Travel restrictions imposed by countries in response to the coronavirus pandemic have contribution to a slowdown in investment in rural electrification projects. Thomas Hillig examines the extent of the investment freeze and possible solutions to get capital flowing into much needed projects again
In this episode of the Solar Media Podcast, Liam Stoker and Andy Colthorpe take a deep dive into what Elon & Co. presented at Tesla’s Big Battery Day, assess what the recent spate of solar manufacturing expansion announcements mean for the sector, and discuss the current state of energy politics.
Global governments could divert massive amounts of public funds from cancelled, large-scale power generation projects, such as nuclear, towards solar and other renewables to deliver consumers more value for money.
Aided by falling production costs and policies encouraging a shift to green energy, renewables’ share of the global energy mix could soar from 5% in 2018 to almost 60% by 2050, BP has said in its latest energy outlook.
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.
Oil and gas majors moving aggressively into renewables must build and not buy their way in, or their contribution to global carbon reduction efforts will be significantly limited, RWE’s CFO Markus Krebber has said.
A round-up of product launches and other news stories from the show floor at the SNEC 2020 exhibition in Shanghai, China, featuring 600W+ panels, integrated storage solutions and decarbonisation commitments.