United Kingdom

The Anglo-American company is the latest utility to enter the utility-scale solar and wind development space by closing on its acquisition of Geronimo Energy.

An investor tool examining the coal fleets of major global power companies has offered up analysis which flies in the face of arguments solar and wind generation could help turn around the debt-saddled South African utility.

While Spain, Sweden, Ukraine and Brazil attracted more funds than last year, China’s transition to an auction-based procurement system and slow performance overall in Europe saw worldwide backing decrease. BloombergNEF does expect investments to ramp up in the second half, however.

The 3.3 million U.K. households that get their electricity from E.on will receive only renewable energy. The company referred to a public opinion poll as a motivation for the move.

Two of the nation’s largest commercial fleet operators have pledged to go all-electric by 2030, beating the government’s ambition by a decade, and carmaker Jaguar Land Rover has made a big electrification announcement – but insisted the politicians need to show similar bold ambition.

U.K. Power Networks has tendered 18.2 MW of flexible power capacity to six companies across eight regions. With regular feed-in returns hanging in the wind in the U.K., flexibility and peak time management payments could be an alternative source of income for the solar industry.

The British-German perovskite startup has closed series D funding with another £34 million to bring the money raised in the round to £65 million.

Joining the growing club of European countries setting carbon neutrality deadlines, new Danish PM Mette Frederiksen has announced her administration will look at reducing greenhouse gas emissions by 70% by 2030.

Norwegian hydropower company Statkraft has revealed more details of its solar-storage-wind-gas network. Previously announced plans to potentially double capacity this summer were not mentioned in the update.

An energy finance consultant from the international thinktank has added his voice to demands Theresa May, or her successor, spell out exactly how the decarbonization target will be met, and cited failings on solar as a warning on how not to proceed.