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Acciona links first MacIntyre wind farm turbines to Australian grid
Spanish renewable energy company Acciona Energía has connected the first 27 turbines of the MacIntyre wind farm in Queensland, Australia, to the national grid, contributing 154MW of power. The farm, set for full completion by October 2025, will feature 162 Delta4000 turbines with a total capacity of 923 MW. The energy will be distributed via power purchase agreements with Queensland’s Stanwell and CleanCo. Ark Energy, holding a 30% stake, will use its share to decarbonize…
Survey reveals 50% of Gen Z prefer solar energy solutions
A recent survey assessing awareness of clean energy sources found that 50% of Gen Z respondents prefer solar energy solutions, closely followed by 46% of Millennials. The survey, conducted between February and March 2024, included 4,318 participants across five metros (Bangalore, Delhi, Hyderabad, Kolkata, Mumbai) and eight non-metro cities (Ahmedabad, Chandigarh, Gurugram, Guwahati, Jaipur, Kochi, Lucknow, and Patna). The survey explored preferences across four age cohorts: Gen Z (18-22 years), Millennials (23-38 years), Gen X…
Lucid Group shares surge on $1.5 billion Saudi investment
Lucid Group (LCID) shares have increased following the announcement of second-quarter results and a $1.5 billion funding commitment from Ayar Third Investment Co., an affiliate of the Public Investment Fund of Saudi Arabia. This funding will be utilized to build a factory in Saudi Arabia, capable of producing 150,000 vehicles annually, and to support the production of Lucid’s new Gravity SUV. In the second quarter, Lucid reported revenue of $200.6 million, surpassing analysts’ expectations, but…
India signs MoU with IEA for critical minerals cooperation
The Ministry of Mines has signed a memorandum of understanding (MoU) with the International Energy Agency (IEA) to advance cooperation in critical minerals. This agreement, recently approved by the Cabinet, will grant India access to IEA’s data, analysis, and policy recommendations, aiding in refining policies, regulations, and investment strategies to align with global standards. The collaboration is expected to enhance India’s technical capabilities and institutional strength in the critical mineral sector, fostering capacity building and…
India approves 50 solar parks to boost 37.5 GW renewable capacity
The Union Ministry of Renewable Energy has approved the establishment of 50 solar parks with a combined capacity of 37.5 GW, marking a major milestone in India’s renewable energy journey. These solar parks will be strategically placed across various states to optimize energy generation and distribution, supporting India’s goal to transition towards cleaner energy sources and reduce reliance on fossil fuels. Alongside the solar parks, the government is expanding offshore wind energy projects along the…
Enagas receives approval for Spanish section of H2med hydrogen pipeline
Grid operator Enagas has received provisional approval from the Spanish Government to develop the Spanish section of the trans-European H2med hydrogen pipeline and related infrastructure projects. The H2med project, in collaboration with Spain, France, Germany, and Portugal, includes interconnections, an underwater pipeline between Spain and France, and hydrogen storage facilities. Enagas will work with operators GRTgaz, Terega, OGE, and REN. The total cost of Spain’s hydrogen portfolio is expected to be EUR 4.9 billion, with…