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Global Renewable Capacity Addition in numbers For 2021 from IRENA

“At the end of 2021, global renewable generation capacity amounted to 3064 GW. Hydropower accounted for the largest share of the global total, with a capacity of 1230 GW,” finds a new report by the International Renewable Energy Agency (IRENA). Solar and wind energy accounted for equal shares of the remainder, with capacities of 849 […]

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Eolian Gets $925 Million Renewable Energy Financing

Global Infrastructure Partners’ (GIP) portfolio company Eolian has announced the closing of a $925 million renewable energy financing. Eolian announced it in collaboration with Banco Santander, Natixis, MUFG and Mizuho. The official statement of the Eolian said that the structured transaction will further advance multiple strategies already underway as the Eolian team rapidly accelerates the […]

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America’s Renewable Energy Project Completions Stumble

The Global Marketing Intelligence (GMI) platform of Industrial Info Resources (IIR) has found that the renewable power projects in the United States of America have slowed in the near past due to several reasons. It has said that various factors like the COVID-19 pandemic, supply-chain problems, lack of skilled workers, tariffs on imported materials and […]

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Amazon Announces New Renewable Projects of 3.5 GW Across the World

Global ecom giant Amazon has announced it is investing in 37 new renewable energy projects across the globe adding up to 3.5 GW. The new projects will include 26 solar power projects, 3 wind energy farms and 8 rooftop solar projects at Amazon buildings around the world. Amazon continues to be the largest renewable energy […]

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Pilot Scheme for Hourly Renewable Energy Certificates in UK Seeks To Empower Consumers

Plans proposed by energy suppliers working with a Startup called Granular could mark a sea change in making consumers aware of their power sources, and more importantly, benefit from discounts from there is a surplus of renewable power. A consortium of leading energy organisations led by hourly certificate focused start-up Granular and including European power […]

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European Commission Ponders Hiking Renewable Energy Target To 45% By 2030

The Ukraine-Russia conflict, and the vagaries of climate change might just have nudged the European Commission when it comes to its renewable energy targets. The European Commission is analyzing if the Union can achieve a higher aim of having 45% of its energy coming from renewable sources by 2030. Currently the European Commission has proposed […]

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4000 MW Renewable Energy Project for NEOM to Come Up Near Jordan Border

The renewable energy projects that are being planned by Saudi Arabia to supply electricity to the green hydrogen based ammonia plant in the city of NEOM appear to have been disclosed. As per media reports, the renewable energy projects will be located in the North-West region of Saudi Arabia. It will be developed near the […]

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