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Covid-19

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.

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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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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.

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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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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Indian reliance on polycrystalline tech production leaves it trailing China

Polycrystalline PV technology, which is seeing its market share tumble on the global stage, still dominates India’s small solar manufacturing base and is emblematic of the R&D shortfalls in the sector, according to a survey of the state of the industry.

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Tracking rooftop solar trends in India

Simarpreet Singh, director at EPC firm Hartek Group, speaks to pv magazine about the impact of the Covid pandemic on India’s rooftop solar sector, technology trends shaping the market, and the outlook for 2021.

African Development Bank opens $50-60m pot for off-grid solar Covid recovery

The development lender has established a Covid-19 Off-Grid Recovery Platform with impact investors from the Netherlands, U.S. and U.K., to offer affordable loans to off-grid solar companies operating in Africa.

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Finnish solar manufacturer finally starts production in Vilnius

Valoe completed the 15-month purchase process of a 60 MW cell production line from Solitek in the spring and installed interdigitated back-contact production equipment. It hopes to begin deliveries in the next quarter.

Asian Development Bank provides more than $1bn finance for renewables power lines

The development lender has followed up a $600 million loan for distribution infrastructure in eastern Indonesia with a $430 million credit line for installations in India.

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