News in Numbers

Italian transmission system operator Terna has announced plans to invest more than $22.2bn in Italy’s energy grid over a period of ten years.

KKR has divested its 50% stake in Spanish renewable energy company X-ELIO to Brookfield Renewable, granting it a 100% stake in the firm.

ACEN Australia has opened Stage I of the 720MW New England Solar project in New South Wales, Australia.

Egyptian-Emirati energy company Infinity Power has acquired a 100% stake in Lekela Power, adding 1GW of renewable capacity to its portfolio.

The UK government has earmarked $248m for the fifth annual flagship Contracts for Difference renewables auction in its Spring Budget.