kilmannock battery energy storage system (BESS) in Co. Wexford, Ireland, has received an additional grid volume allowance of 90MW, building on the 30MW presently protected.

Saudi solar developer ACWA Power has signed a memorandum of understanding (MoU) with Natixis Corporate & Investment Banking (Natixis CIB) that will certainly see the companions explore possibilities to create projects, consisting of renewable resource plants.

Plenitude, the energy shift company of Italian oil and gas firm Eni SpA (BIT: ENI), has actually secured a deal to acquire Italian renewable project developer, power producer and retailer PLT, taking hold of its 1.6-GW fleet in Italy and Spain.

Irish semi-state company Bord na Móna has secured €430 million in banking facilities for renewable energy projects worth €2.7 billion, in a move to help Ireland reach its goal of 80% renewable electricity by the end of this decade.

Offtake agreements will fund three PV projects, which will certainly be established with PIF subsidiary Badeel

Copenhagen Infrastructure Partners (CIP) has unveiled plans to build an enormous green hydrogen manufacturing complex in South Australia's Eyre Peninsula underpinned by roughly 14 GW of solar and wind generation.

Meyer Burger Technology AG announced the construction of a 2-GW solar cell production facility in Colorado Springs, creating 350 jobs and offering tax credits and discounted rates. The company is receiving prepayments and a loan, and will adjust sales and marketing to cope with the challenging EU solar market. Initial EBITDA figures show a loss of EUR 42 milllion.

Amp Energy's groundbreaking agreement with ElectraNet for a 150-MW/300-MWh BESS in South Australia marks the start of the Renewable Energy Hub of South Australia with 636-MW Robertstown, 336-MW Bungama, and 388-MW Yoorndoo Ilga Solar PV projects, 540 MW of batteries, a hydrogen production facility, and an aboriginal cultural heritage agreement. Total project cost AUD-2 billion.

Atrato Onsite Energy plc has acquired a 34-MW portfolio of rooftop solar systems in England and Wales for GBP 77.3 million. The contracts are expected to produce 681 GWh of electricity and have very low exposure to wholesale power prices. Demand for residential solar is increasing due to EPC regulations.

TotalEnergies' Go Green Project takes shape with the 380MW Myrtle Solar Farm in Houston, TX, featuring 705,000 PV panels and 225MWh of battery storage. Benefit 70% power supply to industrial sites and 30% sold to Kilroy Realty under a 15-year CPPA. Inflation Reduction Act Tax Credit compliant and reducing emissions. Power your future with TotalEnergies!

BNDES invests USD-447.8M to build 902 MW solar complex in Janauba, powering 3 million people while offsetting 2.4 million tonnes of CO2. Albras offtakes power with 21-year PPA, part of Brazil's new PAC.

Better Energy and Andel join forces to build 15 solar energy parks in Denmark, with a total capacity of 2 GWp, in a billion-euro investment towards the country's green transition.

A2A SpA boosts renewable energy portfolio with acquisition of 70% stake in Parco Solare Friulano 2, adding to their ambitious goal of 5.7 GW by 2035.

Qair's solar project in Italy shines bright with new financing from Credit Agricole SA, marking the company's first step into the Italian market.