IEA: Solar PV set to lead capacity additions to 2040
In its annual flagship report, the International Energy Agency (IEA) highlights that fast-declining costs will turn solar into the cheapest source of new energy generation over the next 25 year.
UK & Germany on course for 50% renewables by mid 2020s, finds BNEF report
Study carried out by Bloomberg New Energy Finance on behalf of Eaton and U.K.’s Renewable Energy Association finds economic drivers key to increased uptake in solar and wind, although back-up capacity required by 2040 likely to be similar to today’s levels.
International Solar Alliance at COP23: Welcoming the reign of the Sun
One of the sessions at COP23 has served as the curtain raiser for the ISA’s upcoming founding ceremony. It featured presentations on ISA programs and the Common Risk Mitigation Mechanisms (CRMM) report, as well as a panel discussion on the global effort to accelerate solar energy deployment.
First Solar bags 20 MW order from the Netherlands
The modules will be used by Danish investment firm Obton for two PV projects in Stadskanaal, in the northeast of the Netherlands.
Italy’s new 2020-2030 energy strategy sees PV increase power production by around 40 TWh
The Italian government has planned to phase out coal power production by 2025, and has set a 2030 renewable energy target of 27%.
GCL unit pays first tranche of $30 million investment in Millennial Lithium
A unit of China’s GCL group has moved forward with a $30 million strategic investment in Millennial Lithium by finalizing the first of two payments for a 17% stake in the Canadian exploratory mining firm.
Barbados to open energy market to IPPs
Starting from early 2018, the Caribbean island will grant licences for IPPs in an effort to have more solar and renewables.
Netherlands accepts applications for 3.2 GW of solar in second round of 2017 SDE+ program
Solar was also the prevailing source in the “autumn round” of the 2017 SDE+ program for large-scale renewable energy projects, accounting for 60.7% of all preassigned capacity. Overall, 5,456 PV projects proposals, totaling 3,221 MW, were submitted.
EU approves Spain’s incentive scheme for renewables
The scheme has been in place since 2014 and includes new projects as well as renewable energy power projects benefitting from previous support.
Azores to host its first MW-sized PV plant
The solar project Central Fotovoltaica do Corvo will be built by EDA, the Portuguese archipelago’s power utility, and will be used to reduce the island of Corvo’s reliance on fossil fuels.
