The solar and wind industries could benefit from a $6.4 trillion boom under the most ambitious of two scenarios described by Bloomberg New Energy Finance, and $2.4 trillion even in the business-as-usual outlook.
The £12.7 million project will explore how to transport pure and blended hydrogen for use in heating and industrial purposes. Construction will start next year.
Half of the EGP1.6 billion charge will be paid up front with the balance staggered over five years, pv magazine has learned.
Chinese giant has signed orders for more than 100,000 metric tons of poly to the end of 2023 in a further sign of confidence in the outlook for solar.
Guide to drawing up national green hydrogen strategies acknowledges the global hydrogen economy could fail to take shape if any of the world’s powers decide to stick with fossil fuels to gain a price advantage.
Big brands will have to put their money where there mouth is on carbon commitments, though, and the EU will have to put its shoulder to the wheel, particularly in respect of the commonly-heard call to dispense with red tape. The prize could be a call for 280 GW more renewables capacity by 2030.
The latest edition of the accountant’s renewables attractiveness index has placed the nation in top spot for photovoltaics, helping it to fourth spot for overall clean energy investment. Mexico has been hammered by the government’s attitude to clean power and France has also slipped, four places.
Analyst WoodMac says South Korea, Thailand and Vietnam will also join India and Australia next year, among the nations where clean energy projects are cheaper than new coal power plants.
The Italian energy business plans to spend €70 billion on clean energy this decade and also announced plans to invest in e-mobility and grid flexibility, in concert with outside investors.
Developers dodged more onerous supply-chain and carbon-footprint commitments in the results of a recent consultation exercise announced by BEIS but appear set to lose all Contracts for Difference top-up payments during periods of negative electricity prices.
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