Global capital investment on renewables is expected to return to pre-pandemic levels in 2021, with solar PV set to account for the majority of clean energy capacity additions in the next five years, according to IHS Markit Energy Advisory Service.
Hit by grid connection challenges, large-scale renewable energy projects committed in Australia in the second quarter of 2020 were at their lowest level since 2017, according to new data from the Clean Energy Council.
In this week's Movers & Shakers, PV Tech reports on employment happenings across the globe in Europe, the US and the Middle East. ACWA Power creates a new clean energy division, the executive director of the IEA wins a prize and 8minutenergy's general counsel is appointed to the US Department of Commerce's Renewable Energy and Efficiency Advisory Committee (REEEAC).
The World Bank Group today signed an agreement with the International Solar Alliance (ISA), which was formed at the COP21 Paris summit last year, and is comprised of 121 countries led by India, to partner on scaling up solar energy use globally, with the goal of mobilising US$1 trillion in investments by 2030.