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Europe can cut in half the amount of gas in its energy mix and decrease energy costs by EUR323 billion (US$ 356 billion) if it rapidly accelerates renewable release, according to a brand-new report from energy technology group Wärtsilä.

AC Renewables, the energy arm of Philippines’ Ayala Corp, and Australia’s UPC Renewables have agreed to buy 51% in a 250 MW pumped hydro project and a neighboring 300 MW solar project, both located in South Australia.

Madrid-based renewables developer EDP Renovaveis SA (ELI: EDPR) has actually protected a 15-year contract-for-difference (CfD) for a 50-MW solar project in Hungary in the nation's latest renewables auction.

German renewable energy manufacturer Pacifico Renewables Yield AG (ETR: PRY) claimed on Tuesday it has actually shut the purchase of six solar parks in the Netherlands, bringing its year-to-date acquisition portfolio to virtually 100 MW.

United States data centre services provider QTS Realty Depend on Inc, a portfolio firm of Blackstone Inc (NYSE: BX), has actually subscribed to virtually 350 MW of brand-new renewable resource capacity as part of a newly-signed 20-year handle utility Georgia Power.

A round-up of the current news from the United States solar market, consisting of information from National Grid, Enact Systems as well as Inovateus Solar.

Canadian energy transport as well as circulation group Enbridge Inc (TSE: ENB; NYSE: ENB) has actually secured a USD-270-million (EUR 275.7 m) bargain to get US renewables developer Tri Global Energy (TGE) which has a development portfolio of over 7 GW of wind as well as solar.

Chile is an overachiever in meeting its electrical power requires from renewables Its target was to achieve 20 per cent by 2025 South American country Chile has actually emerged as a surprise success story when it comes to adding renewable capacity. The nation has virtually 22 percent of its electrical energy demand met by solar as well as wind farms.

Power plants in Spain created 54% of their electrical energy from clean as well as eco-friendly sources in May, Spanish grid operator Red Electrica de Espana (REE) stated in its estimates report for the month.

Norwegian power team Equinor ASA (NYSE: EQNR) has actually taken over Polish onshore renewables developer Wento, which has an overall web pipe of around 1.6 GW of solar projects in various stages of advancement.

Solar project designer Candela Renewables will certainly offer Google with 140MW of power from a facility in Texas as part of a brand-new power purchase agreement.

A new solar farm readied to have actually an installed capability of up to 50MW has been accepted by Leeds City Council.

Duke Energy has stated it will certainly proceed progressing its ambitious tidy power objectives without the Atlantic Coast Pipeline (ACP) by buying renewables

Oil group Eni and also Italian state loan provider Cassa Depositi e Prestiti (CDP) have actually developed a joint venture (JV) that will spend more than EUR800 million (US$ 953 million) in Italy's renewables sector by 2025.

Ingka Investments—renewables arm of the IKEA retailer—has bought three operational Dutch solar parks totalling 76 MW from SUSI Partners, its first PV deal in the Netherlands.