IRENA

The International Renewable Energy Agency (IRENA) released a new report on the sidelines of the Berlin Energy Transition Dialogue this week describing the actions needed so the world complies with targets set at the recent COP29 conference in the United Arab Emirates. IRENA President Francesco La Camera says renewables are the only energy sources with the speed and scale to achieve the ambitious targets set in Dubai.

Cuban Minister of Energy Vicente de la O Levy says 2 GW of planned solar capacity will come from 92 ground-mounted PV plants spread across the island.

Solargiga Energy says it expects to return to a profit of CNY 130 million to CNY 170 million for 2023, while GCL Technology says it anticipates lower profits for the year.

Tripling clean energy generation capacity to 11 TW by 2030 was a leading pledge from the United Nations’ (UN) climate change conference in Dubai. With few details about infrastructure and energy storage and no clear PV targets, however, it is hard to judge the effectiveness of the 28th global Conference of the Parties (COP) meeting. Angela Skujins considers possible impacts for the solar industry.

The Institute for Energy Economics and Financial Analysis (IEEFA) and auctusESG say in a new report that scaling up financing for renewable energy assets such as solar minigrids depends on the combination of private and public capital in a risk-adjusted return structure.

The global solar industry employed around 5 million people at the end of last year, according to recently published employment report by the International Renewable Energy Agency (IRENA). Despite this optimistic statistic, the female experience in the industry is “uneven” as women are mostly hired for administrative work (58%) and an even slimmer margin (13%) hold senior positions.

In its latestt monthly column for pv magazine, the International Renewable Energy Agency explains that, in order to realize Africa’s vast potential, we must ensure there is adequate investment and infrastructure development to support renewable energy. In the coming years, this means urgently overcoming the structural barriers across three priorities: infrastructure, policy, and institutional capabilities.

Coal-dependent Indonesia has huge solar potential but progress toward a net zero economy has been sluggish, explain Daniel Kurniawan and Fabby Tumiwa from the Institute for Essential Services Reform (IESR), an Indonesian thinktank.

The International Renewable Energy Agency (IRENA) has released new data on the cost of capital for solar PV, onshore and offshore wind in the period between 2020 and 2021. Results show that Germany and the Netherlands have the lowest cost of capital in Europe at 2.2%, while the United States, China, India, and Australia show values of 5.4%, 3.9%, 7.1%, and 4.6%, respectively.

The Croatian government has allocated €60 million ($65.6 million) in subsidies for businesses to install 80 MW of renewables and 20 MWh of batteries.