IRENA

Up to 150 GW of PV and wind projects could be postponed or canceled throughout the Asia-Pacific region by 2024 if the coronavirus-triggered recession continues beyond the current year, according to new research by Wood Mackenzie.

Solar project owners responded to an appeal to donate a portion of their solar incentive payments to the public health authorities as another multinational body emphasized the importance of coronavirus fiscal stimulus packages having environmentally-friendly conditions attached.

Hanoi has set new feed-in tariff rates for utility-scale, rooftop and floating PV projects, ending a long period of policy uncertainty. The government has announced the new rates, which are broadly in line with industry expectations, roughly 10 months after the expiration of its old tariffs.

Global grid-connected solar capacity reached 580.1 GW at the end of 2019, along with 3.4 GW of offgrid PV, according to the International Renewable Energy Agency. Total installed renewables capacity hit a remarkable 2,563.8 GW, with hydropower remaining the dominant source at 1,310.9 GW, followed by wind at 622.7 GW.

The International Renewable Energy Agency has devised a valuation framework to lay the foundations for successful storage deployment. As the technology matures and moves toward a projected fall in price, revenue stacking will be crucial to assess viability and properly value its benefits.

A fund backed by the United Nations and the government of Luxembourg is helping companies to provide small solar PV systems and innovative cooking stoves in the economically challenged West African nation.

The Mozambican Energy Fund and the Belgian Development Agency have kicked off a tender to facilitate the construction of five solar minigrids to improve rural electricity access in the southern African nation. Prospective developers have until the end of the month to express interest.

The Climate Investment Platform launched by three multilateral bodies in September is now open for business and renewables companies in developing nations could qualify for help with clean energy facilities, renewables-related grid improvements and energy efficiency schemes.

The Dubai Electricity and Water Authority’s new research facility at the Mohammed bin Rashid Al Maktoum Solar Park will primarily focus on solar power, energy efficiency, and the integration of smart grids.

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.