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.
The European Union (EU) has raised its 2030 emissions reduction target by 15 percentage points after solid levels of renewable energy deployment mean the bloc is on track surpass its previous goal.
Three months of marginal job creation means nearly 500,000 clean energy workers in the US remain unemployed as the sector struggles to recover from the impact of COVID-19.
Both Vattenfall and Ørsted, two of Europe’s biggest renewables companies, will start next year with new bosses after the announcement of new chief executives this week.
Solar will dominate the power generation alongside wind in the coming decades as electrification rapidly escalates, but the energy transition is occurring “nowhere near fast enough” to deliver change compliant with the Paris Agreement.
The US Energy Storage Association (ESA) has adopted a target of 100GW of energy storage capacity in the country by 2030, a capacity it said would help facilitate greater penetration of renewables.
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.
The recovery of clean energy jobs in the US slowed a trickle last month as trade associations have warned it could take years for jobs to return in full without support from Congress.
