This 2.1 GW programme is part of South Korea's strategy to become carbon neutral by 2050.

As Texas plunged into darkness last month, its power markets turned to chaos. The financial repercussions of that chaos are becoming apparent now.

The polar vortex which incapacitated much of the electric grid in Texas is gone, but the financial vortex is happening now in the state and will be around for years, if not decades.

After this record year for wind turbine capacity additions, total wind turbine capacity in the United States is now 118 GW.

State Grid expects wind and solar installed capacity to hit 1,000 GW by 2030

Europe is seen to install 105 GW of new wind over the next five years, adding to the 220 GW it has now.

The share of renewables in the total daily power production stayed above 50% throughout the month and twice reached 68.4%,

That brings the total shortfall to nearly $2.5 billion, according to a market notice.

"The entire energy sector failed Texas," said NRG Energy Inc Chief Executive Mauricio Gutierrez, who testified.

Natural gas will overtake coal in 2025 and become the largest global primary energy source by 2047, with oil plateauing around 2040 and then beginning its irreversible decline

The Central Electricity Authority (CEA) projects that solar and wind will form 51% of India’s total installed capacity, or 420GW, by 2030, with biomass and small hydro adding another 30GW, while the IEA’s India Energy Outlook 2021 says that India could add 900GW of renewable capacity by 2040.

NREL said it had established the CPO to “accelerate [its] leadership in securing renewable energy technologies and distributed energy systems”

The US offshore wind market is expected to grow several-fold increase in capacity, from 2020 levels of (42 MW) to estimated ~28 GW by 2030

Overall, Iberdrola’s operating profit fell by 3% to €1.2 billion (US$1.4 billion), driven by its recent commissioning of new plants as it ramps up its renewables capacity.

The offshore wind industry installed just over 6 GW of new capacity globally in 2020, nearly the same levels as the previous year.