The International Energy Agency (IEA) has published its World Energy Outlook (WEO) 2018, in which it said that the share of renewables in global power generation will increase to over 40 per cent by 2040 from the current 25 per cent.
Spain’s new Government has scrapped a tax that had been widely criticised for undermining the development of solar power.
Kyushu Electric Power of Japan has expressed its intention to call for a temporary suspension of electricity generation from solar power to prevent power oversupply.
Saudi Arabia’s Public Investment Fund (PIF) has described a report from the Wall Street Journal that claimed the Kingdom has stopped a plan to build the world’s biggest solar power generation project as “inaccurate”.
It has been reported that Saudi Arabia has shelved a $200 billion plan with SoftBank Group of Japan to build what would have been the world’s biggest solar power generation project.
The Enterprise Sri Lanka project, launched by the Sri Lankan Ministry of Finance and Mass Media, has received $50 million from the Asian Development Bank (ADB) for a rooftop solar power generation project.
GE Power has been chosen by EPC Construtora Quebec, a Brazilian engineering company, to provide its 4.4 MW and 2.2 MW LV5 1500 V inverters and skids for the 14 MW Verde Vale III solar power project in Guanambi, Brazil.
Pacifico Energy has started construction work on two solar power plants in Japan with a total combined capacity of 184 MW.
SIMEC ZEN Energy has launched a $1 billion 1 GW dispatchable renewable energy programme, consisting of a number of projects, including cogeneration at the Whyalla steel plant in South Australia.
Engie has signed an agreement with the Gabonese financial institution Caisse des Dépôts et Consignations (CDC) to deploy eight hybrid solar power plants in Gabon, with a combined capacity of 2.2 MW.