Developers will need to install the equivalent of "the world’s largest solar park roughly every day" by 2030 to support global net-zero emissions targets, according to a new report.
Xcel Energy has announced plans to double its renewables and battery storage capacity in Colorado by 2030, as the utility progresses with efforts to reach 100% carbon-free electricity generation across its service area by 2050.
EDP will focus on North America to ramp up its solar capacity in the next five years as part of a new strategic update that will see the Portuguese utility target more than 50GW of renewables additions by 2030.
Solar will likely play a major role in achieving Japan’s policy goal of reducing greenhouse gas (GHG) emissions to zero by 2050 and could reach 130GW to 160GW in cumulative deployments by the 2030 financial year.
Iberdrola is set to double its renewables capacity by 2025 through a €75 billion (US$88.9 billion) investment package that sees the Spanish utility seek to take advantage of the “global energy revolution” and reach carbon neutrality in ten years.
The European Parliament has voted in favour of a climate law that would raise emissions reduction targets and oblige EU member states to be carbon neutral by 2050.
China’s newly announced ambition to reach carbon neutrality by 2060 and peak carbon emissions before 2030 looks set to spur on investment in solar and battery storage technology, as the country diversifies its power mix away from coal.
Carbon neutrality, renewable target and PV rooftop pledges by new Conservative-Green alliance herald ‘solar decade’ of the 2020s, says EU PV body SolarPower Europe.