energy transition

Global solar energy investment will surpass oil for the first time in 2023 as PV leads the charge in a projected 24% increase in clean energy investment compared with 2021.

The Vietnamese government has approved a plan to develop renewable energy sources for electricity production, including building rooftop solar for residential and commercial premises.

Globally, 32% of business leaders estimated that their country will fully transition to renewables after 2050, while 8% said it would never happen.

Canada will introduce tax credits, incentives and investment for developing and manufacturing solar PV, energy storage and other renewable energy technologies in an Inflation Reduction Act-style scheme.

Renewable Energy asset owner Brookfield Renewable has signed an agreement to acquire Origin Energy Limited, with a view to expanding its renewables generation capacity across Australia in the next decade

IRENA believed that yearly investments must more than quadruple to over US$5 trillion to stay on the 1.5°C pathway.

Solar and wind installations in the US could account for between 40% and 62% of total electricity generation by 2030, according to a report from the National Renewable Energy Laboratory (NREL).

Solar PV will lead the energy transition in Malaysia and could reach up to 153GW of installed capacity by 2050.

The state of New Jersey has announced a set of new clean energy and climate change initiatives, including a commitment to 100% clean energy by 2035.

Investment in the global energy transition totaled US$1.1 trillion in 2022 according to analyst firm BloombergNEF, reaching parity with investment in fossil fuels for the first time ever.