While global investments in renewable energy have risen steadily in recent years, they remain far below the levels required to put the world on course for a climate-safe future. This report, co-developed by CPI and the International Renewable Energy Agency (IRENA), provides actionable recommendations for policy makers and other stakeholders to scale up investment and […]
Plunging cost of wind and solar marks turning point in energy transition – IRENA
The Agency said the attractive prices of renewables relative to fossil fuel power generation could help governments embrace green economic recoveries from the shock of the coronavirus pandemic LONDON: Plunging costs of renewables mark a turning point in a global transition to low-carbon energy, with new solar or wind farms increasingly cheaper to build than […]
Covid-19 intensifies need to expand sustainable energy solutions
This includes a notable reduction in the number of people worldwide lacking access to electricity, strong uptake of renewable energy for electricity generation, and improvements in energy efficiency New Delhi: 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 […]
Gautam Adani sees COVID-19 as opportunity for faster transition to clean energy
“While the immediate economic impact may slow us down, we are presented with an opportunity to pause, rethink, and design a new and faster transition to a low-carbon future,” he said New Delhi: Billionaire Gautam Adani on Thursday said COVID-19 had an immediate economic impact but the pandemic presents an opportunity to design a new […]
Coronavirus crisis threatens to cut off clean electricity lifeline for poor
The nascent industry fears being starved of new capital as investors shun risk amid an expected recession – a crunch that could force weak firms out of business and scupper progress on a global goal to provide modern energy to everyone by 2030 BARCELONA (Thomson Foundation): Companies that provide clean off-grid electricity to the poor […]
Renewables agency charts path to zero-carbon energy system by 2050
In its inaugural annual Global Renewables Outlook, the Abu Dhabi-based International Renewable Energy Agency (IRENA) said choices by governments would help decide whether the pandemic served to delay or accelerate a low-carbon transition Governments could chart a path to a fully decarbonised energy system by the middle of the century and revive economies hit by […]
Transforming energy systems can create 42 million renewable energy jobs by 2050: IRENA
The report added that while a pathway to deeper decarbonisation requires total energy investment up to $130 trillion, the socio-economic gains of such an investment would be massive New Delhi: Advancing the renewables-based energy transformation could nearly quadruple renewable energy jobs to 42 million by 2050, according to a recent report by International Renewable Energy […]
ADFD, IRENA provide $8mn to Liberia for solar renewable energy project in River Gee
Liberia has received a loan of around USD 8 million from the Abu Dhabi Fund for Development and International Renewable Energy Agency. The objective of the loan is to implement a solar renewable energy project in south-eastern River Gee County. The loan for Liberia will facilitate the construction of a 2.1 megawatt run-of-river hydropower plant […]
Jakson Group to set up 50 Mw greenfield solar plant for Rs 300 cr in UP
Spread over 300 acres, the independent power project is projected to be operational in 18-24 months Solar energy company Jakson Group is investing nearly Rs 300 crore in a solar power plant in Jhansi district of Uttar Pradesh. The 50 megawatt (Mw) independent power plant (IPP), spread over 300 acres, is projected to be operational […]
High-Level Discussion on Renewable Energy and Climate Change to Get Underway in Abu Dhabi as IRENA Members Gather for 17th Council
Agency members to discuss importance of renewable energy as the solution for countries in taking climate action Abu Dhabi, United Arab Emirates: More than 360 government representatives from 116 countries will gather in Abu Dhabi tomorrow to attend the Seventeenth Council of the International Renewable Energy Agency (IRENA). Luxembourg will Chair the Agency’s two-day high-level […]