renewable energy

The Australian government has allocated an additional AU$2 billion (US$1.25 billion) to its green bank, the Clean Energy Finance Corporation (CEFC), to support renewable energy generation and energy storage.

Australia’s Energy Corporation of New South Wales (EnergyCo) has formally increased the amount of renewable energy generation and energy storage projects that can connect to the Central-West Orana Renewable Energy Zone (REZ) to 7.7GW.

Australia’s Clean Energy Regulator (CER) has revealed that over 7GW of renewable energy capacity could be added in the country by the end of 2024.

Voltalia has published its financial results for the first half of 2024, which include a 28% increase in turnover compared to H1 2023.

IRENA has found that the world’s renewable power capacity will need to increase by 16.4%, year-on-year, to meet the world’s climate targets.

The world will add 3.8TWac of new solar capacity by 2033, alongside 1.6TW of new wind capacity, according to Wood Mackenzie.

US analyst Lazard notes that renewable energy technologies continue to have some of the lowest LCOE figures in the US.

Ember Climate suggests that the EU will need to invest at least €58.4 billion a year on transmission and distribution grids.

Argentina’s Ministry of Economy has signed an agreement with ten northern provinces – also known as Región Norte Grande – to deploy 2.5GW of renewables.

ReNew Energy Global has published results for the first quarter of its 2024 financial year, which include profits of US$36 million.