/MUNICH, October 26, 2021, 11:30 CET, RENEWABLE MARKET WATCH^TM/ Green hydrogen will play a crucial role in the climate-friendly energy mix of the future. The Green Hydrogen Manifesto, which was presented today as part of The smarter E Europe Restart 2021 at Messe München, provides valuable insights and inspiration on how to promote the use of this energy source. With this manifesto, the initiators Hydrogen Europe, German Hydrogen and Fuel-Cell Association DWV, European Electrolyzer & Fuel Cell Forum EFCF and The smarter E Europe aim to send a clear signal in favor of decarbonization and a sustainable circular economy.

/LONDON, September 16, 2021, 9:30 BST, RENEWABLE MARKET WATCH^TM/ The UN High-Level Dialogue on Energy aims to provide transformational action on the energy-related goals of the 2030 Agenda and support the implementation of the Paris Agreement. The world has less than nine years to achieve the goal of ensuring clean energy for all, and we are falling behind. Transformational energy transitions require dramatically upscaling renewable energy and energy efficiency and equally downscaling and phasing out coal and other fossil fuels while innovating for the future, to arrive at the global decarbonization goal required to achieve net zero by 2050.

/AMSTERDAM, October 13, 2021, 9:00 BST, RENEWABLE MARKET WATCH^TM/ The RE-Source Event is the annual gathering of corporate buyers and clean energy suppliers, where existing challenges are tackled and future solutions are born. Join us to learn, share experiences and do business with companies in Europe. The 2021 event will take place in the Okura Hotel in Amsterdam, the Netherlands, on 14-15 October. Exclusive activities will also be available to corporate buyers on 13 October. Whether you’re an experienced buyer or seller or new to the market, this is the event for you. Be part of our growing community, get inspired, and succeed in powering your business with clean electricity.

/BONN, September 25, 2023, 9:00 CEST, RENEWABLE MARKET WATCH^TM/ Today we are delighted to announce Renewable Market Watch™ will participate in the IRENA Innovation Week, which brings together leaders, experts, industry representatives, academics and policymakers to discuss cutting-edge innovations that can support and accelerate the global energy transition. In 2023, the event will build on previous editions in 2016 and 2018, which examined the decarbonisation of power systems and the integration of variable renewable energy, and the 2020 edition (held virtually) that discussed prospects for decarbonising end-use sectors. Innovation Week 2023 will continue this theme, with a view to expanding shared knowledge on Renewable solutions to decarbonise end-use sectors.

/30^th June 2021, IRENA, RENEWABLE MARKET WATCH^TM/ Between 2000 and 2020, renewable power generation capacity worldwide increased 3.7‑fold, from 754 gigawatts (GW) to 2 799 GW, as their costs have fallen sharply, driven by steadily improving technologies, economies of scale, competitive supply chains and improving the developer experience. Costs for electricity from utility-scale solar photovoltaics (PV) fell 85% between 2010 and 2020. Renewables are becoming more and more competitive in the energy landscape. The data from the IRENA Renewable Cost Database shows cost declines continued in 2020, with the cost of electricity from utility-scale solar photovoltaics (PV) falling 7% year-on-year, offshore wind fell by 9%, onshore wind by 13% and that of concentrating solar power (CSP) by 16%.

/26^th June 2020, IRENA, RENEWABLE MARKET WATCH^TM/ Installing new renewables increasingly costs less than the cheapest fossil fuels. With or without the health and economic crisis, dirty coal plants were overdue to be consigned to the past. Newly installed renewable power capacity increasingly costs less than the cheapest power generation options based on fossil fuels. The cost data presented in the recent comprehensive study from the International Renewable Energy Agency (IRENA) confirms how decisively the tables have turned. Next year, up to 1 200 gigawatts of existing coal-fired capacity could cost more to operate than new utility-scale solar photovoltaic (PV) costs to install, the report shows. Replacing the costliest 500 gigawatts of coal capacity with solar and wind would cut annual system costs by as much as USD 23 billion per year and reduce annual carbon dioxide (CO2) emissions by around 1.8 gigatonnes, or 5% of last year’s global total. It would also yield a stimulus worth USD 940 billion, or around 1% of global GDP.

/LONDON, May 9, 2023, 10:00 BST, IRENA, RENEWABLE MARKET WATCH^TM/ The International Renewable Energy Agency (IRENA) published a new report, 'The Cost of Financing for Renewable Power'. Validated survey and interview results for the cost of capital of renewable power generation technologies were obtained for 45 countries on six continents. A total of 172 valid survey and interview responses were elicited from 56 experts through the survey and 33 experts in semi-structured interviews. The current cost of capital ranges from 1.1% to 12%.

/21^st July 2020, Alliance for Rural Electrification (ARE), RENEWABLE MARKET WATCH^TM/ In light of the transitory global situation with COVID-19 and the precautionary measures implemented by the Zambia Ministry of Health to quarantine all international travellers for 14 days, ARE has decided to postpone the 6th ARE Energy Access Investment Forum to 17-18 March 2021. EAIF is a well-established political exchange and business event organised by ARE with local and regional partners - aimed at assisting the private and public sector to get up to speed on the latest developments in the off-grid sector and do business. The ARE Forum is supported by our long-standing partner GET.invest, a European programme that mobilises renewable energy investments.

/5^h April 2021, SolarPower Europe/ Join us for the second digital edition of the SolarPower Summit! The year 2021 is not just “any year”. Amidst the COVID-19 pandemic, European economies and industrial sectors have been under extreme pressure, and the lives of all Europeans have changed profoundly. The European Recovery Plan adopted by EU Member States in July 2020 aimed not only to mitigate the devastating impacts of the pandemic, but to seize a historic opportunity to revive our economies and industries, placing the fight against climate change at the heart of Europe’s future job creation and growth strategy.

/BRUSSELS, March 10, 2022, 10:00 GMT, SolarPower Europe/ In a world currently facing an array of challenges from the ongoing Covid-19 pandemic to a huge hike in energy prices and the looming threat of climate change, solar is coming to the fore as the solution to some of our most pressing issues.

We know solar can, and must, significantly drive the transition to green energy. In less than ten years, solar power has transformed into the energy solution with the lowest costs and highest flexibility. Innovators are expanding the capabilities of solar technology every day. Manufacturing is making its way back to Europe. The challenge that remains: we need to be faster.

/BRUSSELS, January 12, 2023, 10:00 GMT, SolarPower Europe/ The energy crisis is on everyone’s mind. Europe is faced with choices: reinforced dependency on fossil fuels, or stronger energy security? More LNG terminals, or more solar fields? Europe must opt for the right solution to fix the energy crisis. Only solar and renewables will take us out of the energy crisis, strengthen our security, and put us on track to achieve Europe’s urgent climate goals. The energy security finish line is in sight and Europe is equipped with an EU Solar Strategy. But to implement the historic solar expansion we need, we still have hurdles to overcome.

/BRUSSELS, January 19, 2024, 10:00 GMT, SolarPower Europe/ The Mission Solar sets out new frontiers: Decarbonising our energy systems, and keeping our planet habitable. Strengthening Europe’s energy supply and defending our security. Empowering citizens and democratising energy.  As we face our future, we draw on the collaboration, the technological advancement, and the political drive that can take us into new worlds. As solar meets deeper challenges this decade, the sector must cross these next frontiers as pioneers before us.

/Abu Dhabi, United Arab Emirates, July 11, 2024, 8:30 BST, IRENA/ The Renewable Energy Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that despite renewables becoming the fastest growing source of power, the world risks missing the tripling renewables target pledged at COP28. To stay the course, the world will now have to grow renewables capacity at a minimum 16.4% rate annually through 2030. The unprecedented 14% increase of renewables capacity during 2023 established a 10% compound annual growth rate (2017-2023). Combined with the constant decreasing additions of non-renewable capacity over the years, the trend sees renewable energy on its way to overtake fossil fuels in global installed power capacity.