While solar PV and wind deployment will far outstrip additions from other electricity sources over the next decade, clean energy progress is still lagging behind what is needed to put global emissions into sustained decline towards net zero, the International Energy Agency (IEA) has warned.
China has started building work on the first 100GW phase of a solar and wind buildout that is likely to see hundreds of gigawatts deployed in the country's desert regions.
Spanish oil and gas major Repsol has increased its 2030 renewables target to 20GW, the bulk of which is expected to be solar PV, as part of efforts to reach net zero emissions by 2050.
The US should aim for solar to account for 30% of the country’s electricity generation by 2030, according to the Solar Energy Industries Association (SEIA), which has raised its previous target due to the growing urgency to tackle the climate crisis.
Lightsource BP has increased its solar deployment target to 25GW by 2025 after securing a US$1.8 billion financing facility that will help fund its global expansion.
Spain’s PV sector has been boosted by a new auction mechanism that aims to support at least 10GW of capacity by 2025. José Donoso, general director of Spanish solar association UNEF, discusses what is driving growth and the various policies that the industry is asking for.
After receiving record-low prices in both its previous solar auctions, Portugal is now aiming to support the development of floating PV projects through its next tender process. Pedro Amaral Jorge, CEO of Portuguese renewable energy association APREN, talks to PV Tech about the prospects for the country’s solar sector.
While recent solar auctions in Spain and Portugal have made headlines with low prices and high levels of participation, the power purchase agreement market will be key to helping both countries reach their 2030 solar deployment targets, it was suggested during a panel discussion.
