News of Year:
-
Investment of US$35 trillion needed for energy transition by 2030
2023-04-23An average of 1TW of new renewables deployment annually is necessary to reach the world’s 1.5°C climate target by 2030, according to International Renewable Energy Agency (IRENA).In the World Energy Transitions Outlook 2023 preview, IRENA said that a -
Australian rooftop solar exceeded all other renewable energy sources in record summer
2023-04-23Distributed rooftop solar fulfilled 14% of Australia’s energy consumption this summer, a record level exceeding all other renewable sources and brown coal generation.According to Australia’s Clean Energy Council (CEC), rooftop PV produced 8,046GWh of -
South Africa to include floating and ground-mounted PV at waterworks infrastructure
2023-04-23The South African government has invited independent power producers (IPPs) to design, build, finance and operate across multiple locations in the country, procuring new electricity generation capacity from IPPs to reduce the ongoing and increasing e -
Brazil to unlock solar and wind with US$9.5 billion transmission investment
2023-04-19Brazil will invest BRL50 billion (US$9.5 billion) in new transmission lines and infrastructure to boost solar and wind deployments.Minister of mines and energy Alexandre Silveira announced the investment plan on Wednesday during the inauguration of a -
Solar dominated renewable energy capacity growth in 2022
2023-04-07Solar energy accounted for about 65% of global renewable energy capacity growth in 2022, according to a study conducted by the International Renewable Energy Agency (IRENA). IRENA’s Renewable Capacity Statistics 2023 showed that a total of 192GW of s -
Growing crops at solar farms can enhance panel performance and longevity
2023-03-30Growing commercial crops on solar farms could increase solar panel performance and longevity, according to a recent study conducted by Cornell University.The engineers at the university proved that solar panels mounted over vegetation had lower surfa -
EDP announces US$26 billion financial plan for 2026, eyeing 33GW of renewables
2023-03-29Portuguese utility EDP has announced its investment strategy for the coming years, establishing a €25 billion (US26.5 billion) plan to achieve 33GW of deployed renewables capacity by 2026.85% of the total investment plan will go towards renewables, w -
Solar PV and heat pumps can cut European household energy bills by 84%
2023-03-29Households in European countries could save up to 84% on their household bills by installing both solar PV and heat pumps compared to homes relying on gas heating, according to a recent study conducted by trade body SolarPower Europe. The report high -
IRA to grow US solar and storage manufacturing workforce to 115,000 by 2030
2023-03-28After the passing of the Inflation Reduction Act (IRA) into law, solar PV and storage are expected to create up to 115,000 manufacturing workers in the US by 2030.That is according to a paper from the trade body the Solar Energy Industries Associatio -
‘One quarter doesn’t mean a trend’: record Q4 investment, though positive, may not sustain Australian renewables
2023-03-28Q4 2022 saw a marked uptick in renewable energy investment in Australia, and a 17% total bump in year-on-year investment was recorded compared with 2021. Despite this, more is needed to reach the country’s Renewable Energy Targets according to the Au