News

IKEA owner Ingka has acquired shovel-ready solar and wind assets in Poland from renewables developer OX2 in a €190 million (US$203 million) deal.

Norwegian renewables developer Hydro Rein and Macquarie’s Green Investment Group (GIG) are to collaborate on a hybrid solar-wind project in Brazil.

India’s renewable capacity now stands at 109.9GW as of the end of March, with solar accounting for 53.4GW (47%), while another 72GW of solar is either in the pipeline or at bidding phase, according to JMK Research.

A unified, strategic response to "apocalyptic" power prices witnessed in Australia has been called for by the Australian Industry Group (Ai Group).

China expects to install up to 108GW of solar this year, nearly double the capacity it installed last year.

Solar projects worth 166MW of capacity have won out in Brazil's latest renewables auction, energy regulator EPE has confirmed.

Floating solar system provider Ocean Sun is preparing to scale up the utility-scale deployment of its technology as its management calls for more regulatory frameworks to unlock the potential of the floating PV segment.

Norwegian energy giant Statkraft has opened its first large-scale solar plant in India as it targets long-term growth in the South Asia country.

British energy company Savannah Energy has signed an agreement with the government of Chad for the development of up to 500MW of utility-scale renewables.

The G7 have agreed not to fund any overseas fossil fuel projects by the end of this year at a meeting in Berlin, Germany in which they also doubled down on their commitments to a faster energy transition in light of Russia’s invasion of Ukraine.