Global renewable energy investment hit USD 807 billion in 2024
Record investment in renewables, but growth pace slows to 7.3% according to IRENA.
Record investment in renewables, but growth pace slows to 7.3% according to IRENA.
Spain will contribute €415 million to the European Hydrogen Bank’s “Auctions-as-a-Service” (AaaS) scheme to finance new domestic green hydrogen projects, and an additional €50 million for the EU’s first industrial heat decarbonization auction launching this Wednesday.
With more than €827 million in public investment, the EU-funded FEDER programme will support 133 storage projects totalling 10,000 MWh. Andalucía, Galicia and Castilla-La Mancha lead the allocation, while three companies capture more than 51% of total awarded capacity.
New financing mechanisms are opening opportunities for initiatives with traceability, social impact and strong technical viability. Consultants warn that the challenge will be designing proposals that multiply impact.
During the opening panel of FES Chile, Felipe Rivero, Product Manager at Huawei Digital Power, warned that the power system is becoming less robust as synchronous machines are replaced by inverter-based resources. The solution exists—grid forming—but no one is paying for it yet.
Over two days of keynotes, technology sessions, factory visits and immersive brand experiences, Tongwei and its partners explored how to align long-term climate goals with concrete, bankable PV solutions in markets around the world.