energy transition

The US EIA has published its latest report, which predicts that, by 2050, India could dominate the world’s solar installations.

The levelised cost of energy for solar PV will drop to US$21/MWh by 2050, according to DNV's Energy Transition Outlook 2030.

The EU will now meet 42.5% of its energy demand with renewables by 2030, up from the 40% originally included in the REPowerEU scheme.

KGAL has signed a ten-year power purchase agreement with Edison to sell power generated from the former’s 150MW Tuscania solar project in Italy.

TotalEnergies has signed a PPA with Saint-Gobain to supply the latter with electricity from its Danish Fields solar farm in Texas.

British oil and gas major bp has started construction at its 187MWdc Peacock Solar project in southern Texas.

Encavis has reached the ready-to-build stage at its Ringkøbing solar project in Denmark, which is expected to have a power capacity of 132MW.

RWE has started construction at a new solar PV project at its Hambach lignite mine, which will have a capacity of 8.4MWac.

State-owned UAE renewable energy company Masdar has signed an agreement with Ethiopia to build 500MW of new solar capacity in the country.