World Bank backs Morocco hydropower storage with $265m
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....
Tag : wind power
Global renewable capacity hits 4 448 GW in 2024 says IRENA
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...
OPEC Fund co-finances Africa’s largest onshore wind power project
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...
Germany shifts from electricity exporter to importer in 2024
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...
Shares of Siemens Energy nosedive 35 percent post government aid request
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...