$35 Trillion Needed For Energy Transition By 2030
To Keep 1.5°C ‘Alive’ IRENA Presses For Annual Additions Of 1 TW Renewable Energy Capacity
The International Renewable Energy Agency (IRENA) believes the world needs to install an average of 1 TW new renewable energy capacity annually and across the globe to be able to grow deployment levels to over 10 TW in 2030, up from 3 TW now to keep the target of 1.5°C ‘alive’.
Global Renewable Power Grew By 295 GW In 2022
IRENA: Wind & Solar Represent 90% New Renewable Energy Capacity Additions In 2022 With Solar PV Alone Representing 191 GW
In 2022, the annual global renewable energy generation capacity increased by 9.6% or 295 GW with solar PV leading the pack at 191 GW reflecting 22% YoY improvement followed by wind energy adding 75 GW or 9% more annually, according to the International Renewable Energy Agency (IRENA).
India: Solar PV Record Installations Of 13 GW In 2022
With 2.6 GW New Solar Deployed in Q4/2022 & Pandemic Hit Capacity Coming Online, India Exited 2022 With 27% Annual Increase In Installations, Says Mercom
Several solar power projects delayed due to the COVID-19 pandemic related challenges in 2021 in India came online in 2022 taking the country’s annual PV installations in CY2022 to 13 GW.
New Report Calls Floating Solar A ‘Game-Changer’ In RE Sector
Frost & Sullivan Sees Floating Solar Growing In Demand With Land Scarcity Issues Becoming Prominent & As A Means To Reduce Water Evaporation
A new report from Frost & Sullivan sees great scope in the growth of floating solar during the next decade as it sees this ‘game-changer’ in the renewable energy sector making its presence felt with growing land-scarcity issues, and as a mean.
Asia Pacific’s Average Solar LCOE At 7% Premium To Coal In 2022
Utility Scale Solar & Onshore Wind LCOE In Asia Pacific Increased Significantly In Last 2 Years And These Continue To Battle Volatility Risks: Wood Mackenzie
Even though the focus on renewable energy gets stronger in Asia Pacific, coal will remain the cheapest new-build power generation option in the region until 2024 according to Wood Mackenzie.
Corporates Signed Up For 36.7 GW DC Clean Power In 2022
Corporate Clean Energy Buying An ‘Unwavering Constant’ Says BloombergNEF As Companies Contracted 36.7 GW DC New Renewables Capacity Last Year
Amazon keeps firm lead on Bloomberg New Energy Finance’s (BloombergNEF) clean energy deals list having signed 10.9 GW DC worth of power purchase agreements (PPA) in 2022, out of 36.7 GW DC the market intelligence firm counts having been contracted last year.
BloombergNEF: 260 GW New Solar Installed In 2022 Globally
Annual Solar Investments In 2022 Rose 36% With $308 Billion To Install 260 GW With China Accounting For 55% Of Global Renewable Energy Investment
Bloomberg New Energy Finance (BloombergNEF) counts global installed solar PV capacity in 2022 to have grown to 260 GW with the technology claiming $308 billion investment out of $495 billion invested in the renewable energy sector last year.
Europe Contracted 8.4 GW Renewable PPAs In 2022
Pexapark Sees European Renewable Energy PPA Market Growing Mature, Led By Corporate Buyers That Signed Up For 83% Of Contracted Volume In 2022
Europe counted 161 renewable energy power purchase agreements (PPA) in 2022 with corporate buyers bagging 83% or 7.0 GW of 8.4 GW reported last year with risk management as the ‘main theme’, according to Pexapark for whom last year was all about ‘disarming price volatility’.
Solar PPA Prices Soared In Q4/2022
Solar PPA Prices In Europe & North America Continue To Soar In LevelTen Energy’s Universe With Supply Chain Concerns; Wind Faces Challenges
In Q4/2022, solar power purchase agreement (PPA) prices developers offered for contracts rose in Europe with high development costs and unstable regulatory environment, as well as in North America thanks to stiff supply chain challenges, according to.
MESIA Exhorts Accelerating Pace Of Solar In Middle East
The Middle East Solar Association’s Market Outlook Report 2023 Calls For Support Of Distributed Segment
The Middle East Solar Industry Association (MESIA) hails the progress made by the Middle East and North Africa (MENA) region despite the challenges posed by the pandemic, supply chain disruptions, and high oil & gas prices in the last 3 years but.
Solar Fabs Attracted $23.9 Billion Investment In 2022
Renewables Led Global Energy Transition Investment Of $1.1 Trillion With 13% Annual Increase In 2022; BloombergNEF Says Not Enough
Bloomberg New Energy Finance (BloombergNEF) believes with $1.1 trillion investment in low-carbon energy transition in 2022, including $23.9 billion for solar manufacturing factories, these technologies seem to have reached parity with capital deploye.
US Corporates Signed Up For Nearly 20 GW Clean Energy In 2022
Solar Outpacing Wind As Preferred Choice For US Corporate Buyers, Says ACP In New Report Counting Over 77 GW Clean Energy Having Been Contracted Till 2022-End
An increase in power purchase agreement (PPA) prices did not deter US corporates from purchasing 4 GW more clean energy in 2022 annually with a total of around 20 GW, led by Amazon, says the American Clean Power Association (ACP) in a new report that.
Global Solar Raised $24.1 Bn Corporate Funding In 2022
Mercom Counts 2022 Global Solar Corporate Funding Having Dropped 13% YoY; Rystad Energy Expects $250 Billion Spending On Solar Investments In 2023
Increased demand for solar following the unfortunate war in Ukraine and a significant boost to the US market with the Inflation Reduction Act (IRA) acted as strong reasons for the global solar sector raising $24.1 billion corporate funding in 2022, b.
New Report On Clean Energy Technology Manufacturing
Global Clean Energy Technology Manufacturing Worth $650 Billion Annually By 2030; Solar PV Likely To Remain Concentrated In China Till 2027: IEA
Global solar PV manufacturing expansion plans, as announced under net zero emissions by 2050 (NZE) Scenario, boosting overall module production capacity to around 790 GW by 2027 are on well on track to satisfy projected demand by 2030, according to t.
ADB’s Guidebook To Boost Rooftop Solar Adoption In India
Utilities As Facilitators/Investors/Demand Aggregators Can Help India Boost Rooftop Solar Adoption, Says Asian Development Bank
Taking a deep dive into the challenges faced by India’s laggard rooftop solar segment, the Asian Development Bank (ADB) has come out with a series of helpful guidelines for the country to increase rooftop PV deployment, centered mainly around active engagement of utilities.
IEA PVPS Report Investigates BIPV Digitalization
‘Lack of Awareness’ Among Industry Professionals A Significant Factor Limiting BIPV Uptake; IEA PVPS Recommends Digitalization As Way Out
A new report from the International Energy Agency Photovoltaic Power Systems Programme (IEA PVPS) under its Task 15 explores the complexities surrounding building integrated PV (BIPV) projects and stresses on increased use of digitalization within the segment to increase its uptake.
IEA Pegs 60 GW Potential New Solar PV In EU In 2023
Accelerate Renewable Energy Deployment In EU To Brace For Possible Gas Deficit In 2023, Recommends IEA; Says Solar PV Deployment Next Year Can Grow To 60 GW & Onshore Wind To 25 GW
As the European Union (EU) seems to manage and remain ‘safe’ in 2022 winter with just enough gas, this may change in the winter of 2023/24.
European Union To Exit 2022 With Over 41 GW Solar Installed
Solar PV Displays ‘True Potential’ For 1st Time In EU With 41.4 GW Installed In 2022; SPE Forecasts Over 50 GW To Come Up In 2023
SolarPower Europe (SPE) counts 41.4 GW new solar PV capacity having been installed in 2022 by 27 member states of the European Union (EU), 47% up YoY from 28.1 GW deployed in 2021, taking the cumulative to 208.9 GW by end of 2022.
US Attracts $40 Billion Clean Energy Investments In 3 Months
ACP Counts 22 GW New Solar Cell/Module Manufacturing Capacity Announced In US Since IRA Coming Into Force
A total of 22 GW new solar cell or module manufacturing capacity in the form of 12 new solar production facilities have been announced in the US since August 16, 2022 when the US government cleared its Inflation Reduction Act (IRA), according to the American Clean Power Association (ACP).
Rethink Energy Expects 222 GW Global Solar Installations In 2022
Rethink Energy Counts 330 GW Solar PV Modules Manufactured In 2022, Yet Pegs 222 GW As Installed; China To Deploy 42 GW In Q4/2022 & Exit Year With 94 GW
Globally, 330 GW worth of solar PV modules—comprising 320 GW silicon PV and 10 GW CdTe and CIGS—were produced in 2022, but not all of it was used for installations this year that Rethink Energy thinks should add up to 222 GW with a 35% YoY growth.
