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Solar PV industry created close to 3.4 million jobs globally in 2017 surpassing other renewable technologies, IRENA report says

The renewable energy industry created more than 500,000 new jobs globally in 2017, a 5.3 per cent increase from 2016, according to the latest figures released by the International Renewable Energy Agency (IRENA) in the fifth edition report Renewable Energy and Jobs – Annual Review 2018, launched at IRENA’s 15th Council which took place in Abu Dhabi  from 8 to 9 May 2018. The report states that the total number of people employed in the sector (including large hydropower) now stands at 10.3 million globally, surpassing the 10 million figure for the first time.

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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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Renewables could reduce Thailand’s energy system costs by $9 billion annually by 2036

With a stronger and more ambitious energy development plan, Thailand’s share of renewable energy in total final energy consumption could surpass its national target by a quarter and reach more than 37 per cent by 2036, according to a new report published by the International Renewable Energy Agency (IRENA) and the Ministry of Energy of Thailand.

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Average Costs for Solar and Wind Electricity Could Fall 59% by 2025, IRENA report says

The average costs for electricity generated by solar and wind technologies could decrease by between 26 and 59 per cent by 2025, according to a report released today by the International Renewable Energy Agency (IRENA). The report,The Power to Change: Solar and Wind Cost Reduction Potential to 2025, finds that with the right regulatory and policy frameworks in place, solar and wind technologies can continue to realise cost reductions to 2025 and beyond.

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Doubling renewables can save up to USD 4.2 trillion annually by 2030, IRENA says

Doubling the share of renewables in the global energy mix by 2030 can save up to USD 4.2 trillion annually by 2030, according to a new report by the International Renewable Energy Agency (IRENA). Savings would be up to 15 times higher than costs, thanks to avoided expenditures on air pollution and climate change.

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