Following its comment in September that the International Energy Agency (IEA) is “holding back” global renewable expansion by consistently underestimating its supply potential, the Energy Watch Group (EWG) has now released graphics highlighting the shortfalls in the agencys solar PV projections.
Up-to-date survey of just 10% of the British solar sector reveals that thousands of jobs have already been lost; extrapolated for the entire industry the data suggests that as many as 6,500 positions could have been lost.
Under two initiatives aiming to work in tandem, an international coalition of billionaires, including Microsofts Bill Gates, Alibabas Jack Ma, and African Rainbow Minerals Patrice Motsepe have pledged to channel their cash into clean energy alongside 20 governments, which have said theyll double investment in clean energy innovation. Solar, energy storage, and efficiency will be key focus areas.
Government aims to raise that investment goal to around $4 billion per year within 3-4 years and will identify opportunities to source low-cost foreign investment, said energy minister Piyush Goyal.
Commencement of insolvency proceedings in Spain sparks real fears of contagion for Abengoa Yield, the U.S.-based subsidiary of the Spanish renewable energy company.
Construction has begun and financing has been secured on one of first solar projects over 100 MW in Texas, as Southern Company acquires a majority stake.
The company plans to manufacture its multi-junction PV modules in the Southern Brazilian state, and is currently investigating locations.
The two companies have teamed up to reward each other’s members, with NRG offering discounts on PV system leases and Airbnb offering travel credits for hosts with solar arrays.
GreenGulf is partnering with the Norwegian Refugee Council and other organizations to improve the quality of life for residents with solar installations and a training program. The project is part of a greater effort to meet the massive need for energy among displaced people.
Researchers from Stanford University have layed out exactly how the planet could forego fossil fuel and nuclear power and adopt renewable energy across the board.
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