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Renewable energy funding
The Peace Renewable Energy Credit (P-REC) scheme offers a novel approach for electrification in countries in Africa at risk of conflict or other vulnerabilities.
The Australian state of New South Wales has announced seven new energy projects to help improve energy affordability across the region, including the first state-owned hydrogen storage system
New York governor Andrew M. Cuomo has unveiled the details of the awards for 21 large-scale solar, wind, and energy storage projects across upstate New York, totalling 1,278MW of new renewable capacity.
China’s National Energy Administration has confirmed the slashing of solar subsidies, halving the total budget allocation for solar power project subsidies.
The Dutch government has announced the doubling of its planned budget for the country's renewable energy subsidy programme to €4 billion ($4.5 billion) in 2020, as part of its efforts to cut greenhouse gas emissions by 25% by the end of the year.
US President Donald Trump has proposed the largest budget allocation for offshore renewable energy in the US to-date.
Overall renewable energy capacity investment figures for 2019 saw wind (onshore and offshore) beat solar on with $138.2 billion globally
Chin’s Finance Minister has announced that subsidisation of renewable energy will be reduced by as much as a third in 2020.
Minesto have received approximately €2.4 million EU funding to develop a tidal energy site in France.