IRENA reported that 11 million people were employed in the global renewable energy industry in 2018, up 6% from 2017.
The British multinational investment bank Barclays has entered RE100, a global initiative committing to source 100% renewable electricity for their global operations by 2030.
The European Commission, European Investment Bank and Breakthrough Energy Ventures have launched ‘Breakthrough Energy Ventures Europe’: a €100m fund to support investments in clean energy.
According to a new report from Moody’s, India will likely see the share of non-fossil fuel power generation capacity to 45% by 2022 against a commitment of 40% by the same year.
America’s clean energy revolution is on the verge of a tipping point. The renewable energy sector is projected to generate more electricity than coal during the month of April.
Chicago has passed legislation committing to running the city on 100 percent renewable energy by the year 2040.
The Navajo Nation voted not to pursue the plan to operate the coal-powered Navajo Generating Station itself, but rather to create a new local economy based on renewable energy.
“Wind energy got 60% of all the new investments in power generation capacity in Europe last year,” said WindEurope CEO Giles Dickson.
The benchmark levelized cost of electricity, or LCOE, for lithium-ion batteries has fallen 35% to $187 per megawatt-hour since the first half of 2018.
Sydney will purchase only 100% renewable energy that’s generated by wind or solar starting next year.
The law will bring lower cost electricity to the island and promote a network of distributed microgrids that will help avoid the prolonged power outages that followed in the wake of Hurricane Maria.
Launched on March 1, the Bangladesh Scaling-up Renewable Energy Project will provide $185 million to add up to 310 MW in renewable energy and aims to mobilize a further $212 million in private sector investment.
In GE’s integrated renewable energy system, electricity from the solar panels is funneled through the wind turbine converter. The overall capacity of the system will increase by 3% to 4%, while boosting annual production by up to 10%.
The state’s next renewable milestone is at 44% by 2024, a 33% growth in just over five full years.
The Spanish government approved the plan proposing that renewables make up 42% of the final energy consumption in 2030.
The first phase of the Shagaya Renewable Energy Park has now been completed with 70 MW of new capacity. Government officials said the project to establish a 1,500-MW solar energy station will be the largest in the Persian Gulf.
“2018 will go down as the year that fossil fuels began an inexorable decline in Australia’s electricity supply.”
India will auction off 40 gigawatts (GW) of solar and wind capacity every year until 2028, part of the country’s goal to produce 40 percent of its electricity from renewable sources by 2030.
Green energy’s share of Germany’s power production has risen to over 40% from 38% percent in 2017 and just 19% percent in 2010.
Washington D.C has unanimously passed a bill to ensure the state runs on 100 per cent renewable energy by 2032.
The projects funded by the new investment could help cut carbon emissions equivalent to those created by 800,000 cars a year.
Electricity from sugar cane now accounts for 14 percent of the island’s needs and, when combined with other renewable sources such as solar, wind and hydro, provides nearly a quarter of daily consumption.
Royal Dutch Shell caved in to growing investor pressure over climate change, setting out plans to introduce industry-leading carbon emissions targets linked to executive pay.
In 2018, 42% of the world’s coal-fired power stations are running at a loss and by 2030, in virtually every case (96%) it will be cheaper to build new renewable energy capacity than to keep coal plants running, according to a new study.
Italian energy giant Enel has announced its Strategic Plan for the next three years, which includes plans to invest €10.6 billion in new renewable energy capacity with plans to create an additional 11.6 gigawatts (GW).