Low-carbon building renovations - guided by stricter EU building standards - would help cut bills for Europe's 513 million energy consumers
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Global investment of around $1 trillion a year would be required to achieve this over the next three years, which is about 0.7% of today's global gross domestic product.
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The share price of Adani Green Energy zoomed to a record high after the firm won the world's largest solar bid.
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Shell's top focus, however, is developing solar projects from scratch, from the selection of locations to the measuring of sun radiation.
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Auction results also suggest that the average cost of building new solar photovoltaic (PV) and onshore wind power now costs less than keeping many existing coal plants running, reinforcing the case for phasing out coal
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There will be 48 auction sessions during the day with the delivery of power within one hour of the closure of the bid session
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Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill.
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The government-operated PSUs will explore the setting up of offshore wind and other renewable energy projects in India and overseas.
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ACME cited land acquisition delays, the coronavirus outbreak and its impact on suppliers of solar cells and modules in China and delay in setting up of transmission networks as reasons for terminating the contract under "force majeure".
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Growth for 2020 and 2021 combined is expected to be 10% lower than the IEA had previously forecast before the coronavirus outbreak.
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