More than 260 GW of renewable energy was added globally in 2020, surpassing 2019’s previous net increase record by almost 50%, data from the International Renewable Energy Agency found. Australia’s pace of growth was almost double the global average, coming in at 18.4%.
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.
Hanoi has set new feed-in tariff rates for utility-scale, rooftop and floating PV projects, ending a long period of policy uncertainty. The government has announced the new rates, which are broadly in line with industry expectations, roughly 10 months after the expiration of its old tariffs.
Global grid-connected solar capacity reached 580.1 GW at the end of 2019, along with 3.4 GW of offgrid PV, according to the International Renewable Energy Agency. Total installed renewables capacity hit a remarkable 2,563.8 GW, with hydropower remaining the dominant source at 1,310.9 GW, followed by wind at 622.7 GW.
“It’s a pivotal time to be working in the industry,” said Women in Focus award recipient Bridget Ryan. The GreenSync Policy and Government Lead has seen great change in her two decades in the industry, but recognises there is still a way to go.
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