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.
Canadian Solar has signed a 256MW module supply agreement with South African independent power producer (IPP) SOLA Group. The modules will supply what Canadian Solar has said will be South Africa’s two largest solar PV plants.
AMEA Power, the Middle Eastern renewable energy company, has closed financing on 1GW of renewable energy projects to be deployed in Egypt, constituting a 500MW solar PV plant and a 500MW wind farm.
Saudi Arabian energy developer ACWA Power and Badeel, a subsidiary of the Saudi Public Investment Fund (PIF) will partner to develop a 2,060MW solar PV project in the country's Makkah province.
With numerous markets reporting problems with overly optimistic P50 estimates, attention has also been drawn to similar issues with PAN files. TÜV Rheinland’s Yating Zhang and Christos Monokroussos discuss the subject at length.
Canada-based greenhouse gas emissions reduction company CarbonAI has signed a memorandum of understanding (MOU) with the Rural Electrification Agency (REA) of Nigeria to develop small-scale rural solar projects across the country.
The Asian Infrastructure Investment Bank (AIIB) has joined a partnership agreement with the Egyptian government, expected to mobilise US$10 billion in investments to deploy 10GW of solar and wind by 2028.
Subsidiaries of Abu Dhabi Ports Group and TotalEnergies have today agreed to explore distributed solar PV opportunities in the United Arab Emirates (UAE).
