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PAD RES secures €54 million investment from Polish Development Fund for two solar farms in Pomeranian Voivodeship with 117 MW capacity, 140 hectares coverage. Electrum chosen as general contractor to strengthen market position for energy transition in Poland.

INVEX Controladora SAB de CV agrees to selling remaining stake in 216 MWp solar farm portfolio in northwestern Mexico for USD 50 million. Regulatory clearance needed and proceeds to reduce debt and make new investments.

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.

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.

MRC Allied Inc., through its wholly-owned unit Menlo Renewable Energy Corp. (MREN), said Wednesday it its solar rooftop installation stands to save up to 30% in electricity bill.

The International Renewable Energy Agency (IRENA) produces comprehensive, reliable data on renewable energy capacity and use worldwide. Renewable Energy Statistics 2019 provides data sets on power-generation capacity for 2009-2018, actual power generation for 2009-2017 and renewable energy balances for over 130 countries and areas for 2016-2017.

The 2500 MW solar installation auction to provide power over three years has been canceled due to a perceived lack of interest from power utilities owned by the state.