Portugal has launched its first auction for the right to install floating solar parks on the waters of seven of the country's dams, with a total production capacity of 263 megawatts.
Rising prices of commodities needed for renewable energy will increase the costs of setting up new green power projects, but this will be balanced by better access to funds and economies of scale, policy advisers and an investor said.
EDP Renewables (EDPR) has bought a majority stake in Southeast Asian renewables firm Sunseap Group, in a deal that values the company at S$1.1 billion ($816 million) and helps accelerate EDPR's growth in Asia.
Spain's Naturgy Energy Group and investment fund Plenium Partners are planning to team up to buy Spanish renewable energy firm Eolia, newspaper Expansion reported on Wednesday, citing unidentified market sources.
Colombia has awarded 11 new large-scale solar projects expected to bring investment of some 3.3 trillion pesos ($875 million) and enter operation in early 2023, the government said, as part of its efforts to promote use of renewable energy.