Eco2 Ltd. has started construction of a 44.2-megawatts straw-powered biomass plant at Snetterton, Norfolk in the United Kingdom.
French project developer Solairedirect has secured Euros 254 million (US$295 million) funding for
photovoltaic plants in France, Chile and India.
Aquila Capital, a European alternative asset manager, has entered a joint venture with Swiss electric utility ewz to acquire 60 megawatts of wind projects in Sweden from Eolus Vind AB.
The Abu Dhabi Fund for Development has announced plans to offer US$ 57 million in concessional loans for five renewable energy projects in developing countries.
Last year was the warmest since 1880, according to two separate analyses by NASA and National Oceanic and Atmospheric Administration scientists.
Dubai-based power project developer Access Power MEA and France’s EREN have signed an agreement to launch a fund that will invest in the early stage development of renewable power projects in Africa.
Shams Ma’an Power Generation PSC has secured US$129 million in financing from a Mizuho Bank-led group of financiers for a 52.5-megawatt solar project in Jordan.
The European Bank for Reconstruction and Development is providing a loan of up to 7 million Euros (US$8.1 million) for a new biomass boiler plant in Prijedor, a municipality in the north west of Bosnia and Herzegovina.
Italy’s ELC Electroconsult SpA has secured US$499,000 in funding for a geothermal exploration program in the Aluto Langano area in Ethiopia.
Saudi Arabian project developer ACWA has been selected to develop a 200-megawatt solar power project in Dubai.
Emissions from the power industry in the European Union dropped 8% in 2014, whilst electricity consumption fell by 2.7%, according to analysis by industry group Sandbag.