A decision by Russia’s Gazprom to stop supplying gas to Ørsted illustrates the need for the European Union (EU) to speed up renewables deployment, the CEO of the Danish energy company has said.
A record 31.1GW of clean energy was bought by corporations through power purchase agreements (PPAs) last year, with technology companies once again the largest buyers, according to research firm BloombergNEF (BNEF).
A round-up of the latest news from the US solar market, featuring news of a new solar PPA signed between Ørsted and Microsoft, AEP Energy and Doral LLC sign another PPA for a project in Indiana and California courts are set to get solar and storage systems.
Danish renewables developer Ørsted has said it plans to invest DKK 350 billion (US$57 billion) by 2027 to reach 50GW of installed clean energy capacity by the end of the decade.
ACWA Power and Iberdrola are among the seven founders of a new coalition that aims to scale up the production of green hydrogen 50-fold in the next six years while halving production costs.