The International Energy Agency (IEA) has said in its World Energy Investment 2018 Report that investment in India’s renewable energy sector overtook those made in the country’s fossil fuel-based power generation projects for the first time in 2017.
The share of renewable energy sources in Germany’s net electricity generation reached a new high in the first half of 2018.
The EU has finalised new climate rules after months of talks, targeting a total energy saving of 32.5 per cent and an increase in the share of renewable energy to 32 per cent by 2030.
Xcel Energy Colorado has announced a new power plan that the utility said could save customers $215 million, cut carbon emissions by half, and increase renewable energy sources to 55 per cent of its energy portfolio by 2026.
The Hawaiian Electric Companies have begun the formal search for new grid-scale renewable energy projects for the three islands of Oahu, Maui, and Hawaii.
The South Korean Government has decided to allow Korea Electric Power Corporation (KEPCO) engage in new renewable energy business in an effort to increase the share of renewable energy in the country’s power production by 20 per cent by 2030.
By DLA Piper's Maher Ghanma and Micael Johnstone
2016 saw the international community finally reach agreement for collective action on climate change with the rapid ratification and entry into force of the Paris Agreement. DLA Piper's Maher Ghanma and Micael Johnstone assess the impacts and opportunities that the transition to a low carbon future presents to businesses and policy-makers in the Middle East.
China’s National Energy Administration (NEA) has said that it will invest 2.5 trillion yuan ($361 billion) into renewable power generation by 2020.
The Costa Rican Electricity Institute (ICE) has said that the country ran entirely on renewable energy for 250 days in 2016, with renewables supplying 98.1 per cent of Costa Rica’s electricity for the year.
Senator Abdul-Aziz Murtala Nyako, representing the Adamawa Central Senatorial District, has said that despite the current problems in the Nigerian power sector, stakeholders plan to make Nigeria a power generation hub in West Africa, with vast opportunities available in renewable energy.