Eleven million people were employed in renewable energy worldwide in 2018 according to the latest analysis by the International Renewable Energy Agency (IRENA).

Wind or solar now represent the least expensive option for adding new power generation capacity in approximately two-thirds of the world.

Alphabet Inc.’s Google said it would invest 1 billion euros ($1.1 billion) to expand its data center infrastructure in the Netherlands.

BlackRock Real Assets is aiming to boost its renewables power portfolio in Asia by as much as 10-fold as it seeks to keep pace with the world’s fastest-growing region for green energy.

A new report from Navigant Research released this week says that revenue from device and data management technologies could grow from approximately $14.8 billion in 2018 to more than $22.1 billion in 2027 at a compound annual growth rate (CAGR) of 4.6%.

Governor Andrew M. Cuomo has announced that the New York Power Authority is launching a 15-year modernization and digitization program to significantly extend the operating life of the Niagara Power Project.

Dominion executives said in an interview this week that battery storage has the potential to improve the resiliency of the electrical grid

The round was led by Ecosystem Integrity Fund with participation from Equinor Energy Ventures and Evergy Ventures

The Australian Renewable Energy Agency (ARENA), on behalf of the Australian government, has announced up to $40 million in funding towards the deployment of a pumped hydro energy storage (PHES) project in South Australia.

The global energy supply is turning greener.

Over the past week, the U.S. Department of Energy (DOE) has announced multiple funding opportunities to renewable energy research including $130M for early-stage solar and $28M for wind. Further, the National Offshore Wind Research and Development Consortium announced up to $7M in funding for offshore wind.

The European Commission has approved a €385 million (US$429.7 million) renewable energy scheme to support renewables generation in Lithuania, including hydroelectric power.

Today, IREC proudly joins the collective voice of advocates and industry celebrating a milestone we have worked for 37 years to witness: two million solar installations now in the U.S. What better timing than in a year when children and governors, presidential candidates and corporate CEOs are all making headlines about the urgency of climate change action.

Eleven million people were employed in renewable energy worldwide in 2018 according to the latest analysis by the International Renewable Energy Agency (IRENA).

Wind or solar now represent the least expensive option for adding new power generation capacity in approximately two-thirds of the world.

BlackRock Real Assets is aiming to boost its renewables power portfolio in Asia by as much as 10-fold as it seeks to keep pace with the world’s fastest-growing region for green energy.

The round was led by Ecosystem Integrity Fund with participation from Equinor Energy Ventures and Evergy Ventures

The global energy supply is turning greener.

The idea of communities, cities, states, or countries being powered by 100 percent renewable energy used to be perceived as fantasy. Enter the Go 100% Renewable Energy Project, which aims to perpetuate the clean energy movement by creating a revolutionary online platform that showcases real-time 100 percent renewable energy progress. So far, the project has mapped 8 countries, 59 Cities, and 61 Regions/States, representing more than 62 million people who have set, reached, or surpassed official 100 percent renewable targets in at least one sector (electricity, transportation, heating/cooling). Discover what’s driving the shift to 100% RE, the common trends emerging, and learn more about the Go 100% project with Founding Director of the Renewables 100 Policy Institute Diane Moss!

Ice Energy, a California firm that uses chunks of ice to cool buildings, has secured $40 million in financing from private equity group Argo Infrastructure Partners LLC.

Earlier this week SIMEC ZEN Energy announced details of the first of many planned renewable energy projects for South Australia. The Cultana Solar Farm, a 280-MW solar power plant expected to generate 600 GW-hours of energy annually in Australia’s sunny climate is expected to begin construction in early 2019 according to details in a press release.

The Spanish government is exploring ways to persuade investors to finance a 100 billion-euro ($116 billion) transformation of its energy system as it tries to move beyond past policy mistakes that led to widespread losses and lawsuits.

On Monday, global offshore wind leader Ørsted announced that it had entered into an agreement to acquire a 100 percent of Rhode Island-based Deepwater Wind at a purchase price of US $510 million. Deepwater wind built the first U.S. offshore wind farm — the 30-MW Block Island Wind — and is currently constructing two additional facilities off Long Island, New York (South Fork at 90 MW) and Connecticut (Revolution Wind at 600 MW).

The world must invest $2.4 trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050 to avoid catastrophic damage from climate change, according to scientists convened by the United Nations.

An effort to put a tax on carbon dioxide emissions just won an unlikely underwriter: a top producer of oil and gas.

Wind or solar now represent the least expensive option for adding new power generation capacity in approximately two-thirds of the world.

Alphabet Inc.’s Google said it would invest 1 billion euros ($1.1 billion) to expand its data center infrastructure in the Netherlands.

A new report from Navigant Research released this week says that revenue from device and data management technologies could grow from approximately $14.8 billion in 2018 to more than $22.1 billion in 2027 at a compound annual growth rate (CAGR) of 4.6%.

UK company BAE Systems has been selected as preferred tenderer for the SEA 5000 program to deliver the Australian Government’s nine Future Frigates for the Royal Australian Navy.

A Chinese fund has invested A$45 million to accelerate the development and commercialisation of translational health and medical research outcomes from South Australia. The investment will enable researchers from the University of Adelaide, University of South Australia, the state’s hospitals and other institutions to develop proof of concept, undertake clinical trials, and bring new drugs and technologies to the global market.

British Columbia plans to proceed with construction of the Site C hydroelectric dam on the Peace River in the Canadian province’s northeast.

Statkraft AS, Norway’s state-owned power company, said it plans to plow as much as 60 billion kroner ($8.1 billion) into renewable energy around the world in the coming years after the government boosted its funding.

Clean energy investments in India increased to $7.9 billion last year and are expected to surpass $10 billion in 2015.

The Brazilian bank Itau Unibanco Holding SA raised 1.05 billion reais ($408 million) to finance renewable energy and water treatment projects.

The Obama administration is proposing a $4 billion fund to reward states that exceed cuts in greenhouse-gas emissions, and wants Congress to back steeper royalty rates for oil, gas and coal extraction from public land.

New power-generating units at Kenya’s Olkaria I plant are saving East Africa’s biggest economy about 2.2 billion shillings ($24 million) a month on fuel costs, according to the country’s biggest electricity producer.

Investors have spent more than $2 trillion on clean-energy plants in the past decade and last year added more renewable capacity than ever before.

A $2 trillion push in the U.S. to blend renewable energy into the power supply and fortify transmission lines against extreme weather means that Americans must act more like Europeans to keep their power costs down.

Scientists and economists including BP Plc’s former chief executive officer, John Browne, are inviting governments to join a $150 billion program that aims to make clean energy cheaper than coal.

Uruguay hopes to generate as much as 38 percent of its power from wind by the end of 2017, up from about 13 percent now, cementing Uruguay’s position as South America’s top wind-energy user, according to Gonzalo Casaravilla, chairman of the state- owned electric utility UTE.

Renewable energy will draw almost two-thirds of the spending on new power plants over the next 25 years, dwarfing spending on fossil fuels, as plunging costs make solar the first choice for consumers and the poorest nations.

Long-frustrated wind and solar developers in Australia can now get to work on more than A$14 billion ($11 billion) in projects after a new renewable energy target passed parliament.

India's Union Cabinet has approved cost revisions for its intergovernmental agreement with the Royal Government of Bhutan to implement the 1,200-MW Punatsangchhu-1 hydroelectric project on Bhutan's Punatsangchhu River.

According to a press release from Aquamarine Power, the marine hydrokinetic (MHK) Wave Power Offtake Device (WavePOD) 10th-scale prototype, a project run jointly by Aquamarine Power, Bosch Rexroth and Carnegie Wave Energy, has received US$3.1 million in new funding. 

JSW Energy Ltd., based in Mumbai, India, is refinancing about US$1.1 billion via a 5:25 financial structure for its hydropower-related debt following the purchase of two hydroelectric projects in November 2014 from Jaiprakash Power Ventures Ltd.  

JSW Energy Ltd., based in Mumbai, India, is refinancing about US$1.1 billion via a 5:25 financial structure for its hydropower-related debt following the purchase of two hydroelectric projects in November 2014 from Jaiprakash Power Ventures Ltd.  

Schottel Hydro subsidiary, Black Rock Tidal Power (BRTP), has raised C$15 million (US$11.5 million) for investment in its 2.5-MW TRITON floating marine hydrokinetic energy platform.  

The US$1.6 billion Northern Pass transmission line that could tap into 1,096 MW from Canada’s largest hydropower producer, HydroQuebec, was approved Dec. 7, by a 6-0 vote of New Hampshire’s Site Evaluation Committee [SEC].
 

Marine hydrokinetics (MHK) company BioPower Systems (BPS) reports it deployed its 250 kW bioWAVE pilot demonstration unit, Dec. 16, in the Southern Ocean off the southeastern coast of Australia near Port Fairy, Victoria.