The United Arab Emirates has announced plans to develop another 100 MW of solar photovoltaic (PV) power capacity. The proposals form part of its Vision 2021, which aims to source 24 per cent of its energy from renewable energy sources.
The Government of Brazil has announced the launch of an investment fund of $6.5 billion, which will be used to create renewable energy generation projects in the country's northeastern region.
The National Thermal Power Corporation (NTPC), India's state-run power generator, is aiming to develop 5000 MW of solar power capacity in the next two years, which is a third of its 15 000 MW target over the next seven years in India. This target represents a fifty-fold increase from the current levels of solar capacity.
The UK government has announced that £463 million ($684 million) has gone into a fund for wind projects headed by the UK Green Investment Bank (GIB), which has already invested £200 million ($295 million) of its own capital. This is the first stage of a planned £1 billion fund that would be geared to develop offshore wind farms.
Costa Rica has managed a major clean energy milestone, meeting 100 per cent of its power needs with renewable sources for 75 straight days at the beginning of 2015.
China's biggest wind farm developer, Longyuan Power Group Corp., has reported a 25 per cent jump in full-year profit as its activities in wind power generation increased.
Sweden’s Triventus Wind Power and Norway’s Havgul Clean Energy have announced that they will merge to combine their 1.6 GW portfolio and jointly develop further renewable projects across Finland, Norway and Sweden.
RenewableUK has said the East of England could become a hub for trading renewable energy with Scandinavia, so long as the right regulatory framework is put in place.
Conergy, one of the world’s largest downstream solar companies is to receive an equity investment from RWE Supply & Trading, the energy trading arm of the European utility.
The government of the Indian state of Punjab is set to launch a farm-level solar power scheme to promote land-owning farmers projects that range from 1 MW to 2.5 MW. The programme is initially aiming to set up 500 MW of capacity.