The lodged offers represent over AUD 100 billion (USD 71.7bn/EUR 63bn) of potential investment in 24 solar parks, 13 onshore and seven offshore wind farms, 35 large-scale batteries and eight pumped hydro plants. It is estimated that these projects have the potential to deliver more than 100,000 GWh of total electricity per year.

Romanian energy trader and developer Enero Furnizare plans to develop solar projects with a total capacity of 1GWp in Romania this year

Projects for the creation of new nuclear power facilities will receive about RUB56 billion from the National Wealth Fund (NWF), another RUB40 billion will be allocated from the budget.

Texas is the second largest state by both area and population and has major expertise in the energy industry. Texas is in the south of the US, which allows it to generate plenty of solar electricity even in winter.

This dynamic leads to rising global oil inventories from 2Q22 through the end of 2023, and the Brent spot price will fall to an average of $87/b in 2Q22 and $75/b in 4Q22. The Brent price will average $68/b for all of 2023.

RES has acquired Blueshore, an asset management business with 1.6 GW of renewable projects under management in Australia.

China, the world's biggest greenhouse gases emitter and coal consumer, is expected to add 180 gigawatts (GW) of new power generation capacity from non-fossil fuel sources during 2022, driving total non-fossil fuel capacity to 1,300 GW, according to a report issued by the China Electricity Council (CEC) late on Thursday.

Neom, which will be built along Saudi Arabia's borders with Jordan and just across the narrow Strait of Aqaba from Egypt's Sinai Peninsula, is a linchpin of the world's largest oil exporter's plans to diversify its fossil fuels-dominated economy.

Australia’s largest planned Renewable Energy Zone (REZ) is to be built in the New South Wales (NSW) northeast with the state government announcing the New England REZ, which will deliver at least 8 GW of new network capacity, has been formally declared.

The Philippine Department of Energy has initiated a tender for 2,000 MW of renewable capacity, including 1,260 MW of solar, 380 MW of wind, 230 MW of biomass and 130 MW of hydro.

The auction for large renewable projects (>1 MW), with 3,897 MW of capacity available, attracted 108 bids totalling 1,352 MW and only 84 bids totalling 1,093 MW were admitted (28% of the available capacity).

This duplication of generating capacity increases electricity infrastructure investment, thus increasing required return on investment and consumer electric rates.

Chinese state broadcaster CCTV said that when taking all solar and wind generation in account, the country added a whopping 101 gigawatts of renewable energy capacity in 2021.

Argentina is expected to sign a five-year US$35bn infrastructure programme with China.

Enel Green Power (EGP) added 5,120 MW of new renewable power capacity in 2021 (+65% compared to 2020), including 220 MW of battery capacity.