Achieving 11 TW Renewable Energy Target ‘Far From Assured’
IRENA Calls For Urgent Policy Intervention To Install An Additional 7.2 TW Renewable Capacity By 2030
Monday, 25 Mar 2024
The world is far off the mark to achieve the 11 TW global renewable energy target by 2030 comprising 5,457 GW of solar PV capacity, according to the International Renewable Energy Agency (IRENA). Capacity additions will need to increase from 473 GW.
BNEF Counts 444 GW DC New Solar PV Capacity Additions In 2023
29 percent Annual Growth For Global PV Deployments In 2024, But Manufacturers Struggling To Make Profit
Wednesday, 06 Mar 2024
Global solar installations in 2023 reached a record 444 GW DC, surpassing Bloomberg New Energy Finance’s (BNEF) guidance of up to 415 GW DC for the year and recording 76% annual growth. In 2024, it forecasts new module build to reach 574 GW DC wi.
World Not Ready For Energy Transition Without China
Wood Mackenzie: Sans China, World Will Need To Invest 20% More On Clean Tech Manufacturing
Friday, 16 Feb 2024
Energy transition for the world is not possible without China simply because the country dominates clean-tech value chains including for solar PV, wind, batteries and electric vehicles, says Wood Mackenzie. To reach net-zero status by 2050, Wood Ma.
BNEF: US Corporations Led Clean Power Buying In 2023
Businesses Signed Up For 46 GW DC Solar & Wind Energy Contracts, Representing 12% YoY Growth
Wednesday, 14 Feb 2024
Corporate appetite for solar and wind energy continues to grow as they announced contracts for 46 GW DC of this capacity in 2023, with Amazon retaining its hold as the world’s largest corporate clean energy buyer for the 4th consecutive year. Blo.
Cleaner Electricity Mix For European Union In 2023 Than Ever
Ember: Record Renewables Growth Led By Wind & Solar But Installation Pace Needs To Further Accelerate
Tuesday, 13 Feb 2024
The European Union (EU), for the 1st time ever, had 27% of its electricity generated by wind and solar in 2023 with the share above this level in as many as 10 nations, according to Ember.
Europe Contracted 16.2 GW RE Capacity Via PPAs In 2023
Solar PV Leads Pexapark’s 2023 Disclosed Contracted Volume With 10.5 GW, Led By Corporates
Monday, 29 Jan 2024
European renewable energy market saw contracted volumes growing by over 40% annually in 2023, prompting Pexapark to term it the ‘golden era’ of the power purchase agreement (PPA) market.
ASEAN Renewable Energy Projects Need Acceleration
Vietnam Leads Region’s 28 GW Operational Utility-Scale Solar & Wind Capacity; Construction Slow For Upcoming Facilities
Thursday, 18 Jan 2024
The Association of Southeast Asian Nations (ASEAN) increased their operational utility-scale solar and wind energy capacity by 20% in 2023 to exceed 28 GW, led by Vietnam, according to the Global Energy Monitor (GEM). Vietnam alone accounts for 19 .
NASA Releases Report On Space-Based Solar Power
Heliostat Swarm Less Expensive, But Mature Planner Array With Solar Cells Scores With Technological Readiness
Monday, 15 Jan 2024
The US National Aeronautics and Space Administration (NASA) believes launching and operating a space-based solar power (SBSP) plant in 2050 will be more expensive than terrestrial sustainable alternatives and generate similar emissions as those on ea.
2023 Global RE Capacity Grew By 50% YoY To Nearly 510 GW
Solar PV & Wind To Lead 7.3 TW World’s RE Growth By 2028; China To Achieve 1.2 TW Goal In 2024
Thursday, 11 Jan 2024
Solar PV accounted for 3 quarters of 507 GW renewable energy capacity added globally in 2023, according to the International Energy Agency (IEA).
SolarPower Europe Releases Floating PV Best Practices Guidelines
First Handbook For Floating Solar Development Lists Experience From Initial Projects
Friday, 15 Dec 2023
SolarPower Europe (SPE) has released what it says aims to serve as the 1st handbook to drive high-quality floating PV (FPV) projects by cataloging best practices and experience gained from initial projects installed in the space. The Floating PV Be.
TotalEnergies World’s Top Utility Scale Solar Developer
European Players Crowd Mercom’s Top 10 Leading Large-Scale PV Project Developers List
Monday, 11 Dec 2023
The world’s top 10 large-scale solar PV project developers command 145 GW of the operational, under construction and awarded (PPA-contracted) solar PV projects capacity, including 95 GW in the pipeline.
GCube Report: Hailstorms Threaten Solar PV Projects
Mitigation Strategies Must To Deal With Climate Change-Induced Hailstorms As Hail Claims Average $58.4 Million/Claim
Thursday, 07 Dec 2023
A renewable energy technology generating its electricity with a natural source, solar PV is not immune to the growing threat of climate change, as GCube Insurance sees climate change-induced hailstorms posing a serious threat to the viability of these projects.
Fierce Cut-Throat Competition In Polysilicon, In 2024
Bernreuter Research Cautions Solar PV Industry To Brace For Growing Polysilicon Oversupply
Thursday, 30 Nov 2023
Anticipating polysilicon oversupply in 2024 as more and more manufacturers bring new capacity online, especially China’s Tongwei, Bernreuter Research warns of fierce cut-throat competition in this space in a new report.
BNEF: Solar Can Triple Global Renewables Capacity By 2030
World Can Meet 11 TW Proposed COP28 Renewable Energy Goal With Solar Alone, But Need Balanced Growth
Wednesday, 22 Nov 2023
The call by the COP28 presidency to triple global renewable energy capacity to 11 TW by 2030, from 3,600 GW in 2022, can be achieved by solar alone as it is ‘cheap and easy,’ according to the Bloomberg New Energy Finance (BNEF).
Indian Solar Module Exports To US May Decline From 2027
India Gets Smooth Access To US & European Markets Till 2025, Post Which Local Manufacturers Take Over
Monday, 30 Oct 2023
Indian solar PV module manufacturers have been increasingly exporting to the US, a trend that’s likely to gain momentum till about 2025.
IEA: Transition To Clean Energy Now ‘Unstoppable’
Renewables To Account For Almost 50% Of Global Electricity Mix By 2030 With Current Policies, Led By Solar PV
Tuesday, 24 Oct 2023
The world is increasingly waking up to the economic case for mature clean energy technologies, especially solar PV on which more than $1 billion/day is being invested, says the International Energy Agency (IEA) in its World Energy Outlook 2023 (WEO 2.
Global Aggregate For PV Exceeded 1.18 TW At 2022-End
IEA PVPS: As Global Solar Capacity Grows, Market Concentration Fuels Fears Of Market Stability
Monday, 23 Oct 2023
Despite challenges related to COVID, high module prices, trade disputes and grid congestion in several geographies, the world added a minimum of 236 GW of new solar PV capacity in 2022, its highest annual ever.
Global Irreversible Solar Tipping Point Probably Crossed
Solar Energy’s Dominance In The World’s Electricity Mix Is Not Only Possible, But Likely: New Research
Thursday, 19 Oct 2023
The world may have already crossed an ‘irreversible tipping point’ for solar to make this renewable energy generation technology the dominant source of electricity globally, even before 2050.
DNV: Solar Additions To Grow 13-Fold Till 2050
Expect 500 GW Annual Solar PV Installations By 2040 With LCOE Dropping To Around $21/MWh By Mid-Century
Friday, 13 Oct 2023
The 7th edition of DNV’s annual Energy Transition Outlook expects solar to become the most cost-effective electricity source globally by 2050 when its levelized cost of electricity (LCOE) will average around $21/MWh.
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