Think tank warns in pre-budget submission paper that government agency – which has no funding beyond 2021-2022 – will run out of money for new projects by mid-2020.
New PV and wind could outcompete most existing fossil fuel capacity by 2025, outfit predicts as it lays out timetable for the 5.8GW renewable project backlog it amassed last year.
Owners of PV firm could spend decades in prison after still-ongoing criminal case found investors including Warren Buffett’s Berkshire were ‘duped’ of US$1bn to fund ‘lavish’ lifestyle.
Deal to sell 74% stake to Mumbai-based financial services group Edelweiss will pave way for ‘partnership’ where Engie will continue running solar assets on buyer’s behalf.
Oil major’s deal with ACS Group to amass massive pipeline in Spain marks the latest boost for the country, said by regulators to have nearly doubled PV capacity in a single year.
Switching to full renewables by 2050 in line with climate goals would see global solar create 22 million of a total 35 million new energy sector jobs, with batteries employing 4.5 million.
Current pipeline lies at such advanced stages that 3.6GWac of PV and wind could be commissioned nation-wide after 2019’s market lows, say Rystad Energy consultants.
PV might have only seen 30.22GW added throughout 2019 but ‘year-end rally’ hinted at by latest NEA figures may indicate market will rebound more than expected in 2020, analysts say.
Industry association GÜNDER tells PV Tech it expects mix of large-scale tenders and net metering support for smaller systems will drive annual gigawatt-scale growth starting this year.
