PV, onshore wind new-builds already the most competitive option for two-thirds of global population, BNEF review finds as lockdown dynamics unlock surge of cheap clean power.
Solar and storage among key drivers of a transformation IRENA believes could unlock US$98trn GDP boost, tapping into green principles to turn the page from this year’s economic shock.
Plan by California Public Utilities Commission hinges upon the roll-out of high volumes of solar (11GW) and battery storage (8.87GW) in US state hit by outages in recent years.
Federal energy regulator accused of ‘overreach’ after maintaining provision that may force solar, storage and others to offer minimum prices when competing at state’s capacity market.
Mining giant Fortescue will mix solar (150MW), gas (150MW) with “large-scale” storage battery at hub in Western Australia, adding to 60MW first solar stage announced last year.
New PV and wind could outcompete most existing fossil fuel capacity by 2025, outfit predicts as it lays out timetable for the 5.8GW renewable project backlog it amassed last year.
State’s energy commission waves through roadmap by utility SMUD to install 1.5GW of utility-scale solar, 600MW of rooftop PV and 560MW of utility-scale energy storage by 2040.
Switching to full renewables by 2050 in line with climate goals would see global solar create 22 million of a total 35 million new energy sector jobs, with batteries employing 4.5 million.
Trillions-worth giant lays out new opportunity areas for its third investment vehicle for global renewables, which has taken just months to raise US$1bn of a US$2.5bn final target.
