Corporate renewable power purchase agreements (PPAs) in Australia are set to reach record levels this year, with governments and business investing AUD$2.4 billion (US$1.78 billion) and buying more than 1GW of green energy.
Californian energy tech developer BrightNight and Canadian clean energy company Cordelio have formed a joint venture that will see the latter expand its operations in the US with the help of the former’s planned projects.
Annual global investments in green hydrogen are on track to exceed US$1 billion by 2023 as production costs fall and governments increase their support for the technology.
Solar will likely play a major role in achieving Japan’s policy goal of reducing greenhouse gas (GHG) emissions to zero by 2050 and could reach 130GW to 160GW in cumulative deployments by the 2030 financial year.
Around 1GW of solar projects are to be developed by Better Energy in Denmark and Poland after the renewables company secured what it describes as a “historic agreement” with a Danish pension fund.
Energy storage systems were historically used for grid balancing purposes within Europe, limiting their use to such applications or to be considered as “auxiliaries” to renewable generation assets. However, as market prices evolve and new revenue streams emerge, stakeholders must discover the diverse applications that such systems can tap into, writes Naim El Chami
A massive renewables scale up by China to help it achieve its recently announced carbon neutrality pledge could see the country reach 4.2TW of solar capacity by 2050, a new study from BloombergNEF says.
Chinese EPC TBEA New Energy has debuted a new flexible mounting structure designed for use in rugged terrains at a 300MW project on a former open-pit coal mine in China.
