global solar

The Global Solar Council announced that it will launch the International Solar Finance Group at the COP29 conference in Baku, Azerbaijan

Global renewables capacity will reach 7.3TW by 2028 under existing policies and market conditions, according to the IEA.

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

Global investment in solar in the first half of 2023 increased by 43% year-on-year (YoY) to reach US$239 billion, but renewable energy investment was still far below the required amount to reach the net zero goal by 2050.

Latest review comes to underscore once more the industry’s solid year prior to the chaos brought about by COVID-19, with Spain, Vietnam and Ukraine joining usual names on top-ten.

Mercom: Funding announcements for large-scale double to US$5.68bn in first quarter compared to Q1 2018 while actual financing grows 10% to US$2.8bn.