Hope Hinges On Clean Energy Growth
IEA Calls For Bolder Action To Triple Global Renewable Power Capacity By 2030 To Keep 1.5 °C Goal Alive
Led by solar energy, clean energy technologies are keeping the world’s hopes alive to achieve a net zero global energy system and limit global warming to the 1.5 °C goal, says the International Energy Agency (IEA).
IRENA’s Renewables Competitiveness Report For 2022
RE Capacity Added Since 2000 Helped Save Over $520 Billion In Global Electricity Sector Fuel Bills
The economic benefits of renewable energy are now compelling, especially due to the falling costs of solar and wind technologies, says the International Renewable Energy Agency (IRENA) attributing new installations since 2000 to have brought down ele.
IRENA Expects ‘Only’ 1 TW Renewable Additions In 2030
‘Tripling Renewable Power Capacity Until 2030 & Beyond Will Get Us Back On Track To 1.5°C Climate Pathway’
The way forward for the world to ‘immediately course correct’ the 1.5°C climate pathway is to raise its renewable energy targets to a more ‘ambitious’ level, an average of 1 TW annually by 2030, while also significantly increasing th.
Solar Risk Assessment Report Launched
kWh Analytics Lists Top Risks For Solar Industry To Watch Out For, For A Resilient Industry
US based climate insurance company kWh Analytics counts extreme weather as a significant risk for the profitability and reliability of solar assets in the US, and recommends resilient design characteristics to withstand projects being built in harsher weather environments.
New Report: Solar Power For Cities
SolarPower Europe Explores Challenges, Opportunities & Solutions For Solar PV In Cities
While governments across Europe are formulating national level policies to promote the development of renewables especially solar PV, cities on the frontline can play a major role in accelerating decarbonization more so by learning from their peers.
Global Solar Market Outlook 2023-2027
World To Install Up To 402 GW New Solar In 2023, Including 159 GW Rooftop PV Capacity, Says SPE
Despite grid and flexibility related challenges, the world is likely to install between 341 GW to 402 GW new solar PV capacity in 2023, including 159 GW rooftop PV, and move towards close to 800 GW annually in 2027, according to the Global Market Out.
‘Largest Absolute Increase Ever’ In Renewables
Solar PV Leads The Way In IEA Forecast Of Over 440 GW New Global Renewable Energy Capacity In 2023
Solar PV is to lead renewable energy installations in 2023 and 2024, forecasts the International Energy Agency (IEA) with the ‘largest absolute increase ever.’ Renewables will add 107 GW more, growing to over 440 GW to be installed within this .
Solar Attracting Big Bucks
IEA Says Solar To Lead Clean Energy Investments in 2023, Attracting Over $1 Billion/Day
In 2023, global investment in clean energy is forecast by the International Energy Agency (IEA) to rise to $1.7 trillion out of $2.8 trillion to be invested in energy with solar getting more than upstream oil for the 1st time ever—in absolute terms.
Indian Solar Installations Drop
Mercom Counts India To Have Installed 1.9 GW PV In Q1/2023 Taking Cumulative To Over 64.5 GW
Indian solar installations in Q1/2023 (CY 2023) declined by 48% annually and 30% quarterly to 1.9 GW according to Mercom India Research that counts the government’s decision to extend project commissioning deadlines for solar power projects under t.
IEA’s Clean Technology Manufacturing Report
Global Solar & Battery Manufacturing Project Pipelines ‘Well-Stocked’, But Need To Diversify Supply Chain
If all the manufacturing capacity projects announced to date were built by 2030, for solar PV it would ‘comfortably exceed the level needed’ as the International Energy Agency (IEA) estimates for net zero emissions (NZE) globally by 2050, but ann.
Solar Energy Kits Sales Up 20% YoY In H2/2022
GOGLA Says Off-Grid Solar Helped Avoid 98 Million MT Carbon Emissions In Past Decade
Sale of off-grid solar solutions over the past decade has helped avoid 98 million metric ton (MT) of carbon emissions which is equivalent of taking 26 coal-fired power plants offline for a year, yet to reach Sustainable Development Goals (SDG) 7, fur.
LevelTen Energy’s Q1/2023 Solar PPA Report
Solar PPA Prices Dropped For Europe In 2 Years & Increased For North America For 2 Consecutive Years
As supply chain difficulties ease and manufacturing picks up, European solar power purchase agreement (PPA) prices are starting to go down with the region experiencing the 1st drop in 2 years, whereas in North America prices continued to go up for 2 .
IRA Spurs $150 Billion Investment In Clean Energy
46 New Or Expanded Clean Energy Manufacturing Fabs Announced In US, Including 26 Solar Factories
Ever since the US President Joe Biden passed the Inflation Reduction Act (IRA) in August 2022, the country has witnessed over $150 billion in capital investment announced for utility scale clean energy projects and manufacturing facilities, including.
IEA PVPS’ Snapshot of Global PV Markets 2023
Global Solar PV Installed Capacity Rose To About 1.2 TW With 240 GW Newly Deployed In 2022
According to the IEA Photovoltaic Power Systems Programme (PVPS) member countries represented 953 GW or 80% of 1.18 TW of cumulative solar power installations the world had at the end of 2022, with 240 GW installed last year to which the members added 184 GW.
Lazard’s 16.0 LCOE Research Findings
Inflation & Supply Chain Challenges Push Up Average LCOE Of Solar PV, But Competitiveness Intact
In its latest report Levelized Cost of Energy Version 16.0 Lazard says despite inflation and supply chain challenges, the levelized cost of energy (LCOE) of best-in-class onshore wind and utility-scale solar declined at the low-end of its cost range,.
Q1/2023 Corporate Solar Funding Up 11% YoY
Disregarding Tough Economic Conditions In Q1, Solar Raised $8.4 Billion In Total Corporate Funding
The CEO of Mercom Capital Group, Raj Prabhu sees the Inflation Reduction Act (IRA) as a significant driver for growing investments in solar in global markets along with increasing demand for energy transition, especially in the US and Europe thanks t.
PV Must Grow At 25% Annually Till 2030
World Needs 75 TW+ Solar PV Capacity By 2050 To Meet Decarbonization Goals, Say PV Researchers
Global PV researchers, including those from Germany’s Fraunhofer ISE US’ National Renewable Energy Laboratory (NREL) and Japan’s National Institute of Advanced Industrial Science and Technology (AIST), argue that the world needs to install about 75 TW or more of solar PV capacity by 2050.
Global Wind & Solar Generation In 2022 Grew 19% YoY
Ember: World Experienced ‘Cleanest-Ever’ Electricity In 2022 Thanks To Wind & Solar Power
In the year 2022, the world experienced the cleanest-ever electricity supply as carbon intensity of global electricity generation dropped to a record low of 436 gCO2/kWh with wind and solar power generation growing 19% or 557 TWh YoY, accounting for .
Global Off-Grid Solar Investment Grew 63% YoY
World Still €23.3 Billion Far From Achieving SDG7 Goal Of Clean Electricity For All, Says GOGLA
Global Off-Grid Lighting Association (GOGLA) counts global investment in off-grid solar in 2022 to have grown by 63% annually with $746 million, yet the world remains far from the $23.3 billion it needs to achieve the goal of clean, modern electricit.
