The amount of renewable energy that came in cheaper than the most competitive fossil fuel option doubled last year, according to new analysis from the International Renewable Energy Agency (IRENA).
Annual investment in solar and wind generation in the Asia Pacific region could double to US$1.3 trillion by 2030 compared to the previous decade, with policy targets and cost declines boosting growth, according to research firm Wood Mackenzie.
Major system-wide benefits are obtainable for European power producers that quickly replace coal with renewable energy, from avoiding fuel and carbon costs to new power export opportunities.
NextEnergy Capital Group (NEC) has raised an additional US$232 million for its international solar fund, as it targets PV projects in OECD countries such as the US, Portugal, Spain, Chile and Italy.
More than 100 organisations representing a variety of clean energy industries have written to the Biden administration urging it to enact a ten-year extension of the Investment Tax Credit
The floating solar-dedicated subsidiary of inverter manufacturer Sungrow expects both offshore areas and reservoirs to be key locations for future PV developments.
Plans for a green hydrogen hub in Australia that would feature 26GW of solar and wind have been rejected by the federal government due to the project's environmental impacts.
Retail giant IKEA and the Rockefeller Foundation have today announced the creation of a US$1 billion initiative to catalyse investments in distributed renewable energy (DRE).
