Solar and wind power reached a record 10% of global electricity in 2021. That milestone has now been reached by 50 countries across the world including all five of the world’s largest economies, although power sector emissions have reached an all-time high, according to energy thinktank Ember.
Nextracker has been selected to supply its smart solar trackers and TrueCapture technology for the first phase of a 450MW PV project in Sudair, Saudi Arabia, which Nextracker said was the country’s largest solar plant currently under construction.
Japanese investment firm Mitsui has invested €575 million (US$631.56 million) in common shares from renewable developer Mainstream Renewable Power, bringing its valuation to €2.1 billion after the transaction.
Lightsource bp has announced a multi-year, global partnership with Singapore Artificial Intelligence and Internet of Things (AIoT) software company Envision Digital to accelerate the growth and optimisation of its solar power assets.
Ahead of a special webinar held next month, Finlay Colville, head of market research at PV Tech, discusses the key trends affecting the PV industry today, from technology leadership, value chain scale and overall financial health of today’s manufacturers.
African energy company Chariot and French renewables developer Total Eren have again teamed up to develop a solar PV project that will be used to offset emissions from mining operations in southern Africa.
The war in Ukraine will “turbocharge” the global green hydrogen sector as the cost of alternatives soar by more than 70% and Europe seeks to reduce its reliance on Russian gas with a series a financial packages, according to Rystad Energy.
Renewable energy companies globally are at risk of a talent exodus to outside industries as professionals consider alternative sectors to boost their careers prospect, a new report has suggested.
While still nascent, green hydrogen can take off as a fuel source and energy storage system if it is afforded the support, regulatory environment and financial backing it deserves, Hive Energy’s Shirvine Zhang tells Sean Rai-Roche.
The drive to electrify Sub-Saharan Africa will require US$350 billion of investment and could reveal an alternative vision for the energy transition that focuses on a decentralised, bottom-up solar-and-storage rich grid that takes advantage of cheap solar power, according to research firm Wood Mackenzie.
