Renewable Energy Jobs Continue Growth to 11.5 Million Worldwide: IRENA

According to the latest figures released by the International Renewable Energy Agency (IRENA),  Renewable energy continues to bring socioeconomic benefits by creating numerous jobs worldwide. The seventh edition of Renewable Energy and Jobs – Annual Review shows that renewable energy jobs in the sector reached 11.5 million globally last year, led by solar PV with some 3.8 […]

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COVID-19 will permanently reduce global energy demand, buys time to reach Paris climate goals

The behavioural and economic ramifications of COVID 19 will permanently reduce global energy demand, according to DNV GL’s newly published Energy Transition Outlook. Compared to the pre-pandemic forecast, energy demand will be lowered 6-8% each year to the middle of the century. COVID-19 has prompted major behavioural shifts important to energy consumption, as demonstrated by […]

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Global investment in new renewables capacity rose 5% in 1H 2020: BNEF

Renewable energy capacity investment showed great resilience in the first half of 2020, in the face of the unprecedented economic shock caused by the coronavirus, according to the latest figures from research company BloombergNEF (BNEF). The data, drawn from BNEF’s world-leading database of deals and projects, show that one sub-sector of renewables – offshore wind […]

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SWELECT Energy Systems posts Rs 14.87 cr loss for Jan-Mar

SWELECT Energy Systems on Wednesday reported a consolidated net loss of Rs 14.87 crore for the January-March quarter. The consolidated net profit of was Rs 4.47 crore in the quarter ended on March 31, 2019, according to a regulatory filing by the solar power systems company. Total income of the company rose to Rs 69.18 […]

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India’s solar capacity addition during FY21 to come down by 15 per cent: ICRA

The rating agency ICRA in its new report revealed that India’s domestic solar capacity is expected to add about 5.5 gigawatt (GW) during the financial year 2020-21 (FY21) due to the execution headwinds amid lockdown restrictions post-COVID pandemic. ICRA said that the domestic solar capacity addition in FY20 remained lower by 15 per cent than […]

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Sharp spurt in clean energy innovation needed to reach climate goals: IEA

According to a report released by the International Energy Agency (IEA)–a major acceleration in clean energy innovation is needed for the countries and companies around the world to fulfil their pledges to bring their carbon emissions down to net-zero in the coming decades,. The report assesses the ways in which clean energy innovation can be […]

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Solar mini-grids to play crucial role for many global communities with no power: BNEF

A new report titled – State of the Global Mini-Grids Market Report 2020- states that Solar-powered mini-grids can play  crucial role in delivering universal electricity access across the globe. This will help connect the 789 million people worldwide who still do not have access to reliable electricity, says the report. The new report was published […]

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Post COVID 19 Clean Energy can Support India’s Economic Recovery: Report

NITI Aayog and Rocky Mountain Institute (RMI) in its new report identify how COVID-19 is beginning to influence the clean energy transition in India, specifically for the transport and power sectors. The report recommends principles and strategic opportunities for the country’s leaders to drive economic recovery and maintain momentum towards a clean energy economy. COVID-19 […]

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US offshore wind power sector could deliver up to 25GW in 2029: Wood Mackenzie

The US offshore wind industry is set to power up over the coming decade. New research from Wood Mackenzie shows that as the sector ramps up from near-zero today, it could deliver as much as 25 gigawatts (GW) in 2029, capturing almost half of the US market for new wind power installations. However, a number […]

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US solar PV system costs falling faster than anticipated: Wood Mackenzie

Wood Mackenzie in its new report says that Solar PV system costs in the US are falling faster than anticipated across all market segments, primarily driven by module price reduction. Residential system prices with mono PERC modules are now expected to fall 17% from 2020 to 2025, up from 14% forecast pre-coronavirus. Additionally, mono PERC […]

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