As of today, less than 10% of the necessary solar and wind power needed for a 2050 global net zero scenario exists, whilst global electricity generation will need to more than triple to 80,000TWh, according to the 2022 BloombergNEF (BNEF) New Energy Outlook.
Renewables company CWP Global has signed a memorandum of understanding with the Government of Djibouti to develop a 10GW renewable and green hydrogen hub in Djibouti.
Solar PV capacity is expected to almost treble over the 2022-2027 period, growing by 1.5TW and will surpass coal as the largest source of power capacity worldwide, according to a report from the IEA.
US Secretary of The Interior Deb Haaland has announced plans to expand solar deployment on public lands across the west of the country, including three major solar projects in Arizona representing just under 1GW of capacity.
Amazon has expanded its renewable energy presence in India with two solar-wind hybrid projects to be developed in partnership with Vibrant Energy, a subsidiary of Macquarie Green Investment Group.
Curtailment remains the most talked-about subject in Vietnamese solar, but potential solutions such as foreign investment in transmission and grid-based energy storage are being held back.
D.E. Shaw Renewable Investments (DESRI), the US renewable energy developer, has signed a 200MW power purchase agreement (PPA) with tech and social media titan Meta for power produced at the Long Lake solar project in Arkansas.
The Australian Energy Market Operator (AEMO) has released its roadmap to reaching 100% renewable generation in the Australian National Electricity Market (NEM) by 2025.
