Big brands will have to put their money where there mouth is on carbon commitments, though, and the EU will have to put its shoulder to the wheel, particularly in respect of the commonly-heard call to dispense with red tape. The prize could be a call for 280 GW more renewables capacity by 2030.
Western Australian utility Horizon Power will build the nation’s first remote microgrid using renewable hydrogen generation at Denham, in the state’s northwest, having secured the support of the Australian Renewable Energy Agency (ARENA).
Low-cost batteries and novel perovskite materials are among the topics selected for joint research and development.
Analyst WoodMac says South Korea, Thailand and Vietnam will also join India and Australia next year, among the nations where clean energy projects are cheaper than new coal power plants.
The Italian energy business plans to spend €70 billion on clean energy this decade and also announced plans to invest in e-mobility and grid flexibility, in concert with outside investors.
The in-country analyst has revised up its expectation for this year and says a healthy unsubsidized project pipeline will keep the numbers ticking over in 2021. The spending plans necessary to ramp up renewables targets in the next five-year plan, though, could put the nation on a collision course with the EU.
The Japanese tech giant and German power company have followed the lead of General Electric by promising not to take on any new coal power station contracts.
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