renewable energy target

Renewable Energy Target auction held in Victoria, Australia, won by six solar PV projects, four of which include battery storage.

Queensland gets about 21% of its energy from renewables, but the state government has just set an increased target of 70% renewables by 2032.

South Korea is planning to change its renewables targets as part of a host of energy policies from the country’s new government, which aims to increase the role of nuclear power.

Rhode Island’s governor signed legislation yesterday that will require 100% of the US state’s electricity to be offset by renewable production by 2033.

Energy giant Statkraft intends to develop 4GW of onshore renewables each year by 2030, an acceleration of its previous 2025 target of 2.5GW - 3GW.

India’s renewable capacity now stands at 109.9GW as of the end of March, with solar accounting for 53.4GW (47%), while another 72GW of solar is either in the pipeline or at bidding phase, according to JMK Research.

The world added record amounts of renewable energy last year with 295GW of capacity deployed, up 6% year-on-year, despite supply chain constraints, project delays and high commodity prices, according to the International Energy Agency (IEA), which also expects nearly 320GW to be deployed this year.  

Italian energy company Edison has sold a 49% stake in its renewables division to Crédit Agricole Assurances (CAA) to accelerate its growth plan that aims to deploy 4GW of solar PV and wind by 2030

Hawaiian Electric has said it will reduce its carbon emissions from power generation by 70% by 2030 in a plan that seeks to add 50,000 rooftop solar systems and 1GW of renewables to the utility’s generation capacity

Spanish oil and gas major Repsol has increased its renewable energy target from 5.2GW to 6GW and its Low Carbon generation objective from 7.5GW to 8.3 GW by 2025 after posting strong financial results for Q2 which saw the company largely return to pre-pandemic levels