Independent power producer (IPP) Fu-Gen has secured €320 million (US$342 million) in financing for renewables, battery storage and green hydrogen projects across Europe.
Global solar installations are expected to increase five-fold, making up nearly half of all power generation by 2050 as renewables become the “new baseload”.
Dutch energy company Essent and solar developer Solinoor will collaborate on the development of green hydrogen projects in the Netherlands using ground-based and floating solar PV.
Portuguese developer Madoqua Renewables has partnered with Dutch developer Power2X and Danish investment firm Copenhagen Infrastructure Partners (CIP) to build a green hydrogen and ammonia project in Portugal with an investment of €1 billion (US$1.07 billion).
German battery storage manufacturer sonnen will offer German households the possibility to switch between feed-in-tariffs from the Renewable Energy Act (EEG) remuneration and wholesale market prices.
Tech major Amazon has added 37 new renewable energy projects around the world, with a total of 3.5GW of additional power to its already 12.2GW portfolio of renewable energy.
Technical advisory TÜV Rheinland has issued its first green hydrogen and green ammonia certification globally to Green Hydrogen & Chemicals, a joint venture between solar developer ACME Group and renewable company Scatec.