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    Refiners Should Not Be Making Above Normal Profits- Biden

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    Cluster of Businesses Want The EU To Improve Energy Security

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    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

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    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Europe’s latest wind offshore auction mainly using non-price criteria is a success

    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

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    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

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    Investing In Renewable Energy By Nations Hits $1.2T- IEA

    Shikun & Binui Energy completes construction on 260-MW Texas solar project

    Lightsource bp finishes second solar project for Southeastern Pennsylvania Transportation Authority

    The EIB finances Iberdrola’s solar plants in Portugal

    Acwa Power enters PPA for Uzbekistan wind farm

    Vestas wins an order for 93 MW of wind power in Sweden

    China

    China Is Building World’s Biggest Floating Offshore Wind Farm

    The IV Stage of the Aluar Wind Farm in Argentina begins

    ACWA Power signs PPA for wind power in Uzbekistan

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

  • Press Statements
    Atlas and Hitachi to develop energy storage systems for renewable projects

    Nine New Countries Sign Up for Global Offshore Wind Alliance at COP27 in Sharm El-Sheikh

    SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    ABO Wind connects first wind farm in Poland

    By 2040, Floating Offshore Wind To Add 67K Total Jobs In UK

    Europe’s latest wind offshore auction mainly using non-price criteria is a success

    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

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Investing In Renewable Energy By Nations Hits $1.2T- IEA

in News, Renewable Power

According to research by the International Energy Agency, government spending has increased significantly since the pandemic began as a result of the energy crisis, reaching $1.2 trillion globally.

Over $500 billion more has been invested in clean energy spending only since March.

A total of 1,600 government-funded initiatives from 67 nations are included in the allocation for clean energy resources. The sum might spur private investment, increasing the total by another 50% to exceed $2 billion in 2030.

While developing and emerging nations have stressed short-term measures to keep the affordability of transportation, power, and cooking fuels, advanced economies have provided about 95% of the funding for energy investment.

The Executive Director of the IEA, Fatih Birol, said that the reactions from countries to the problem are moving in the right direction.

The unprecedented financial support for clean energy transitions that one is witnessing enhances energy security and reduces the negative effects of high fuel prices on consumers. However, there are alarming geographic inequalities, and if the global community does not weigh in to assist them in mobilising substantially more clean energy investment, many new and developing nations run the risk of falling behind, Birol added.

The US Inflation Reduction Act, as well as many measures from European nations, have led to some of the biggest investments in clean energy.

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