finance

To date, two 700MW high-voltage cables between Morocco and Spain are the only interconnections between the two continents.

Oil and gas explorer Pilot Energy announced today (9 October) that it received a non-binding offer from renewable energy developer EDP Renewables APAC to take full ownership of the 376MW Three Springs solar PV power plant in Western Australia.

Investment in off-grid solar will be essential to provide electricity to 398 million people who are expected to be in energy poverty by 2030.

Engie said the loan would support its plan to phase out coal from its portfolio by 2025 in continental Europe and 2027 worldwide.

The new projects will support new capacity in Texas, Mississippi, Louisiana, Oklahoma and New Mexico as well as Maine.

The EBRD has committed €100 million to Lithuanian renewable power developer Green Genius, to expand its work in Europe until 2029.

Sabanci, Origis, Recurrent and National Grid Renewables have all made headway at a number of projects in the US this week.

The deal was first announced in March when Masdar said it would buy the 50% stake in Terra-Gen previously owned by Energy Capital Partners.

PV Talk: Jon Powers, president of CleanCapital and former chief sustainability officer in the Obama administration, on why the PV industry needs to raise its game on lobbying.

BayWa has published its financial results for the first half of the year, which include total revenues of €10.7 billion (US$11.9 billion).