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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!

Argentina's government last week launched a renewable resource auction, RenMDI, seeking 620 MW from different innovations to diversify the nation's power mix as well as change expensive forced generation, usually provided by thermal as well as hydroelectric plants.

The objective of Edison is to raise its installed renewable capacity by the end of this decade to 6 GW. It intends to ensure 40% of its energy mix to be of renewable energy by 2030.

Spain will invest EUR 13.59bn in its power grid by 2030, shifting focus to industrial demand, green hydrogen and large-scale renewable integration.

Chint Solar and London-based Voltis formed a joint venture to develop roughly 5 GW of UK solar and battery storage, targeting bankable, grid-friendly projects.

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.

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.

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.

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.

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.

DSD Renewables lands $238 million from First Citizens, Nomura and MUFG to deploy 233 MW of distributed solar plus storage across 12 US states and DC.