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Renewable energy funding

‘Peace’ renewable energy credit scheme launched for vulnerable countries

The Peace Renewable Energy Credit (P-REC) scheme offers a novel approach for electrification in countries in Africa at risk of conflict or other vulnerabilities.
NSW solar

NSW announces first hydrogen storage, new solar/storage plants

The Australian state of New South Wales has announced seven new energy projects to help improve energy affordability across the region, including the first state-owned hydrogen storage system
NYSERDA renewable

NYSERDA announces 21 renewables projects to boost affordable energy

New York governor Andrew M. Cuomo has unveiled the details of the awards for 21 large-scale solar, wind, and energy storage projects across upstate New York, totalling 1,278MW of new renewable capacity.
renewable subsidy

China slashes solar, offshore wind subsidies by half

China’s National Energy Administration has confirmed the slashing of solar subsidies, halving the total budget allocation for solar power project subsidies.
Dutch renewables

Dutch government doubles renewable subsidy funding for 2020

The Dutch government has announced the doubling of its planned budget for the country's renewable energy subsidy programme to €4 billion ($4.5 billion) in 2020, as part of its efforts to cut greenhouse gas emissions by 25% by the end of the year.
Spain wind power

US offshore renewables get biggest budget boost to-date

US President Donald Trump has proposed the largest budget allocation for offshore renewable energy in the US to-date.

US remains on China’s heels in the race to sustainability

Overall renewable energy capacity investment figures for 2019 saw wind (onshore and offshore) beat solar on with $138.2 billion globally

China announces a massive drop in renewables subsidisation

Chin’s Finance Minister has announced that subsidisation of renewable energy will be reduced by as much as a third in 2020.
Solaria Canadian Solar

Spain’s Balearic Islands get solar funding spike

IDAE has announced that 55 solar projects, totalling 326 MW, have qualified for funding under the first round of the SOLBAL programme
France wave energy

EU funding sees Minesto and EDF dive into wave energy in France

Minesto have received approximately €2.4 million EU funding to develop a tidal energy site in France.