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News
February 15, 2023
Philippines' Citicore IPO to fund $4 bn investment in renewables
Citicore Renewable Energy Corp, one of the Philippines' leading solar power producers, has revealed plans to go public this year. It expects the share offering to contribute to a $4 billion investment in solar projects over the next five years.
February 15, 2023Germany eyes long-term LNG supply deal with Oman
Germany and Oman are in advanced talks to strike a long-term deal for liquefied natural gas (LNG) lasting at least ten years as Berlin seeks alternatives to Russian fuel supply, according to three sources familiar with the matter.
February 03, 2023UAE's Masdar unveils 20,000 MW renewables target for Africa
Masdar, an Abu Dhabi-based state-owned clean energy company, has announced ambitions to invest in Nigeria as part of its Africa-wide penetration which aims to increase renewable energy capacity by 20,000 MW over the next 12 years.
February 01, 2023US, Europe experience slowed solar PPA price increases, despite mixed forecast
The US and Europe saw relatively modest increases in the average prices of solar power purchase agreements (PPA) in Q4 2022, up by 4% and 3%, respectively.
January 09, 2023US tops EY’s ranking for world’s most attractive renewables market
Professional services firm EY has ranked the United States as the world’s most attractive market for investment in renewable energy – for a large part due to the Inflation Reduction Act passed in August 2022, which is viewed as a game changer for the coun
January 03, 2023Brussels plans energy market reform to curb renewables cost
Brussels plans to overhaul the bloc’s electricity market to prioritise cheaper renewable energy, European Union’s energy commissioner Kadri Simson has said, despite industry warnings that the reforms could smother investment in wind and solar projects.
October 25, 2022European PPA prices for wind, solar spike over 11% in Q3
Power purchase agreement (PPA) prices for renewable energy in Europe rallied 11.3% in the third quarter to more than EUR 73 euro per MWh, a YoY increase of 51%, according to LevelTen Energy, a PPA market platform operator.
July 29, 2022Philippines opens Renewable Energy Market
Philippine Electricity Market Corp. (PEMC) announced on July 28 the launch of the country's Renewable Energy Market (REM), a marketplace for trading Renewable Energy Certificates (RECs).
July 14, 2022MEPs backs tougher renewables targets
Members of the European Parliament voted on July 13 to increase the share of renewable energy in the EU's total energy mix from 40% to 45% by 2030, under the revision of the Renewable Energy Directive (RED) that is also supported by the European Commissio
July 05, 2022Mitsubishi signs virtual PPA with Murata for renewable energy supply
According to Nikkei, Japanese trading house Mitsubishi Corp. will start selling renewable electricity certificates that buyers can use as offsets for their energy consumption. The first buyer is Murata Manufacturing, an electronic components maker and one