Spanish utility Iberdrola will invest €3 billion (US$3.2 billion) in green hydrogen, the company’s chairman, Ignacio Galán, has announced as he called for a stable European framework to boost investment in the technology.
Indian Independent power producer (IPP) ReNew Power has signed a number of offtake agreements with both state utilities and corporates in India totalling roughly 2GW.
A subsidiary of US utility American Electric Power has launched a request for proposals process as it looks to sign power purchase agreements (PPAs) for new and existing solar and wind facilities located in the PJM service region.
US utility Indiana Michigan Power (I&M) has issued a request for proposals (RFP) for 500MW of solar as part of its new integrated resource plan that calls for the addition of more than 2GW of renewables by 2028.
Russia’s invasion of Ukraine means that ensuring security of energy supply through the expansion of renewables should be a priority for policymakers, according to the CEO of German utility RWE.
Spanish utility Iberdrola reported a €12 billion (US$13.6 billion) operating profit in 2021, which was 20% higher than 2020, and met its gross profit forecast for 2022 one year early, as its installed 3.5GW of renewables in 2021.
Enefit Green, the renewables subsidiary of Estonian state-owned utility Eesti Energia, is looking to procure up to 500MW of solar modules in the next three years.
