China drags global clean energy investment to $333.5bn in 2017, finds BNEF
Despite approximate 25% fall in solar costs per MWh against 2015, last year saw more than $333 billion invested in clean energy, with global solar deployment figures topping 53 GW, finds new Bloomberg New Energy Finance report.
Greenest year ever for UK as renewables outstrip coal by three-to-one
Analysis of the U.K.’s energy figures for 2017 show that renewables provided more power than coal on 315 days of the year, with solar a dominant player throughout the summer months.
IEA: Solar PV set to lead capacity additions to 2040
In its annual flagship report, the International Energy Agency (IEA) highlights that fast-declining costs will turn solar into the cheapest source of new energy generation over the next 25 year.
Contractors appointed for DP Energy’s 375 MW solar, wind, storage hybrid plant in Australia
The Irish renewable energy developer will employ engineering firm Downer to develop the 150 MW solar energy component of the Port Augusta hybrid plant, with wind giants Vestas contracted to build 225 MW of wind power.
Germany’s solar, wind generation hits high in October
PV and wind power systems generated 15 billion kWh of electricity in Germany in October, with renewables accounting for 44.1% of demand.
Fortum says it is not exiting the Indian solar market
The Finnish utility has reiterated its commitment for the Indian PV market, after a media article had reported that the company is seeking to sell its solar assets in the country.
Growing political will and falling costs make universal energy access possible by 2030, IEA finds
The report, published in Energy Access Outlook: from Poverty to Prosperity, is the first instance of this sort of historical analysis, with this particular study looking at 140 countries and showing that the number of people without electricity fell to 1.1 billion in 2016, down from 1.6 billion in 2000.
Denmark to provide level playing field for solar subsidies
Danish government and People’s Party agree to allow solar and onshore wind projects to compete on equal terms in tender auctions over next two years.
France to spend €7bn on renewables by 2022
Government of France will invest total of €20 billion in five-year energy transition plan between 2018 and 2022, including €7 billion on renewables, €4 billion on cleaner vehicles and €9 billion on improved energy efficiency.
Siemens Gamesa to build India’s first hybrid wind-solar farm
Siemens Gamesa has been commissioned to move forward with the coupling of a newly constructed 28.8 MW solar facility to an existing 50 MW wind farm, the company’s first and a noteworthy development for India’s solar market.
