Energy major Shell will start constructing a renewable hydrogen plant in the Netherlands that it said will be the largest project of its kind in Europe when operational in 2025.
US PV developer Birch Creek Development has increased its existing credit facility with debt financing provider Fundamental Renewables to US$250 million to pursue its 5GW solar pipeline in the US and support its module procurement strategy.
Infrastructure investor Actis has acquired a stake in Latin American renewables asset owner Omega Energia as it looks to develop a pipeline of assets in the region.
European and Ukrainian solar trade associations have called for Ukraine’s post-war recovery to be based on renewable energy, urging the country’s leaders to set a target of at least 50% of renewables in electricity production by 2030.
The World Bank has approved US$165 million in additional financing to support 450MW of rooftop solar deployment in India and make distributed generation systems in the country more affordable.
Shell Overseas Investments and renewable energy company Emerging Power Inc. (EPI) have agreed to jointly develop, own, operate and maintain 1GW of utility-scale solar PV in the Philippines by 2028.