Despite additional solar and wind contributing to a record reduction in global coal generation last year, new renewable energy projects are still not being built quickly enough to keep pace with rising electricity demand.
The US Department of Energy (DOE) has earmarked US$128 million to invest in research and development in a bid to bring the cost of utility-scale solar power down by 60% in 10 years.
German agriculture group BayWa is forecasting a significant revenue rise for its renewables unit this year, thanks to a strong project pipeline and growth in PV component trading.
Solar plants in the US produced 21.7% more electricity in January this year than they did in 2020, accounting for 2.4% of the country’s entire electricity mix.
Thin-film laser systems equipment supplier LPKF Laser & Electronics suffered from delays in receiving new expected orders from two long-stand customers last year.
Lightsource bp has been selected to build, own and operate seven solar arrays in Pennsylvania that will provide nearly half of the state government’s electricity.
Scatec has unveiled a NOK 100 billion (US$11.7 billion) plan that will see the company expand its renewables portfolio to 15GW over the next four years.
Independent power producer (IPP) Soltage and investment manager Harrison Street have formed a partnership to invest US$250 million in the former’s solar and energy storage project development pipeline.
