According to the latest figures published by Energy Charts from German solar research institute Fraunhofer ISE, renewable energy accounted for 54.45% of net electricity generation in March.

CT - Provisional figures published by the UK Government on Thursday show that renewable energy sources generated a record amount of electricity in 2018, increasing by 11.8% over 2017 levels, led by a record year for wind energy generation which provided 17.1% of the UK’s electricity.

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.

IEA - Energy demand worldwide grew by 2.3% last year, its fastest pace this decade, an exceptional performance driven by a robust global economy and stronger heating and cooling needs in some regions.

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.

Brent crude oil spot prices averaged $64 per barrel (b) in February, up $5/b from January 2019 and about $1/b lower than at the same time last year.

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.

Brent crude oil spot prices averaged $59 per barrel (b) in January, up $2/b from December 2018 but $10/b lower than the average in January of last year.

AP - The expansion of the regional electricity grid cannot be undertaken without foreign investment, thus presenting a lucrative win-win opportunity for foreign investors. Numbers by the International Energy Agency (IEA) indicate that the region would require US$1.2 trillion in investments between now and 2040 in order to modernise and expand its electricity grids.