World added far more solar than fossil fuel power generating capacity in 2017

The Global Trends in Renewable Energy Investment 2018 report, published on April 5th by UN Environment, Frankfurt School – UNEP Collaborating Centre, and Bloomberg New Energy Finance, finds that falling costs for solar electricity, and to some extent wind power, is continuing to drive deployment. Last year was the eighth in a row in which global investment in renewables exceeded $200 billion – and since 2004, the world has invested $2.9 trillion in these green energy sources.

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Valuing resilience can make PV and energy storage systems economical, report says

Findings presented in a new paper by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) and Clean Energy Group (CEG) show that more integrated solar photovoltaic (PV) and battery storage projects could make economic sense if the value of avoiding power outages is taken into account in project economics.

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Solar PV costs are expected to halve by 2020, IRENA report says

New IRENA report finds all renewable technologies to be competitive by 2020. The cost of generating power from onshore wind has fallen by around a quarter since 2010, with solar photovoltaic (PV) electricity costs falling by 73 per cent in that time, according to new cost analysis from the International Renewable Energy Agency (IRENA).

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GCC power sector to require US $131 billion investment over the next five years, report says

New GCC Power Market’ report produced by construction research firm Ventures Onsite for the  Middle East Electricity (MEE) annual international power industry event,  states that the Gulf Cooperation Council (GCC) is expected to require a combined US $131 billion worth of investment in electricity generation, transmission and distribution over the next five years to cope with increasing demand from growing populations, expanding economies and climatic changes.

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Total global corporate funding into the solar sector increased 41% totalling $12.8 billion in 2017

Mercom Capital Group,  a global clean energy communications and consulting firm, announced yesterday the release of its annual report on funding and merger and acquisition (M&A) activity for the solar sector in 2017.

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