‘Solar is the new king of energy markets’

The advance of PV has been lauded by the International Energy Agency as it launched the latest edition of a flagship World Energy Outlook 2020 report overshadowed by the Covid-19 crisis and uncertainty over how long the economic recovery could take.

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IRENA presents $2tn plan to drive 5.5m renewables jobs by 2023

Doubling down on renewable energy investment and energy transition spending is required to ensure a truly green global recovery from the Covid-19 crisis and its economic aftershock, claims the International Renewable Energy Agency.

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Trafigura to develop 2 GW of renewables though partnership with Australian investment group IFM

Oil and metals trader will join forces with Australian investment group IFM to launch the new entity, which will develop solar, wind and energy storage projects – some of them supplying clean energy to Trafigura operations – as well as making acquisitions.

Energy storage investment to approach $10bn in 2025

Analyst IHS Markit has predicted storage will rebound this year following its first year-on-year decline in 2019. The technology is being rolled out at pace despite Covid-19 with state-level policies set to keep the US the global capital for the next five years.

Q Cells commits to three-year, €125m German R&D spend

The Korean company has committed to invest in solar innovation in Germany at a time when the EU and member states are desperately trying to kick-start the Covid-19 recovery.

Business & Human Rights Resource Centre investigates human rights issues in solar, wind

An assessment of the human rights performance of the world’s leading solar and wind power companies has painted a grim state of affairs, with the only dedicated solar manufacturer analyzed scoring 7%.

Premature inverter failure – 4.2 GW of capacity will be affected this year, says analyst

U.S.-owned business intelligence firm Wood Mackenzie has attempted to evaluate the market opportunities offered by the repowering of solar projects around the world which feature inverters which are 10 years old – as well as those which will expire ahead of time.

Supply chain concerns will drive EV battery recycling policies

With electric vehicles starting to gain traction, the International Energy Agency’s updated, ten-year e-mobility forecast has suggested geopolitical and economic concerns will trump environmental niceties when it comes to encouraging recycling. But what price ever-cheaper batteries?

Analyst expects ‘unprecedented’ consolidation of Chinese solar industry

Private PV manufacturers and project developers alike are set to be squeezed out by the state in the world’s biggest solar market, according to Frank Haugwitz, who has compiled a wide-ranging report as preparations for the next five-year plan gather pace.

Historic-low interest rates will power ahead astonishing solar cost reductions

An Ieefa report has suggested the cost of generating electricity from solar will be near zero in the world’s sunniest regions by 2030-40 – despite what the naysayers at the International Energy Agency might think.

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