Brookfield buys Origin Energy for $12.5 billion
A $12.5 billion (AUD 18.7 billion) takeover deal for Origin Energy has been struck with a consortium led by Canadian giant Brookfield. Brookfield’s vision for Origin Energy involves spending “at least” AUD 20 billion to build new renewables and storage.
Developer starts building 800 MW project with US components in Illinois
Swift Current Energy is set to begin construction on an 800 MW project by the fall of 2024.
Floating PV system mysteriously washes up on Hong Kong beach
A local environmental organization has published pictures of the stranded array which appeared last week on two beaches. Hong Kong’s Agriculture, Fisheries and Conservation Department is currently investigating where the installation came from.
Missing investments jeopardize energy transition, says IRENA
The International Renewable Energy Agency (IRENA) told Berlin Energy Transition Dialogue participants this week that $5.4 trillion of annual investment is needed to support the global shift to renewables. Kenyan President William Ruto, meanwhile, called for a fair energy partnership between Europe and Africa.
India surpasses 64 GW of installed solar capacity
The Indian states of Rajasthan, Gujarat and Karnataka now account for more than 50% of the nation’s cumulative installed solar capacity.
IRENA SolarCity Simulator to drive economic opportunities, improve healthcare
The International Renewable Energy Agency (IRENA) explains how to optimally use its SolarCity Simulator, an open-access platform designed to help member countries to deploy PV systems at the municipal level.
The Hydrogen Stream: China Southern Power connects hydrogen plants to grid
China Southern Power Grid, a state-owned utility, has revealed plans to use alloy materials to store hydrogen.
Trina Solar aims for 26% TOPCon solar cell efficiency by 2027
Zhang Yingbin, Trina Solar’s head of global product strategy, speaks to pv magazine about the path to a supply chain dominated by n-type TOPCon products. He says Trina Solar will reach 30 GW of TOPCon solar module capacity by the end of 2023.
Fortune favors the brave
The renewables industry fears that the new energy bill that the French government is preparing could make clean power generation even tougher. However, solar analyst Xavier Daval says that betting everything on the nation’s nuclear power fleet is a risky strategy.
South Korea cuts capacity allocations from 4 GW to 2 GW in solar tenders
South Korea has cut its 2030 renewable energy target from 30.2% to just 21.6%, as it seeks to reduce support for solar and other clean energy sources, while preparing the ground for more nuclear power and liquefied natural gas. A lobby group is now challenging the plan in the Seoul Administrative Court.
