Renewables are set to account for 70% of global investment in new power generation capacity this year with solar PV leading the growth, but spending on clean energy must accelerate much more rapidly if the world is to meet its climate goals.
Liam Stoker explores solar’s role within the International Energy Agency’s net zero roadmap, charting its prospective journey to more than 14.5TW of installed capacity, a global and highly-skilled workforce and trillions of dollars of invested capital.
BP has secured an agreement to acquire 9GW of US solar projects from developer 7X Energy, a deal it says represents “a significant step” towards the company’s target of growing its net developed renewables capacity to 20GW by 2025.
Renewable energy software company Clir Renewables has raised CAD$27 million (US$22.4 million) to grow its business operations in Europe and North America.
Financial commitments for utility-scale renewables projects in Australia have slowed to the lowest level in the past five years, according to the Clean Energy Council (CEC), which revealed investment in large-scale batteries in the country is booming.
Almost two thirds of people working in the solar industry expect to see double-digit sales growth this year, according to initial findings from a Global Solar Council survey.
Solar PV bidders picked up all the available 350MW of capacity in Greece’s latest renewables auction, which took place on 24 May and closed with lower prices than the country's previous tenders.
India installed just over 2GW of solar in Q1 2021 as the country rebounded from COVID-19 related delays, however full-year installs could fall to well below previous estimates, one forecast suggests.
Solar module manufacturer and developer Canadian Solar has launched a US$150 million fundraise to support its growth strategy and build out a substantial battery energy storage business.
