The European Union (EU) has raised its 2030 emissions reduction target by 15 percentage points after solid levels of renewable energy deployment mean the bloc is on track surpass its previous goal.
Lithuanian state-owned energy company Ignitis Group has signed an agreement to acquire solar parks in Poland with a total capacity of up to 170MW from developer Sun Investment Group (SIG).
The renewable energy arm of Greek utility Public Power Corporation (PPC) is looking to increase collaborations with major solar industry players to fast-track its aim of installing 2.3GW of PV parks.
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.
BP has set lofty targets for its renewables ambitions, backing bifaciality and merchant revenue strategies to provide major boosts as it targets 50GW of renewable capacity by 2030.
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.
Trina Solar has taken full control of Spanish tracker system manufacturer Nclave, acquiring the remaining 49% stake in the company it did not already own.
The solar supply chain will have to markedly adapt and change current solar shipping practices and overhaul utility-scale solar design models to accommodate next generation panels, industry stakeholders have said.
Solarpack increased its H1 operating revenues nearly three-fold (191%) year-on-year to €78.84 million (US$93.64 million), thanks in part to the commissioning of PV projects in Spain, Chile and India.
Aided by falling production costs and policies encouraging a shift to green energy, renewables’ share of the global energy mix could soar from 5% in 2018 to almost 60% by 2050, BP has said in its latest energy outlook.
