energy transition

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.

Tigo Energy uses its ‘Predict+’ model to forecast electricity generation, as the growth in distributed energy creates a data deluge.

US companies have announced more than 100,000 jobs in clean energy manufacturing since the passage of the Inflation Reduction Act (IRA).

Nextracker has announced that the manufacturing of its NX Horizon trackers produces a 35% smaller carbon footprint than other processes.

DNV forecasts that China will more than quintuple its renewable energy installations by 2050 in its latest report.

The monetary environment over the next couple of decades is expected to remain much tighter than the "zero era" between 2009 and 2022.