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The investment will allow the company to scale up manufacturing of its solar tech

Engie has actually increased its renewables release targets in Chile as part of strategies to finish its coal-fired generation activities in the nation by 2025.

Renewable energy technologies, especially wind and solar power, continued to lead all other technologies in new capacity added in the first half of 2019.

Australia's new head of state, Anthony Albanese, has promised to make the nation a renewables "superpower" following his Labor Party's victory in Saturday's federal election, which ousted predecessor Scott Morrison's conservative coalition.

A subsidiary of Munich Re acquired a 50% stake in 2 renewable energy projects in California. The complete capacity of the renewable energy projects is 310 MWdc of solar and also 50 MW/200 MWh of battery storage.

The New South Wales government gave the go-ahead to an AU$188 million (US$128 million), grid-connected PV project in the state’s central-west on Monday, just weeks after it earmarked the region as its inaugural ‘renewable energy zone.'

The Uttarakhand Renewable Energy Development Agency (UREDA) has actually invited quotes to empanel firms to create 250 MW of solar power projects.

Much of the cash will certainly go to bringing photovoltaic panels, heatpump as well as other clean energy infrastructure to communities that standard investors pass over.

A round-up of the latest information from the US solar market, including the completion of a 250MW plant in California, an EPC offer for Black & Veatch in Texas and also a new PPA from DESRI.

Japanese investment company Mitsui has spent EUR575 million (US$ 631.6 million) in renewables designer Mainstream Renewable Power, bringing its valuation to EUR2.1 billion after the transaction.

Africa, which has for a long time now brought the tag of 'appealing' for non hydro renewable energy, might yet be the continent with the most affordable share of non hydro renewable energy by 2030. Even as some nations within the continent will certainly escape from the remainder to have a much more robust payment from solar right into their energy mix.

The $311 million funds will certainly be funded through International Development Association (IDA). The RESPITE project will support the setup of solar as well as battery storage space capacity, near-term O&M contracts for the provision of solar supply, expansion of hydropower generation capacity, grid connection infrastructure and grid modernization and also upgrades.

Enhancing power demand and climbing grid tariffs for commercial as well as industrial (C&I) customers are driving service individuals to rooftop solar, which is not just cleaner and cheaper however additionally gives them tariff assurance for 25 years.

Portugal has actually selected a total of 37 potential green hydrogen projects, representing a total investment of around EUR9 billion (US$ 10.5 billion) to progress to the following phase of its selection procedure.

This investment is the 2nd in many years by Ontario Teachers' with NextEra Energy. The firm held that a roughly 2 GW portfolio consists of 4 freshly created as well as nine operating RE projects.