EU Commission eyes ‘green trade agenda’ with President-elect Biden
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.
Asian Development Bank provides more than $1bn finance for renewables power lines
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.
China could drive 4.2 TW of solar capacity by 2050 under decarbonization plan
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.
Benban developers agree to pay an extra $102m for building materials
Half of the EGP1.6 billion charge will be paid up front with the balance staggered over five years, pv magazine has learned.
IRENA raises carbon price issue in green hydrogen policy guide
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.
Europe could double ambition of its hydrogen strategy – white paper
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.
Financing distributed solar energy in India
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.
India ranked the world’s most attractive PV market by Ernst & Young
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.
‘China renewables will hit grid parity with new-build coal next year’
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.
Enel plans to drive 120 GW of renewables capacity by 2030
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.
