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Nucor Corporation announced that it has actually authorized a 15-year Virtual Power Purchase Agreement (VPPA) with EDF Renewables North America (EDFR) for 250 MWAC of brand-new solar power in Texas. The agreement, which will enable EDFR to add even more tidy energy to the area's power grid, is Nucor's first VPPA and the biggest of its kind for the steel sector.

A collaboration has just been established in between the International Finance Corporation (IFC), the World Bank subsidiary in charge of economic sector financing, and also the Agricultural Bank of Egypt (ABE). The partnership intends to fund solar-powered watering systems in Egypt.

The United States Senate has actually approved 2 candidates for the Federal Energy Regulatory Commission (FERC) that were chosen by President Donald Trump, bringing the company to a full enhance of five commissioners.

Indian state-run hydropower firm SJVN is intending to deploy 10GW of solar PV in Rajasthan over the next five years via a INR50,000 crore (US$ 6.7 billion) financial investment.

To fulfill its climate targets, China-- the world's biggest greenhouse gas emitter-- is preparing policies that will enable the "green and low-carbon change" of its energy system, which has typically been dominated by coal. Beijing aims to bring complete wind and also solar capacity to 1,200 gigawatts (GW) by the end of 2030, almost double the current level, and also will gradually phase down fossil fuel use in a bid to become carbon neutral by around 2060.

REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Ltd., has invited on the internet bids for the option of technical consultant that would certainly offer consultancy services for a floating solar project situated in New Delhi. The last day for the entry of e-bids is February 25, 2022, till 3 PM.

The showpiece 3.6 GW Fengning county project which will offer grid services and back-up power at the 2022 Winter Olympics is part of a 31.15 GW construction pipeline of projects, many of which are set to come into service next year.

Australian renewables investor Lyon Group has penned an agreement with China Huadian Corporation which will see the duo co-develop and invest in power-plus-battery energy storage systems across Australia, China and other Asian markets.

The central Asian nation and the International Finance Corporation have signed a mandate to develop up to 900 MW of solar capacity through public-private partnerships.

Renewable energy is rapidly being adopted by mining companies as the combination of off-grid power and cheaply available renewables offers a strong business case.

Canadian business Caledonia Mining Corporation plc wants to build a power plant at its Blanket mine near Gwanda, in southern Zimbabwe.

With its rapid economic growth and increasing need for power services, India is well-placed to invest a lot more in clean, cheap reliable sources of power, especially in the solar sector. Nonetheless, this potential stays mainly untapped. The Indian federal government has set an objective of 100 gigawatts (GW) of solar energy capacity by 2022, yet it had actually just installed 34 GW by mid-2020.

Azure Power Global saw its price of deploying solar fall by almost 19% last year, however the company still recorded a net loss of US$ 38.1 million in the quarter finishing 31 March 2021 regardless of a year-on-year boost in earnings.

Japan's 8th solar auction, for projects with a generation capability of more than 250kW, has gathered prospective buyers safeguarding a total amount of 208MW.

Renewables designer Masdar, a subsidiary of Emirati sovereign financier Mubadala Investment Co, revealed today the signing of investment and power acquisition arrangements in relation to a number of solar projects in Uzbekistan amounting to 440 MW.