The World Bank has approved $265 million to support Morocco’s Ifahsa Pumped Hydropower Storage Project, a 300-megawatt clean energy facility planned for the country’s north. The financing backs a major storage project designed to help...
Tag : wind power
Record-breaking annual growth in renewable power capacity in 2024 has been confirmed by the International Renewable Energy Agency (IRENA) in its latest Renewable Capacity Statistics 2025 report. The report shows global renewable power capacity reaching...
The OPEC Fund for International Development (OPEC Fund) has announced its contribution of $30 million to co-finance Africa’s largest onshore wind power project. This initiative involves the construction of two wind farms, each with a...
In 2024, Germany transitioned from being a net exporter to a net importer of electricity, marking a significant shift in its energy landscape. This change is attributed to several factors, including increased domestic demand, reduced...
In a dramatic market response, Siemens Energy saw its shares plummet by 35% on Thursday, subsequent to its appeal to the German government for financial guarantees. This comes in the wake of the wind power...