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Covid-19

EU raises another €9bn for Covid recovery

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.

Is it time for the world to start thinking about 1.7C?

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.

EU to start auctioning green bonds next month

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.

International group offers $68m loans for struggling off-grid clean energy distributors

‘More than 90’ suppliers of appliances such as solar lanterns and home solar panels, as well as mini-grid installers, will be offered low-interest credit by an assortment of government-backed and privately-financed entities.

‘The chance to reset with a green recovery has now been lost’

Norwegian consultancy DNV today published the latest of its annual surveys of the state of the energy transition and lamented the fact so very little has been achieved during the last five years. We are forging ahead into a world that will be 2.3C hotter this century, predicts the report.

‘Polysilicon shortage will continue through 2021’

The latest global PV industry outlook published by trade group SolarPower Europe, has indicated tight supply of the solar panel raw material is expected to persist this year but the trade body said it would be unlikely to drive further price rises.

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Australia could add 4 GW of rooftop solar this year

The head of the nation’s Smart Energy Council told an event organized by the Global Solar Council, that landmark could be achieved even amid Covid-19 restrictions.

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Spain to devote €3.9bn of EU cash to ‘innovative renewables’

The investment has been planned as part of the nation’s recovery and resilience plan to access EU funds for its post-Covid economic stimulus package. The spending plans of Portugal and Greece have also been approved by the European Commission in the last 48 hours.

Universal electricity access by 2030 remains a distant dream

Energy efficiency, electrification of heating and transport, and the provision of clean cooking facilities are all going in the wrong direction as the Covid crisis deprived millions in sub-Saharan Africa of electricity use, according to a report by the IEA, IRENA, WHO, World Bank and UN Statistics Division.

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Dubai Solar Show will be held as part of World Expo

The trade show will be held from October 5-7 under the auspices of the Covid-delayed global trade fair.