India Needs $223 Billion To Meet 2030 RE Goals
BloombergNEF: India Must Learn From International Experience To Pursue Renewables
Between 2022 and 2029, India would need investments worth $223 billion for the country to be able to meet its wind and solar capacity targets, a 3x increase over $75 billion actually invested between 2014 and 2021, says Bloomberg New Energy Finance (BloombergNEF).
IEA: Only 1% Global Solar PV Capacity In Africa
Africa Can Install 125 GW Solar Capacity Between 2021 & 2030 Under IEA’s SAS Scenario In New Africa Energy Outlook
Africa holds only 1% of the world’s installed solar PV capacity, however under the Sustainable Africa Scenario (SAS) in the International Energy Agency’s (IEA) new energy outlook report, there is potential for 125 GW solar to be added between 202.
Saudi Arabia Solar Power ‘Market To Watch’
Fitch Solutions Expects India To Bring Online 90 GW+ & Germany 72 GW+ Solar By 2031
Between 2022 and 2031, India is likely to bring online more than 90 GW new solar capacity, along with Germany adding 72 GW, as the 2 solar power outperformer markets in Fitch Solutions Country Risk & Industry Research latest commentary that also sees Saudi Arabia as the market to watch.
VPPA Model For India To Create 104 GW RE
WWF-India Report: 104 GW RE Demand By 2030 For India Through Innovative RE Procurement Model
The World Wide Fund for Nature-India (WWF-India) expects total estimated demand for virtual power purchase agreements (VPPA) in India can grow to the tune of 104 GW by 2030 which can help the country meet 27% of its balance target out of 500 GW renewable capacity by 2030.
US Installed 3.9 GW DC Solar In Q1/2022
Uncertainties & Supply Chain Constraints Lead To ‘Weakest’ Quarter For US Solar In Q1/2022
The US solar market reported its weakest quarter in last 2 years with 3.9 GW DC of new solar PV capacity in Q1/2022, having dropped 24% annually and 52% sequentially due to supply chain constraints and trade policy disruptions, according to the US Solar Market Insight: Q2 2022.
Poland Could Host 28.5 GW Solar By 2030
IEO Says Poland Achieved 10 GW Aggregate Installed PV Capacity By May 2022
Poland could be looking at its cumulative installed solar PV capacity growing up to 12 GW by 2022-end, further up to 20 GW by 2025, and 28.5 GW by the end of 2030, increasing from 7.6 GW at the end of 2021, according to the Instytut Energetyki Odnawi.
Japan’s Solar Potential: 180 GW DC By 2030
RTS Corporation Says Japan Can Install 14 GW DC Annually in FY 2030, Resulting In Total Installed Capacity of 180 GW
Japanese solar consultancy RTS Corporation pegs Japan’s cumulative solar energy potential under friendly policies and favorable environment to grow to 180 GW DC/140 GW AC by 2030, up from what the government aims to with an ‘ambitious’ 117.6 GW AC target.
India Installed 456 MW Rooftop PV In Q1 CY2022
Mercom India Says India’s Cumulative Installed Rooftop Solar Capacity Increased To 7.6 GW
India’s total installed rooftop solar capacity at the end of March 2022 increased to around 7.6 GW with the addition of 456 MW in Q1 of calendar year (CY) 2022, according to Mercom India Research’s new report Mercom India Rooftop Solar Market Report Q1 2022.
IRENA: $0.65/kg Green Hydrogen Cost Possible
Land Availability For RE & Water Scarcity Limiting Factors For Green Hydrogen LCOH Coming Down
The International Renewable Energy Agency (IRENA) believes there is potential for green hydrogen production costs to reach levels of $0.65 per kg by 2050, but it would largely depend on land and water availability within specific regions that hold more renewable energy potential than others.
India Added 3GW+ Solar Capacity In Q1 CY2022
Mercom India: India’s Cumulative Installed Solar Capacity Till March 2022 Reached 52 GW
With the addition of 2.7 GW large scale solar, Indian solar installations during 1st quarter of calendar year (CY) 2022 added up to over 3 GW, according to Mercom India Research.
8th PV Module Reliability Scorecard Released
PVEL’s 2022 PV Module Reliability Scorecard Sees Improvement Across Board
The newly released 8th edition of PV Module Reliability Scorecard of PV Evolution Labs (PVEL) evaluates 122 modules from 25 manufacturers, showing ‘resilience’ of the global solar industry despite various obstacles ranging from raw material supply disruption to logistics bottlenecks.
Europe Must Do More To Speed Up Rooftop Solar
CAN Europe Recommends 5 Million Annual New Rooftop Solar PV Deployment Target By 2025
A new report by Climate Action Network Europe (CAN Europe) on Europe’s rooftop solar segment argues the region needs to have more clear policies to break barriers blocking its expansion while recommending annual deployment of a minimum of 5 million new rooftops with solar PV in 2025.
IEA Expects 320 GW Global RE Capacity In 2022
Solar PV Additions To Grow 25% YoY To 190 GW In 2022, Driven By Utility Projects In China & EU
Strong policy environment in China and the European Union (EU) will encourage faster deployment of utility scale solar power projects leading to the commissioning of 190 GW new solar in 2022, and reach almost 200 GW in 2023, according to the International Energy Agency (IEA).
Global Cumulative PV Capacity Exceeds 1 TW
SPE: World Installed 167.8 GW New Solar In 2021; Expect 36. Growth To 228.5 GW Additions In 2022
In the beginning of May 2022, the world saw its cumulative installed solar capacity exceeding 1 TW with the addition of 167.8 GW in 2021 having gone up 21% YoY, according to SolarPower Europe (SPE), as it guides for 36% annual increase in 2022 to 228.
Global Solar Corp. Funding Down 7% YoY In Q1/2022
Robust Demand For Solar, But Significant Headwinds For Solar, Cautions Mercom Capital
In Q1/2022, total global corporate funding of $7.5 billion for solar PV industry increased 51% QoQ thanks to robust demand, but dropped 7% YoY due to challenges related to supply chain issues, inflation and interest rate trajectory, according to Mercom Capital Group.
Growing Imbalance Of RE PPA Demand & Supply
Regulatory, Logistical Issues Along With War In Ukraine Pushing Up PPA Prices For Solar & Wind: LevelTen Energy
LevelTen Energy blames regulatory, interconnection and supply chain challenges in North America and the war in Ukraine for Europe, along with rising development costs, as reasons pushing up prices for wind and solar power purchase agreements (PPA).
IPCC: Deep Emissions Reductions Across Sectors
Global Low Carbon Electricity Generation Capacity Not Enough, Needs To Reach 100% By 2050, Says IPCC
For the world to reduce its net emissions by 2030, the Intergovernmental Panel on Climate Change (IPCC) counts solar followed by wind energy as offering the highest potential among energy sources, yet argues that low-carbon electricity generation nee.
Solar Demand Might Fuel Forced Labor?
Rights Lab Report Presses For Global Roadmap For Solar Industry To Address Modern Slavery Risks
A report by Rights Lab at the UK University of Nottingham believes growing demand for solar may parallelly fuel demand for products made with forced labor, including polysilicon for solar panels and cobalt for lithium-ion batteries, unless the solar .
