The European Union (EU) should set higher solar PV deployment targets and speed up the energy transition to phase out its energy dependency on Russia as soon as possible, according to five member states of the bloc.
Germany’s government is planning to slash red tape for new renewables projects as part of a new package of measures that will see the country’s already ambitious solar deployment targets be raised even further.
Germany is set to rapidly accelerate solar and wind deployment as it brings forward plans for renewables to account for all the country’s electricity needs by 2035.
France will aim to have more than 100GW of installed solar PV capacity by 2050, President Emmanuel Macron announced on Thursday as part of a new energy strategy that will see the country double down on building new nuclear plants.
The Spanish region of Catalonia will need to have at least 7GW of solar PV installed by 2030 to put it on track to achieving a decarbonised electricity system and energy independence by mid-century.
Global investment in renewables rose to new heights in 2021 as solar and wind deployment surged, but total energy transition expenditure needs to triple in the coming years to get on track for net zero, according to new research from BloombergNEF.
Italian utility Enel will invest around €70 billion (US$78 billion) by 2030 to scale up its renewables and energy storage portfolio as it brings forward plans to reach net zero to 2040.
India installed around 8,811MW of solar between January and September 2021, a 280% increase on the same period of 2020, according to JMK Research & Analytics.
The Cabinet of Japan’s government has approved a plan to raise the national target for renewable energy in the electricity generation mix to between 36% and 38% by 2030.
Calling for a three-fold increase in renewables investment in the next decade, the International Energy Agency’s (IEA) latest edition of its World Energy Outlook, published today, has been largely welcomed by analysts and industry observers, who are urging world leaders to respond accordingly at the COP26 Climate Change Conference.
