EDPR has acquired 87.4% stake in Sunseap, the largest distributed solar player and top 4 solar player in South East Asia. The agreement reached amounts to a total consideration of €0.6bn and the implied enterprise value is €870m. The transaction allows EDPR to establish its presence in Asia Pacific (APAC) with 540 MW of operational and … Continue reading EDP Renewables reinforces its presence in the Asia-Pacific region through the investment in the Singaporean group Sunseap
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Global Wind Energy Alliance and Global Solar Council announce Global Renewable Energy Alliance
A new renewable energy alliance between the wind energy and solar PV industries is calling on governments to implement energy transition action plans and cut red tape to meet Net Zero targets. A joint study by the Global Solar Council and the Global Wind Energy Council found that by 2030 there will be a 29% … Continue reading Global Wind Energy Alliance and Global Solar Council announce Global Renewable Energy Alliance
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Mainstream Renewable Power projects to deliver 1.27 GW of new wind energy and solar for South Africa
Mainstream Renewable Power-led consortium has been awarded 50% of the total allocation in the latest round of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) The win makes Mainstream Renewable Power the leading renewable energy company in South Africa, with over 2.1 GW awarded under the REIPPPP to date The twelve projects, across … Continue reading Mainstream Renewable Power projects to deliver 1.27 GW of new wind energy and solar for South Africa
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EDP Renewables opens the biggest solar complex in São Paulo State
Located in the city of Pereira Barreto, it will be the fifth-largest solar farm in Brazil and EDPR’s largest in the world Today, EDP Renewables (Euronext: EDPR), the world’s fourth largest renewable energy producer, is opening the largest solar complex in São Paulo State and the fifth largest in Brazil, with an installed capacity of … Continue reading EDP Renewables opens the biggest solar complex in São Paulo State
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Iberdrola to build 245 MW Avonlie solar farm in Australia
Iberdrola Australia is to build the Avonlie solar farm, a 245 megawatt (MW) plant that will be located near the town of Narrandera in New South Wales. The project will generate around 500 gigawatt hours (GW) of electricity per year, which is equivalent to powering more than 80,000 Australian homes and avoiding more than 157,000 … Continue reading Iberdrola to build 245 MW Avonlie solar farm in Australia
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EDP Renewables signs a 15-year PPA for 297 MW of wind power in Canada
The company has closed the agreement with TransCanada Energy to sell the green energy from its Shap Hills wind farm, avoiding estimated annual emissions of 700 thousand tons of CO2. With this new PPA, EDPR now has 0.4 GW of secured capacity in Canada. EDP Renewables (Euronext: EDPR), the fourth largest renewable energy producer in … Continue reading EDP Renewables signs a 15-year PPA for 297 MW of wind power in Canada
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Clean Power Sources are ‘Getting it Done’
After a year of catastrophic weather events and increasingly dire warnings from experts on the need for climate action, it feels like the spotlight should be on climate change every week. Climate takes center stage this week as today marks the official start of Climate Week NYC, an annual international climate summit that has taken … Continue reading Clean Power Sources are ‘Getting it Done’
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Wind energy compensates part of the hydroelectric losses in Brazil
Virtually non-existent in the Brazilian energy matrix during the 2001 crisis, wind power has already become the second most used in Brazil, representing 10.8% of the consumption of the National Interconnected System (SIN), according to data from the National System. Electric Operator (ONS). This proportion, however, will increase until November, a period to which what … Continue reading Wind energy compensates part of the hydroelectric losses in Brazil
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EDPR signs more than 50 solar energy projects with Walmart
The projects, ranging from rooftop to ground mount projects, generate a total of 38.3 MW of energy and are distributed across 7 USA states. Using the latest in environmental innovation, EDPR has worked with Walmart to support its commitment to pollinator friendly solar by building a ground mount solar array at its Laurens, SC distribution … Continue reading EDPR signs more than 50 solar energy projects with Walmart
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American Clean Power Week to Celebrate ‘The United States of Clean Energy’ Oct. 25-29
The remainder of 2021 is shaping up to be an active time for climate, clean energy, and the drive toward reducing our global carbon footprint. Between key fall events including Climate Week NYC, the 2021 United Nations Climate Change Conference (COP26) and the ongoing Congressional work on the infrastructure bills in Washington, the important role … Continue reading American Clean Power Week to Celebrate ‘The United States of Clean Energy’ Oct. 25-29
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IRENA and IAEA to Help African Union Develop Continental Power Master Plan with EU support
The International Renewable Energy Agency (IRENA) and the International Atomic Energy Agency (IAEA) have been selected as modelling partners for the development of the African Continental Power Systems Master Plan (CMP). The initiative is led by the African Union Development Agency (AUDA) with the technical and financial support of the European Union (EU), and is … Continue reading IRENA and IAEA to Help African Union Develop Continental Power Master Plan with EU support
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Eskom Considers $7.2 Billion in Wind and Solar Investment by 2030
Eskom Holdings SOC Ltd., which supplies almost all South Africa’s electricity from coal-fired power plants, is considering spending 106 billion rand ($7.2 billion) on wind and solar energy by 2030. The investment plan, which Eskom could carry out by itself or in partnerships, is the most detailed demonstration yet of the utility’s ambition to move … Continue reading Eskom Considers $7.2 Billion in Wind and Solar Investment by 2030
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Indigenous Resources Key to Energy Security and Universal Access in Botswana
Significant wind power and solar energy potential and abundant biomass residues present considerable opportunities for Botswana to enhance domestic energy security and increase access to modern energy services, according to a new report published today by the International Renewable Energy Agency (IRENA). Short-to-medium term actions in the areas of policy, regulation, risk and investment can … Continue reading Indigenous Resources Key to Energy Security and Universal Access in Botswana
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Endesa will invest 315 million in the construction of 350 MW of new wind energy and solar power in Cuenca
Endesa, in its commitment to the total decarbonisation of the energy mix and the development of renewable projects, continues to analyze its own projects and acquire renewable power portfolios from third parties with extensive experience. In this sense, the company today announced the purchase, through its renewable subsidiary Enel Green Power España (EGPE), of a … Continue reading Endesa will invest 315 million in the construction of 350 MW of new wind energy and solar power in Cuenca
Continue readingFirst Clean Power Annual report shows record U.S. renewables growth and investment
U.S. installed 26 gigawatts of new clean power in 2020; 170 GW of capacity enough to power 50 million homes Industry employs 415,000 Americans and has invested $334 billion in the U.S. economy since 2005 with more growth coming The American Clean Power Association today released its first Clean Power Annual report, which showed wind, … Continue reading First Clean Power Annual report shows record U.S. renewables growth and investment
Continue readingEni acquires 1.2 GW of wind power and solar energy projects in Spain
Eni will expand its renewable energy presence in Spain with the acquisition of solar and wind power projects with a total capacity of 1.2 GW, the company reported on July 26.Gas e Luce, Eni’s retail subsidiary, which has integrated its renewable energy operations, signed an agreement with Azora Capital to buy the portfolio of new … Continue reading Eni acquires 1.2 GW of wind power and solar energy projects in Spain
Continue readingNorth Macedonia advances in three wind energy and solar power projects with 210 MW
ESM is seeking consultants for feasibility studies for solar power plants of 60 MW and 100 MW in Bitola and its 50 MW Miravci wind power project in Gevgelija. After Germany’s KfW Development Bank provided a EUR 2.4 million grant to North Macedonia to produce feasibility and environmental impact studies for green energy systems, Elektrani … Continue reading North Macedonia advances in three wind energy and solar power projects with 210 MW
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Renewables surged in 2020 but world not yet on track for climate goals, BP says
Wind and solar power capacity expanded rapidly in 2020 while global energy demand cratered because of the pandemic, yet this did not yet reflect a “decisive shift” towards meeting U.N.-backed climate goals, BP said in its annual energy review. Last year witnessed the biggest fall in carbon emissions in more than 75 years, putting the … Continue reading Renewables surged in 2020 but world not yet on track for climate goals, BP says
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IRENA’s World Energy Transitions Outlook Re-Writes Energy Narrative for a Net Zero World
Change in investments, capital markets and policies tabled to realise energy transition dividend of 122 million energy jobs by 2050. Accelerating energy transitions on a path to climate safety can grow the world’s economy by 2.4 per cent over the expected growth of current plans within the next decade, a new analysis from the International … Continue reading IRENA’s World Energy Transitions Outlook Re-Writes Energy Narrative for a Net Zero World
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Rapid growth expected for grid-scale U.S. storage capacity
Energy storage has rapidly evolved from a niche application just a few years ago into an increasingly cost competitive and fast-growing technology that complements wind and solar. And two new national lab reports find storage growth is poised to explode. Grid-scale U.S. energy storage capacity could increase five-fold by 2050 according to the latest report … Continue reading Rapid growth expected for grid-scale U.S. storage capacity
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