The Emirate kingdom of Dubai has announced a program that will see it generate 25% of its electricity from solar by 2030. Along with an announced 5 GW expansion of the Sheikh Mohammed Bin Rashid Al Maktoum Solar Park, the Dubai government has called for all rooftops to be equipped with solar PV by 2030.
The energy sector has undergone huge changes over the last years, mainly due to the decentralization of energy systems and the increasing role of renewables. While the sector’s defining characteristics continue to shift, a new trend has emerged: the digitization of energy. What it is, and who will benefit the most was discussed at this year’s Forum Solarpraxis.
Solar alliance first of many anticipated agreements and pledges over the coming two weeks in Paris, which could prove crucial in determining how the globe tackles climate change in the few years.
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.
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