Tech major Amazon has added a further 2GW to its committed utility-scale solar PV capacity, adding projects in the US and Europe to its renewables portfolio.
UK investment and asset management firm Low Carbon and US insurance company Massachusetts Mutual Life (MassMutual) have teamed up to build a global independent power producer (IPP) that has a stated target of 20GW of renewables by 2030.
India-based renewables developer Adani Green Energy has raised US$750 million through a green bond offer, securing the debt and equity needed to reach a 25GW renewables target.
US Senate majority leader Chuck Schumer has failed in a bid to fast-track the US’ US$1.2 trillion infrastructure investment bill through the Senate. But there remains hope that further progress could be made as early as next Monday, when some Republican senators believe the bill will be fit to proceed.
Oil and gas major Shell has said it will spend between US$2 billion and US$3 billion on renewables and energy solutions annually to help it attain net zero status by 2050.
Scatec Solar has raised more than US$500 million in a private placement just days after it announced the US$1 billion acquisition of hydropower firm SN Power.
Utility and renewables developer Ignitis Group has marked its first day of trading on two separate stock exchanges, as it bids to target international renewables markets.
Oil and gas majors moving aggressively into renewables must build and not buy their way in, or their contribution to global carbon reduction efforts will be significantly limited, RWE’s CFO Markus Krebber has said.
