solar and wind

Norwegian energy company Statkraft has announced a plan to develop and operate 2GW of solar and wind capacity in Germany.

Global renewables investor Actis has launched a new US$500 million renewables development platform in Japan, looking to deploy 1.1GW of onshore solar and wind by 2027.

Solar and wind installations in the US could account for between 40% and 62% of total electricity generation by 2030, according to a report from the National Renewable Energy Laboratory (NREL).

Grenergy has purchased the remaining stake of 60% in UK solar energy facility developer Sofos Harbert to strengthen its business in the US.

The renewable energy subsidiary of Indian integrated power company Tata Power has announced plans to develop a 255MW hybrid solar and wind project in the state of Karnataka, India.

IKEA owner Ingka has acquired shovel-ready solar and wind assets in Poland from renewables developer OX2 in a €190 million (US$203 million) deal.

Independent onshore renewables firm Ventient Energy has completed the acquisition of 240MW of solar PV as part of a broader renewables portfolio.

Favorable weather conditions in Germany contributed to renewables accounting for more than half of power generation in January and February this year.

Steel manufacturer ArcelorMittal has partnered with Indian renewable company Greenko Group to develop a 975MW 'round the clock' wind and solar project in India.

Major Filipino power firm Aboitiz Power Corp is in early-stage planning to invest nearly PHP34 billion in around 1GW of wind and solar power in Pangasinan.