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Renewables will certainly be in charge of almost 90% of brand-new power capacity this year as the field shrugs off COVID-19, with an even better 2021 imminent.

The cost of new-build onshore wind has actually risen 7% year on year, as well as fixed-axis solar has leapt 14%, according to the current evaluation by study company BloombergNEF (BNEF). The worldwide benchmark levelized cost of power, or LCOE, has actually temporarily pulled away to where it was in 2019. Cost rises are connected to rises in the cost of materials, freight, fuel as well as labor.

France's EDF Renewables has introduced a crowdfunding campaign that aims to raise EUR 200,000 (USD 235,100) for a 15.6-MWp to partly fund the building of a solar project in Cote-d'Or division, eastern France.

Iberdrola SA (BME: IBE) has actually pledged to spend up to EUR 3 billion (USD 2.99 bn) to expand its renewable energy capacity in Australia, the business announced on Monday.

Turkey has awarded 12 pre-licences for the installation of renewables-based energy storage space projects with an overall capacity of 744 MW, Mustafa Yilmaz, the head of the nation's Energy Market Regulatory Authority (EMRA), informed Anadolu Agency on Saturday.

The African Development Bank (AfDB) claimed on Friday that its board had approved to extend a USD-2.5-million (EUR 2.56 m) grant to the government of Mozambique to sustain the renewables development in the nation.

KKR snaps up off-grid power pioneer Zenith Energy in an A$1.7 bn deal, aiming to fast-track hybrid microgrids that decarbonise Australia’s remote mines.

Global Energy Services (GES), a Spanish building and construction firm, introduced on Monday that it has actually been awarded a contract to build 129 MWp of solar farms in Spain's Huelva province.

United States renewable energy power plant operator Nextera Energy Resources LLC, subsidiary of power utility Nextera Energy Inc., intends to create around 23 to 30 GW of brand-new renewables in the 2021 to 2024 timeframe.

Oil and gas majors moving aggressively into renewables have to construct and also not buy their way in, or their contribution to worldwide carbon reduction efforts will certainly be considerably minimal, RWE's CFO Markus Krebber has actually said.

Canada-based renewables firm Amp Energy will certainly develop a portfolio of large-scale PV projects and battery energy storage space systems as part of an AU$ 2 billion (US$ 1.55 billion) hub in South Australia.

The battery storage space rollout requires to proceed its upwards trajectory, with enhanced government investing required, according to new data from Cornwall Insight.

Greece's sustainable power plants have produced sufficient electrical energy to provide the nation's entire power demand over a straight five-hour duration on Friday, October 7, new information shows.

Abu Dhabi National Energy Company (TAQA) has actually revealed plans to ramp up its solar PV portfolio with a new strategic plan that will certainly see the power manufacturer purpose to reduce its direct exposure to oil and also gas.

Berde Renewables inked supply deals with KCC Malls and Biotech Farms, highlighting the Philippines’ growing appetite for corporate solar power.