IRENA

/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…

/BERLIN, June 11, 2024, 9:00 CEST, IRENA/ Today, at the Ukraine Recovery Conference in Berlin, the International Renewable Energy Agency (IRENA) and the Energy Community Secretariat (ECS) jointly put forward a Letter of Intent to closely work together in support of sustainable energy initiatives in Ukraine. Ukraine, an IRENA Member since 2018, appealed to the Agency and its Member Countries during the 2023 IRENA Assembly for their support in rebuilding the country’s damaged renewable energy infrastructure. Within the Agency’s mandate, IRENA has already supported the Ukrainian energy sector by sharing…

/Brussels, Belgium/Abu Dhabi, United Arab Emirates, May 17, 2024, 10:00 BST, IRENA/ Following the historic outcome of the first Global Stocktake to triple global renewable energy capacity and double energy efficiency by 2030, the COP28 Presidency has designated the International Renewable Energy Agency (IRENA) as the official custodian of an annual report series tracking global progress toward these key targets. Building on the Agency’s strong existing collaboration with the Global Renewables Alliance (GRA), IRENA has invited GRA to contribute to this reporting process by providing input and support as the…

/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.

/BONN, September 25, 2023, 9:00 CEST, RENEWABLE MARKET WATCHTM/ 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…

/LONDON, September 22, 2023, 10:00 BST, IRENA, RENEWABLE MARKET WATCHTM/ The International Renewable Energy Agency (IRENA) published a new report, 'Renewable Power Generation Costs in 2022'. In 2022, the global weighted average levelised cost of electricity (LCOE) from newly commissioned utility-scale solar photovoltaics (PV), onshore wind, concentrating solar power (CSP), bioenergy and geothermal energy all fell, despite rising materials and equipment costs.

/LONDON, May 9, 2023, 10:00 BST, IRENA, RENEWABLE MARKET WATCHTM/ 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%.

/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…

/LONDON, August 8, 2022, 10:00 BST, RENEWABLE MARKET  WATCHTM/ Corporate renewable energy sourcing continues to boom across Europe. Power purchase agreements (PPAs) and on-site sourcing are set for another record year. The European PPA market has proliferated, with almost a seven-fold increase from 2016 until 2021. European Commercial and Industrial on-site installations are also enjoying rapid growth, with forecasts showing they could reach a total capacity of 407GW by 2030. The current sharp increase and volatility in energy prices are likely to support the corporate renewable PPAs demand in Europe. Corporate…