Solar, wind and energy storage will do much of the heavy lifting in decarbonising the energy sector, with fossil fuel assets left stranded, however time is running out to realise that shift and limit global warming.
US solar manufacturers can compete with Chinese companies for US PV projects given additional import costs and modules making up less than half a project's costs, while also ensuring a secure supply to the US market, lowering the carbon intensity of products and exploiting strong market demand, says Michael Parr, executive director of the Ultra-Low Carbon Solar Alliance (ULCSA).
Portugal will aim to increase the share of renewables in electricity production to 80% by 2026, four years earlier than previously planned, its new government announced ahead of the country’s latest solar auction.
Spain has sought to regulate the installation of floating solar PV on reservoirs in the country, issuing a list of requirements based largely on water quality.
Spain is to fast-track solar PV projects with generation capacities of up to 150MW as part of a suite of measures the country has enacted to help ease an energy crisis affecting the country.
Solar players in Europe have called for efforts to accelerate renewables deployment and unlock more corporate power purchase agreement (PPA) volumes in light of the European Union’s (EU) push for more energy independence following Russia’s invasion of Ukraine. Jules Scully hears from them directly.
SolarPower Europe has issued a list of eight actions that will help Europe accelerate solar deployment to reach a total capacity of 1TW by 2030 and reduce its reliance on Russian fossil fuels imports.
Pressure is mounting on the policymakers in the US to push through incentives to stimulate domestic clean energy manufacturing in the country after a turbulent week for US solar.
Australia’s 2022-23 Federal Budget has “missed the mark” when it comes to supporting the energy transition and has neglected investment in transmission infrastructure over investing in fossil fuels at a critical junction in Australia’s decarbonisation journey, said the Clean Energy Council (CEC).
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.
