Brazil has temporarily shut down two of its largest hydroelectric power plants due to a severe drought, as water levels in the River Madeira reach critically low levels. On August 7, the Electric Sector Monitoring Committee (CMSE) advised the...

NextEnergy Capital’s (NEC) international fund, NextPower V ESG, has secured a binding agreement to acquire a 248 MW solar PV portfolio in northeastern Spain. The portfolio comprises 12 solar PV projects and marks a significant addition to NEC’s...

RWE has secured two offshore wind sites in the North Sea, with a combined capacity of 4 GW, in the latest auction held by the German Federal Network Agency. The sites, N-9.1 and N-9.2, are located between 110 km and 115 km northwest of Borkum island...

U.S. President Joe Biden has increased the tariff-free import quota for solar cells to 12.5 gigawatts (GW) from the previous 5 GW, more than doubling the allowable volume to support domestic solar panel manufacturers that rely on overseas components...

Despite nationwide protests disrupting economic activities, Bangladesh’s electricity demand grew 7% over three weeks, reaching an average of 316 million kWh per day. This increase, driven mainly by household air-conditioning use amid extreme...

The Chinese government has filed a complaint with the World Trade Organisation (WTO) in response to the European Union’s (EU) imposition of tariffs on electric vehicles (EVs) made in China. The provisional tariffs, ranging from 17.4% to 37.6%...

Open Access Energy (OAE), a software company focused on energy transactions, has secured a $750,000 investment from Factor E Ventures as part of a $1.5 million seed funding round. This investment is aimed at enhancing South Africa’s energy...

Fortis Energy has obtained preliminary permits for three wind projects in Serbia, totalling 509.4 MW. These projects will generate 1.5 billion kWh of renewable energy annually, enough to power 750,000 households and prevent 350,000 tons of carbon...

UK Export Finance (UKEF) and Polish export credit agency KUKE have teamed up to provide a €249 million loan guarantee for Turkish renewable energy firm Kalyon Enerji. The guarantee, arranged by Standard Chartered Bank, will finance the construction...

Graphic Packaging International has signed a virtual Power Purchase Agreement (vPPA) with renewable energy company Zelestra to source clean energy from two solar projects in Spain, José Cabrera and Socovos II, totalling 83 MW. This agreement supports...

SEG Solar has launched a new PV module manufacturing facility in Houston, Texas, with an initial capacity of 2 GW of n-type panels per year. The fully automated production line, touted as the longest in the world, is set to expand to 5 GW by 2030...

On 9 August, CS Energy announced that its 100MW/200MWh Chinchilla Battery is fully operational and ready to support Queensland’s power grid. The battery underwent extensive testing to ensure safety and reliability under various operating conditions...

US-based LS Power has agreed to acquire the renewable energy business of Algonquin Power & Utilities, which includes wind and solar assets across the US and Canada. The portfolio comprises 44 operating assets with more than 3GW of generating...

SSE Renewables has finished a critical phase in the Coire Glas pumped storage project in the Scottish Highlands, completing a 1.2km exploratory tunnel. This marks a major step forward in the UK’s first significant pumped storage scheme since 1984...

Cero Generation has secured financing for a 244.7 MW solar project portfolio in Spain’s Palencia region. The projects will begin construction soon, supported by a consortium of lenders including Banco Sabadell, Rabobank, and ING. A ten-year power...

EmberClear Management has submitted loan applications to the Texas Energy Fund for two major power projects, each with a capacity of 900 MW. The EmberYork Energy Center in Austin County and the EmberGreen Energy Center in Wharton County will...

Amazon has powered its operations, including data centres, with 100% renewable energy, reaching this milestone seven years ahead of its original 2030 target. The company invested billions of dollars in over 500 solar and wind projects, generating...

A team of scientists at Oxford University has made a significant breakthrough in solar technology with the development of an ultra-thin, light-absorbing material made from perovskite. This new technology could transform everyday objects into...

Fluence Energy announced its Q3 FY2024 results, showcasing a record quarterly order intake of $1.3 billion and a record backlog of $4.5 billion. Although revenue decreased by 10% year-over-year to $483.3 million, the company demonstrated strong...

Array Technologies, a utility-scale solar tracking solution provider, has introduced SkyLink, a PV-powered wireless tracker system. Building on the strengths of its DuraTrack® and OmniTrack™ offerings, SkyLink adds flexibility and optimization to...