Renewable Energy News

Egypt Draws $1.8B To Develop 1.4 Gigawatts of Solar Capacity

Egypt’s fledgling solar industry attracted $1.8 billion of investment, largely from the European Bank of Reconstruction and Development and the World Bank’s International Finance Corp.

The EBRD is backing 16 photovoltaic projects, and the IFC is financing 13 in the sunny North African nation with a combined capacity of 1.4 gigawatts. They are writing loans for $380 million and $203 million, respectively, and have mobilized the rest from co-investors.

Tesla and Vestas Partner in $160 Million Australian Project

A novel $160 million renewable energy project combining wind, solar and storage technologies reached financial close.

UK Will Be Vulnerable Outside of the EU's Energy Market

Britain’s divorce from the EU is less than 18 months away yet the arguments become more fractious and uncertainties over trading relationships seem no nearer to resolution. Among the big unknowns is what fate lies in store for the UK’s energy market and its relationship with Europe.

sonnen To Build Innovative Residential Energy Storage Community in the US

Each home in the new community will have solar PV and a sonnenBatterie installed, enabling every household to produce and consume most of its own electricity, according to sonnen.

UK's First Floating Offshore Wind Turbine Up and Running

Today the First Minister of Scotland, Nicola Sturgeon, officially opened Hywind Scotland, which the company is touting as the first floating wind farm in the world. The long awaited Statoil Hywind floating offshore wind farm is a 30-MW project located at Bucham Deep, which is 25 km from Peterhead in Aberdeenshire. The project is operated by Statoil in partnership with Masdar and uses Siemens 6-MW turbines. Through this pilot project Statoil hopes to drop the cost of offshore wind energy to a range of €40-60 €/MWh by 2030. 

 

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