energy transition

The US added a record 49GW of new solar capacity in 2024, according to figures from the BCSE and Bloomberg New Energy Finance.

DP Energy has sold permission to develop a 325MW solar project in Canada to the City of Medicine Hat in south-east Alberta.

Renewable energy is now a competitive alternative to fossil fuels, and more than 800 coal plants in smaller economies could be replaced by PV.

Solar will form the cornerstone of Indonesia’s renewable power sector, according to forecasts made by think tank Ember Climate.

DNV's report shows that 2024 is a landmark year, but the energy transition still faces financial and political headwinds.

According to IRENA, the renewable energy employed 16.2 million people in 2023, of which 7.1 million jobs were in the solar PV industry.

The World Bank has committed US$1.5 billion to support India’s renewable energy transition, including new renewable power generation capacity.

Eurelectric reports that, in the first half of the year, renewable energy accounted for more than half of Europe's power supply.

US analyst Lazard notes that renewable energy technologies continue to have some of the lowest LCOE figures in the US.

A report from Ember Climate notes that wind and solar generation in the EU have cut fossil fuel generation by one-fifth between 2019 and 2023.