(GW) of electricity from renewable sources a year by 2023 through 60 projects, involving an estimated investment of between $30 billion and $50bn.
The 1 gigawatt
(GW) solar-thermal project will turn water into steam for injection into the oilfield.
For concentrating solar, which involves mirrors that heat steam to generate electricity, IEA reiterated its vision for about 1,000 gigawatts
by 2050 from about four gigawatts
worth of new solar power systems projected in China this year exceeds that of Japan, the high price of equipment is expected to make Japan the largest market in terms of value, the report said.
The country's solar installations jumped by a stunning 270 percent in gigawatts
in the first quarter, according to a report from IHS, an information and analytics firm, positioning the country to surpass Germany as the world's largest solar energy market in terms of revenue in 2013.
According to the Iranian energy minister, by the end of the Fifth Economic Development Plan (March 2010-March 2015), Iran will boost its electricity generation capacity by 25 gigawatts
to reach 73 gigawatts
The company generated 951 gigawatts
of power during the first six months, of which 913 gigawatts
were sold while 38 gigawatts
were used for the station.
of capacity, Bloomberg New Energy Finance forecast.
Yesterday, Mr Davey admitted there were already enough turbines built or making their way through the planning system to meet the Government's targets to generate 13 gigawatts
of power - enough to supply 10 million homes - through onshore wind farms by 2020.
ON UK had to say: "It could take 50 gigawatts
of renewable electricity generation to meet the EU target.
In order to meet an estimated 6 to 10% annual surge in demand for power, which is around eight gigawatts
of additional capacity generation, GCC countries are projected to invest more than $300bn in some 20 energy projects by 2020, a Dubai-based English daily quoted leading energy experts as saying.
Germany is currently the world's biggest market for solar energy, with total PV installations of seven gigawatts
accounting for over 40% of world market last year alone.
Before the Japanese nuclear crisis, many in the industry expected China to unveil a new 2020 capacity target of 80-90 gigawatts
, but experts now anticipate a figure of about 75 gigawatts
The country will reduce its nuclear capacity goal of 80 gigawatts
, Ren Dongming, Director of the Renewable Energy Development Center under the Economic Planner's Energy Research Institute, said at a Beijing conference on Thursday, without giving a new target.
The company is to increase its growth in wind turbines to 42 gigawatts
by the end of 2011 compared to 35 gigawatts