European industry and refineries already use roughly 8 million tonnes of hydrogen each year, but most of this is “grey” hydrogen, a version made from natural gas in a process that produces planet-warming emissions.

Due to the extended lockdown of the global economy, the solar market will experience a contraction in 2020 with its base-case scenario predicting 112 GW of new capacity instead of the 144 GW projected in last year's forecast.

Of the top 25 solar power generating facilities in the US, 15 are located in California, four in Arizona, four in Nevada and two in Texas. Four of the top five solar facilities by sales volumes reported to FERC are located in California, while one is in Arizona.

Germany intends to reduce greenhouse gas (GHG) emissions by at least 55% by 2030 compared to 1990, to cut primary energy consumption by 30% by 2030 compared to 2008 and to increase the share of renewables in gross final energy consumption to 30% by 2030.

Buying renewable energy certificates (RECs) give companies a way to offset their carbon footprint while providing a market for renewable energy and allows the renewable developer to have a long-term REC revenue stream to justify the investment anywhere in the US and at different pricing options.

Japan's TEPCO intends to invest JPY1,000-2,000bn (US$9.3-18.6bn) to develop 6 to 7 GW of offshore wind and hydropower capacity by 2035.

The German government formally adopted its long-anticipated national hydrogen strategy

The United States invested $55.5 billion in 2019, up 28% from the year before

The U.S. solar industry will install 18 gigawatts this year, enough to power more than 3 million homes,

monthly Brent prices will average $37/b during the second half of 2020 and rise to an average of $48/b in 2021.

S.Korea aims to sharply increase production of hydrogen-powered vehicles and electricity generation by hydrogen, in an effort to use hydrogen as a major energy source for transportation and power generation.

Hydrogen, the universe's most abundant particle, has often been touted as a way to power vehicles and energy plants, but it is just too expensive.

The spread of the Covid-19 pandemic has upended these expectations, and 2020 is now set to see the largest decline in energy investment on record, a reduction of one-fifth – or almost USD 400 billion – in capital spending compared with 2019.

Ten countries, including Canada, Australia and Brazil, joined the United States last year to form the Energy Resource Governance Initiative, or ERGI,

The 2030 target will become for the electricity sector to secure 70% from renewable energy. This will be coupled with energy efficiency measures reducing consumption by at least 35% over the same period.