The latest set of clean energy statistics compiled by the International Renewable Energy Agency signal a changing of the guard when it comes to clean power, with legacy hydropower facilities overtaken by new intermittent renewables.
The developer said it installed and commissioned seven solar rooftops in just three months despite Covid-19 travel restrictions.
The renewables business formerly known as Scatec Solar has added a 2.5 GW hydropower portfolio in Asia and sub-Saharan Africa and also added its first wind farm while reporting a consolidated loss of almost $43 million for the 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.
Chinese tier-1 manufacturer Seraphim announced plans for a new factory in Vietnam. The module assembly facility will have 750 MW total capacity and is expected to serve both local and international demand.
The latest edition of the accountant’s renewables attractiveness index has placed the nation in top spot for photovoltaics, helping it to fourth spot for overall clean energy investment. Mexico has been hammered by the government’s attitude to clean power and France has also slipped, four places.
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