Octopus Energy Generation has announced a £2 billion investment in UK renewable energy projects by 2030, with a focus on solar capacity, including 222 MW currently in the pipeline. The investment covers the development of four new solar farms by BayWa r.e. in the UK, with construction on three sites expected to begin by the end of 2024 and the fourth in 2025. The projects include the 50 MW Perrinpit Road solar park in Bristol,…
New commitments aimed at expanding renewable energy and increasing access to electricity and clean cooking technologies have brought the total finance pledged through the United Nations for the global energy transition to US$ 1.4 trillion. This update was revealed in the third edition of the Energy Compacts Annual Progress Report, launched at the EnergyNow SDG7 Action Forum alongside the UN General Assembly. The report highlights that since the Energy Compacts initiative began in 2021, significant…
A new analysis by Climate Analytics and the NewClimate Institute reveals that India needs to grow its wind and solar power generation fivefold by 2030 to align with global climate goals under the 1.5°C target. This would require generating around 1,100 TWh of electricity from wind and solar by the end of the decade. To achieve this, India would need significant international climate finance to support its transition away from coal, which currently generates 75%…
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