irena

A report by IRENA and others has highlighted the need for yearly renewable energy deployments to almost double between now and 2030.

Representatives from the EU, IEA and IRENA have signed an open letter to deliver a 'just and equitable energy transition'.

According to a report from the International Renewable Energy Agency (IRENA), the global levelised cost of electricity (LCOE) for solar PV reached US$0.043/kWh in 2024.

Renewable electricity generation has grown more than twice as fast as total global electricity generation since 2012, according to the International Renewable Energy Agency (IRENA).

The world added 451.9GW of new solar capacity in 2024, accounting for three-quarters of all new renewable power capacity commissioned last year.

The deployment of grid infrastructure and energy storage is a key element to avoid delaying global energy transition, according to the International Renewable Energy Agency (IRENA).

The world will need to invest US$1.5 trillion per year until 2030 to meet the target of tripling clean power capacity by 2030.

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 global weighted average LCOE of utility-scale PV plants fell to US$0.044/kWh in 2023, a 12% year-on-year decline from 2022.

IRENA has found that the world’s renewable power capacity will need to increase by 16.4%, year-on-year, to meet the world’s climate targets.