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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Italy’s Innovatec targets EUR 100m in revenue from new solar business

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    Non-Hydropower Output In Australia To Hit 97.6twh In 2031

    Non-Hydropower Output In Australia To Hit 97.6twh In 2031

    Blue Hydrogen To Be Employed In The EU For Next 5-10 Years

    Blue Hydrogen To Be Employed In The EU For Next 5-10 Years

    EU On Track To Exceed Its 750 GW Solar Energy Goal By 2030

    €2.5 Billion Carbon Capture Power Plant Approved In The UK

    Only 14% of Asian Bank Financing Goes To Renewable Energy

    Discovery In Fusion Energy To Be Revealed By U.S. Officials

    Germany Holds Its First Ever Green Ammonia Imports Auction

    First Offshore Wind Auction In California Generates $757M

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    Onshore Windfarm Ban Overturned In A UK Government U-Turn

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

  • Press Statements
    Atlas and Hitachi to develop energy storage systems for renewable projects

    Nine New Countries Sign Up for Global Offshore Wind Alliance at COP27 in Sharm El-Sheikh

    SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    ABO Wind connects first wind farm in Poland

    By 2040, Floating Offshore Wind To Add 67K Total Jobs In UK

    Europe’s latest wind offshore auction mainly using non-price criteria is a success

    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    Protermosolar adds value to the Spanish concentrated solar power industry in China

    SPI Energy Develops Utility Scale Solar Project in Maryland

    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

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Non-Hydropower Output In Australia To Hit 97.6twh In 2031

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Non-Hydropower Output In Australia To Hit 97.6twh In 2031

On the strength of policy support, it is anticipated that Australia’s total non-hydropower renewable energy generation will increase to 97.6 terawatt-hours (TWh) in 2031 from 61 TWh, increasing by 5.6% yearly. Non-hydro renewable sources are anticipated to make up around 34% of Australia’s overall energy mix by 2031, according to an analysis by Fitch Solutions.

The Climate Change Act 2022 and the Climate Change (Consequential Amendments) Acts 2022, which were passed in Australia, were mentioned as supporting the expansion of the low-carbon industry.

These actions further Australia’s goals of reaching net-zero carbon emissions by 2050 and a 43% reduction in emissions from 2005 levels by 2030. Additionally, the Australian Renewable Energy Agency as well as the Clean Energy Finance Corporation- CEFC are increasing funding for the renewable sector.

According to Fitch, Australia’s policy momentum for a low-carbon power sector is accelerating, fostering the growth of renewables and providing developers and investors with growing transparency and assurance for policy support in the renewables sector.

They believe that adding emission objectives to legislation and stepping up efforts to mobilise financing for the development of renewables will give industry players clarity and a clear direction on what the administration will have to do, it continued. The funding schemes were titled Powering Australia and Rewiring The Nation. The government announced in November that it would invest A$500 million in the Powering Australia Technology Fund to help the CEFC commercialise clean energy and renewable energy innovations.

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