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.
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.
After receiving record-low prices in both its previous solar auctions, Portugal is now aiming to support the development of floating PV projects through its next tender process. Pedro Amaral Jorge, CEO of Portuguese renewable energy association APREN, talks to PV Tech about the prospects for the country’s solar sector.
Solar electricity output in the US outpaced all other renewables and grew by nearly a quarter (24.3%) in the first three months of 2021 compared to last year, new data from the country’s Energy Information Administration (EIA) has shown
Trade association SolarPower Europe (SPE) has called on the European Union to increase the share of renewables in final energy demand to at least 45% by 2030, a move it says would put the bloc on track to deliver on the 1.5° Paris Agreement scenario.
Singapore’s recently unveiled Green Plan 2030 could kickstart the country’s emerging solar sector, according to a new report from analyst Fitch Solutions.
Australia’s electricity grid faces congestion and power security issues over the next few years as more solar energy capacity is installed at faster rates than previously expected.
With electricity consumption in Denmark expected to double in the next nine years, driven in part by the electrification of heating and transport, the country’s solar sector is hopeful that authorities will finance much-needed grid upgrades in a way that doesn’t stymie renewables deployment.
