The world’s total solar capacity will reach 2,044GW by 2031, with China continuing to lead the way in deployment, making up nearly half (47%) of the world's 1,190GW net solar capacity additions through to 2031, according to research firm Fitch Solutions.
Brookfield Asset Management has raised US$15 billion as part of its Brookfield Global Transition Fund that will focus investments on the transition to a net zero carbon economy.
Australia’s solar sector is poised to accelerate deployment as the country’s new government vows to unlock renewables investment, upgrade the grid and bring federal policy more in line with states and territories.
The US’ Uyghur Forced Labor Prevention Act (UFLPA) has come into force today and assumes that any items “wholly or in part” made in China’s Xinjiang region are a product of the region’s alleged labour camps for ethnic minorities, meaning they are prohibited from entering the US.
Mexico has secured commitments from 17 US companies that will result in the development of 1,854MW of solar and wind, according to the office of President Andrés Manuel López Obrador.
Solar PV will lead new capacity additions in Africa, reaching a total installed capacity of 125GW by 2030, according to a report from the International Energy Agency (IEA).
