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UK added 545 MW of solar last year to hit 13.9 GW

The news comes on the day a private equity investor in the English North East announced plans to jointly develop a 1.4 GWp solar portfolio with Canadian Solar.

Beijing: China installed 48.2 GW of solar in 2020

With the nation almost doubling its new generation capacity figure for the year last month, the National Energy Administration is reportedly considering a joint solar and wind capacity target of 120 GW for this year.

Jenny Chase predicts up to 194 GW of solar this year

Falling module prices will help PV post another record year after an estimated 132 GW was installed worldwide in 2020, according to an energy transition investment trends report published by Bloomberg New Energy Finance.

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Chinese PV Industry Brief: Another 21 GW of module capacity and record PV growth for SPIC

Longi and Risen both announced plans to build up new module and cell manufacturing capacity. Furthermore, the State Power Investment Corporation (SPIC) has revealed it deployed more than 10 GW of solar power last year.

IFC says green recovery could drive $2.5tn renewables market this decade

The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.

Mitsubishi and Japanese university offer peer-to-peer trading alternative to FIT payments

Blockchain systems are being tested as a means of offering solar households revenue for excess power they generate, now the FIT program has ceased.

UAE says Mohammed bin Rashid solar park is powering aluminum production

A press release issued by utility DEWA and the state-owned metal manufacturer today implied production of solar-powered aluminum is already taking place.

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EU records annual rise of 7 TWh in third-quarter solar output

European renewables, including Spanish solar, made big gains as energy demand recovered before the second wave of Covid infections. Nuclear was a notable loser, in part because clean energy volumes in the north of the continent drove down power prices sufficiently to make reactors uncompetitive.

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Chinese PV Industry Brief: New planned IPO and more solar glass deals

Huawei has strengthened its technology partnership with Chint, while TBEA is planning an IPO for its polysilicon unit Xinte Energy. Furthermore, glass manufacturers keep acting to overcome current bottleneck.

Renewables cheaper than fossil fuel plants by 2030

A report by McKinsey & Company reinforces the widely-held view renewables will supplant fossil fuels in the energy system but also joins the chorus of voices warning the world is on track to fall well short of limiting global temperature rises this century to 1.5C.

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