The government of the western Canadian province has vowed to set clear timelines to develop solar and wind projects, so renewable energy accounts for 30% of the provincial energy mix by 2030.
Energy analysts at leading investment bank predict state of South Australia could easily beat aspirational target of 50% renewables by 2025, reaching 85% mark by 2020 and possibly as much as 95% by 2025.
A week that began on a Tesla high was largely able to maintain its positivity as good news stories from India, Canada and even the fossil fuel industry rolled in. Europe, however, pierced the optimism somewhat.
Move over Elon. Mercedes-Benz Energy Americas has entered the wide-open U.S. EV+storage market, cherry-picking former sonnen USA CEO Boris von Bormann to lead the charge.
As reported earlier this week, the Oil and Gas Climate Initiative (OGCI) is to invest $1 billion over the next ten years in the development and deployment of innovative low emissions technologies. Funds unlikely to find their way towards renewable industry.
The government is targeting 1.52GW of PV capacity additions through the middle of 2018, with cumulative installations to hit 20GW by 2025, according to EnergyTrend.
The South Asian countrys cumulative installed renewables capacity has reached 1.135 GW, according to local media outlets.
All federal government buildings will source their electricity from renewable energy sources within the next eight years.
Touted as a solar market to watch in the coming years, Irish politician Denis Naughten has poured cold water over hopes of further government support, suggesting subsidies could lead to excessive electricity bill increases.
The Germans battery maker plans to raise that amount from the sale of shares in the company on the Frankfurt Stock Exchange as it seeks to grow into the energy storage market.
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