Europe has the potential to scale up the manufacture of multi-junction cells and bifacial modules to help achieve its goal of becoming the first climate-neutral continent, a new report suggests.
BP has set lofty targets for its renewables ambitions, backing bifaciality and merchant revenue strategies to provide major boosts as it targets 50GW of renewable capacity by 2030.
The world will need to build five to six times as much solar and wind power per year as in 2019 if a carbon-zero economy is to be reached by the middle of the century, a study has said.
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.
The US federal government must use every tool available, and do so at an unprecedented scale, if it is to sufficiently tackle the climate crisis and stimulate a clean economy.
Energy giant BP has signed a memorandum of understanding (MoU) with JinkoSolar’s development and operations arm JinkoPower Technology to target China’s sizeable C&I power market.
Oil and gas major Shell is to ramp up its renewable energies division in order to decarbonise its operations and strive towards a net-zero-by-2050 target.
