power generation

Solar accounted for half of all global power generating capacity added last year, with 182GW deployed, a 25% increase on 2020, according to a report from BloombergNEF (BNEF).

Energy giant Statkraft intends to develop 4GW of onshore renewables each year by 2030, an acceleration of its previous 2025 target of 2.5GW - 3GW.

Solar and wind power reached a record 10% of global electricity in 2021. That milestone has now been reached by 50 countries across the world including all five of the world’s largest economies, although power sector emissions have reached an all-time high, according to energy thinktank Ember.

Favorable weather conditions in Germany contributed to renewables accounting for more than half of power generation in January and February this year.

Shell Energy North America (SENA) has agreed to buy power services company MP2 Energy.

Energy giant Total has said it wants to be a top three player in the solar energy industry within the next 20 years.

Solar capacity grew by 47GW (26%) during 2015 as a result of module prices dropping as much as 80% over the same period, according to the latest data from the International Renewable Energy Agency (IRENA).

Thai coal mining company Banpu will invest up to US$170 million in Japan’s solar market, according to a report by news agency Reuters.