France’s installed renewable capacity, including hydropower, increased by more than 2 GW in 2020

"At the end of the day our customers want reliable energy. For us natural gas is the complement to renewable energy — there is no way to think of a reliable system without having a flexible way to produce electricity. Gas is offering this flexibility,"

The EU will provide nearly Eur10 billion of funding that the partners will match with at least an equivalent amount of investment, the EC said in a statement.

Fossil fuels are expected to dominate the primary energy mix thru 2040, even in scenarios where countries meet the Paris Agreement’s climate goals.

There are now 228 large-scale projects for a combined $300 billion of proposed investment through to 2030

"Nuclear power should be right at the heart of green hydrogen production, alongside renewable technology.

“This development of low carbon and renewable hydrogen will accelerate the construction of new hydrogen infrastructure and the repurposing of current natural gas infrastructure, thus paving the way for net zero in 2050,” Engie and Equinor said in a statement.

Hydropower accounts for 13% of India's total capacity, with 50 GW (2019). Over 93 GW of new hydropower projects are in various phases of development.

In addition, South African authorities intend to ease licensing requirements for new embedded generation projects, which could unlock up to 5,000 MW of additional capacity.

One of the key mitigation measures is development of adequate energy storage capacity in India.

This dramatic growth in renewable energy capacity reinforces the fact that India is witnessing an unprecedented energy transition to low-carbon development,

Budget 2021-22 is a mixed bag in terms of support for India’s transition to a sustainable, low carbon economy.

Based on assessments of energy venture capital deal flow, market analyses, and conversations with industry insiders, below are four indisputable utility sector trends -- regardless of whether the 2020 craziness repeats itself -- and the emerging, venture-backed technologies on the market to support the energy transition in 2021.

Combined, they accounted for or 22,451 megawatts (MW) or more than three-quarters (78.09%) of the 28,751 MW of new utility-scale capacity reported to have been added last year. Wind (13,626 MW) and solar (8,543 MW) each contributed more new generating capacity than did natural gas (6,259 MW).

China grid companies will steadily increase the amount of power purchased from clean generation sources from 28.2% in 2020 to 40% by 2030,