State-run China Energy Investment Corp. (CEIC) has revealed plans to install up to 30 GW of solar. Chinese solar stocks, meanwhile, rose sharply this week.
The bill for full decarbonization of the economy – which is likely to see the decommissioning of no more than half the current coal fleet, with CCS doing some heavy lifting, according to the US-owned analyst – could come in at more than $5 trillion.
The development lender will supply three-quarters of the funds as Hellenic Petroleum aims to raise €100 million for a reported 18 solar sites in the nation’s coal heartland.
The Solar Energy Corporation of India has issued a call for expressions of interest to supply clean energy to isolated off-grid communities and warned components will probably have to be transported manually.
Researchers in the UK have analyzed 25 years of electricity-production and carbon emissions data from 123 countries. Their findings show renewables are considerably more effective than nuclear in reducing carbon emissions from energy generation and that the two technologies tend to get in each other’s way when considered in a joint approach.
As the bloc pushes its digital and green transition agenda, policymakers have looked at the raw materials required. Little is mined, processed or assembled in Europe at present but the European Commission has a plan…
Chinese solar project developer GCL has added 109 MW of generation capacity to the portfolio it plans to sell to the state-owned buyer but on worse terms than the initial phase of project sales.
With the SolarPower Summit 2020 taking place this week, organizer SolarPower Europe has assessed the plans drawn up by member states would mean the bloc sourcing 33.1-33.7% of its energy from clean power by the end of the decade, with the help of 19 GW of new solar per year.
The first eight months of the year have brought 3.2 GW of new generation capacity, compared to 2.7 GW in the same period of last year.
Rising volumes of solar capacity are to be welcomed but, as panelists at a session of today’s SolarPower Europe event discussed, the technology must be kept ethical and responsible. That means industry working together; new, harmonized, mandatory and voluntary policy instruments; and a focus on quantifiable, life cycle-based investor criteria.
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