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The Asian Renewable Energy Hub’s generation capacity has been boosted from 9 GW to 11 GW, as Macquarie Group has pledged to invest in the project that aims to export power to South East Asia, as well as supply big miners and green hydrogen projects in the Pilbara region, Western Australia.

Announcing its participation at the FT Climate Finance Summit in London, the bank says that through targeted financial commitments, increasing competition and progressive policy changes, prices for renewable energy resources have come down to US$0.025/ kWh in Egypt and Jordan, for example. The bank calls for a change in investment practices to further this development.

The Intergovernmental Panel on Climate Change (IPCC) has released a new report on different ways global warming can be kept within the 1.5°C limit. The panel seeks to inform policymakers before the upcoming COP24 in Poland this December. Resulting from their analysis, the 91 authors state that drastic action and significant investments are needed. Such climate action across all sectors would have significant positive effects on sustainable development progress, they say.

The Kosovar Ministry of Economic Development has recently announced a plan to transfer 100 MW to 120 MW of licenses from hydro, to solar and wind. The latter, however, is expected to comprise the largest share, according to the country’s revised plans for renewables and energy, which envisage just 30 MW of solar by the end of 2020.

In a study on the potential for local manufacturing of renewable energy equipment in the Arab region, IRENA has assessed how three pilot Arab countries – Lebanon, Jordan and the UAE – where development of clean energy is currently strong, may host PV, CSP and wind energy industries. In all of them, however, there are currently few chances of seeing a rising solar and renewable energy manufacturing industry, due to a series of challenges, such as, among others, the lack of a qualified workforce, and favorable regulatory settings.

In the first in a series of interviews on the topic of renewable energy and geopolitics, Indra Overland, head of the Center for Energy Research (NUPI) and Member of the Research Panel, Global Commission on the Geopolitics of the Energy Transition at IRENA, discusses the effects a greater penetration of solar, and other renewable energies, in the global energy mix, could have on world order. Although fossil fuels will continue to play a dominant role in the coming years, sooner or later the geopolitics of energy will cease to be that of gas and oil, according to Overland. Although it is still difficult to predict future scenarios, he believes renewables have the potential to make nations more energy independent, and provide the basis for more peace and stability.

A report by the Brattle Group for Nevada regulators suggests that by 2030 – depending on pricing – 700 to 1,000 MW / 2.8 to 4 GWh worth of energy storage could be cost-effectively deployed statewide.

TOPCon technologies could further increase solar cell efficiencies, said Guangyao Jin, chief scientist, DuPont Photovoltaic Solutions, at this year’s Energy Taiwan, held in September. He added that metallization paste is crucial.

With the commissioning of 620 MW by three companies, the total capacity of Rajasthan’s Bhadla Solar Park has reached 1,365 MW, Rajasthan Renewable Energy Corporation Ltd (RRECL) announced.