Solar investment outshines oil: IEA
Investment in solar power is anticipated to overtake oil for the first time this year as clean energy spending outpaces that for fossil fuels, the IEA stated in a report Thursday.
May 25, 2023 // Markets & Finance News, IEA
Southeast Asia Demands US$ 200bn for Swift Energy Transition by 2030: IEA
It was said in the report that general, financial investments in clean energy revealed a troubling pattern- for every single dollar purchased sustainable power capacity in Southeast Asia, an additional dollar was purchased unmitigated fossil fuels.
Mar 28, 2023 // Market Research, Solar Energy, renewables targets, IEA, Wind Energy, Energy sector, clean energy transition, emerging & developing economies, public finance, state-owned utilities, unabated fossil fuels
Energy crisis fuels renewables boom: IEA
The energy crisis is fuelling an acceleration of the rollout of renewable power, elevating wish for efforts to fulfill enthusiastic targets against international warming, the International Energy Agency said Tuesday.
Dec 6, 2022 // Markets & Finance News, IEA
A South American Success Story In Renewables-- Chile
Chile is an overachiever in meeting its electrical power requires from renewables Its target was to achieve 20 per cent by 2025 South American country Chile has actually emerged as a surprise success story when it comes to adding renewable capacity. The nation has virtually 22 percent of its electrical energy demand met by solar as well as wind farms.
Nov 16, 2022 // Markets & Finance News, IEA, International Energy Agency, El Romero Solar Farm, Sierra Gorda Enel Solar PV Park, Sol de Lila Solar Power Park, The Concentrated Solar Power de Cerro Dominador Plant
'Indonesia needs renewables policy push'
Solar projects are greater than two times as expensive as those in comparable arising market countries, says IEA
Sep 2, 2022 // Market Research, Asia, Indonesia, IEA
'Diversification is a have to': IEA cautions on China's expanding dominance of solar PV supply chain
A safe change to net zero exhausts around the world will require countries to expand and also broaden the production of solar modules, whose supply chains are heavily concentrated in China, according to new research from the International Energy Agency (IEA).
Jul 8, 2022 // Manufacturing News, Markets & Finance News, India, China, Asia, bankability, IEA, Fatih Birol, silver, net zero, sustainability, supply chain, domestic manufacturing, tax incentives
CrossBoundary Gets $25 Million For Solar Power Mini-Grids Expansion In Africa
CrossBoundary has actually raised $25 million funding from various capitalists-- ARCH Emerging Markets Partners Limited, Bank of America, as well as Microsoft Climate Innovation Fund. Solar energy as well as batteries that will make the mini grids will certainly assist in supplying 24X7 electricity to houses as well as small companies
Jun 17, 2022 // Markets & Finance News, Solar Energy, IEA, bank of america, International Energy Agency, solar funding, CrossBoundary Energy Access, Amy Brusiloff, ARCH Emerging Markets Partners Limited, CBEA, Gabriel Davies, Humphrey Wireko, Microsoft Climate Innovation Fund, renewables in Africa
Georgia to invest in multiple renewable energy projects
Georgia will invest $200 million in wind, hydropower as well as solar projects. Deputy Economy Minister Romeo Mikautadze said that the locations for the renewable projects have already been picked in the Gori, Ksani and Aspindza regions.
May 17, 2022 // Markets & Finance News, USA, Georgia, Europe, North America, IEA, wind, hydropower, solar projects, International Energy Agency, Aspindza, Georgian Government Administration, Gori, Ksani, Irakli Garibashvili, Romeo Mikautadze
China, Europe Will Lead World To Record-breaking RE Capacity In 2022
The worldwide capacity enhancements are anticipated to rise this year to 320 GW.
May 11, 2022 // Markets & Finance News, USA, China, Latin america, Europe, Asia, North America, IEA, hydropower, Wind Energy, Onshore
Europe can halve gas usage, save US$ 350bn by 2030 by doubling renewables release
Europe can cut in half the amount of gas in its energy mix and decrease energy costs by EUR323 billion (US$ 356 billion) if it rapidly accelerates renewable release, according to a brand-new report from energy technology group Wärtsilä.
Mar 29, 2022 // Markets & Finance News, Ukraine, Europe, European Union, IEA, european commission, Wartsila, Fossil Fuels, energy crisis, russian gas
World's Largest Rooftop Solar Power Plant Launched in Turkey
China's Huawei as well as Turkey's Tosyali Holding are constructing the rooftop solar project with an investment of $71 million. The 140MW project will assist cut 116,525 MT of carbon emission from the steel market of Turkey every year.
Mar 14, 2022 // Rooftop PV, Huawei, rooftop solar, IEA, International Energy Agency, Fatih Dogan, Fuat Tosyali, Jing Li, Osmaniye, SolarAPEX, Tosyali Holding
Faster Solar, Wind Deployment In IEA's 10 point plan for Reducing EU Dependence on Russia
The International Energy Agency (IEA), in a 10 point plan for Europe to reduce its dependence on Russian energy products, has actually made a strong pitch for more renewables, energy performance, and branching out of distributors, for Europe to reduce its dependence on Russia.
Mar 9, 2022 // Policy, Europe, Asia, IEA, Russia, Kadri Simson, International Energy Agency
IEA introduces 10-point plan to reduce EU reliance on Russian gas, requires better solar implementation
The International Energy Agency (IEA) has actually released a 10-point strategy to minimize the European Union's dependence on Russian gas that consists of the accelerated deployment of eco-friendly power as the battle in Ukraine destabilises the continent's energy protection.
Mar 7, 2022 // Markets & Finance News, Europe, Asia, rooftop solar, IEA, Russia, energy security, capacity additions, IEA report
Solar PV remains 'powerhouse of growth' despite greater commodity prices-- IEA
Global solar PV deployment gets on track to grow by 17% this year despite surging commodity prices raising production costs, according to the International Energy Agency (IEA).
Dec 1, 2021 // Markets & Finance News, IEA, net zero, auctions and tenders, International Energy Agency, freight
PV to drive renewables investing growth in 2021 however complete investment far from net no path-- IEA
Renewables are readied to make up 70% of international financial investment in new power generation capacity this year with solar PV leading the development, but investing on clean energy have to increase much more swiftly if the world is to fulfill its environment objectives.
Jun 2, 2021 // Markets & Finance News, solar finance, IEA, energy transition, solar investment, covid-19 recovery, International Energy Agency