US utility Ameren will invest nearly US$8 billion to develop renewable energy over the next 20 years as it targets net-zero carbon emissions by 2050 across all operations in Missouri and Illinois.
Indian state-owned power company Damodar Valley Corporation (DVC) will focus solely on solar projects to add additional capacity, as it looks to develop an extensive floating PV portfolio.
South Africa’s solar industry has welcomed new government plans to purchase 6.8GW of additional renewables from independent power producers as of 2022, but warned that an “urgent response” is needed to tackle the country’s ongoing energy crisis.
French oil major Total will aim to cover all the electricity consumption of its European industrial sites from solar power by 2025 after securing a new development agreement with Spanish firm Ignis.
China’s newly announced ambition to reach carbon neutrality by 2060 and peak carbon emissions before 2030 looks set to spur on investment in solar and battery storage technology, as the country diversifies its power mix away from coal.
Hawaiian Electric has submitted eight contracts representing nearly 300MW of solar energy generation and about 2,000MWh of energy storage to be built on the islands of O'ahu and Maui.
Global governments could divert massive amounts of public funds from cancelled, large-scale power generation projects, such as nuclear, towards solar and other renewables to deliver consumers more value for money.
Aided by falling production costs and policies encouraging a shift to green energy, renewables’ share of the global energy mix could soar from 5% in 2018 to almost 60% by 2050, BP has said in its latest energy outlook.
Solar parks with a total capacity of 2.3GW will be developed in Greece as part of a €5 billion (US$5.94 billion) roadmap to support the phase-out of coal generation by 2028.
NTPC, India’s largest power company, is aiming to add more than 5GW of new solar capacity in the next two years as it builds its renewables presence overseas thanks to a collaboration with the International Solar Alliance (ISA).
