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.
Europe’s renewables sector stands well poised to deliver the huge scale of growth required to power a green hydrogen economy, but issues surrounding land and permitting will need to be tackled if the nascent sector is to fulfil its potential.
Renewables will stand alone as the only generation class to experience growth in 2020 as the COVID-19 pandemic delivers the most seismic shock to the power sector since the Great Depression.
One of the world's largest employers set to progress with renewable ambitions by installing 500MW on rooftops, another 500MW on land and adding 200MW of wind by 2021-22.
India's total solar PV deployment hit 25.21GW by the end of last year, according to figures supplied to parliament by the minister for new and renewable energy and power, R.K. Singh.
The European Bank for Reconstruction and Development (EBRD) will no longer finance thermal coal mining or coal-fired electricity generation and will focus instead on renewable energy as part of its new five-year decarbonisation energy strategy.
Martin Libra, Head of LATAM at Prothea, an independent advisory boutique providing advisory and asset management services in the renewable energy sector, explains the chances opening up in the Chilean wind and solar market, which can now be considered a pioneer in the grid parity trend that is currently developing in Southern Europe.
