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(Reuters) – The world risks missing a goal to triple renewable energy capacity by 2030 as the current growth rate is inadequate, a report by the International Renewable Energy Agency (IRENA) showed on Thursday. CONTEXT A U.N. climate change conference in Dubai last year set a goal of tripling renewable energy capacity worldwide by 2030 …
Renewables Growth Rate Insufficient to Reach 2030 Target, says IRENA Read More »
(Reuters) – Combined electricity generation from solar and wind farms in the United States surpassed output from nuclear plants for the first time during the opening half of 2024, cementing renewable energy assets as the primary source of clean power in the country. Electricity generation from utility-scale solar and wind assets during the first half …
U.S. Renewables Electricity Output Overtaking Nuclear Read More »
Summary Industrial, commercial solar installations up 81% in early 2024 Energy savings and future price stability are key incentives Large rooftop solar subsidies tender bids up 107% y/y (Reuters) – For months, Philip Matthias tried to convince his father to install solar panels on their company’s roof in the eastern German state of Thuringia, aiming …
German Industry Turns to Solar in Race to Cut Energy Costs Read More »
LITTLETON, Colorado, June 19 (Reuters) – California has long been the dominant player in the U.S. solar sector, but its share of national solar electricity output has fallen from 100% in 2003 to under 30% last year, data from the U.S. Energy Information Administration (EIA) shows. That rapid drop in California’s solar power share reveals …
The Key States Driving the U.S. Solar Power Boom Read More »
(Reuters) – President Joe Biden’s administration on Tuesday unveiled final rules for new clean energy subsidies in an effort to make jobs and wages in green industries competitive with those in oil and gas. The guidelines for companies seeking to claim tax credits tied to job quality are aimed at delivering on Biden’s vision that …
U.S. Unveils Rules for Subsidies to Boost Clean Energy Wages Read More »
(Reuters) – Japan, a major coal and liquefied natural gas (LNG) buyer, could be energy-independent by 2060 thanks to expansion of solar and wind power together with storage batteries, said Jarand Rystad, chief executive of the Rystad Energy consultancy. Japan imports most of its energy resources, with the Middle East, Australia and the United States …
Japan Could be Energy-Independent by 2060 Thanks to Renewables, Rystad Energy CEO Says Read More »
The US election in November may leave certain Inflation Reduction Act programs and regulations vulnerable to repeal, according to KKR & Co.’s global head of infrastructure, Raj Agrawal. “Many of our clients are asking whether we think there is an electoral outcome that will result in the repeal of the Inflation Reduction Act, which is providing …
U.S. Election May Leave Parts of Inflation Reduction Act Vulnerable, KKR Says Read More »
(Reuters) – A two-year U.S. tariff holiday on solar panels from Southeast Asia expires on Thursday, starting the clock ticking for American project developers to use the huge amount of equipment they stockpiled duty-free over that period by the end of this year. The dynamic could result in a mini-boom in already red-hot U.S. solar installations, …
U.S. Solar Projects Could Boom Amid Deadline to Use Up Tax-Exempt Panel Glut Read More »
LONDON, June 6 (Reuters) – Global investment in clean energy technology and infrastructure is set to hit $2 trillion this year, twice the amount going into fossil fuels, an International Energy Agency report showed. Total energy investment is expected to exceed $3 trillion for the first time in 2024, the IEA said in its annual …
IEA Expects Global Clean Energy Investment to Hit $2 trillion in 2024 Read More »
(Reuters) – Countries’ climate plans are not yet in line with a goal to triple renewable energy capacity worldwide by 2030 which was set at the COP28 climate summit in Dubai last year, a report by the International Energy Agency (IEA) said on Tuesday. WHY IT’S IMPORTANT The target would involve increasing installed renewable energy …
