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.

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,