Johannesburg-based bank Absa Group Ltd (JSE:ABG) has joined forces with clean energy solutions provider African Rainbow Energy and Power (AREP) to create a new African-led renewables investment platform with some ZAR 6.5 billion (USD 443m/EUR 377m) of gross assets. The bank said it would make an initial investment of ZAR 500 million in cash, and […]
Japan steps up renewables investment to beat 2030 target
Japan will invest more than $100bn in wind and solar generation before 2030, according to analyst firm Wood Mackenzie. In its most recent Strategic Energy Plan, the country aimed to generate 22%-24% of its electricity from renewable sources. However, this new rate of investment would push its renewable generation to 27%. In 2019, the country […]
US overtakes China as most attractive country for renewables investment: research
US growth was largely due to a short-term extension of a production tax credit for wind projects and plans to invest $57 billion to install up to 30 gigawatts (GW) of offshore wind by 2030, the report said LONDON: The United States has overtaken China as the most attractive country in the world for renewables […]
