Solar PV and other renewables account for more than a third of electricity generation in Australia’s National Energy Market (NEM) in Q1 2022, coal’s share slipping by five percentage points year-on-year.
The world added record amounts of renewable energy last year with 295GW of capacity deployed, up 6% year-on-year, despite supply chain constraints, project delays and high commodity prices, according to the International Energy Agency (IEA), which also expects nearly 320GW to be deployed this year.
Investment management firm Axium Infrastructure has acquired Boston-based solar and energy storage developer BlueWave, its first acquisition of a renewables developer.
The global solar community has called for “robust and fast policies” alongside increased international cooperation to accelerate PV deployment and the energy transition.
The European Commission will next week set out plans to more than double the continent’s installed solar capacity by 2028, according to a draft of the bloc’s REPowerEU plan seen by PV Tech.
