A massive renewables scale up by China to help it achieve its recently announced carbon neutrality pledge could see the country reach 4.2TW of solar capacity by 2050, a new study from BloombergNEF says.
Hydrogen and artificial intelligence are set to play a “critical role” in supporting grid stability and scaling up green energy, new research from EY says.
Spanish utility Iberdrola aims to accelerate the production of green hydrogen after signing an agreement with Norwegian company Nel and creating a new venture dedicated to the installation and maintenance of electrolyser plants.
A Western Australian renewable hydrogen facility that will be powered by 5GW of solar PV and onshore wind has secured the backing of Danish investment firm Copenhagen Infrastructure Partners (CIP).
Germany’s RWE is on track to increase its solar and wind portfolio to 10GW by the end of 2020 as the company ramps up its renewable energy expansion following project commissioning delays due to the coronavirus pandemic.
Iberdrola is set to double its renewables capacity by 2025 through a €75 billion (US$88.9 billion) investment package that sees the Spanish utility seek to take advantage of the “global energy revolution” and reach carbon neutrality in ten years.
Ambitious proposals to ramp up green hydrogen production in Chile and South Australia have been announced this week, as both look to take advantage growing supplies of renewables to help decarbonise their economies and meet green energy targets.
Energy innovation group EIT InnoEnergy has launched a new initiative aimed at stimulating the development of a green hydrogen economy in Europe that could be worth up to €100 billion a year by 2025.
