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Tripling Renewables by 2030 Requires a Minimum of 16.4 Per Cent Annual Growth Rate
The Renewable Energy Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that despite renewables becoming the fastest-growing source of power, the world risks missing the tripling renewables target pledged at COP28. To stay the course, the…
New UK Government plans big push on wind
The UK’s new Labour Government has great ambitions for accelerating the deployment of wind energy, both onshore and offshore. To deliver on their new goals they will need a massive overhaul of planning and the grid. The new UK Government…
Immediate Actions Needed to Unblock Grid Capacity for More Wind Energy
The EU wants to increase its wind energy capacity from 220 GW today to 425 GW by 2030 and 1,300 GW by 2050. Wind is key to energy security, affordable electricity and industrial competitiveness. In its recent revision of the…
First-Ever Global Renewables Summit Announced to Drive Action to Triple Renewable Power by 2030
The Global Renewables Alliance (GRA) and Bloomberg Philanthropies, in partnership with the governments of Barbados and Kenya, the European Commission, the COP28 and COP29 Presidencies, the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), Sustainable Energy for All…
Negative Bidding Continues to Burden Offshore Wind Development
Germany and the Netherlands have recently issued the results of their latest offshore wind auction. They awarded a total capacity of 6.5 GW. That’s good for Europe’s energy transition. But the auction design in both countries included negative bidding. This…
First Net-Zero Academy to Train 100,000 Workers in the EU Solar Photovoltaic Value Chain
The Commission has launched the European Solar Academy, the first in a series of EU Academies to be set up under the Net-Zero Industry Act (NZIA) to have in place the necessary skills along the net-zero technologies value chains. The…
Renewables and Grid Flexibility Would Slash Electricity Prices by a Quarter by 2030, by a Third by 2040
Boosting renewables, electrification and flexibility would structurally ease electricity costs for consumers, increase European competitiveness, and reinforce the business case for solar. New modelling shows that electrification and flexibility can slash average day-ahead energy prices by 25 per cent by…