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ACWA Power has closed financing for 200MW Kom Ombo solar project in Egypt, with $123 million of the total $182 million investment coming from international institutions. In January 2024, the plant will provide electricity to 130,000 households and help Egypt meet its 2035 goal of 42% renewable energy.

Keppel MET Renewables has acquired a 38-MW solar PV project in Italy. The project is expected to be operational in 2026, adding to KMR's 200-MW renewable portfolio. KMR is aiming for 2 GW of installed capacity by 2026 and expanding its reach to other EU countries.

The PIC, Africa's top asset manager, is investing in renewable energy sources to tackle South Africa's power crisis. Their current investments have already produced 2000 megawatts for the grid, and they have invested 310 million rand in Rifuwo Energy Partners. The PIC is also looking into solar panels on property roofs to provide further renewable energy solutions.

Green Genius set to receive USD10m to develop solar power projects in Romania. INVL's Renewable Energy Fund to contribute EUR52.9m to the effort of 500MW solar farms in 2025. Get the full story on Green Genius' ambitious energy project.

Helleniq Energy has acquired a 26 MW solar portfolio in Cyprus, with 43 GWh of electricity per year to be commissioned in 2024. This is a big step towards their 1 GW renewable energy goal by 2025 and 2 GW by 2030. Now owning 40MW in Cyprus and 180 MW elsewhere, Helleniq Energy is positioning itself as a major renewable energy provider.

Ampyr Solar Europe and Multiplex have partnered to bring a 9,000 MWh solar farm to Northwold in Norfolk, England. By 2024, the solar plant will generate clean, renewable energy for Multiplex, meeting their sustainability goals and commitments for reducing emissions.

CGN Brasil has embarked on a major project: constructing a 195-MW solar complex in Ceara, Brazil. BRL 650 million will be invested to generate 370,000 MWh of renewable energy, enough to power 240,000 homes. Ceara is now a major player in the energy game, with 643GW of solar power, 94GW of onshore wind, and 117GW of offshore wind.

Globeleq acquires majority stake in Mozambique's Mocuba solar PV power farm, part of a 400MW African portfolio. Temane gas-to-power & Namaacha wind projects to reach financial close & commercial operations in 2024.

Mytilineos SA secures €400 million loan from EIB to install 2.6 GW of solar and storage capacity across EU countries, enabling €2.5 billion of projects and helping EU reach net zero emissions by 2050. Upgrade of Greek electricity grid included.

West Charlotte considers a municipal loan to install solar panels and reduce long-term operating costs.

Africa holds key minerals for solar and battery production but captures little economic value in global supply chains.

As COVID-19 hits the fossil fuel industry, a new record shows that renewable energy is a lot more economical than ever before-- giving a possibility to prioritize tidy energy in economic healing bundles and bring the world closer to meeting the objectives of the Paris Agreement.

UAE energy Dubai Electricity as well as Water Authority (DEWA) has actually partnered with Emirates Global Aluminium (EGA), one of the globe's largest distributors of aluminium, to offer the metal producer with solar energy from the Mohammed container Rashid Al Maktoum Solar Park.

Energy Secretary Jennifer Granholm was verified by the Senate to lead the nation's Department of Energy by a 64-35 ballot on Feb. 25. Granholm will certainly head the company that's mostly in charge of accomplishing Head of state Biden's vision of drastically reducing UNITED STATE energy discharges and setting a path towards net-zero by 2050.

Oil as well as gas company Galp has actually acquired a consortium to start building work on its initial massive PV plant in Portugal next month.