While Spain, Sweden, Ukraine and Brazil attracted more funds than last year, China’s transition to an auction-based procurement system and slow performance overall in Europe saw worldwide backing decrease. BloombergNEF does expect investments to ramp up in the second half, however.
The U.S. project developer and Chinese manufacturing giant have both moved to extend borrowing for Japanese operations as Sumitomo Mitsui has given another lift to its domestic PV market.
The energy services firm will use software from California’s AutoGrid to develop a VPP which will draw on PV generation, energy storage and demand response technology. ENERES wants businesses to come on board and burnish their renewables credentials.
As the solar industry digests yesterday’s announcement by Theresa May of a net zero carbon ambition by 2050, developer Solarcentury says Downing Street is hugely underestimating the role PV can play in achieving that milestone.
The Japanese government has issued a policy to reduce 80% of vehicle-related emissions, but high-power charging facilities for e-buses should also be aligned with distributed PV generation. Kyocera is now optimizing its virtual power plant technologies for this use case.
Among 45 critical energy technologies and sectors assessed in a tracking report by the International Energy Agency, only seven are keeping hopes alive that climate, energy access and air pollution goals can be met.
An International Energy Agency report estimates the share of nuclear power in advanced economies could fall by two-thirds by 2040, as aging plants retire. The report claims without support for nuclear, the transition to a low carbon energy system would be far more complex and threaten global emissions targets.
Australia’s national science agency CSIRO and Canada’s University of British Columbia have announced a memorandum of understanding aimed at accelerating clean hydrogen technologies.
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