‘Renewables must grow four times faster to ensure sustainable future’
The share of renewables in the global energy mix must more than double by 2030 for the world to advance the energy transition and achieve sustainable development goals, according to the International Renewable Energy Agency. Renewable electricity should supply 57% of global power by the end of the decade, up from 26% today.
Abu Dhabi fund approves $105m for clean energy projects
The Abu Dhabi Fund for Development will support half a dozen megawatt scale projects featuring solar in the Caribbean and Africa. In addition to around 42.5 MW of new solar capacity, the fund will also back the development of energy storage, waste-to-energy and biogas facilities.
SolarPower Europe repeats call for solar strategy as part of European Commission’s €1tn Green Deal
Lobby group CEO Walburga Hemetsberger says the plans announced by commission president Ursula von der Leyen this week should place the European solar industry front and center.
BlackRock vows to exit coal as part of new climate-focused investment strategy
The U.S. asset management fund’s plan to cut future investment in coal is reportedly part of a climate-focused initiative to establish sustainability at the center of its business approach. The announcement comes weeks after the investor closed $1 billion of a record $2.5 billion fund focused on PV, wind and energy storage projects.
Masdar to install 145 MW of floating PV in Indonesia
Abu Dhabi-based renewable energy group Masdar is sailing into the Southeast Asian solar market with Indonesia’s first floating solar project. The petro-state owned developer says the facility will be the largest in the region.
European Commission announces €1tn Green Deal ambition
President Ursula von der Leyen has outlined plans to fund her Green Deal with a mix of EU, member state and private sector contributions. Now it is over to individual nations and the European Parliament.
NEC Energy Solutions to build 100 MW of storage capacity in Northern Ireland
The company will provide two 50 MW systems for investor the Gore Street Energy Storage Fund and project developer Low Carbon. The projects will be completed by the first quarter of 2021.
Tata Power Solar bags 250 MW PV project from Indian utility NTPC
The project will be built with Indian-made cells and modules. It will likely be completed within the next 20 months.
Arup report outlines potential of PV and the circular economy
As the world responds to the climate crisis and ramps up investment in solar energy, the industry is still struggling to address sustainability. A new Arup Group report on Australia looks at how the country can apply circular economy principles to current and future PV waste management.
More accusations of discrimination at Momentum Solar
A former employee is suing the U.S. company over allegations that she was terminated once she informed management about her high-risk pregnancy.
