IRENA

IRENA’s Coalition for Action Calls for Green Recovery Based on Renewables

As COVID-19 rapidly devastates communities and livelihoods, effective response measures are urgently needed to address the immediate as well as the longer-term impacts of the crisis. Over 100 leading players in renewable energy, gathered under the IRENA Coalition for Action, have come together in a joint call for action, putting forward concrete recommendations on how governments can ensure […]

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Renewable Energy can Support Resilient and Equitable Recovery: IRENA

Advancing the renewable-based energy transformation is an opportunity to meet international climate goals while boosting economic growth, IRENA has revealed. Advancing the renewable-based energy transformation is an opportunity to meet international climate goals while boosting economic growth, creating millions of jobs and improving human welfare by 2050, the first Global Renewables Outlook released by the […]

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IRENA, African Union to Advance Renewable Energy in Response to COVID-19

The African Union and the IRENA have agreed to work closely to advance renewable energy across the continent to bolster Africa’s response to COVID-19. The African Union Commission (AUC) and the International Renewable Energy Agency (IRENA) have announced that they have agreed to work closely to advance renewable energy across the continent to bolster Africa’s response to COVID-19. […]

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Significant Investment Needed to Transform Africa’s Energy System

IRENA and UNDP’s Africa Centre for Sustainable Development have outlined why significant investment is needed to transform Africa’s energy system. Falling technology costs have made renewable energy a cost-effective way to generate power in countries all over the world, which would drive further development and improved economy. Despite the tremendous efforts that have been deployed […]

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IRENA Invites RE Developers to Register Projects on Investment Platform

IRENA is calling for renewable energy project developers to register suitable projects via a purpose-built portal organised around 14 regional clusters. A landmark initiative launched by a coalition of intergovernmental partners during the UN Climate Action Summit in September 2019, has now entered an operational phase. The International Renewable Energy Agency’s (IRENA) contribution to the […]

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IRENA-Behind-The-Meter-Batteries

Battery storage systems are being deployed at multiple levels of the electricity value chain, including at the transmission, distribution and consumer levels. BTM batteries are connected behind the utility meter of commercial, industrial or residential customers, primarily aiming at electricity bill savings. This report from IRENA is a great primer to understand the transition to […]

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Renewable Energy Auctions-Status and Trends Beyond Price

This recent report from IRENA (International Renewable Energy Agency) looks at the global shift to auctions, when it comes to renewable energy. From lower price discovery to better tracking of project timelines, auctions have been designed to achieve multiple objectives. 111 GW was auctioned off in the period 2017-18. The report details the many benefits, […]

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Financing Global Energy Transformation Through Green Bonds: IRENA

IRENA has highlighted green bonds as an innovative instrument that can help channel substantial global capital into renewable energy and other green assets. Despite the positive renewable energy investment trends over the past decade, annual investments in renewable energy power alone need to double until 2050 to meet climate goals. To allocate enough capital to […]

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Renewable Energy to Employ 42 Mn People by 2050, 26 Mn in Asia: IRENA

The number of people employed in renewable energy could reach 42 million globally by 2050, up from 12 million in 2017, according to a new recent report The number of people employed in renewable energy could reach 42 million globally by 2050, up from about 12 million in 2017, according to a recent report by the International Renewable Energy Agency (IRENA). […]

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