Global investment in renewables to bounce back in 2021 to pre-COVID levels

Global CAPEX spending on renewables is poised to bounce back in 2021, rising 8.5% to $255 billion—in line with 2019 levels, according to IHS Markit Energy. Annual spending is expected to remain at those...

Ingeteam achieves 100 percent growth in O&M services for renewables in the United Kingdom

For Ingeteam, 2020 has been the year in which the company has strengthened its renewables business in the United Kingdom, winning contracts that have allowed it to double its maintained power in as little...

Global demand for corporate renewable electricity sourcing continues to grow despite COVID-19 pandemic

Corporate renewable electricity sourcing in Europe has shown continuous growth despite the COVID-19 pandemic, demonstrating the resilience and potential of Europe’s renewable energy sector. In November 2020, the cumulative contracted volume of corporate renewable...

After attracting a record $32 billion from abroad in 2019, clean energy in emerging...

As 2019 came to a close, the outlook for renewable energy growth in developing economies was exceptionally bright. Power-generating capacity from solar plants such as photovoltaic projects reached 325 GW, up from just 1GW...

European oil companies lead way in renewable strategy with top six having over 28...

European international oil companies (IOCs) are leading the way in terms of progressing strategies for renewable power growth, ahead of US players that have not, so far, made the same switch. The top six...

Accelerated electrification coupled with renewables can put China on path toward carbon neutrality

BloombergNEF (BNEF) and Bloomberg Philanthropies has released “China’s Accelerated Decarbonization” – a new white paper detailing how China could take major steps toward its recently announced carbon neutrality pledge. These will involve the electrification...

Urgent action needed for the energy transition in heating and cooling

The transition to cleaner, more sustainable heating and cooling solutions can attract investment, create millions of new jobs and help to drive a durable economic recovery in the wake of the global COVID-19 crisis,...

Renewable power is defying the COVID crisis with record growth this year and next

Renewable power is growing robustly around the world this year, contrasting with the sharp declines triggered by the COVID-19 crisis in many other parts of the energy sector such as oil, gas and coal,...

Policy and commitment necessary for success in the energy transition according to 2020 World...

The World Energy Council in partnership with Oliver Wyman has unveiled the latest progress for almost 130 countries on policy development and actual performance related to Energy Security, Equity and Environmental Sustainability. The 2020 World...

Tripling renewables investment to reach climate goal

Global renewable energy investment increased between 2013 and 2018, reaching its peak at USD 351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative...