EnBW on Thursday unveiled a 12-billion euro ($13.5 billion) investment plan and said it was close to acquiring French renewable group Valeco, as the German utility continues its strategy of moving away from fossil fuels.

The Dubai Electricity and Water Authority (DEWA) and a consortium led by Saudi Arabia’s ACWA Power and the Chinese-government owned Silk Road Fund have completed financing of the 950 MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, it was announced on Sunday.

Consolidated financial highlights Revenues: 75,672 million euros (74,639 million euros in 2017, +1.4%) EBITDA: 16,351 million euros (15,653 million euros in 2017, +4.5%) Group net income: 4,789 million euros (3,779 million euros in 2017; +26.7%)

Enel acquired 650 MW of renewable capacity from its U.S. joint venture EGPNA REP

Italy’s Terna said on Thursday it would spend a record 6.2 billion euros ($7.1 billion) on its power grid to deal with the shift towards the production of more renewable energy.

EIA - Renewable generation provided a new record of 742 million megawatthours (MWh) of electricity in 2018, nearly double the 382 million MWh produced in 2008. Renewables provided 17.6% of electricity generation in the United States in 2018.

Abu Dhabi is one of the most important examples of a city that is creatively seeking to strengthen its renewable energy sector.

Renewable energy had a 64.8% share of electricity generation, according to solar research institute Fraunhofer ISE. The achievement was mainly due to strong production from wind facilities.

The Saudi plan to expand in the renewable energy sector and diversify partnerships with progressive countries in the field is moving forward.

RECHARGE - The EU will spend up to €10bn ($11.37bn) supporting innovative low-carbon technologies in sectors such as renewables and energy storage over the next decade, said the European Commission.