Tag Archives: Irena

Solar and wind power now cheaper than coal

IRENA found 56% of renewable capacity added last year achieved lower electricity costs than new coal power plants. Furthermore, by the end of 2021 it would be cheaper to build new photovoltaic facilities than to keep running active coal power plants of as much as 1.2 TW, more than half of the world total, according … Continue reading Solar and wind power now cheaper than coal

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IRENA Puts Energy Transformation at Heart of Sustainable Recovery Agenda

Report says targeted public spending and policy action will bring immediate jobs and boost GDP – provides recommendations how to maximise recovery while meeting climate goals. Governments can align immediate economic stimulus needs with medium to long-term decarbonisation and sustainable development objectives by targeting policy measures and public spending towards the energy transformation, a new … Continue reading IRENA Puts Energy Transformation at Heart of Sustainable Recovery Agenda

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Renewable energy costs plummet according to IRENA

Solar and wind power technologies keep getting cheaper. The International Renewable Energy Agency (IRENA) released a report earlier this week detailing just how much the cost of developing renewable energy has become.  Diving right into the numbers, IRENA notes that solar photovoltaics (PV) prices have fallen a whopping 82% since 2010 while concentrated solar power … Continue reading Renewable energy costs plummet according to IRENA

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Irena: costs have fallen by onshore wind energy at 40% and offshore wind power at 29%

Renewable electricity costs have fallen sharply over the past decade, driven by improving technologies, economies of scale, increasingly competitive supply chains and growing developer experience. Since 2010, utility-scale solar PV power has shown the sharpest cost decline at 82%, followed by concentrating solar power (CSP) at 47%, onshore wind at 39% and offshore wind at … Continue reading Irena: costs have fallen by onshore wind energy at 40% and offshore wind power at 29%

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SDG 7 at the Heart of COVID-19 Response and Recovery

The global health and economic crisis set off by the COVID-19 pandemic underscores the need for reliable energy access – whether for health facilities to treat patients and store vaccines, for pumps to supply communities with clean water, or to give people the benefits of digital communication technologies. The latest edition of Tracking SDG 7: … Continue reading SDG 7 at the Heart of COVID-19 Response and Recovery

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COVID-19 Intensifies the Urgency to Expand Sustainable Energy Solutions Worldwide

To meet the Sustainable Development Goals (SDGs) targets by 2030, countries must safeguard the gains already attained and accelerate efforts to achieve affordable, reliable, sustainable and modern energy for all. Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable, and modern energy by 2030 … Continue reading COVID-19 Intensifies the Urgency to Expand Sustainable Energy Solutions Worldwide

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IRENA and ESCAP Step up Joint Efforts to Support Asia-Pacific’s Crisis Response

The two organisations will seek to bolster provision of low-cost, sustainable energy to prepare health systems for vaccine delivery and rebuild economies. The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the International Renewable Energy Agency (IRENA) will work together to improve access to sustainable energy, bolstering the Asia-Pacific region’s … Continue reading IRENA and ESCAP Step up Joint Efforts to Support Asia-Pacific’s Crisis Response

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IRENA’s Coalition for Action Calls for Green Recovery Based on Renewables

As COVID-19 rapidly devastates communities and livelihoods, effective response measures are urgently needed to address the immediate as well as the longer-term impacts of the crisis. Over 100 leading players in renewable energy, gathered under the IRENA Coalition for Action, have come together in a joint call for action, putting forward concrete recommendations on how … Continue reading IRENA’s Coalition for Action Calls for Green Recovery Based on Renewables

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Renewable Energy Can Support Resilient and Equitable Recovery

Advancing the renewables-based energy transformation is an opportunity to meet international climate goals while boosting economic growth, creating millions of jobs and improving human welfare by 2050, finds the first Global Renewables Outlook released by the International Renewable Energy Agency (IRENA) today. While a pathway to deeper decarbonisation requires total energy investment up to USD … Continue reading Renewable Energy Can Support Resilient and Equitable Recovery

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African Union and IRENA to Advance Renewables in Response to COVID-19

The African Union Commission (AUC) and the International Renewable Energy Agency (IRENA) have agreed to work closely to advance renewable energy across the continent to bolster Africa’s response to Covid-19. The two organisations will focus on innovative solutions to drive the development of renewable energy including decentralised systems, and to increase access to energy across … Continue reading African Union and IRENA to Advance Renewables in Response to COVID-19

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Renewable Energy in the Time of COVID-19

In a short few weeks, much of the world has been shut down due to the novel coronavirus, COVID-19, which has crossed borders and oceans, rapidly devastating communities and livelihoods. Decisions being taken now to address the social and economic impacts of the crisis come amid profound uncertainty about both the course of the pandemic … Continue reading Renewable Energy in the Time of COVID-19

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Renewables adds 176 GW with solar and wind energy accounting for 90 per cent of additions

The renewable energy sector added 176 gigawatts (GW) of generating capacity globally in 2019, marginally lower than the (revised) 179 GW added in 2018. However, new renewable power accounted for 72 per cent of all power expansion last year, according to new data released by the International Renewable Energy Agency (IRENA). IRENA’s annual Renewable Capacity … Continue reading Renewables adds 176 GW with solar and wind energy accounting for 90 per cent of additions

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The Investment Case for Energy Transition in Africa

IRENA and UNDP’s Africa Centre for Sustainable Development outline why significant investment is needed to transform Africa’s energy system Falling technology costs have made renewable energy a cost-effective way to generate power in countries all over the world, which would drive further development and improved economy. Despite the tremendous efforts that have been deployed at … Continue reading The Investment Case for Energy Transition in Africa

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Battery Storage Paves Way for a Renewable-powered Future

Battery storage systems are emerging as one of the key solutions to effectively integrate high shares of solar and wind renewables in power systems worldwide. A recent analysis from the International Renewable Energy Agency (IRENA) illustrates how electricity storage technologies can be used for a variety of applications in the power sector, from e-mobility and … Continue reading Battery Storage Paves Way for a Renewable-powered Future

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Measures to Strengthen Preparedness and Continuity of Operations Due to COVID-19

Notification by the Director-General of IRENA I would like to inform IRENA Members, States-in-Accession and partner entities that, after careful consideration, the IRENA Secretariat has decided not to hold any physical meetings during March and April at its premises in Abu Dhabi, Bonn, New York and elsewhere. This exceptional measure aims to contain the spread … Continue reading Measures to Strengthen Preparedness and Continuity of Operations Due to COVID-19

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IRENA Invites Renewable Energy Developers to Register Projects on Investment Platform

A landmark initiative launched by a coalition of intergovernmental partners during the UN Climate Action Summit in September 2019, has now entered an operational phase. The International Renewable Energy Agency’s (IRENA) contribution to the Climate Investment Platform, developed in response to country needs to mobilize low-carbon, climate-resilient investments, now calls renewable energy project developers to … Continue reading IRENA Invites Renewable Energy Developers to Register Projects on Investment Platform

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Financing the Global Energy Transformation: Green Bonds

Despite the positive renewable energy investment trends over the past decade, annual investments in renewable energy power alone need to double until 2050 to meet climate goals. To allocate enough capital to drive the world’s transition to a low-carbon economy, a set of financial solutions need to be developed and taken advantage of by policymakers, … Continue reading Financing the Global Energy Transformation: Green Bonds

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IRENA and UN-Habitat Join Efforts to Accelerate Global Energy Transition in Cities

The International Renewable Energy Agency (IRENA) signed a memorandum of understanding (MoU) today with the United Nations Human Settlements Programme (UN-Habitat), to cooperate on sustainable energy in the context of urban development.  IRENA’s studies show that cities are responsible for 65 per cent of global energy demand and the Intergovernmental Panel on Climate Change data … Continue reading IRENA and UN-Habitat Join Efforts to Accelerate Global Energy Transition in Cities

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Discussions on Sustainable Aviation Take Place in Abu Dhabi

Between 2013 and 2018 the number of air travellers increased by 38 per cent, and the International Air Transport Authority (IATA) expects annual passenger numbers to double to 8.2 billion by 2037. While this growth could support up to 100 million jobs over the next 20 years, it will also increase aviation carbon emissions. Finding … Continue reading Discussions on Sustainable Aviation Take Place in Abu Dhabi

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IRENA publishes the report “The future of wind energy”

IRENA, the International Renewable Energy Agency, has published a new report on wind energy, “Future of the Wind”. See below some highlights of the work: The accelerated deployment of wind power, together with significant electrification, could provide a large part (6.3 Gt) of the annual reductions in CO2 emissions required by 2050.Wind energy can cover … Continue reading IRENA publishes the report “The future of wind energy”

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