Solar PV and wind are now the cheapest power sources globally, with hybrid systems increasingly delivering 24/7 electricity at fossil-competitive costs, according to an IRENA report.
Masdar has signed an agreement with Emirates Water and Electricity Company (EWEC) to accelerate the deployment of more than 30GW of solar PV capacity and over 8GW of battery storage in the UAE.
The Dutch government is planning to introduce a feed-in-tariff that will require large electricity producers to pay towards the cost of the electricity grid.