irena

An IRENA report into the cost of producing power has found that the levelised cost of electricity in the solar PV sector fell by 3% in 2022.

The International Renewable Energy Agency has called for the world to add 551GW of solar capacity per year by 2030.

Masdar has reached financial close on three PV facilities in Uzbekistan with a combined capacity of approximately 877MW.

IRENA believed that yearly investments must more than quadruple to over US$5 trillion to stay on the 1.5°C pathway.

IRENA said a total of 192GW of solar capacity was installed in 2022, up 22% yoy.

Solar PV will lead the energy transition in Malaysia and could reach up to 153GW of installed capacity by 2050.

Solar PV will play a more important role in Nigeria’s power supply as it plans to meet the growing needs of all sectors of its economy through renewables. 

The Energy Transition Accelerator Financing Platform (ETAF) has gained three new partners this week at the United Nations COP27 conference in Egypt. The Asian Infrastructure Investment Bank (AIIB), Masdar and Swiss Re all signed partnerships on site in Sharm-El-Sheikh.

Nearly a third of all renewable technologies employment came from the solar PV industry in 2021, according to a new report from the IRENA.

The Association of Southeast Asian Nations (ASEAN) will deploy 241GW of solar PV by 2030, with the technology dominating new capacity additions.