China has ordered power transmission firms to connect a minimum of 90 gigawatts (GW) of wind and solar capacity to the grid this year, the National Energy Administration said on Thursday, as part of a new policy initiative aimed at meeting its low-carbon targets. The NEA also said it will set targets for the transmission […]
New Wind and Solar Up 50% Globally in 2020, as China Beats US by Over 4 to 1
The United States was lying down on the job. The new report on 2020 by the International Renewable Energy Agency reveals that the world’s renewable energy generation capacity increased by an astonishing 10.3% in 2020 despite the global economic slowdown during the coronavirus pandemic. It beats the previous record for an annual increase in this […]
Corbella: Wind and solar now cheaper than natural gas
But before you get too excited and decide to cut off your natural gas supply, what hasn’t changed is the unreliability of both solar and wind We all remember the disturbing stories coming out of Europe as little as two years ago called the heat or eat phenomenon. The push towards renewable energy contributed to […]
Coalition to divert renewable energy funding away from wind and solar
Scott Morrison says solar and wind are commercially viable and do not need subsidies from the $1.43bn funding The Morrison government will continue to fund Australia’s renewable energy agency to the tune of $1.43bn over a decade but overhaul its mandate so there will be less investment in solar and wind, and more focus on […]
Wind And Solar Now Generate One-Tenth Of Global Electricity Global half-year electricity analysis
This report shows evidence that wind and solar have quickly increased to become a major source of electricity in most countries in the world, and are successfully reducing coal burn throughout the world. Ember’s new half-year analysis aggregates national electricity generation for 48 countries making up 83% of global electricity production. It builds on Ember’s […]
Cheap Gas Imperils Climate Fight by Undercutting Wind and Solar
This will almost certainly be a record-breaking year for the advance of solar and wind power across the U.S. The additions that are in progress or planned are significant enough to boost hopes for emissions-free electrical grids within a generation—if natural gas doesn’t get in the way. It just may. Gas is such a bargain […]
Mainstream Renewable Power Closes USD$580 Million Wind and Solar Financing Deal in Chile
DUBLIN : Global wind and solar development company, Mainstream Renewable Power (“Mainstream” or “The Company”), has reached financial close for the first phase of its wholly-owned and fully-contracted giant 1.3 gigawatt “Andes Renovables” wind and solar power generation platform in Chile. The Company has successfully raised USD$580 million in debt to fund construction of phase one of […]
