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The International Energy Agency (IEA) has stated it expects yearly solar PV additions worldwide to surpass 160GW by 2022, affirming the technology's placement as the "brand-new king" of worldwide electricity markets.

Canadian independent power manufacturer (IPP) TransAlta Renewables Inc (TSE: RNW) claimed today it has actually consented to buy a 122-MW solar power plant portfolio in North Carolina from a fund handled by Copenhagen Infrastructure Partners (CIP).

A bullish Brazilian PV market has marked its latest milestone this year, becoming the cheapest electricity source of an auction it was allowed to enter for the first time this month.

The government of Ecuador on Monday announced it will certainly conduct 3 public choice procedures for new power projects, amongst them a tender to award giving ins for the construction and procedure of 500 MW of renewables.

Turkey's Sabanci Renewables Inc has hired US design firm Bechtel Corp to construct the 272-MW (dc) Cutlass Solar II project it lately acquired in Fort Bend County, Texas.

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.

San Diego, California-based renewable resource developer Pathway Power LLC on Wednesday stated it has actually protected a USD-36-million (EUR 36m) strategic financial investment from Forest Road Renewables, part of speciality money platform The Forest Road Company.

Google pre-qualified bidders and used reverse auctions to obtain the lowest price for renewable energy. Reverse auctions for corporate purchases could potentially benefit solar developers, if their transparency and simplicity can influence more corporations to procure green power.

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.

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.

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 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.

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.

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.

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.