News in Numbers

COP29 concluded with a global finance target of $300bn per year to support developing nations in addressing the impacts of climate change.

Offshore wind developer Ørsted’s shares plunged by up to 14% following Donald Trump’s victory in the US presidential election, while Vestas saw a decline of 11% and Nordex 7.6%.

Tata Power has signed an agreement with Druk Green Power to develop at least 5GW of clean energy generation capacity in Bhutan.

The Swedish government has rejected 13 applications for the construction of offshore wind farms in the Baltic Sea south of the Sea of Åland, citing defence interests.

The Biden-Harris administration has announced $30m in funding for the AI4IX programme, which aims to accelerate the interconnection of new energy projects to the power grid using advanced AI.