Central and southeastern European countries could cost-effectively cover more than one-third (34%) of their energy demand with renewables within ten years, a new report by the International Renewable Energy Agency (IRENA) finds.
As the European Union forges ahead with its green recovery and looks to meet new emissions reduction targets, member states should ensure they convey the benefits of solar power to citizens while also building partnerships with industry, according to a panel speaking at this week’s SolarPower Summit.
IRENA finds world could save US$23bn per year if it replaced costly coal with cheaper solar and wind while Imperial College-IEA conclude green energy plays make more money at lower risk.
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.
New deal will see green energy body IRENA assist with large-scale roll-out of solar and others, a plan for continent to tap into its vast renewable resources to power its response to COVID-19.
Asia, US, Australia, Spain are among the highlights of year for which IRENA found 98GW of new solar installs, an estimate below the 110-120GW range offered by different analyses.
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.
Mercom stats paint bright picture for corporate solar funding in 2019 but IRENA warns capital flows to broader renewables must more than double by 2030 to combat global heating.
PV reaps lion's share of seventh funding round of IRENA/ADFD's project facility, set to back solar ventures in Africa and the Caribbean totalling at least 42.5MW.
