Dramatic cost reductions could drive sharp increase in global solar PV capacity The share of global electricity generated by solar photovoltaics (PV) could increase from 2 per cent today to as much as 13 per cent by 2030, according to a new report from the International Renewable Energy Agency (IRENA). Released today at InterSolar Europe, … Continue reading Solar energy could meet up to 13% of global power needs by 2030
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IRENA and the Terrawatt Initiative launch effort to boost global solar energy development
Leaders in energy, finance and law will collaborate to scale up solar energy under a new initiative officially launched today on the margins of InterSolar Europe. The Solar Energy Standardisation Initiative, led by the International Renewable Energy Agency (IRENA) and the Terrawatt Initiative, aims to spur global solar development by standardising contracts to streamline the … Continue reading IRENA and the Terrawatt Initiative launch effort to boost global solar energy development
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Global solar energy market size is likely to exceed USD 140 billion by 2023
Global solar energy market size was estimated at over USD 65 billion in 2015 and is likely to exceed USD 140 billion by 2023. Cumulatively, more than 178 GW of power was installed in 2015 and is estimated to reach more than 600 GW over the forecast period, including both photovoltaic and concentrated thermal power. … Continue reading Global solar energy market size is likely to exceed USD 140 billion by 2023
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Dubai will launch concentrated solar power (CSP) projects to generate 1,000 megawatts by 2030
The Dubai Electricity and Water Authority (DEWA) will launch concentrated solar power (CSP) projects to generate 1,000 megawatts by 2030. The energy mix will include 61 per cent from natural gas, 25 per cent from solar energy, 7 per cent from clean coal and 7 per cent from nuclear power by 2030. The project will … Continue reading Dubai will launch concentrated solar power (CSP) projects to generate 1,000 megawatts by 2030
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A Record Breaking Year for Renewable Energy
Today REN21 published the most comprehensiveannual overview of the state of renewable energy. The Renewables 2016 Global Status Report reveals that renewables are now firmly established as competitive, mainstream sources of energy in many countries around the world. 2015 was a record year for renewable energy installations. Renewable power generating capacity saw its largest increase … Continue reading A Record Breaking Year for Renewable Energy
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Renewable Energy Employs 8.1 Million People Worldwide
More than 8.1 million people worldwide are now employed by the renewable energy industry – a five percent increase from last year – according to a report released today by the International Renewable Energy Agency (IRENA) at its 11th Council meeting. The report, Renewable Energy and Jobs – Annual Review 2016, also provides a global … Continue reading Renewable Energy Employs 8.1 Million People Worldwide
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Argentina starts clean energy push with 1,000 megawatt tender
Argentina invited bids for projects aimed at creating 1,000 megawatts of alternative energy on Wednesday in the country’s first push toward wind and solar power production needed to help narrow its energy deficit. Argentine President Mauricio Macri said the projects would be the initial stage of a plan that calls for 10,000 megawatts, or 20 … Continue reading Argentina starts clean energy push with 1,000 megawatt tender
Continue reading2015 sets record for renewable energy
Renewable generation capacity increased by 152 gigawatts (GW) or 8.3% during 2015, the highest annual growth rate on record, according to new data released by the International Renewable Energy Agency (IRENA). Renewable Capacity Statistics 2016 finds that as of the end of 2015, 1,985 GW of renewable generation capacity existed globally. “Renewable energy deployment continues … Continue reading 2015 sets record for renewable energy
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India is on course to become the world’s fourth-largest consumer of renewable energy, after China
Over the next 14 years, India is on course to become the world’s fourth-largest consumer of renewable energy, after China, United States and European Union, predicts the International Renewable Energy Agency’s (IRENA) report Road Map For A Renewable Energy Future, 2016 (REmap). Renewable energy will account for 40% (two-fifths) of power generation in India … Continue reading India is on course to become the world’s fourth-largest consumer of renewable energy, after China
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1.2 mln Brazilian homes to be self-powered by 2024
Nearly 1.2 million homes in Brazil will have to generate their own energy from renewable energy sources by 2024. A study by the National Electric Energy Agency predicts that homes equipped with solar panels or mini wind turbines will be able to generate electricity for household consumption, and transfer any surplus to a local distribution … Continue reading 1.2 mln Brazilian homes to be self-powered by 2024
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US solar market set to grow 119% in 2016, installations to reach 16 GW
The U.S. solar market is set to grow a staggering 119 percent this year says GTM Research in its latest U.S. Solar Market Insight Report 2015 Year in Review, published in conjunction with the Solar Energy Industries Association (SEIA). Led by the utility-scale segment, GTM Research forecasts 16 gigawatts (GW) of solar will be installed … Continue reading US solar market set to grow 119% in 2016, installations to reach 16 GW
Continue readingU.S. solar energy market sets new record, installing 7.3 GW of solar PV in 2015
In yet another record-breaking year, the solar industry in the United States installed 7,286 megawatts (MW) of solar photovoltaics (PV) in 2015. GTM Research and the Solar Energy Industries Association announced the historic figures today ahead of the March 9 release of the U.S. Solar Market Insight report. For the first time ever, solar beat … Continue reading U.S. solar energy market sets new record, installing 7.3 GW of solar PV in 2015
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European solar power market grows 15% in 2015; connecting 8 GW of solar power to the grid
In 2015, European countries connected around 8 GW of solar power systems to electrical networks, according to first estimates by SolarPower Europe, the association of the solar power sector in Europe. Demand for solar power systems in European countries increased by around 15% year-on-year, compared to 6.95 GW of new grid-connected solar power capacity in … Continue reading European solar power market grows 15% in 2015; connecting 8 GW of solar power to the grid
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Governors’ coalition teams up wind energy and solar power to advance renewable energy across U.S.
After seven years of promoting the benefits of adding wind energy to the U.S. electricity mix, the Governors’ Wind Energy Coalition announced today it will pair its advocacy work for wind with work for solar energy as well. The change is reflected in the group’s new name, the Governors’ Wind and Solar Energy Coalition (GWSC). … Continue reading Governors’ coalition teams up wind energy and solar power to advance renewable energy across U.S.
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Governor Cuomo Launches $5 Billion Clean Energy Fund to Grow New York’s Clean Energy Economy
Governor Andrew M. Cuomo today announced the New York State Public Service Commission’s approval of a 10-year, $5 billion Clean Energy Fund to accelerate the growth of New York’s clean energy economy, address climate change, strengthen resiliency in the face of extreme weather and lower energy bills for New Yorkers starting this year. Additionally, the … Continue reading Governor Cuomo Launches $5 Billion Clean Energy Fund to Grow New York’s Clean Energy Economy
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Iran to generate 1000 MW from new solar energy, wind power plants
Contracts to set up solar and wind power plants, generating 1000 megawatts of electricity, will be concluded by March 19, 2016 which marks the end of current Iranian calendar year, said Iranian Deputy Energy Minister Houshang Falahatian. According to Falahatian, the contracts are mostly negotiated with Iranian companies, among others, according to the Islamic Republic of Iran … Continue reading Iran to generate 1000 MW from new solar energy, wind power plants
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Increasing World’s Share of Renewable Energy Would Boost Global GDP up to $1.3 Trillion
Achieving a 36 per cent share of renewable energy in the global energy mix by 2030 would increase global gross domestic product (GDP) by up to 1.1 per cent, roughly USD 1.3 trillion, according to new analysis by IRENA. Renewable Energy Benefits: Measuring the Economics, released today at IRENA’s sixth Assembly, provides the first global … Continue reading Increasing World’s Share of Renewable Energy Would Boost Global GDP up to $1.3 Trillion
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New solar order in India: Gamesa to develop 23 MW for New Era Enviro
Gamesa, a global technology leader in wind energy, has received a new order in India from renewable energy developer New Era Enviro for the development of 23 MW of solar power capacity across three projects located in the state of Telangana. This is the company’s second solar power order, having established a foothold in the … Continue reading New solar order in India: Gamesa to develop 23 MW for New Era Enviro
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Clean Energy defies fossil fuel price crash to attract record $329bn global investment in 2015
Clean energy investment surged in China, Africa, the US, Latin America and India in 2015, driving the world total to its highest ever figure, of $329.3bn, up 4% from 2014’s revised $315.9bn and beating the previous record, set in 2011 by 3%. The latest figures from Bloomberg New Energy Finance show dollar investment globally growing … Continue reading Clean Energy defies fossil fuel price crash to attract record $329bn global investment in 2015
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China pushed renewable energy installed capacity beyond 900 gigawatts in 2015
China was the world’s leading market across a number of renewable energy technologies in 2015 and helped to drive global renewable installed capacity to an estimated 913.48 Gigawatts (GW), says research and consulting firm GlobalData. The company’s latest report* states that China led the world for annual capacity additions in solar, biopower, small hydropower and … Continue reading China pushed renewable energy installed capacity beyond 900 gigawatts in 2015
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