New Development

Studies are planned in Paraguay to determine the potential of floating solar photovoltaic capacity, specifically the installation of a pilot project at state power company ANDE’s 200-MW Acaray hydro plant. Acaray is the country’s only 100% state-owned hydroelectric power plant and is almost 50 years old. To support the planned work, ANDE looks to secure technical cooperation...
Pumped Storage Hydro

What researchers are calling seasonally pumped hydropower storage (SPHS) could provide an affordable way to store renewable energy over the long-term, filling a much-needed gap to support the transition to intermittent renewables, according to a study from scientists with the International Institute for Applied Systems Analysis. According to IIASA, SPHS means pumping water into a...
Research and Development

The U.S. Energy Information Administration (EIA) has released its Annual Energy Outlook 2020, and key takeaways are that U.S. energy consumption grows more slowly than gross domestic production throughout the projection period (2050), with renewables being the fastest-growing source of electricity generation through 2050. Key takeaways in more detail are: U.S. energy consumption grows more...
Finance

The European Investment Bank (EIB) has approved €8.1 billion (US$9 billion) in financing for climate action, sustainable development, health and education investment across Europe and around the world. This includes support for renewable energy projects, the development of electric vehicles, and improving the energy efficiency of homes. EIB financing will also help to build water...
Environmental

The International Renewable Energy Agency (IRENA) and the Secretariat of the United Nations Convention to Combat Desertification (UNCCD) are joining forces to support climate adaptation and resilience and to implement UN Sustainable Development Goals through renewables. In a memorandum of understanding signed Sept. 10 by IRENA’s Director-General Francesco La Camera and UNCCD’s Executive Secretary Ibrahim...