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US utility Duke Energy will certainly increase investing by billions of bucks to satisfy its renewable generation goals as well as increase coal plant retired lives.

Europe will certainly need a total of 187GW of power storage by 2030 and also 600GW by 2050 to meet its renewable energy targets, according to the European Association of Energy Storage (EASE).

Rewa Ultra Mega's SOlar Ltd (RUMSL)- a joint venture in between SECI as well as MUVN, that is to create 300 MW floating solar project at the Omkar Reservoir at Madhya Pradesh has been oversubscribed. The oversubscription is by 700 MW. The cumulative capacity of the project is 600 MW.

The International Renewable Energy Agency (IRENA) generates comprehensive statistics on a variety of topics associated with renewable energy. This publication presents renewable power generation capacity statistics for the past decade (2012-2021) in trilingual tables.

Spain has actually approved a new framework for executing clean power public auctions with the initial set to proceed by the end of the year, as the country seeks to set up around 60GW of renewables by 2030.

Shell Energy Europe has actually settled on a multi-year power offtake bargain that allows the setup of the 100 MW Minety power storage space project in England.

Korkia and Econous Green Energy team up to develop 600MW of solar power in Romania, powering 200,000 homes and offsetting 300,000kg of CO2 annually. A bright future for renewable energy in Europe!

Octopus Renewables Infrastructure Trust plc is proposing a merger with Aquila European Renewables plc, to create one of the largest London-listed renewable energy investment trusts, expected to have a market capitalisation of GBP 745 million. ORIT awaits AERS' response as they enter into further discussions in the New Year.

The Saudi Arabia REPDO has actually released the listing of all the pre-qualified prospective buyers in rounded 3 of the Kingdom's NREP for 4 solar PV projects worth 1.2 GW

More than half of WA's coal-fired power could be replaced by 2024 Renewable resource is tipped to comprise practically 80 percent of the main grid However, there are worries the grid can end up being unsteady within 2 years

Alight has signed a PPA with Axfood for the largest solar park in Sweden, unlocking non-recourse project financing. SEB will provide the debt financing to build the 64MW park, which will be operational in 2024 and feature initiatives to promote biodiversity.

Hitachi ABB Power Grids will be invited to take part in design bundle tenders by the programmer

British oil and also gas major BP Plc (LON: BP) has actually clinched a deal to buy a 40.5% stake in the 26-GW Asian Renewable Energy Hub (AREH) project in Pilbara, Western Australia, as well as will become its driver, it said today.

France moves towards a more sustainable future by requiring solar panels on car parks over 1,500 square meters. The move highlights a push for renewable energy solutions where the market is slow to adopt.

Both solar projects will certainly become part of the very first phase of Noor PV II Programme. AMEA Power will certainly create 2 solar plants each having a capacity of 36 MW.