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Philippine Metals Inc : Philippine Metals Announces Proposed Acquisition of ReVolve Renewable Power Limited

Philippine Metals Inc : Philippine Metals Announces Proposed Acquisition of ReVolve Renewable Power Limited
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New renewables now beating most operational coal: IRENA report

23 June 2021 In 2020, 62% of total renewable power generation added globally was cheaper than the cheapest fossil alternative, finds a new report from the International Renewable Energy Agency (IRENA). The ‘Renewable Power Generation Costs in 2020’ report explores how new renewables shifted in terms of costs, with a clear advantage for new-build technologies and an increasing advantage in terms of comparisons to already-operational fossil fuels like coal and gas, in power grids. Between 2000 and 2020, renewables grew from 754 gigawatts (GW) to 2,799GW. Between 2019 and 2020, a record 261GW of renewables were added, with the deepest cost fall coming from concentrating solar power (CSP), of 16%. The drop 2019 to 2020 was 13%, 9% and 7% for onshore wind, offshore wind and solar PV respectively.

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