Germany, leading the charge, is expected to achieve a record high in total solar PV capacity, while other emerging markets like Poland and the Netherlands are also experiencing considerable growth, predominantly due to the increasing popularity of rooftop installations.

Austrian hydropower utility Verbund said on Monday it had acquired a portfolio of renewable energy assets in Spain from local private equity fund Q-Energy for an undisclosed sum.

Egypt’s Suez Canal Economic Zone signed an agreement worth $3 billion to produce up to 350,000 tonnes of green energy for fueling ships in Ain Sokhna with a consortium that includes EDF Renewables and the Egyptian sovereign wealth fund, the cabinet said on Wednesday.

Sarawak Shell Berhad (SSB), a subsidiary of Royal Dutch Shell, has taken a final investment decision (FID) on the Timi gas development project located off Malaysia.

The New and Renewable Energy Authority (NREA) is studying requests to build power plants at a total capacity of 6.34GW, of which 2.75GW projects are by the private sector.