Renewables set to outprice oil and gas by 2020: IRENA

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According to a report by the International Renewable Energy Agency (IRENA) cited by Reuters, beginning 2020, electricity generated by solar PV and onshore wind is set to become consistently cheaper than the most cost-effective fossil fuel alternative, without subsidies. In essence, more than 80 percent of solar PV and 75 percent of onshore wind power deployments […]

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Renewable capacity growth worldwide stalled in 2018 after two decades of strong expansion, says IEA

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After nearly two decades of strong annual growth, renewables around the world added as much net capacity in 2018 as they did in 2017, an unexpected flattening of growth trends that raises concerns about meeting long-term climate goals, the International Energy Agency (IEA) said. Last year was the first time since 2001 that growth in […]

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World’s biggest solar project in Saudi Arabia likely to include batteries to supply power during night

The world’s biggest-ever solar project, a $200 billion venture in Saudi Arabia, is likely to include batteries to supply electricity even at night time when solar power plants is generally rendered useless. SoftBank Group Corporation has partnered with the oil-rich Saudis to plan massive networks of photovoltaic panels across the sun-drenched desert kingdom. The project is […]

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Solar PV grew faster than any other fuel in 2016; new era for solar power, says IEA

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New solar PV capacity grew by 50% last year, with China accounting for almost half of the global expansion, according to the International Energy Agency’s latest renewables market analysis and forecast. For the first time, solar PV additions rose faster than any other fuel, surpassing the net growth in coal. Boosted by a strong solar […]

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Gas will play a significant role in rapidly changing energy mix: DNV GL study

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The world is experiencing a rapid energy transition, driven by electrification, boosted
by a strong growth of wind and
solar power generation, and further decarbonisation of the energy system, including the decline in coal, oil, and gas, in that order, Norway’s DNV GL said in a study. DNV GL, an international accredited classification society, took an independent […]

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