The Western Australian government has given environmental approval to the first stage of the Asian Renewable Energy Hub, a 15 GW hybrid solar and wind plant. The approval is a massive step forward for the project, which will eventually reach 26 GW, and an even larger step forward for green hydrogen development in Australia for domestic use and export.
The development lender will supply three-quarters of the funds as Hellenic Petroleum aims to raise €100 million for a reported 18 solar sites in the nation’s coal heartland.
With the SolarPower Summit 2020 taking place this week, organizer SolarPower Europe has assessed the plans drawn up by member states would mean the bloc sourcing 33.1-33.7% of its energy from clean power by the end of the decade, with the help of 19 GW of new solar per year.
In the wake of recent reports highlighting a global lack of clean-energy skills training, the country’s Sustainable and Renewable Energy Development Authority has said it will work with private companies to set up vocational courses.
Doubling down on renewable energy investment and energy transition spending is required to ensure a truly green global recovery from the Covid-19 crisis and its economic aftershock, claims the International Renewable Energy Agency.
A study from Finland’s Lappeenranta University of Technology has predicted solar and other renewables can provide a global energy jobs revolution – just as four European operations revealed recent struggles.
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.
The latest study published by the International Renewable Energy Agency says the average solar electricity cost of $0.085/kWh produced by projects commissioned last year is set to fall to $0.048 next year, and $0.02-0.08 by 2030.
Although PV trails wind and nuclear in terms of its anticipated future footprint, the opposition party’s attempt to outflank left of center rivals on climate change has resulted in one of the world’s most ambitious national roadmaps towards a zero-carbon future.
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