In Short : Global renewable energy investment reached USD 807 billion in 2024, driven by rapid growth in solar, wind, and battery storage projects. The surge reflects increasing government support, falling technology costs, and rising private-sector participation. Emerging markets contributed significantly to the expansion. The investment milestone highlights accelerating momentum toward clean energy systems and […]
Data Centers Power Up as Driving Force Behind Global Renewable Energy Surge – EQ
In Short : Data centers are set to become the world’s largest consumers of renewable energy, outpacing industries like steel. Tech giants such as Google, Microsoft, and Amazon have already contracted nearly 34 GW of clean power to meet growing AI and cloud demands. With increasing reliance on solar, wind, BESS, and nuclear, data centers […]
2024 Recap: Growatt Leads the Charge in Global Renewable Energy – EQ
Amid a global surge in solar power demand, Growatt is setting new benchmarks in renewable energy, with innovations tailored to meet the world’s rapidly evolving energy needs. The surging global adoption of photovoltaic (PV) systems has placed unprecedented demand on high-quality, reliable energy solutions. Growatt has risen to meet the challenge. Facing this escalating need, […]
Global renewable energy capacity may rise to 320GW in 2022: IEA – EQ Mag Pro
New capacity for generating electricity from renewable sources is set for another record in 2022, as governments around the globe seek security in renewable energy and its climate benefits, the International Energy Agency (IEA) said. Globally, new renewable power capacity rose 6 percent in 2021 to record 295 gigawatts, shaking off the rising cost of […]
ORIX Completes Acquisition of Global Renewable Energy Company Elawan Energy
Tokyo, Japan : ORIX Corporation (“ORIX”) today made public an announcement that it has completed its acquisition of Elawan Energy S.L. (Elawan), as originally announced on December 28, 2020*1. European subsidiary ORIX Corporation Europe N.V. successfully gained regulatory approvals to acquire 80% of Elawan’s issued shares, and becomes the majority shareholder in the business. Elawan […]
Orange signs renewable energy deal with ENGIE
Orange is joining forces with ENGIE, a developer of solar and wind power in France, to deliver a global renewable energy supply solution in the country. This will involve creating new solar energy production capacities, managing the production of all renewable electricity capacities contracted by Orange with other producers and supplying additional volumes to cater […]
Global renewable energy capacity grew 7.4 per cent in 2019, solar takes biggest share
Solar energy continued to lead capacity expansion, with an increase of 98 GW or an increase by 20 per cent, followed by wind energy with 59 GW. Hydropower capacity increased by 12 GW, and bioenergy by 6 GW New Delhi: The renewable generation capacity across the world increased by 176 gigawatt (GW) in 2019, up by 7.4 per cent, […]