2016 considered another record year for renewable energy

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The Renewable Energy Policy Network for the 21st Century (REN21) on Tuesday, June 6, 2017 published its Renewables 2017 Global Status Report (GSR), regarded as the most comprehensive annual overview of the state of renewable energy. Additions in installed renewable power capacity set new records in 2016, with 161 gigawatts (GW) installed, increasing total global capacity by almost 9% over ...

Solar could provide 13% of world power by 2030

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Less than 2% of today’s global electricity is generated by solar photovoltaics (PV), but this is set to change. According to an IRENA (International Renewable Energy Agency) report released on Wednesday at InterSolar Europe, this figure could grow to 13% by 2030. The report titled “Letting in the Light: How Solar Photovoltaics Will Revolutionise the Electricity System” finds the solar industry ...

Insurer, Allianz, embraces wind energy, divests from coal

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Munich, Germany-based European insurance and asset management firm, Allianz, has announced that it will pull the plug on investments in coal companies and increase investments in wind energy. Allianz is one of the largest financial institutions in the world, managing €2 trillion. They estimate the decision will result in a shift of €4 billion. 350.org Europe campaigner Nicolò Wojewoda comments: ...

Campaigners back solar, wind energy, knock biofuels

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The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has backed a move towards renewable energy sources such as solar and wind energy as a solution to addressing the energy crisis in the developing world. Dr Godwin Ojo, head of ERA/FoEN, who made the submission on Monday in Port Harcourt, River State, at the organisation’s 8th National Environment Congress, frowned ...