Serbia to switch from FIT to feed-in premiums and auctions

With its feed-in tariff program set to expire at the end of the year, Serbia will be looking to introduce new mechanisms to support renewables in the form of feed-in premiums and auctions. The country’s PV uptake is still in its nascent stage however, with abundant regulatory obstacles still in place

RE employs 10.3 million people, solar PV leads charge with 3.4 million jobs – IRENA

According to figures released by the International Renewable Energy Agency (IRENA), there are more than 10 million people working in the renewable energy industry. In 2017 alone, the sector added more than 500,000 jobs globally, up 5.3 % from 2016, with solar PV the biggest employer.

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Lightsource BP, UK water utility partner for 10 solar farms

U.K.-based water company, Northumbrian Water has entered into a partnership with Lightsource BP for the development of 10 new solar farms at its sites, which are expected to generate 10 GWh of clean electricity each year to help power its operations.

Renewables penetration unbalanced across sectors, off-grid solar boosts access to electricity – report

According to a tracking report from five international agencies, the world is lagging behind its sustainable development goals for the period 2015-2030, although significant progress has been made in reducing electrification deficit in the least developed countries, and industrial energy efficiency. Off-grid solar solutions, meanwhile, are emerging as one of the key drivers of rural energy access.

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UK, India strengthen solar ties with new commitments

The governments of the U.K. and India have announced a new green fund, managed by Lightsource BP and the Everstone Group, which will see up to £500 million invested in green energy in India. The U.K. has also joined the Indian-led International Solar Alliance (ISA).

IRENA: Renewables can account for up to two-thirds of total energy use, and 85% of power generation by 2050

In the latest edition of its long-term renewable energy outlook, IRENA calls for at least six-fold deployment of renewables by 2050, compared to the levels set out in current plans. Investment in low-carbon technologies needs to grow by around 30% to US$120 trillion to enable the energy transition and avoid escalating stranded assets, the report finds.

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Shell readies for energy transition, reports low risk of stranded assets

Coming hot on the heels of its Sky report, which envisaged a very strong role for renewables, particularly solar, well before 2050, the Anglo-Dutch company has now released a new report on a strategy for the energy transition, seeking to reshape itself and contribute to society’s shift away from fossil fuels towards the objectives of the Paris Agreement.

Pakistan should turn to renewables for energy security – IRENA

With its growing population and rapidly increasing energy needs, Pakistan’s energy security is undermined by the overriding share of imported fossil fuels in its energy mix. But, by turning to its untapped, tremendous solar, wind and biomass potential, the South Asian country could spur social and economic development, while improving energy access, says IRENA.

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Solar outstrips fossil fuels in 2017 leading record renewables investment, report finds

A new report drafted by Bloomberg New Energy Finance (BNEF), the United Nations Environment Programme (UNEP), and the Frankfurt School-UNEP Collaborating Centre shows that global solar energy investments overshadowed all other forms of electricity generation in 2017. China is leading the pack of the world’s largest renewables investors, followed by Australia, Mexico and Sweden.

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IEA leads governments off the Paris Agreement track, report states

In a new report out today, Oil Change International and the Institute for Energy Economics and Financial Analysis (IEEFA) have taken the International Energy Agency (IEA) to task for misleading governments on climate policy through its energy forecasts.

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