Covid-19

Wood Mackenzie has predicted solar equipment cost increases will ease back after last year saw the average cost of solar electricity rise for the first time in the Asia-Pacific region.

The Baltic state has offered energy-intensive, international-facing industries up to an 85% discount on a surcharge levied on electricity consumers since May 2017 and made the scheme wider ranging this year, in a move approved by the European Commission.

Advances in solar power and other clean energy technologies have failed to keep up with demand for electricity as economies rebound from the Covid crisis and China and India’s fossil fuel appetite will ensure the world stays well short of what is needed for a net zero 2050 for at least the next three years.

A news article published on Friday stated 13 cases had been confirmed and a senior physician said the working hypothesis was that at least half of the 120 people who attended the event had been infected. pv magazine has contacted Scatec for an update.

Solar manufacturer Jolywood, which supplied almost 500 MW of its bifacial tunnel oxide passivated contact panels for Oman’s Ibri II facility, has claimed the power plant is the biggest to date to deploy the high-efficiency technology.

The latest edition of a clean power jobs survey produced by IRENA and the International Labour Organization has stressed the important role which will need to be played by the public sector if the energy transition’s employment benefits are to be shared equally.

The input costs of the two biggest contributors to solar plant development expense have gone through the roof since the world began to come out of Covid-19 lockdowns, to leave project developers with some difficult choices.

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.

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.