Renewable generation may thrive with advanced energy storage solutions

Energy Storage Solution - Lightbulb with globe - earth

New storage solutions are needed for clean power to continue to flourish Advanced energy storage solutions could solve the intermittency problems facing renewable generation, according to Fitch Ratings. Such solutions could also revolutionize energy distribution models for utility companies, encouraging them to promote the use of residential clean power systems. Renewables have begun to outpace fossil-fuels in terms of growth, but they will need efficient and effective storage systems in order to continue thriving well into the future. Global storage capacity will have to reach as much as 15 TWh…

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Cost of solar energy continues to fall worldwide

Cost of Solar Energy Falling Worldwid - Down arrow

Solar power is now less expensive to produce than coal The cost of solar energy is falling at rapid pace, according to a new report from Lazard. The report shows that the solar production is now less expensive than coal and this trend is expected to continue well into the future. Notably, the electricity being generated from utility-scale solar plants has seen the most significant price drop: An 86% decrease since 2009. The report from Lazard shows that it costs approximately $50 to produce 1 megawatt-hour of electricity from a…

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Renewable energy now employs more than 10 million globally

Renewable Energy - Global - hand holding world

Report shows that there are more than 10 million clean power jobs There are now more than 10 million people employed in the global renewable energy sector, according to a new report from the International Renewable Energy Agency. Approximately 500,000 new jobs were created within this sector in 2017. This accounted for a 5.3% increase in clean power jobs overall. The trend is expected to continue well into the future as more countries begin to embrace clean power as a way to replace fossil-fuels and cut down on emissions. China…

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EU could reach a higher renewable energy goal by 2030

Renewable Energy - EU Flag

Report suggests that the EU may need to show more support for clean power The European Union could set up more aggressive clean power targets for itself, according to a new report from the International Renewable Energy Agency (IRENA). The report suggests that the EU is capable of reaching higher targets, which could have a significant impact on the fight against climate change. According to the report, the EU is capable of deriving no less than 34% of its electricity from renewable sources by 2030. If successful, this would allow…

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Cost of renewable energy continues to plummet throughout the world

Renewable Energy Decline Throughout the World

Report predicts that clean power will be less expensive than fossil-fuels in two years Renewable energy is set to become less expensive than fossil-fuels within two years, according to a new report from the International Renewable Energy Agency (IREA). The report suggests that aggressive investments in clean power will lead to a steep decline in the cost of energy for consumers and businesses alike. Advances in technology have also made clean energy systems more efficient and less expensive to produce. This has made clean energy, as a whole, much more…

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Geothermal energy could help Central America prosper

Geothermal Energy - Landscape in South America

IRENA highlights the potential benefits of geothermal power in Central America Geothermal energy could be key to helping Central America become a low-carbon economy, according to the International Renewable Energy Agency (IRENA). Central America is home to vast geothermal resources, much of which has gone untapped. This is beginning to change, however, and many Central American countries have now established themselves as leaders in geothermal installations. IRENA suggests that low-carbon economic development could be accelerated in these countries if governments embrace new policies. Countries could tap into geothermal energy for…

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Solar energy industry in the US is experiencing strong growth

Solar Energy Industry Growth in US - Job Application

Solar energy industry has adding jobs faster than the US economy is growing The solar energy industry is having a major impact on employment in the United States. According to a new report from the International Renewable Energy Agency, solar jobs are growing 17 faster than the country’s economy. The report draws upon data from the Solar Foundation. The solar energy industry now has significant economic potential and will likely continue to experience growth despite potential changes to federal energy policies. More than 260,000 people now work in the solar…

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Global solar energy market set to grow sixfold through 2030

Solar power is showing impressive growth Solar energy is set to grow by a significant margin in the coming years, according to the International Renewable Energy Agency. Many countries have come to embrace solar power. These countries are using the power of the sun to distance themselves from fossil-fuels and become more environmentally friendly. Some of these countries are doing this to combat climate change, but many are embracing solar power in order to take advantage of new economic opportunities. As these opportunities become more attractive, the global solar energy…

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Cost of renewable energy expected to drop by 2025

Wind and solar energy will become less expensive by 2025 A new report from the International Renewable Energy Agency predicts that the average cost of both wind and solar energy could fall significantly by 2025. These two forms of clean power have been growing in popularity over the past few years. As a result, the cost of their related technologies has fallen considerably. Notably, photovoltaic technology has become significantly less expensive. This has made solar energy a much more attractive option for those interested in distancing themselves from fossil-fuels. Report…

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$550 billion yearly investment in renewable energy

New report shows that more money is needed in the clean energy space in order to mitigate climate change In order for climate change goals to be met, the world may have to heavily invest in renewable energy every year through 2030. The International Renewable Energy Agency has released a new report that highlights the financial challenges of fighting climate change. The report focuses on the money that would be needed to keep global temperatures from rising by an average of 2 degrees Celsius and shows that such a task…

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IRENA believes solar energy can mitigate climate disasters

IRENA releases new report highlighting climate change and renewable energy The International Renewable Energy Agency (IRENA) is warning that there will be catastrophic consequences from climate change if the world does not hasten its adoption of solar energy and other forms of clean power. This is not a new warning from the organization, which has expressed concern over impending climate catastrophes somewhat regularly in the past. IRENA has released a new report that calls for the aggressive adoption of renewable energy by 2030. Climate change could have a major impact…

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Solar energy could be a boon for island nations and their tourism sectors

IRENA to hold conference highlighting the potential of solar power and its use in tourism The International Renewable Energy Agency (IRENA) is planning to hold a conference in Cyprus this year. The conference will focus on the potential to use solar energy to promote island tourism. The idea is somewhat simple: Island countries are beginning to turn to solar energy to help reduce the energy burden of their tourism industries. Solar power is beginning to attract attention as a viable energy source for hotels, resorts, a numerous other establishments devoted…

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Organizations come together to affect renewable energy policy

Two organizations team to engage policy makers around the world The International Renewable Energy Agency (IRENA) has teamed with the Clean Energy Solutions Center in order to tackle issues concerning energy policy. The two organizations will work together to champion the adoption of renewable energy throughout the world, but will have a strong focus on affecting government policy concerning this endeavor. Politics has come to play a major role in matters of energy and old government policies are becoming a hindrance to the adoption of clean energy in much of…

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IRENA announces funding for renewable energy projects

Funding for new energy projects coming from IRENA and the Abu Dhabi Fund for Development The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development have teamed to invest some $41 million in funding for six renewable energy projects that will take root in developing countries. Developed countries, like the U.S. and the United Kingdom, are considered very attractive markets when it comes to clean power. Smaller, less developed countries, however, are issuing more aggressive support for clean energy than their larger counterparts. This is creating an…

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IRENA undergoes changes and reaches new milestone

China - Clean Energy

IRENA welcomes new member state In 2009, the International Renewable Energy Agency (IRENA) was formed. IRENA is a multi-national organization that promotes the adoption of sustainable forms of energy. For the past three years, the organization has been headquartered in Abu Dhabi, United Arab Emirates. Recently, IRENA has undergone several changes to its structure and has reached a major milestone. The organization has also welcomed a new member, which may end up adding a huge amount of momentum behind the alternative energy initiatives of IRENA. China joins IRENA in order…

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