BP has set lofty targets for its renewables ambitions, backing bifaciality and merchant revenue strategies to provide major boosts as it targets 50GW of renewable capacity by 2030.
US large-scale solar deployment stayed resilient throughout a pandemic-stricken Q2, but rooftop solar installs collapsed by nearly one-quarter as shelter-in-place orders dented activity.
NTPC, India’s largest power company, is aiming to add more than 5GW of new solar capacity in the next two years as it builds its renewables presence overseas thanks to a collaboration with the International Solar Alliance (ISA).
Solar will dominate the power generation alongside wind in the coming decades as electrification rapidly escalates, but the energy transition is occurring “nowhere near fast enough” to deliver change compliant with the Paris Agreement.
UK solar investor Foresight Solar Fund has agreed a €20 million deal to acquire a 26.1MW solar project in Spain, the company’s first in the country and its first ever subsidy-free solar investment.
A round-up of the latest news from the US, where DTE Energy plans a major solar expansion, Duke publishes its latest IRP and EDP Renováveis divests a majority stake in 563MW of renewable projects.
Mainstream Renewable Power has reached financial close for the second phase of its 1.3GW Andes Renovables wind and solar power generation platform in Chile.
Driven by declining module costs, solar was by far the world’s leading power-generating technology installed in 2019, making up 45% of new capacity, according to BloombergNEF.
