According to a report by the International Renewable Energy Agency (IRENA) cited by Reuters, beginning 2020, electricity generated by solar PV and onshore wind is set to become consistently cheaper than the most cost-effective fossil fuel alternative, without subsidies. In essence, more than 80 percent of solar PV and 75 percent of onshore wind power deployments […]
By Ritwik Sinha Hero Future Energies, the renewable energy arm of Hero Group, is aiming at a major expansion in its capacity base in the next two years by quickly commissioning of some of its major projects in the country which are in advanced stage. At the same time, the company is looking for opportunities […]
After nearly two decades of strong annual growth, renewables around the world added as much net capacity in 2018 as they did in 2017, an unexpected flattening of growth trends that raises concerns about meeting long-term climate goals, the International Energy Agency (IEA) said. Last year was the first time since 2001 that growth in […]
The sun this year may not be strong enough for the global solar power industry this year, Investment banks Goldman Sachs and Credit Suisse have both come up with dismal predictions for the solar power industry. Goldman analysts say that global solar installations will decline by 24 percent this year, while Credit Suisse is forecasting […]
China’s decision to replace the feed-in-tariff (FiT) mechanism with a bidding process for most new wind and solar power projects will lower tariffs and reduce the incentive for operators to increase capacity, Fitch Ratings said in a note. The strongest impact will fall on producers of solar panel equipment, with solar capacity additions likely to […]
The world’s biggest-ever solar project, a $200 billion venture in Saudi Arabia, is likely to include batteries to supply electricity even at night time when solar power plants is generally rendered useless. SoftBank Group Corporation has partnered with the oil-rich Saudis to plan massive networks of photovoltaic panels across the sun-drenched desert kingdom. The project is […]
India’s energy needs are likely to double over the next seven years given the current rate of economic growth, and the country is likely to meet two-fifths of its electricity needs with renewable sources by 2030, according to the International Energy Agency (IEA). Power and Renewable Energy Minister R K Singh told reporters recently that […]
Several renewable companies in India are gearing up for action in the coming months and ongoing deal activities in the country’s green energy space includes Essel Infraprojects Ltd, which has mandated Investec to find a buyer for its solar business. Finland’s state-controlled power utility Fortum OYJ has hired Barclays Bank to sell a stake in […]
New solar PV capacity grew by 50% last year, with China accounting for almost half of the global expansion, according to the International Energy Agency’s latest renewables market analysis and forecast. For the first time, solar PV additions rose faster than any other fuel, surpassing the net growth in coal. Boosted by a strong solar […]
The world is experiencing a rapid energy transition, driven by electrification, boosted by a strong growth of wind and solar power generation, and further decarbonisation of the energy system, including the decline in coal, oil, and gas, in that order, Norway’s DNV GL said in a study. DNV GL, an international accredited classification society, took an independent […]
