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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
According to new research by Wood Mackenzie solar power systems nearing inverter end of life currently account for 5% of the global PV market, this number will grow to 16% – or 227GWDC of solar systems – by 2025. The repowering and maintenance of these solar power plants will come at a cost, however. Wood Mackenzie […]
