Solar PV and wind are now the cheapest power sources globally, with hybrid systems increasingly delivering 24/7 electricity at fossil-competitive costs, according to an IRENA report.
Masdar has signed an agreement with Emirates Water and Electricity Company (EWEC) to accelerate the deployment of more than 30GW of solar PV capacity and over 8GW of battery storage in the UAE.
Solex Energy has signed an MoU with the Government of Gujarat to establish a 5GW solar cell manufacturing facility alongside a 10GW energy storage plant in the state.