Highlights

Sharply rising PV module prices were one of the most notable developments in global solar markets in 2021. And while it dampened PV installations, with some projects delayed or canceled, the higher prices may point to a future where robust and stable demand leads to more sustainable pricing trends.

Serbia is responding to European pressure to accelerate its energy transition to cleaner fuels by allocating €12 billion for wind, PV and hydropower facilities over the next two years. Thus far, there has been little in the way of development in the country, but some regulatory frameworks have been improved.

The EU’s Sustainable Taxonomy was intended to complement the Green Deal, provide investors with certainty about the sustainability of their investments, and help channel billions into sustainable, low-carbon processes and technologies. Despite input from experts and NGOs, the inclusion of gas and nuclear power just proposed by the Commission suggests that, once again, politics is trumping science.

The newly installed PV capacity for the first 11 months of 2021 reached 4,844MW.

According to the Iranian authorities, there are currently more than 80GW of renewable energy projects that were submitted by private investors for review.

Huaneng Power International has switched on a 320 MW floating PV array in China’s Shandong province. It deployed the plant in two phases on a reservoir near its 2.65 GW Dezhou thermal power station.

It’s what Google calls its “biggest sustainability moonshot yet” – 24/7 hourly matching – a new granular phase of renewable energy sourcing. The pursuit of 24/7 moves beyond buying enough renewable energy to match annual consumption, to matching consumption every hour of every day. Some say 24/7 matching could push up the price of renewables, but others say 24/7 is the only way to drive home decarbonization, minimize greenwashing, and create a truly net-zero energy system.

The French energy giant will build the facility near Iquitos, the largest metropolis in the Peruvian Amazon.

New South Wales-based development company Greenspot has lodged a planning application for a massive 500 MW/1,000 MWh battery energy storage system to be built at the site of the shuttered coal-fired Wallerawang Power Station near Lithgow in the Central Tablelands.

The national goals set by European countries two years ago already look hopelessly out of date thanks to the global PV boom. The Euro trade association for the industry has called for ambitions to be radically scaled up in 2023 if the world is to have any chance of capping temperature rises at 1.5C.