Latest renewable energy news

Global Renewable Energy Investment in 2021 Set to hit Record High: According to a report by the International Energy Agency (IEA), global investment in renewable energy is expected to reach a record high of $1.3 trillion in 2021. This surge in investment is driven by increased government support and falling costs of renewables.

Record-Breaking Renewable Energy Growth in the U.S.: The U.S. renewable energy sector experienced tremendous growth in 2020. Wind and solar energy installations reached record levels, with renewable energy accounting for 20% of all electricity generated in the country.

Offshore Wind Power Expansion: Several countries are pushing ahead with ambitious offshore wind power projects. The United Kingdom plans to reach 40 GW of offshore wind capacity by 2030, while Germany aims to increase its offshore wind capacity to 20 GW by 2030.

Hydrogen as a Renewable Energy Source: There has been a growing interest in hydrogen as a green energy source. Major economies such as the European Union and Japan have announced plans to invest heavily in hydrogen production and infrastructure to support a clean energy transition.

Renewable Energy Growth in Developing Countries: Developing countries are increasingly embracing renewable energy as a means to achieve energy access and reduce carbon emissions. Countries like India, Brazil, and South Africa have witnessed significant growth in their renewable energy sectors.