Through the partnership, RPC and Benbros will work on 14 projects in the regions of Andalucía, Extremadura, Castilla la Mancha, Aragon and Murcia.

Over the past few years, Russia has introduced several state incentives aimed at keeping up with the rising role of renewables in the energy mix.

The ecological transition for Europe can only be fully effective, the Commission said, if the EU’s immediate neighbourhood also takes effective action.

"Based on this document, China will be a steady importer of Iran's oil, and Iran should remove China's concerns for return of its investment,"

In 2015, France decided to cap nuclear energy production capacity in order to diversify its energy sources.

The Dow Jones Industrial Average rose 0.62% and the S&P 500 gained 0.52% while the Nasdaq Composite added just 0.12%.

China will preferentially give subsidies to wind and solar power companies, and further step up credit and loan support.

The cost of generating power from the sun has dropped more than 80% in the last decade, making it competitive with plants powered by fossil fuels like coal and natural gas.

Real gross domestic product (GDP) increased at an annual rate of 4.3 percent in the fourth quarter of 2020

The Sofia wind farm will be located 195 kilometres (121.2 miles) off the UK’s North East coast in the shallow area of the central North Sea, known as Dogger Bank. Once fully operational, it will be capable of producing electricity for 1.2 million UK homes per year.

The Shanghai Composite index finished down 0.1% at 3,363.59 points. The blue-chip CSI300 index edged just 0.05% lower

Overall, the company plans to invest US$2.7bn in 2021 (+73% compared with a previous plan), of which 80% will be aimed at boosting oil and gas production in its fields,

Green bonds are a rapidly expanding category of fixed-income securities that raise capital for projects with environmental benefits, such as renewable energy or low-carbon transport.

Japan’s Nikkei stumbled 2% while South Korea’s KOSPI slipped 0.4%. Chinese shares were in the red for a second day with the blue-chip CSI300 index down 1.65%. Hong Kong’s Hang Seng skidded 2.2%.

The Norwegian solar company confirmed its previous target of having 4.5 GW of photovoltaic (PV) capacity at end-2021.