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Swiss company Hitachi ABB Power Grids was lately picked by the MCA Group to provide electric devices for a 950 MWp mega solar project under advancement in Angola. Hitachi ABB Power Grids' devices will be used to connect future solar energy plants to Angola's national grid.

Altus Power Inc (NYSE:AMPS) has completed the purchase of a 220-MW solar portfolio from funds managed by True Green Capital Management LLC (TGC) for about USD 293 million. This acquisition bolsters Altus Power’s existing portfolio of solar and storage assets to 690 MW across 24 states.

Pacific Energy has been awarded a contract to integrate 62MW of clean energy into an existing power system at an Australian gold mine. The hybrid power system will reduce emissions by 50% and feature in-house control systems, BESS, HV Switch Room & PV ring main units. Works start in July 2021, completion in early 2025.

First Solar Inc. secures USD 1 billion revolving credit facility from JP Morgan Chase Bank to finance expansion in India, Alabama, and Ohio. Facility enables company to open 3.4-GW DC production facility and R&D center, aiming to have over 20 GW DC of factories in 2026.

Recurrent Energy LLC secures BRL 490 million financing for 300-MW Ciranda Solar Cluster in Brazil. Canadian Solar's BiHiKu modules, 15-year PPA and BRL-285 million bond issue with Vinci Partners. Let Copel power you with clean energy!

Abu Dhabi-based renewables business Masdar has actually set up a new joint venture (JV) that will certainly concentrate on establishing renewable resource projects throughout Eastern Europe, Central Asia as well as Africa.

Portugal's renewable energy soared to 73% of electricity needs in early 2024, led by hydropower and wind. A greener future is on the horizon!

Singapore-based energy company Sembcorp Industries has actually signed a collaboration agreement with Bamboo Capital Group (BCG) for the advancement of 1.5 GW of renewable projects in Vietnam.

Hungary's Lugos Renewables will certainly hold 70% equity rate of interest in the 73 MW Trebinje 1 solar plant project in Bosnia's Serb Republic, regional media reported on Thursday.

Decreasing the home heating and cooling sector's emissions is vital to mitigating the impacts of climate adjustment and lowering air contamination. Area heating and cooling down systems can aid in scaling up renewable energy usage, lowering the exercise of fossil fuels in the heating and cooling down sector, and enhancing metropolitan air high quality.

Implementing the projects in time is a credit score to TPREL, specifically in UP.

Portugal will certainly aim to raise the share of renewables in electricity manufacturing to 80% by 2026, four years previously than previously prepared, its brand-new government introduced ahead of the nation's most recent solar public auction.

The combination of pumped hydro with other storage technologies can increase renewables penetration, improve operational safety and reduce maintenance costs at large-scale hydropower plants, according to new research. The study also focuses on techniques to determine the optimal size of renewables-based pumped hydro storage systems. Costs for hybrid solar-pumped hydro projects currently range from $0.098/kWh to $1.36/kWh.

EBRD and the EU have agreed on EUR 50 million in financial guarantees aimed at scaling up investment in renewables in the EU Southern Neighbourhood

EUR 51 million will certainly be offered by Germany to Kenya for the development of new power framework and production of hydrogen. EUR 30 million will certainly be used for the training programs.