IRENA

IRENA Report on Global energy transformation: A roadmap to 2050 (2019 edition)

Increased use of renewable energy, combined with intensified electrification, could prove decisive for the world to meet key climate goals by 2050. This study from the International Renewable Energy Agency (IRENA) highlights immediately deployable, cost-effective options for countries to fulfill climate commitments and limit the rise of global temperatures. The envisaged energy transformation would also […]

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India Now the Lowest Cost Producer of Solar Power

A new report by IRENA has revealed that India now holds the tag of the lowest cost producer of solar power in the world. The International Renewable Energy Agency’s (IRENA) latest report, ‘Renewable Power Generation Costs in 2018’ highlights the latest trends for each of the main renewable power technologies. And draws on the latest […]

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Cost of Renewable Power Dropped to a Record Low in 2018: Report

The Renewable energy Sources like solar, onshore Wind costs will see a further slide next year consistently cheaper than any other fossil fuel source says the newest IRENA report. Boosting the business case for Renewables in the world, costs of renewable sources like onshore wind and solar photovoltaic (PV) technologies will in the next year […]

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Global Access to Electricity is Growing, but Falling Short of Sustainable Energy Goals

Despite significant progress in recent years, the world is falling short of meeting the global energy targets set in the United Nations Sustainable Development Goals (SDG) for 2030.  Ensuring affordable, reliable, sustainable and modern energy for all by 2030 remains possible but will require more sustained efforts, particularly to reach some of the world’s poorest […]

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Impact of Smart Charging EVs on the Energy Transition

The International Renewable Energy Agency (IRENA) recently issued its review analysis on the potential and impact of smart charging electric vehicles on the energy transition. Today the average car runs on fossil fuels, but growing pressure for climate action, falling battery costs, and concerns about air pollution in cities, has given life to the once […]

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Global Renewables Agency IRENA gets a new Director-General

The International Renewable Energy Agency (IRENA) has announced that Francesco La Camera is the agency’s new director-general. Camera was earlier with the government in Italy, at the Italian Ministry of Environment, Land & Sea where he was the director-general of Sustainable Development, Environmental Damage and International Affairs. As the national coordinator for climate, environment, resource […]

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Deep Electrification Powered by Renewables Key for a Climate-Safe Future: Report

A new report by the International Renewable Energy Agency (IRENA) charts pathways to further accelerate energy transformation which meets climate objectives while creating jobs and fostering economic growth. As the urgency to take bold climate action grows, the new analysis revealed that scaling-up renewable energy combined with electrification could deliver more than three-quarters of the […]

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Renewable Energy Now Accounts For a Third of Global Power Capacity: IRENA

The sector added 171 GW of generating capacity in 2018, with total renewable energy generation capacity reaching 2,351 GW at the end of the year. The decade-long trend of strong growth in renewable energy capacity continued in 2018 with global additions of 171 GW, according to new data released by the International Renewable Energy Agency […]

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Interview with Rajendra Kumar Parakh, CFO, Vikram Solar

Availability of Domestic Finance at Viable Cost is Still a Distant Dream The only challenge that we can foresee is in terms of availability of finance and cost of finance available for renewable energy sector. Sources of finance for both solar manufacturing industry and solar deployment industry are scarce, a large part of funding comes […]

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