The PV project, near the agricultural town of Douglas, is expected to generate enough clean electricity to power 20,000 households.

The latest, seven-year investment attracted offers worth more than €100 billion from investors and means the European Union has already generated €54 billion of the €80 billion of bond proceeds it is aiming for this year, as part of its five-year, €800 billion NextGenerationEU support package.

A note issued by Norwegian analyst Rystad has hinted it may be time to consider abandoning the 1.5-degree average global temperature rise ceiling agreed upon in Paris six years ago, because the world will never be able to pump out enough solar panels in time.

AntaiSolar has secured a 400 MW contract from Ningxia Jiayang Energy and Longi has raised the prices of all its wafers. Elsewhere, GCL New Energy has announced the sale of another 198 MW of project capacity.

With renewable energy generation said to consume up to 95% less water than fossil-fuel fired power plants, solar could lead the way to a less stressed existence in mid century, according to researchers from Finland’s LUT.

With pressure mounting on the world’s governments to turn their back on the fossil fuel, China and peers in South East Asia, Europe and South Asia could help deliver a coal-free future at the COP26 climate summit planned in Glasgow in November.

With the Dabdaba/Al-Dibdibah solar field now having been combined with the Shagaya clean energy development, bids for the former’s EPC contract were reportedly received last week. It is unclear whether the facility will have a generation capacity of 1 GW, 1.5 GW or ‘up to 3 GW.’

A roadmap to rapid carbon emission reduction has suggested the nation add 2.4 GW of generation capacity next year as part of a 15 GW new-solar target this decade. The claims of solar-plus-storage should be ignored for now, according to a new policy document, because batteries will make PV less competitive with coal.

An independent third-party has approved the European Commission’s safeguards to ensure the projects in member states financed by €250 billion of green bonds over the next five years, will have genuine emission reduction credentials.

Rollercoaster stocks, unpredictable interest rates and continuing Covid chaos on global exchanges have apparently convinced the developer to invest in what it deems is a safer bet.