Solar will dominate the power generation alongside wind in the coming decades as electrification rapidly escalates, but the energy transition is occurring “nowhere near fast enough” to deliver change compliant with the Paris Agreement.
Solar and wind power represent a US$1 trillion investment opportunity in Asia Pacific this decade, equivalent to two-thirds of the region’s power generation sector, as countries move away from fossil fuel generation in favour of greener alternatives.
Enel Green Power has completed the 245MW second phase of the Roadrunner solar plant, which now increased its capacity to 497MW to become the largest PV facility in Texas.
Solar and wind generated a record 9.8% of global electricity during the first six months of 2020, but further gains are needed if Paris Agreement targets are to be met, a new report has said.
San Antonio, Texas-based utility CPS Energy is advancing efforts to diversify its generation portfolio as it plans to add up to 900MW of solar, 50MW of battery storage and 500MW of new technology solutions.
New York Governor Andrew Cuomo has announced the largest combined green energy solicitations ever issued in the US, seeking up to 4GW of renewable capacity to combat climate change.
Badly hit by the COVID-19 crisis, New York State has opted to “dramatically speed up the siting and construction of clean energy projects” as one facet of its plans for economic comeback.
Agency urges countries to keep clean energy shift ‘front of mind’ as they design anti-pandemic stimulus packages, amid calls to bolster renewables and phase out fossil fuel subsidies.
Solar to continue rapid rise over this decade but lack of foresight with grid planning could mix with ultra-low prices and waste management troubles to set obstacles in the short and long term.
