renewables

UK-based energy group Octopus Energy has raised US$550 million to invest in renewables-enabling technologies and solutions.

The US state of Georgia’s Public Service Commission (PSC) has approved state utility Georgia Power's 2022 Integrated Resource Plan (IRP) that maps out how the company will deploy more renewables and energy storage technology over the next three years as well as strengthen the state’s network of transmission lines and grid infrastructure.

Uruguay has launched its green hydrogen roadmap that will see the country aim to install 20GW of renewables as well as 10GW of electrolysers by 2040.

Global renewables capacity will more than double this decade but almost every leading market will still miss deployment targets.

The US Department of Energy has launched a new collaboration project aimed at making it cheaper and quicker to connect renewables projects to the country’s grid.

The G7 have agreed not to fund any overseas fossil fuel projects by the end of this year at a meeting in Berlin, Germany in which they also doubled down on their commitments to a faster energy transition in light of Russia’s invasion of Ukraine.

Shell has tasked renewables monitoring and control firm Inaccess to optimise a 100MW solar-wind hybrid project in the Netherlands.

German asset manager KGAL Investment Management has acquired a majority stake in Italian renewables developer Baltex Progetti through its fund KGAL ESPF 5.

The world added record amounts of renewable energy last year with 295GW of capacity deployed, up 6% year-on-year, despite supply chain constraints, project delays and high commodity prices, according to the International Energy Agency (IEA), which also expects nearly 320GW to be deployed this year.