Spot contracts drop on German solar's continued growth
On Friday, a rise in German solar energy supply for the second day in a row and a fall in demand in all of Europe is expected. This will further weigh on European spot electricity contracts. French baseload…
Laos signs clean energy agreement worth $1.45 billion with Chinese industrial company
Laos signed a clean energy agreement worth $1.45 billion with a Chinese manufacturer of power plant equipment as it continues its drive to generate and transmit clean electricity. China Western Power Industrial…
Sources: Masdar, the UAE's solar energy company, is in negotiations with Endesa for a $200 million deal.
According to a document and two sources who are familiar with the matter, Masdar Abu Dhabi Renewable Energy Company and Endesa Spanish Power Utility are close to a deal in which Masdar would pay approximately…
On Monday, expect a higher renewable output
The German and French power prices for the following Monday were not traded on Friday, but it was expected that a rise in wind and solar supplies throughout the region would have a negative effect on prices.
Nigeria launches $500 Million Fund for Solar Energy
Nigeria launched a $500-million fund on Thursday to attract private investment in order to increase solar energy and supplement the country's aging power grid. At the Sustainable Energy for All Global Forum held in Barbados…
Terabase Energy receives $130 Million to expand solar technology
Terabase Energy, a solar technology company, announced Thursday that it had secured funding from SoftBank of $130 millions to scale up its technology for large projects. Terabase Energy now has a total of $200 million in funding…
Spot prices rise due to lower German solar power
The European spot electricity prices for Wednesday increased on Tuesday, as the German solar power shortage was expected to be greater than gains from wind power and lower demand. German day-ahead electricity…
Report: Solar power will account for 84% of the new US electricity added in 2024.
A report released on Tuesday stated that solar energy contributed 84% of the new electricity generation capacity to the U.S. grid in the past year. However, the industry will face challenges with the new energy policies adopted by the U.S.
A letter from the industry says that over $13 billion worth of solar and wind investments are at risk in Vietnam.
Adani Green Energy, as well as more than two dozen other foreign and Vietnamese investors have warned that Vietnam's plans for retroactively changing rules on subsidised wind and solar prices could impact over $13 billion in investments.
Report says India's renewable sector is hit by low demand and cancellations
The Institute for Energy Economics and Financial Analysis reported on Thursday that India's renewable sector faces a number of obstacles, including a weak demand for bids, delays in power agreements and cancellations of projects.
Germany's green employment doubles but lack of staff threatens growth
A study released on Thursday showed that the number of German jobs related to energy transition has increased by more than two-thirds since 2019. However, the shortage of skilled workers is threatening…
Statkraft, Norway's largest steel producer, reports a drop in profits and says that politics may have an impact on costs
Statkraft, a Norwegian company, reported a 56% decline in its fourth-quarter operating profit despite soaring power prices. Statkraft also warned that trade wars may increase the cost to build generation capacity.
World Bank and other lenders criticise Pakistan’s energy negotiations
A group of eight development financing institutions warned that Pakistan's unilateral renegotiation will damage investor confidence in the clean energy sector and harm its long-term prospects. Last year…
Uniper's hedging strategy includes selling hydropower through 2027.
The German utility Uniper said that it has sold large quantities of future hydropower production as part of an hedging strategy. Uniper sold 30% of German hydropower for 2026, at an average of 86 euros…
UK reduces subsidies for Drax biomass power plant
Britain announced that it had reached a new agreement with Drax, which would reduce subsidies to the domestic power producers by half between 2027 and 2031. This will save consumers money while ensuring…
Clean energy companies pressure US lawmakers to protect subsides
On Wednesday, U.S. clean energy companies will be heading to Capitol Hill to urge Republican legislators not to eliminate lucrative tax credits that are contained in the landmark climate change legislation of former president Joe Biden.
Shares of Enphase rise as company forecasts revenue for Q1 above expectations
Enphase Energy, a maker of solar inverters, forecasted first-quarter revenues above market expectations on Tuesday. This was after robust demand led to a higher-than-expected operating profit for the fourth quarter…
Enphase shares soar as revenue forecasts for the first quarter are higher than expected
Enphase Energy, a maker of solar inverters, forecasted first-quarter revenues above Wall Street expectations Tuesday. This was after robust demand led to a higher-than-expected operating profit for the fourth quarter…
Senate Democrats question EPA's blocking of federal grants committed
Senate Democrats asked the newly confirmed Environmental Protection Agency administrator Lee Zeldin on Friday to explain why his agency frozen federal funds already committed to grantees. They claimed the agency had violated federal law.
Premier Energies, India's largest solar energy company, halts U.S. plans for solar cell facilities amid policy uncertainty
Premier Energies, a manufacturer of Indian solar modules, announced on Monday that it would put on hold its plans to build a solar cell factory in the U.S. capable of producing 1 gigawatt. This decision…
