Global private equity firm Ardian reached an agreement to acquire France-based independent renewable energy producer Akuo. Akuo, controlled by alternative asset manager ICG, is opening a new chapter under private equity firm Ardian, headquartered in Paris. Founded in 2007 in France, Akuo specializes in wind power, storage and photovoltaics, including agrisolar and floating solar power […]
Global energy demand grew at a faster-than-average pace in 2024. The increase was led by the electricity sector, driven by extremely high temperatures, electrification and digitalization. Renewables and natural gas covered the majority of additional energy needs while renewables and nuclear energy did the same for the growth in power generation, according to the IEA’s […]
With 585 GW of capacity additions, renewables accounted for over 92.5% of power expansion globally in 2024, the International Renewable Energy Agency (IRENA) said. Solar power and wind dominated again, as did China. The country contributed a stunning 63.8% in total, and 61.5% and 70.5% in the two technologies, respectively. It surpassed a 50% share […]
Greek state-controlled utility Public Power Corp. (PPC) aims to become a major player in the rising data center and artificial intelligence market. PPC (or, in Greek, Admie), announced its 2024 annual results. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 41% to EUR 1.8 billion, while renewable energy capacity reached 6.2 GW. At […]
State-owned Elektroprivreda Srbije (EPS) is analyzing options for the production and use of green hydrogen, including as an alternative fuel for coal-fired power plants, according to the power company’s representatives. EPS CEO Dušan Živković said the Serbian utility has launched an analysis of the possibility and feasibility of production and storage of hydrogen as well […]
The Union of European Football Associations (UEFA) and SolarPower Europe have partnered to advance sustainability in European football through solar energy. The collaboration focuses on leveraging renewable energy, specifically solar power, to help UEFA, national football associations, and football clubs reduce their carbon footprints and contribute to a greener, more sustainable future for the sport, […]
Greek company Katheris said it installed the country’s first solar panel recycling machine. As one of few such endeavors in entire Southeastern Europe, the business move could contribute to the development of a lucrative market that would ease environmental and climate impact. Repairing and recycling solar panels is limited, and landfilling is still a common […]
As energy storage holds a key role in supporting the grid and energy transition efforts, Sungrow’s ESS Experience Day in Munich was an insightful opportunity for leading experts across Europe to exchange thoughts on this crucial topic towards a sustainable future. The event was followed by almost 300 attendees. It covered a broad range of […]
Signal Iduna Park, the home of Borussia Dortmund Football Club, is set to become the site of the world’s largest solar power plant installed on a stadium roof. PV module manufacturer JA Solar, based in China, and German football club Borussia Dortmund are joining forces for the installation of a new photovoltaic system on the […]
Hybrid solar, which combines solar with energy storage or wind, reduces the levelized cost of electricity by 10% compared to standalone projects, according to the latest report from SolarPower Europe. Hybrid solar supports system flexibility, improves the cost-effectiveness of an asset, and makes energy generation more reliable, SolarPower Europe stressed. “Embracing the benefits of Hybrid […]