Policy

Standalone solar-powered refrigerators present a $20 billion opportunity in India for vaccine storage, milk chillers, households, micro enterprises, and cold storage for farm produce, according to a new report by Gogla.

The inauguration of Joe Biden as the 46th President of the United States has brought hope the country will play a central role in the world’s energy transition and combating climate change. However, rather than teaching other countries lessons, the U.S. will need to catch up with the rest of the world, and it needs to do so quickly – the world won’t wait for the U.S.

With the nation almost doubling its new generation capacity figure for the year last month, the National Energy Administration is reportedly considering a joint solar and wind capacity target of 120 GW for this year.

Falling module prices will help PV post another record year after an estimated 132 GW was installed worldwide in 2020, according to an energy transition investment trends report published by Bloomberg New Energy Finance.

The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.

A press release issued by utility DEWA and the state-owned metal manufacturer today implied production of solar-powered aluminum is already taking place.

Pending final closing, the Electrification Financing Initiative has announced it is considering private equity investments of €1.5 million to two French firms operating in Benin, Togo, Burkina Faso and Senegal, and $1.5 million to a Tanzanian business operating in Tanzania and Uganda.

European renewables, including Spanish solar, made big gains as energy demand recovered before the second wave of Covid infections. Nuclear was a notable loser, in part because clean energy volumes in the north of the continent drove down power prices sufficiently to make reactors uncompetitive.

Looking back over years of research into the topic of hybrid systems based on different combinations of solar, wind, hydro and other renewables, an international group of scientists found strong potential for strategies to exploit complementarity between the different sources integrate more intermittent renewables onto regional and national grids. The scientists present a series of conclusions and recommendations that aim to push research in hybrid renewables forward.

A report by McKinsey & Company reinforces the widely-held view renewables will supplant fossil fuels in the energy system but also joins the chorus of voices warning the world is on track to fall well short of limiting global temperature rises this century to 1.5C.