IEA Sees Solar PV To Become World’s Largest Power Capacity By 2027
Renewables To Become Largest Source Of Global Electricity Generation By Early 2025 With Wind & Solar PV Accounting For Almost 20% Global RE Share In 2027, Says IEA
The International Energy Agency (IEA) has offered an upward revision of its renewable power forecast—its ‘largest ever.’ The Renewables 2022 – Analysis and Forecast to 2027 report expects renewables to grow by almost 2.4 TW during 2022-.
Solar PV – Latam’s Most Cost Competitive Technology Soon
Technological Advancements To Bring Down Solar LCOE; Wood Mackenzie Expects Solar To Be Lowest Cost Of Energy In Latin America Until 2050 With $14/MWh
Come 2023 and solar PV will become the most cost-competitive technology in Latin America and remain the lowest cost of energy among all other power generating technologies in the region until 2050, with $14 per MWh, according to a new Wood Mackenzie report.
RE Investment Dropped To 11-Year Low In Africa In 2021
Clean Energy Investment In Africa Remains At An ‘Alarming’ Low Level, Says BloombergNEF
In 2021, with only $2.6 billion capital invested for new wind, solar, geothermal energy and other such projects, Africa got its lowest investment in renewables in the last 11 years according to a new report of Bloomberg New Energy Finance (BNEF).
Customization Important For Solar O&M Operators
IEA PVPS Task 13 Latest Report Recommends Factoring In Native Climate Zones For O&M Services
The International Energy Agency Photovoltaic Power Systems Programme (IEA PVPS) in its task 13’s new technical report recommends service providers to offer customized operations and maintenance (O&M) services, basing the same on all 7 diff.
Expect 7 GW Worth Corporate PPAs In Asia Pacific In 2022
Price Matters, Says Wood Mackenzie In A New Report Exploring RE Procurement Market In Asia Pacific
Driven by their decarbonization targets and the falling levelized cost of electricity (LCOE) for utility scale, commercial solar and onshore wind vis-à-vis other fuels, corporates in the Asia Pacific region are expected to contract a record 7 GW ren.
Study Makes A Case For Globalized Solar Supply Chains
Stony Brook University Study Finds World Saved $67 Billion Between 2008-2020 With Globalized Solar Supply Chain
As governments across the world clamor for a local solar supply chain in the wake of COVID-19 and the energy crisis in Europe, a Stony Brook University study bats for a globalized solar supply chain that it believes helped save $67 billion in solar m.
IEA More Positive On Solar
If World Delivers On Current Climate Pledges, Solar PV Deployment By 2030 Can Add Up To 370 GW Annually Soon
The International Energy Agency (IEA) estimates the world needing to invest above $4 trillion on clean energy investment under Net Zero Emissions (NZS) scenario by 2030 to reduce the risks of future price spikes and volatility, as deployment of solar.
Scope For 37.5 GW Solar PV By 2045 In Western Balkans
Western Balkans Can Switch To Clean Energy By 2045 At 15% Less Expense Than Relying On Lignite Or Gas: Agora Energiewende
Western Balkans can transition to a clean energy system at a 15% less cost with renewables including 37.5 GW solar PV up to 2045 supported by energy storage, vis-à-vis replacing aging lignite power plants with new coal or fossil gas, according to a new study by think tank Agora Energiewende.
BloombergNEF Offers Transition Plan For Polish Coal Plant
11 GW Wind & Solar Can Replace 80% Of Brown Coal Generation For Europe’s Largest Coal-Fired Plant
Europe’s largest and the world’s 6th largest coal fired plant, 5.1 GW Belchatow facility can be replaced with 11 GW wind and solar to account for 80% of brown coal power generation of the plant in Poland, according to a transition plan offered by.
LevelTen Energy: Solar & Wind PPA Prices Go Up In Q3/2022
Despite Rising Prices, Strong Demand For Solar & Wind PPAs In Europe; IRA May Add 94 GW Additional Capacity by 2035 In North America
Power purchase agreement (PPA) prices for solar and wind energy projects continued their steady rise well into Q3/2022 with 51% annual increase in Europe despite rising prices, and 34% increase in North America notwithstanding increase in development.
‘Game Changers’ Must To Meet SDG7 Electrification Goals
World Bank & GOGLA Report Part II: 624 Million To Access Tier I Off-Grid Solar Energy Solutions By 2030
The World Bank and Global Off-Grid Lighting Association (GOGLA) project 624 million people globally to secure electricity access through tier I and above off-grid energy solutions by 2030, missing the Sustainable Development Goals 7 (SDG7) mark by 51.
DNV: 38% Global Power Supply From Solar By 2050
World Headed Towards 2.2°C Warming Even As Renewables Forecast To Account For 83% Global Energy Mix By 2050
Solar PV technology is likely to account for 35% of the global power supply by 2045, further expanding to 38% in 2050 with a 3rd of this coming from utility scale solar farms, supported by onsite storage, according to DNV’s Energy Transition Outlook (ETO) 2022.
Global Corp Funding For Solar In 9M/2022 Drops 18% YoY
Mercom: Inflation & High Interest Rates Pull Down Solar’s Corporate Funding, But Future Remains Bright
The global corporate funding that solar raised in 9M/2022 was down 18% YoY at $18.7 billion, attributed by Mercom Capital Group mainly to inflation and high interest rates, but things are already getting better with the Inflation Reduction Act (IRA) renewing momentum.
China Must Target 120 GW/Year Wind+Solar Till 2030
World Bank Recommends China To Increase Wind & Solar Installed Capacity By 2030 To 1.7 TW
A new World Bank analysis recommends China to expand its 2030 wind and solar target to 1.7 TW, from 1.2 TW now—leading to up to 120 GW annually till 2030—which could advance its emissions peaking to earlier than 2030 and lead to a significant red.
Increasing Need For Off-Grid Solar
Solar Off-Grid Gains Importance As More People Miss Access To Electricity Than Pre-COVID, Claims New World Bank & GOGLA Report
Global count of people accessing energy through off-grid solar solutions grew to 490 million at the end of 2021, including 70 million having gained access between 2019 and 2021, yet 733 million are to secure this access and the number of people likel.
Local & Affordable Solar Stands For Global Peace
IEA PVPS Trends Report 2022: Global Solar PV Installed Capacity Reached 946 GW In 2021
In a world mired in geopolitical tensions and resource scarcity, solar PV technology presents itself as an affordable, local and low-carbon energy source, and may become a stabilization element, promoting peace through reduced tensions in energy mark.
World Bank Finds Huge Potential For Solar Mini Grids
Solar Mini Grids Can Power 490 Million People By 2030 At $0.20/kWh; Need $127 Billion Investment: World Bank
Calling solar mini grids a ‘core solution’ for closing the energy access gap whose cost of electricity generation has dropped from $0.55 per kWh in 2018 to $0.38 per kWh now, a World Bank report sees these having the potential to serve 490 millio.
IRENA: Solar Employed 4.3 Million Globally In 2021
IRENA & ILO Count 12.7 Million Renewable Energy Jobs Globally In 2021; Can Employ 38.2 Million In 2030
Global renewable energy sector employed 12.7 million in 2021, with solar leading the charge with more than a 3rd of the current global renewable workforce at 4.3 million, that could increase to 38.2 million in 2030 under an ambitious energy scenario with front-loaded investments.
Wind & Solar Generate 3,000 TWh Electricity In 2021
BloombergNEF: Wind & Solar Account For Over 10% Of Global Electricity Demand For 1st Time In 2021
In 2021, wind and solar energy generation flowing into the global grid was a combined 10.5% of all power generation technologies, for the 1st time breaching the 10% mark of global electricity demand, having grown from less than 1% a decade back, acco.
EU Solar Jobs Report: Addressing Solar Skills Challenge
EU Needs Over 1 Million Solar Workers In 2030 To Meet Energy Security Targets According To SolarPower Europe Solar Jobs Report 2022
In 2021, the European Union (EU) had solar sector employing 466,000 people with an annual increase of over 30%, but the bloc needs to employ more than 1 million workers in 2030 for it to meet its energy security targets, according to SolarPower Europe’s (SPE) EU Solar Jobs Report 2022.
