Renewable energy is indeed the future, according to Bloomberg New Energy Finance’s latest report, which forecasts technologies such as wind and solar to “dominate” the future of electricity by 2040, making up 48% of the world’s installed capacity and 34% of electricity generation.
UK alternative investment firm Ingenious has teamed with Australian developer Stellata Energy for a landmark joint venture to develop large-scale solar energy in Australia, including a flagship 120MW ground-mounted project.
With the Renewable Obligation Certificate (ROC) scheme for UK-based solar incentives finishing on 31 March 2017, the domestic sector once again showed its resilience by installing a healthy 640MW during Q1 2017.
Today’s surprise general election result of a hung parliament has led to increasing concern within the renewables industry that the government’s eagerly anticipated Clean Growth Plan (CGP) could be delayed once more.
This week's Movers & Shakers covers both expansions into new territories and new business ventures. A long-term member of the Nevada Public Utilities Commission resigns, while the SEIA gains two new board members. Also, GRID Alternatives and Washington DC launch a new solar training programme for low-income residents.
In this week's Movers & Shakers segment, PV Tech focuses in solar jobs in the US, with the UK's Lightsource embarking on its pilot expansion into North America, and Panasonic's Coronal Energy likewise strengthening its North American operations with new strategic leaders. An early-stage investor exits India's Azure Power and The Solar Foundation launches a new online career platform, in other news.
A joint investment of £240 million has been unveiled by the UK and Indian governments to encourage investment into India’s rapidly growing energy and renewables market and deepen trading ties between the two countries.
The UK will have to adhere to the European Union’s environmental and climate change-related policy if it is to have any future agreement with the trading bloc, according to the first EU response to the triggering of article 50.