Amazon and ACCIONA announced today two different agreements to cooperate in reaching decarbonization goals and accelerating innovation. ACCIONA will provide clean energy to Amazon in the United States with the electrical production corresponding to 641MW, helping meet Amazon’s company-wide goal to use 100% renewable energy by 2030 and achieve net zero carbon emissions by 2040. … Continue reading Acciona to supply wind energy and solar to Amazon in the US
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IRENA and African Development Bank Partner to Scale up Renewables Investments in Africa
“The Bank’s partnership with IRENA will support Africa’s energy transition and our goal to achieve universal access to affordable, reliable, sustainable and modern energy in Africa by 2030.” – Bank VP Kevin Kariuki “This agreement represents the type of coordinated international cooperation that is the cornerstone of the realisation of sustainable development in Africa and … Continue reading IRENA and African Development Bank Partner to Scale up Renewables Investments in Africa
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EDF Renewables commissions a new solar farm with storage in French Guiana
EDF Renewables, a leading player in wind and solar energies in France, is announcing the commissioning of Toucan 2, a 5 MW photovoltaic power plant equipped with a smart storage system.This new power plant represents another step forward for the energy transition underway in the territory and will help French Guiana meet its goal of … Continue reading EDF Renewables commissions a new solar farm with storage in French Guiana
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IRENA and Pacific Community Announce Joint Efforts to Boost Recovery
The International Renewable Energy Agency (IRENA) and the Pacific Community (SPC) will work together to support Pacific island countries transition their energy systems to renewable energy sources as part of a drive support the post-pandemic recovery. With around 64 per cent of Pacific island residents living without access to reliable energy, and much of the … Continue reading IRENA and Pacific Community Announce Joint Efforts to Boost Recovery
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EDPR secures a 74 MW solar project in the U.S. with a PPA
With this new agreement, EDPR has now secured 87% of the ~7.0 GW targeted wind energy and solar global capacity build-out for 2019-2022 period. EDP Renováveis, SA (“EDPR”), a global leader in the renewable energy sector and one of the world’s largest wind energy producers, through its fully owned subsidiary EDP Renewables North America LLC, … Continue reading EDPR secures a 74 MW solar project in the U.S. with a PPA
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EDP Renewables signs 63 MW PPA with Novartis
EDP Renewables, SA (“EDPR”), a global leader in the renewable energy sector and one of the world’s largest wind energy producers, through its subsidiary EDP Renovables España S.L.U., has secured a 15-year Power Purchase Agreement (“PPA”) with Novartis, a global medicines company, to sell electricity to be produced by a portfolio of 63 MW of … Continue reading EDP Renewables signs 63 MW PPA with Novartis
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ACWA Power consortium wins Red Sea Project utilities deal
The Red Sea Development Company (TRSDC) has awarded its highest-value contract to date to a consortium led by ACWA Power to design, build, operate and transfer The Red Sea Project’s utilities infrastructure. The contract, procured as an independent public-private partnership (PPP), will cover the design, construction and operation of the systems providing utilities, accompanied by … Continue reading ACWA Power consortium wins Red Sea Project utilities deal
Continue readingRenewable energy capacity is expected to increase by 4% this year
The report, released on Tuesday, is an update to the IEA’s May forecast, which was released when the COVID-19 pandemic was shutting down economies around the world. The updated report provides analysis and forecasts through 2025 on the impact that COVID-19 will have on renewables.MORE: Green cement: Startup aims to solve construction’s carbon emissions problem … Continue reading Renewable energy capacity is expected to increase by 4% this year
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IRENA drives UN Climate Action Pathway on Energy
2020 was meant to be the “year of climate action,” with more ambitious national climate plans due under the Paris Agreement. While 2020 has so far brought loss and uncertainty with the COVID-19 pandemic being the most urgent threat today, it cannot be forgotten that climate change remains the biggest long-term threat to humanity and … Continue reading IRENA drives UN Climate Action Pathway on Energy
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Triple investment in wind energy, solar thermal and photovoltaic energy to reach the climate goal
Global renewable energy investment increased between 2013 and 2018, reaching its peak at USD 351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI).” The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative USD 1.8 trillion were … Continue reading Triple investment in wind energy, solar thermal and photovoltaic energy to reach the climate goal
Continue readingIRENA Council Meets as Agency Renews Call for Recovery Built around Energy Transformation
Representatives from across the world will participate in the 19th and 20th Council of the International Renewable Energy Agency (IRENA) this week, amid a backdrop of renewed calls from the Agency to build the post-Covid economic recovery around the energy transformation. Burkina Faso Energy Minister H.E. Bachir Ismael Ouedraogo, will serve as Chair for the … Continue reading IRENA Council Meets as Agency Renews Call for Recovery Built around Energy Transformation
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Renewable Energy Solutions for Climate-Safe Cities
Renewable energy solutions can be the backbone of urban decarbonization efforts, a new report by the International Renewable Energy Agency (IRENA) and the International Climate Initiative (IKI) on the Rise of renewables in cities: Energy solutions for the urban future finds. Responsible for over 70% of total energy-related CO2 emissions, cities are increasingly relevant in … Continue reading Renewable Energy Solutions for Climate-Safe Cities
Continue readingEnergy Transition Policies to Maximise Socio-economic Benefits
IRENA supports its Members to deploy renewables and reap the full benefits of energy transition through integrated policies COVID-19 has put a lot of pressure on the energy sector, but renewable energy has been shown to be resilient, providing clean, reliable, easy to mobilise and cost-effective energy solutions. IRENA’s Post-COVID recovery: An agenda for resilience, … Continue reading Energy Transition Policies to Maximise Socio-economic Benefits
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Wind energy and solar power remain the country’s most affordable sources of new electricity
For energy wonks, Lazard’s Levelized Cost of Energy Analysis 14.0 is always one of the year’s most anticipated reports. It’s the gold-standard when comparing the cost of different power generation technologies on an objective, equitable basis. No surprise, Lazard finds that wind and solar continue to be the lowest-cost sources of new power generation across … Continue reading Wind energy and solar power remain the country’s most affordable sources of new electricity
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EDPR secures a PPA for two solar power projects in the U.S.
With this new agreement, EDPR has now secured 85% of the ~7.0 GW targeted wind energy and solar power global capacity build-out for 2019-2022 period. DP Renováveis, SA (“EDPR”), a global leader in the renewable energy sector and one of the world’s largest wind energy producers, through its fully owned subsidiary EDP Renewables North America … Continue reading EDPR secures a PPA for two solar power projects in the U.S.
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Hydropower to help integrate wind power and solar energy resources
The American Wind Energy Association (AWEA) today issued the following statement after the U.S. hydropower industry and environmental and conservation organizations agreed to increase collaboration on decarbonizing the nation’s electric grid, while protecting America’s waterways. AWEA this year partnered with America’s hydropower, solar, and energy storage industries as part of a shared vision of renewables … Continue reading Hydropower to help integrate wind power and solar energy resources
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Islands Aim to Phase out Fossil Fuels and Build Climate Resilience
From the Atlantic Ocean and the Caribbean to the farthest reaches of the Indian and Pacific oceans, island communities face common and increasingly daunting energy challenges. On top of their vulnerability to climate change, Small Island Developing States (SIDS) tend to have limited primary energy resources, leaving them dependent on imported fossil fuels. This means … Continue reading Islands Aim to Phase out Fossil Fuels and Build Climate Resilience
Continue readingIberdrola builds hybrid wind energy and solar power plant in Australia
After the acquisition of Infigen, ground has been broken on its first renewable project in Australia, with 317 MW capacity and A$ 500 million investment. Iberdrola gets down to business in Australia with the construction of its first renewable energy project after the friendly acquisition of Infigen Energy, one of the country’s key developers of … Continue reading Iberdrola builds hybrid wind energy and solar power plant in Australia
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Wind energy and solar hybrid systems can power India’s renewables growth
India’s total wind-solar hybrid capacity is expected to grow rapidly to reach nearly 11.7 gigawatts (GW) by 2023, according to a new report by IEEFA and JMK Research. “This is a new and fast-growing market in India,” say the report’s authors Vibhuti Garg, energy economist at the Institute for Energy Economics and Financial Analysis (IEEFA), … Continue reading Wind energy and solar hybrid systems can power India’s renewables growth
Continue readingSolar and wind energy accounted for 67% of aggregate generation in 2019
The share of renewables in new energy installations in 2019 increased compared to 2010, when it was less than 25%.In 2019, solar photovoltaic, concentrated solar power and wind power accounted for two-thirds of the 265 gigawatts of power generation capacity added to the system worldwide. The data comes from BloombergNEF’s Power Transition Trends 2020 (BNEF) … Continue reading Solar and wind energy accounted for 67% of aggregate generation in 2019
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