The European Investment Bank (EIB) has granted a €575 million (US$637 million) loan to Spanish oil major Repsol to roll out 1.1GW of renewables in Spain.
Japan will need to have 689GW of total installed capacity for solar and wind power generation by 2050 to reach the goal of net zero, according to a study conducted by BloombergNEF (BNEF).
Florida-headquartered NextEra Energy has recorded a net income of US$2,795 million in Q2 2023 as both its renewables development and utility generation arms posted strong results.
The US Department of Energy (DOE) has announced plans to release US$20 million in funding for solar waste reduction and lifecycle technologies, including US$8 million of funding from the Bipartisan Infrastructure Law.
French energy major TotalEnergies has fully acquired independent power producer (IPP) Total Eren, increasing its operating income and tapping into the opportunities in multiple foreign markets.
