REM - Renewable Energy

IRENA warns window of opportunity is closing for net zero by 2050

The technology to reach net zero by 2050 exists, says IRENA, but fast action and 30% more investment is needed.

LOC to provide marine warranty services to Vietnam’s 48-MW Tra Vinh wind farm

LOC, part of AqualisBraemar LOC, has won a contract to provide marine warranty services (MWS) and consultancy to support the development of the first phase of Vietnam’s $104mn Tra Vinh nearshore wind farm.

Turkish power company Esenboga to acquire 39 solar power plants

ACCIONA brings in Korea Zinc to build Australia’s MacIntyre wind farm

Korea Zinc is to take a 30% stake in ACCIONA’s 923-MW MacIntyre Wind Farm venture in Queensland, one of the largest renewable energy projects in Australia.

Indian green capacity reaches 93 GW

Indian renewable energy reached 92.97 GW at the end of February, with a further 50.15 GW under development.

Amazon enters Singapore solar market

Amazon, the world’s largest corporate purchaser of renewable energy, has inked a long-term deal with a solar company in Singapore. Amazon will purchase electricity from 62 MWp of solar panels, to be developed and owned by Sunseap Group.

Deb Haaland confirmed as US Interior Secretary

Deb Haaland, a pro-renewables Congresswoman, has been confirmed as US Interior Secretary. The US Senate voted 51-40 to confirm her to lead the agency, which will play a crucial role in Biden’s fight against climate change.

Massachusetts opens bidding for another 1.6 GW of offshore wind power

Russian nuclear plants could be included in "green certificates"

North Macedonia launches €40mn wind park project with Slovenian investors

Turkey’s 1GW solar tender attracts bids of 9GW

Resalta to install 500 kW photovoltaic plant for Ljubljana airport operator

Three power plant projects ‘accounting for 10% of Turkey’s planned coal pipeline scrapped’

Poland’s lignite power company ZE PAK continues green shift by securing credit for 70 MW solar power plant

Georgian activists disappointed by government’s promises on Namakhvani HPP

EBRD backs $0.5bn extension in Green Climate Fund partnership

Poland’s solar power company Columbus Energy buys house designer Archeton

Poland confirms PLN1.6tn price tag for its energy transformation

Chapel Hill Denham raises $4.6mn for Havenhill’s mini-grid rollout

Chapel Hill Denham’s Nigeria Infrastructure Debt Fund (NIDF) has raised NGN1.8bn ($4.6mn) to fund Havenhill Synergy’s construction of 22 mini-grids as part of the Nigeria Electrification Project.

IEA projects Turkey's installed renewable energy capacity will grow 49% by 2024

Sunfunder closes $70mn Africa-faced solar fund

Nairobi-based solar lender Sunfunder has closed its oversubscribed $70mn fund to finance small-scale renewables and energy storage systems in Africa and Asia.

ENGIE takes majority stake in SA’s Xina Solar One

ENGIE has acquired a 40% stake in Xina Solar One, a 100-MW concentrated solar power (CSP) plant, from Spain’s insolvent engineering company Abengoa, as well as 46% of the operations & maintenance company.

Turkey collecting privatisation bids for 253MW Gebze natural gas plant

Bids also wanted for tender to privatise 26MW Tortum hydro-dam plant.

Poland’s installed PV capacity exceeds 4 GW