International Renewable Energy Agency
The International Renewable Energy Agency (IRENA) is an intergovernmental organisation that supports countries in their transition to a sustainable energy future, and serves as the principal platform for international cooperation, a centre of excellence, and a repository of policy, technology, resource and financial knowledge on renewable energy.
See below for the Latest IRENA News, Analysis, Profit Results, Share Price Information, and Commentary.
Which country led renewable energy employment in 2023?
Over half of RE jobs were in this major market.
Utility alliance to invest over $116b annually in grids and renewables
Nearly half will be allocated to transmission and distribution.
Over 80% of new renewables in 2023 cheaper than fossil fuel alternatives
Solar PV costs dropped in 2023, becoming 56% cheaper than fossil fuel and nuclear options.
ACWA Power and IRENA join forces to lead energy transition initiatives
They will also look into driving investment in renewable projects.
Global energy transition still off track as renewable investment lags
The world needs to install 1,100 GW of renewables yearly by 2030.
World needs to triple RE capacity and double energy efficiency
The IRENA said energy transition would require up to $44t investments to ramp up renewables by 2030.
Renewables save $520b in fuel cost for the power sector
Around 86% of the commissioned RE capacity last year had lower costs than fossil fuel electricity.
Masdar, IRENA to launch roadmap to triple RE capacity by 2030
They will set up an outline of global targets for renewable energy.
About $44t needed by 2030 for a successful energy transition: report
Investment of around $35t should be allotted for transition technologies.
Asia accounts for over half of new RE capacity in 2022
China led the growth with the addition of 141GW during the period.
Middle East posts record-high RE growth in 2022
Its capacity rose by 12.8% last year.
Renewable generation capacity grows by nearly 10% globally in 2022: IRENA
Current renewable capacity stood at 3,372GW.
Global renewable investment reaches record-high $500b in 2022
Energy transition technologies investments also reached a record $1.3t.
East Asia and Pacific account for majority of RE investments globally
Investments in the region were led by China.
Reducing green hydrogen production costs hangs on gov’t support
Hydrogen can reduce 10% of the total emissions to meet the global net-zero target, IRENA said.
Renewables key to expensive Kyrgyz energy imports: IRENA
Kyrgyzstan wants to reduce carbon emissions by 44% by 2030.
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Commentary
South Korea needs to accelerate renewable energy adoption to fuel Artificial Intelligence and semiconductor sectors