wind and solar

As of today, less than 10% of the necessary solar and wind power needed for a 2050 global net zero scenario exists, whilst global electricity generation will need to more than triple to 80,000TWh, according to the 2022 BloombergNEF (BNEF) New Energy Outlook.

Amazon has expanded its renewable energy presence in India with two solar-wind hybrid projects to be developed in partnership with Vibrant Energy, a subsidiary of Macquarie Green Investment Group.

RWE, the German renewable energy developer, will offer profit returns to municipalities where one of their wind or solar farms is located as part of an expansion of the German Renewable Energies Act (EEG).

It will be 10 times more expensive to operate gas-fired power plants in Europe than to build new Solar PV capacity in the coming years, according to research by Rystad Energy.

Construction of a 10MW solar farm as part of the UK’s first hybrid solar PV, energy storage and wind site has officially begun.

Japanese power company J-Power has acquired a 10% stake in renewables and pumped hydro developer Genex Power through its Australian subsidiary JPGA Partners.

India presents an “enormous potential” for the development of solar and wind hybrid power systems, with more than 12.3GW of collocated tenders issued in the country to date.

Australian investment group Macquarie has exceeded its latest wind and solar project fundraising target by €600 million (US$727.44 million).

Developer closes refinancing round with US$200 million to build more utility-scale wind, solar and storage projects in the US.

Energy giant eyeing favourable conditions in Portugal, US as it shares plans to expand solar portfolio as part of €6 billion shift to renewables.