Global governments could divert massive amounts of public funds from cancelled, large-scale power generation projects, such as nuclear, towards solar and other renewables to deliver consumers more value for money.
The world will need to build five to six times as much solar and wind power per year as in 2019 if a carbon-zero economy is to be reached by the middle of the century, a study has said.
A round-up of the latest solar industry news from around the world, as Aquila picks up its first solar projects in Portugal, one of Europe’s hottest solar markets, and Dehui lays claim to being Vietnam’s first module manufacturer to produce next-generation panels.
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).
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.
Driven by declining module costs, solar was by far the world’s leading power-generating technology installed in 2019, making up 45% of new capacity, according to BloombergNEF.
Module manufacturer JinkoSolar and EPC Shanghai Electric have reached a strategic partnership agreement as they look to jointly contribute to the development of the global solar market.
Solar and wind generated a record 9.8% of global electricity during the first six months of 2020, but further gains are needed if Paris Agreement targets are to be met, a new report has said.
Global corporate funding for solar projects in the first half of 2020 was US$4.5 billion, a 25% drop year-over-year, according to a report from Mercom Capital Group.
