Solar and wind power reached a record 10% of global electricity in 2021. That milestone has now been reached by 50 countries across the world including all five of the world’s largest economies, although power sector emissions have reached an all-time high, according to energy thinktank Ember.
acity must reach 5.2TW by the end of the decade in order to meet the 1.5°C Paris climate goal, according the International Renewable Energy Agency (IRENA) latest World Energy Transition Outlook.
European solar developers hit by rising module costs are scrapping tariffs secured in auctions and are instead looking to sign power purchase agreements (PPA), according to a speaker at today’s Large Scale Solar event.
Solar manufacturer Tongwei is forecasting for a six-fold increase in net profit for Q1 2022, highlighting the impact pricing spikes are having on upstream manufacturer fortunes.
Buy aluminium and steel when possible in order to accumulate stock and hedge against continued price rises for both. While the price of nickel has undergone a “short squeeze”, copper is likely to continue trading sideways in the near term and there is no immediate risk to silver supply.
Portugal will stop requiring environmental impact assessments for new solar projects with a capacity of under 50MW as part of government efforts to accelerate PV deployment.
Commercial and industrial (C&I) solar developer Altus Power has signed a major strategic partnership with Trammell Crow Company (TCC), one of the largest commercial real estate developers in the US, to bring Altus Power’s clean power solutions to TCC’s real estate projects.
US residential solar installer SunPower launched an upgraded version of its battery storage system, dubbed SunVault, claiming it can now provide whole-home backup in the event of power failure.
Europe can halve the amount of gas in its energy mix and reduce energy costs by €323 billion (US$356 billion) if it rapidly accelerates renewable deployment, according to a new report from energy technology group Wärtsilä.
US solar developers have issued a strong rebuke to the country’s Department of Commerce (DOC) after it launched an investigation into alleged circumvention of antidumping and countervailing duties.
