renewables

Solar tracker manufacturer Soltec has signed a financing agreement with real assets investment advisory firm Incus Capital to fund its renewable asset management and exploitation business Soltec Asset Management.

Spanish multinational electric utility company Iberdrola has partnered with Norges Bank Investment Management to invest in 1,265MW of new renewables capacity in Spain, with solar plants making up 80% of the portfolio.  

Solar PV will play a more important role in Nigeria’s power supply as it plans to meet the growing needs of all sectors of its economy through 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.