Solar capacity is set for a 17-fold increase globally by 2050 owing to falling technology costs, particularly in battery energy storage, and a decline in the levelised cost of electricity (LCOE), according to a new report from Bloomberg New Energy Finance (BNEF).
Solar could play a pivotal role in a future energy system without jeopardising security of supply, a new report has revealed.
Vattenfall has announced plans to invest up to €100 million (£89 million) in developing solar projects over the next two years.
Vattenfall has heralded the success of its first co-located solar and wind energy park around 18 months after the 4.99MW solar farm in south Wales was commissioned.
The UK’s suite of renewables set a new generation record in the first quarter of the year, official statistics from the Department of Business, Energy and Industrial Strategy show.