International Renewable Energy Agency (IRENA)

From decarbonising heavy industries and reduction in battery costs to scaling road transport electrification—explore the latest insights, data and events driving the global #energytransition in International Renewable Energy Agency (IRENA)’s August newsletter. Stay informed, stay ahead and subscribe now: https://lnkd.in/gDxNaJyx

The convergence of solar PV & energy storage technologies is essential for the #EnergyTransition, but realising their full potential requires overcoming systemic challenges. Read the blog post by IRENA expert for ways to overcome them: https://lnkd.in/gXTbkqa5

#3xRenewables capacity by 2030 requires increased #Electricity storage capacities to integrate higher share of variable #renewables in the energy mix. In the context of power system expansion for African power pools, International Renewable Energy Agency (IRENA) analyses potential battery capacities scenarios for several North #African countries: https://lnkd.in/eZ55MRBi

With falling costs, the combination of #Solar PV + battery storage🔋 is becoming essential for resilient power systems in emerging markets. But scaling up the technology in these markets is not without challenges. Read latest blog post by International Renewable Energy Agency (IRENA) expert Job Mutyaba, for ways to overcome them: https://lnkd.in/ghrXVEeg

🔋 Battery storage can unlock the full potential of #renewables by addressing their main challenge: intermittency. Since 2010, the costs of fully installed battery storage projects have declined by 93%, from USD 2,571/kWh to USD 192/kWh in 2024—driven by technological improvements, economies of scale, and stronger global supply chains. Read how falling battery costs are also driving down renewable power costs: https://lnkd.in/gfgsgcZs

Battery storage has seen costs fall📉 by more than 90% since 2010, transforming the role it can play in the #energytransition. In our latest episode, International Renewable Energy Agency (IRENA) expert Deborah Ayres dives into what drives these cost reductions, how storage supports #renewable integration, and why policy, innovation, and lifecycle planning are essential for the future. Tune in to the full episode to further your knowledge: https://lnkd.in/g9Vjr-QC

📢 Join us next week for a deep dive into 'Renewable Power Generation Costs in 2024'. This webinar will unpack International Renewable Energy Agency (IRENA)'s latest annual report, showing how 91% of newly commissioned #renewable projects now produce electricity cheaper than the cheapest fossil fuels, with #solar PV and #onshore wind leading the way. Register to explore the main drivers behind falling costs, regional market trends, and the role of enabling technologies like battery storage, hybrid systems, and digitalisation: https://lnkd.in/eup8cCkK

In 2024, over 17 million, #EV cars were sold. International Renewable Energy Agency (IRENA)’s 1.5°C Scenario suggests the sale will rise to 60 million per year by 2030, driving demand for the materials used in EV batteries. Meeting this demand sustainably will be central to the #EnergyTransition. See recommended actions to ensure #sustainable & affordable supply of critical materials for EV batteries: https://lnkd.in/gXBkjHYS

International Renewable Energy Agency (IRENA) data shows the costs of utility-scale battery storage-- vital for grid flexibility--fell by 93% since 2010. This remarkable decline is driven by scaled-up manufacturing, improved materials, and greater efficiency, but further investment is needed to expand infrastructure in emerging markets. Explore in detail: https://lnkd.in/dswC-NpT

📍 Addis Ababa, Ethiopia 📅 August 25 – 27   #HappingNow The International Renewable Energy Agency (IRENA), under the Accelerated Partnership for Renewables in Africa (APRA), is running its second Project Finance and Project Facilitation Workshop in collaboration with GET.invest, and local partners, hosted by the Ethiopian Ministry of Water and Energy. This workshop is part of a series of capacity-building engagements across #APRAfrica countries, leading up to the #APRAfrica Investment Forum in Sierra Leone, and aims to strengthen the capabilities of both public and private sector actors in project development and financing for #renewableenergy. Participants – including project developers, financing institutions, government agencies, and NGOs – are engaging in: ✅ Technical sessions on project finance and proposal development ✅ Hands-on support for packaging bankable project proposals ✅ Bilateral meetings with government, project developers and utility representatives ✅ Roundtable discussions to address stakeholder challenges and priorities The training also highlights #IRENA’s project facilitation services, including access to funding and technical assistance through the Energy Transition Accelerator Financing Platform (#ETAF) and the Climate Investment Platform (CIP). Stay tuned for updates and outcomes from this impactful engagement in Ethiopia.🔗 More about the APRA Investment Forum: https://lnkd.in/gShxEZKn