Solar parks with a total capacity of 2.3GW will be developed in Greece as part of a €5 billion (US$5.94 billion) roadmap to support the phase-out of coal generation by 2028.
US large-scale solar deployment stayed resilient throughout a pandemic-stricken Q2, but rooftop solar installs collapsed by nearly one-quarter as shelter-in-place orders dented activity.
German renewables developer BayWa r.e. has bought US-based solar and energy storage solutions provider Enable Energy, taking its pipeline of solar and wind projects in the Americas to more than 5GW.
The Australian Capital Territory (ACT) government has lauded the role large-scale batteries will play in the country’s energy transition, having supported projects which will see energy storage project deployed in the country.
NTPC, India’s largest power company, is aiming to add more than 5GW of new solar capacity in the next two years as it builds its renewables presence overseas thanks to a collaboration with the International Solar Alliance (ISA).
Solar will dominate the power generation alongside wind in the coming decades as electrification rapidly escalates, but the energy transition is occurring “nowhere near fast enough” to deliver change compliant with the Paris Agreement.
Solar and wind power represent a US$1 trillion investment opportunity in Asia Pacific this decade, equivalent to two-thirds of the region’s power generation sector, as countries move away from fossil fuel generation in favour of greener alternatives.
Queensland’s three state-owned energy corporations will be able to increase their ownership of commercial renewable projects thanks to a new AU$500 million (US$364.45 million) renewable energy fund announced yesterday.
Transporting green hydrogen produced using solar PV in North Africa could be up to 15% cheaper than producing it domestically in Italy, a new study compiled by think tank The European House – Ambrosetti and natural gas giant Snam has found.
