Almost two-thirds of wind and solar projects built globally last year will be able to generate cheaper electricity than even the world’s cheapest new coal plants, according to a new report from IRENA.
Germany’s Svevind has announced a colossal green hydrogen project that will place some 45 GW of wind and solar energy generation on the steppes of Kazakhstan to produce around 3 million tonnes of green hydrogen annually.
In an effort to accelerate the global transition to all-electric transportation, Indonesia has announced that it will end the sale of combustion engine motorcycles by 2040 and combustion engine cars by 2050.
Hours after becoming the first nation to authorize bitcoin as a legal tender, El Salvador’s President Nayib Bukele instructed a state-owned geothermal electric company to plan to use renewable geothermal energy from the country’s volcanoes for mining for the cryptocurrency.
An international consortium led by Powergrids plans to invest $100 million in three off-grid solar plants intended to power the cities of Gemena, Bumba, and Isiro, which currently have no connection to the country’s power network.
In 2020, the only countries that installed more solar than Vietnam were the U.S. and China.
On May 13, the company announced it plans “to invest $7.4 billion in the U.S. by 2025 to produce future EVs, enhance production facilities, and further its investments in smart mobility solutions.”
The Vineyard Wind 1 project will feature dozens of the world’s most powerful offshore wind turbines, which will work together to generate enough electricity for up to 400,000 homes.
The IEA’s “renewable energy market update” forecasts nearly 40% higher growth in 2021 than it expected a year ago, putting wind and solar on track to match global gas capacity by 2022.
India’s Ministry for New and Renewable Energy recently announced the guidelines for a production-linked incentives scheme for the solar equipment manufacturing sector.
