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.

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.

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.

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.

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.

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

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

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.

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.

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.