A new partnership formed aims to increase investments in renewable energy projects to speed up the global transition to net-zero emissions.

The International Renewable Energy Agency (IRENA) and the Climate Investment Funds (CIF) will leverage their networks and cooperate on scaling up investments in low-carbon energy resources.

IRENA and CIF will share their expertise in raising capital and deployment of renewable energy projects to increase global investments in clean projects for climate mitigation.

IRENA and CIF Partner to Accelerate Clean Energy Investments | Devamı>>>

Renewable power is increasingly cheaper than any new electricity capacity based on fossil fuels, a new report by the International Renewable Energy Agency (IRENA) published today finds. Renewable Power Generation Costs in 2019 shows that more than half of the renewable capacity added in 2019 achieved lower power costs than the cheapest new coal plants.

The report highlights that new renewable power generation projects now increasingly undercut existing coal-fired plants. On average, new solar photovoltaic (PV) and onshore wind power cost less than keeping many existing coal plants in operation, and auction results show this trend accelerating – reinforcing the case to phase-out coal entirely.

Renewables Increasingly Beat Even Cheapest Coal Competitors on Cost | Devamı>>>

IRENA’s first Global Renewables Outlook shows decarbonisation of the energy system supports short-term recovery while creating resilient and inclusive economies and societies.

Abu Dhabi, United Arab Emirates, 20 April 2020 — Advancing the renewables-based energy transformation is an opportunity to meet international climate goals while boosting economic growth, creating millions of jobs and improving human welfare by 2050, finds the first Global Renewables Outlook released by the International Renewable Energy Agency (IRENA) today.

Renewable Energy Can Support Resilient and Equitable Recovery | Devamı>>>

The latest report on energy system developments shows that 176 GWs of new renewable energy capacity accounted for 72% of all new energy capacity additions in 2019.

The data, released in the International Renewable Energy Agency (IRENA)’s annual Renewable Capacity Statistics 2020, showed that while the 2019 figure was slightly lower than 2018’s 179 GW the market continued to expand, up over 7.5%. Asia showed the most spectacular growth, with 54% of total additions while wind and solar power accounted by 90% of capacity deployed.

Renewable Energy Outstrips Fossil Fuel | Devamı>>>

Battery storage systems are emerging as one of the key solutions to effectively integrate high shares of solar and wind renewables in power systems worldwide. A recent analysis from the International Renewable Energy Agency (IRENA) illustrates how electricity storage technologies can be used for a variety of applications in the power sector, from e-mobility and behind-the-meter applications to utility-scale use cases.

Utility-scale batteries, for example, can enable a greater feed-in of renewables into the grid by storing excess generation and by firming renewable energy output.

Battery Storage Paves Way for a Renewable-Powered Future | Devamı>>>

If the hydrogen economy is to advance, it must receive investment support of $70 billion by 2030. That’s according to the Hydrogen Council, which says that the cost to produce and distribute hydrogen from clean energy sources will fall by as much as 50% over the next decade.

Today most hydrogen is produced in reactions involving coal and natural gas, and is considered “grey hydrogen” that does nothing to limit CO2 emissions. The goal, though, is to produce hydrogen from low-carbon energy sources and to expand its use into the transportation and power generation sectors.

How Renewable Energy Will Make All The Cheap Hydrogen We Need | Devamı>>>