According to the U.S. Energy Information Administration’s (EIA) latest inventory of electricity generators, developers and power plant owners plan for 39.7 gigawatts (GW) of new electricity generating capacity to start commercial operation in 2021.

Combined, they accounted for almost 71% (14,734 MW) of the 20,803 MW of new utility-scale capacity reported to have been added thus far in 2020. Year-to-date, wind (8,042 MW) and solar (6,485 MW) have each contributed more new generating capacity than has natural gas (6,039 MW).

There are three primary keys to achieving climate goals: decarbonisation, decentralisation and digitalisation.

The four projects call for a combined investment of EUR 2.02 billion (USD 2.47bn),

China has been increasing the overall utilization rate of renewable energy, with the national average consumption rate of wind power reaching 96 percent, that of solar photovoltaic power hitting 98 percent, and that of water energy in major river basins reaching 96 percent in 2019,

From next year, chemicals maker Ineos will be buying 198 GWh of power annually from the 219-MW Northwester 2 offshore wind park in Belgian waters.

China plans to raise the share of non-fossil fuels in primary energy consumption from around 20% to 25% by 2020, and to raise its total installed capacity of wind and solar power to over 1,200 GW.

In October 2020, the Japanese government presented a plan to achieve carbon neutrality by 2050.

Poland's PKN Orlen said in a press release that its transformation path until 2030 revolves around renewable energy and advanced petrochemicals.

Brazil’s Northeast region concentrates the largest number of wind parks in the whole country thanks to its favourable conditions.

US investment into wind and solar energy will total $55 billion in 2020

These objectives will require a total investment of close to EUR 800 billion (USD 949.5bn) between now and mid-century, the commission estimates.

Driven by global climate and carbon reduction goals, the offshore wind industry is expected to reach 234 GW by 2030,

China had slashed the subsidy in 2020 from the previous year by around 30%

With renewable energy making up a staggering 70% of Kenya’s energy mix in 2018 (Onyango, 2018) and as high as 87% as of January 2020, (Zarembka, 2020) one would be curious to see what steps Kenya took to shape its renewable energy landscape and attract private sector investment.