Off-grid solar specialist Sun King has raised US$260 million in a Series D funding round aimed to expand global access to affordable solar energy across Africa and Asia.
Global solar installations are expected to increase five-fold, making up nearly half of all power generation by 2050 as renewables become the “new baseload”.
As the world leans on solar PV to decarbonise its power supply, so to must the solar industry clean up its act. Jules Scully charts the industry-wide efforts for a greener solar PV industry.
Tech major Amazon has added 37 new renewable energy projects around the world, with a total of 3.5GW of additional power to its already 12.2GW portfolio of renewable energy.
Technical advisory TÜV Rheinland has issued its first green hydrogen and green ammonia certification globally to Green Hydrogen & Chemicals, a joint venture between solar developer ACME Group and renewable company Scatec.
Total corporate funding of solar fell by 7% year-on-year to US$7.5 billion in Q1 2022, with Mercom Capital warning of “significant headwinds” that could slow momentum considerably.
The sixth bidding round of South Africa’s Renewable Energy Independent Power Producers Procurement Programme (REIPPPP) has opened for interested parties.
Governments must ensure that their energy security policies are compatible with net-zero scenarios mapped out by the International Energy Agency (IEA) or the Intergovernmental Panel on Climate Change (IPCC), according to the UN’s Environment Programme (UNEP).
Solar project sites with meaningful terrain variance are becoming the norm. Nextracker’s latest innovation in single-axis tracking mitigates the cost and schedule risk associated with deploying projects on challenging terrain.
Solar, wind and energy storage will do much of the heavy lifting in decarbonising the energy sector, with fossil fuel assets left stranded, however time is running out to realise that shift and limit global warming.
