Tag: renewables

Financial headwinds for renewables investors: What’s the way forward?

The impressive growth in clean energy investments in recent years has been led by renewable power. Annual spending on solar PV and wind projects has risen by more than USD 300 billion...

Declining electricity consumption in advanced economies is weighing on global demand growth this year

EU electricity demand set to drop to lowest level in 20 years, but with global consumption expected to increase strongly in 2024, growth of renewables is more important than ever. Overall growth in...

Renewable Power Remains Cost-Competitive amid Fossil Fuel Crisis

Costs for renewables continued to fall in 2021 as supply chain challenges and rising commodity prices have yet to show their full impact on project costs. The cost of electricity from onshore...

Energy Community Power System Can Support at Least 30 GW of Renewables Without Additional Investments Into Flexibility

As the energy transition advances in the Energy Community Contracting Parties, the share of power generation from variable renewables such as wind and solar will increase manyfold. The Energy Community power system with...

EU Energy Ministers Endorse Faster Permitting Of Renewables

The EU Energy Ministers have agreed their position on changes to the Renewable Energy Directive and Energy Efficiency Directive, paving the way for faster build-out of renewables and streamlined permitting for wind...

Global Energy Crisis Shows Urgency Of Accelerating Investment In Cheaper And Cleaner Energy In Africa

Today’s crippling spikes in energy prices underscore the urgency and the benefits for African countries of accelerating the scale up of cheaper and cleaner sources of energy, the IEA says in a...

Why the World is Missing its Chance for Clean Energy

A green recovery from the COVID-19 pandemic would have helped countries to build back better while driving economic growth and job creation. But the latest Renewables 2022 Global Status Report paints a different picture. According to...

Renewables and Green Gas: The Only Viable Antidote to High Fossil Fuel Prices

Outdated perceptions of the costs of clean energy remain a major barrier to the energy transition. Despite the dramatic fall in prices across these technologies, the dialogue surrounding 'cheap' fossil fuels and...

Energy Community Meets 2020 Headline Target for Energy Efficiency, Makes Progress on Renewables

The Energy Community has achieved the 2020 headline target for energy efficiency set by the 2012 Energy Efficiency Directive. With respect to renewables, three Contracting Parties - Albania, Moldova and Montenegro -...

Renewable Electricity Growth is Accelerating Faster than Ever Worldwide, Supporting the Emergence of the New Global Energy Economy

The growth of the world’s capacity to generate electricity from solar panels, wind turbines and other renewable technologies is on course to accelerate over the coming years, with 2021 expected to set...

Global Electricity Demand is Growing Faster than Renewables, Driving Strong Increase in Generation From Fossil Fuels

Renewables are expanding quickly but not enough to satisfy a strong rebound in global electricity demand this year, resulting in a sharp rise in the use of coal power that risks pushing...

Volkswagen’s European Factories Up To 95 Percent Powered By Renewables

In 2020. Volkswagen Group increased the share of renewables powering its European factories from 80 percent to 95 percent (year over year/YoY), and 10 of its factories became 100 percent renewably powered. The target...

Fast-Track Energy Transitions to Win the Race to Zero

Proven technologies for a net-zero energy system already largely exist today, finds the preview of World Energy Transitions Outlook by the International Renewable Energy Agency (IRENA). Renewable power, green hydrogen and modern bioenergy will dominate...

Climate Investment Platform: Plugging the Energy Investment Gap in Developing Countries

IRENA and Climate Investment Platform partners are working closely to advance renewables deployment efforts in developing countries. Access to renewable energy finance remains a key challenge for developing nations. While many countries across...

Renewables at Heart of Reaching Zero Emissions in Industry and Transport

Only seven industry and transport sectors will account for 38% of all CO2 emissions globally in 2050 unless there are significant changes in current approaches. Concerted action beyond planned policies can turn the...

The Black Sea Region’s Renewable Energy Potential on the Agenda

In less than a month the energy community will get together online to discuss the renewable energy potential of the Black Sea countries. The high-level international investment conference Energy Week Black Sea will...

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