Finance

Business analysts at McKinsey & Company have worked the numbers and found that investments into new infrastructure and technologies necessary to achieve the net-zero target will likely be offset by savings in other sectors. Europe’s PV sector could grow to about three times its current size over the next decade.

We wanted to know what the grid would look like, and cost, if we stopped ignoring the benefits of distributed energy resources and optimized their integration through a better modeling process. We found that when you use better planning models and scale both local solar and storage, as well as utility-scale solar and wind, you maximize cost savings and unlock the path to the lowest cost grid.

While Donald Trump grapples with the result of the election, Europe’s highest officials have moved on, and demonstrated new optimism for the four years ahead by setting a preliminary agenda for cooperation aimed at president-elect Joe Biden with key topics including work on renewables, battery storage and carbon pricing.

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.

The solar and wind industries could benefit from a $6.4 trillion boom under the most ambitious of two scenarios described by Bloomberg New Energy Finance, and $2.4 trillion even in the business-as-usual outlook.

Half of the EGP1.6 billion charge will be paid up front with the balance staggered over five years, pv magazine has learned.

Guide to drawing up national green hydrogen strategies acknowledges the global hydrogen economy could fail to take shape if any of the world’s powers decide to stick with fossil fuels to gain a price advantage.

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.

A new report by Auroville Consulting highlights gaps and challenges existing today in financing rooftop solar based on its evaluation of the implementation of international lines of credit at the state level (for Tamil Nadu), and the availability and accessibility of financial support.

The latest edition of the accountant’s renewables attractiveness index has placed the nation in top spot for photovoltaics, helping it to fourth spot for overall clean energy investment. Mexico has been hammered by the government’s attitude to clean power and France has also slipped, four places.