Renewables 2021 - Global Status Report 2021

Despite the impacts of the COVID-19 pandemic, renewable energy set a record in new power capacity in 2020 and was the only source of electricity generation to register a net increase in total capacity. Investment in renewable power capacity rose, although slightly, for the third consecutive year, and corporations continued to break records for sourcing renewable electricity. More countries shifted towards renewables for the electrification of heat.

The Falling Cost of Renewable Energy

In 2010, a megawatt hour of electricity gleaned from solar photovoltaic cost a global average $378 to generate. That's without the effect of any subsidies which may have been applicable in some areas. By 2019, that cost had tumbled down to just $68 - cheaper than nuclear and coal and only a little behind the most economically efficient option looked at in this chart - onshore wind. Wind energy, both onshore and offshore, has also seen decreases in costs since 2010, while the more established methods of nuclear and coal have either increased in price or seen only a slight drop.

The Five Biggest New Energy Trends In 2022

2022 is set to be a record year in terms of the scale at which the switchover from fossil fuels to renewable sources will take place. It’s also a year in which we will see new and exotic sources of energy emerge from laboratory and pilot projects and start to become a part of everyday life. So let’s take a look at what is predicted to be some of the most impactful trends in the new energy sector over the next 12 months…

Model RFP & Concession Agreement for Waste to Compressed Bio Gas Project

The India Ministry of Housing and Urban Affairs (MoHUA) signed an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to form a partnership to promote investment in the waste management sector in India. Through this partnership, IFC assisted MoHUA in preparing a model concession agreement (MCA) and a model request for proposal (RFP, together the Model Documents) for use by urban local bodies (ULBs) for development of waste to bio-methanation projects in India.

The objective of the Model Documents is to:

Model RFP & Concession Agreement for Waste to Electricity Project

The Ministry of Housing and Urban Affairs (MoHUA) signed an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to form a partnership to promote investment in the waste management sector in India. Through this partnership, IFC assisted MoHUA in preparing a model concession agreement (MCA) and a model request for proposal (RFP, together the Model Documents) for use by urban local bodies (ULBs) for development of waste to electricity projects in India.

The objective of the Model Documents is to:

Climate Toolkits: Renewables

The renewables toolkit helps government agencies in emerging markets and developing economies (EMDEs) incorporate climate-related risks in the early stages of renewable energy infrastructure projects procured through public-private partnerships (PPPs). It provides step-by-step instructions on applying the provisions of the Climate Toolkits for Infrastructure PPPs (CTIP3) to renewable energy-specific PPPs. The toolkit familiarizes non-expert users with the impact of climate change on renewable energy projects and offers guidance on climate mitigation, adaptation, and resilience. It aims to assess the potential effects of climate change on projects and suggests measures to mitigate impacts. NOTE: The toolkit is a complement to the Umbrella Toolkit and is not intended for the design and tendering phases.

GET Green Energy Tech

GET™ is a suite of solutions that integrates different building systems and diverse data sources to create a seamless, sustainable utilities management experience for our customers. Powered by EnergyTech, the Internet of Things (IoT) and Artificial Intelligence (AI), GET enables building owners and facility managers to leverage smart insights to optimise energy efficiency, enhance occupant experience, and advance sustainability efforts.

Priorities for renewable energy investment in fragile states

In brief:

  • State fragility is strongly linked to prevalent climate hazards and poor energy access. Conflict, poverty, and poor governance increase countries’ vulnerability to climate change threats, while access to electricity – especially renewable – is lowest in fragile settings.

  • Four key factors make the scaling of renewable energy investment in fragile and conflict-affected states desirable and relevant: cost and practicality, increased and secured energy access, economic resilience, and inclusion and empowerment.

FasoBiogaz

FasoBiogaz SARL is an enterprise located in the industrial zone of Kossodo in Ouagadougou, Burkina Faso, and operates the first industrial biogas plant connected to the SONABEL power grid. With an installed electrical capacity of 275 kW, the plant is transforming slaughterhouse waste and other available organic substrate into biogas and digestat. While biogas is transformed into electricity and injected into the national power grid, the digestat is commercialized as biofertilizer. The project is financed by the Dutch private investor company Van Kersbergen Invest B.V.