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Electricity Market

Solar Europe 2023-Record Additions, Generation Seen in 2023 From Solar In Europe

That Europe added over 56 GW of solar in 2023 has already been documented. But it is the numbers  coming out from individual countries that make for interesting reading. Thus, even as powerhouses like Germany crossed 14 GW in fresh additions, smaller countries like the Czech republic made major strides as well, adding over 970 […]

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Our Atomic Energy Batteries Can Last For 50 Years Without Charge: Betavolt

A Chinese company, ‘Betavolt New Energy Technology’ recently developed a miniature atomic energy battery. This product combined nickel 63 nuclear isotope decay technology and China’s first diamond semiconductor (4th generation semiconductor) module. It was combined to realize the miniaturization of atomic energy batteries, modularization and low cost, starting the process of civilian use. This marked […]

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E-Fuel Blending In EVs Can Reduce Fossil Fuel Dependence By 2028: IEA Estimates

A recent report by International Energy Agency (IEA) found that a combination of electric vehicles (EVs) and biofuels is anticipated to significantly reduce global oil demand. It’s estimated to offset 4 million barrels of oil-equivalent per day by 2028, constituting over 7% of the predicted oil demand for transportation. The IEA report on E-fuel mentioned, […]

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Certified Heat Pump Installations In UK Increased By 20%: MSC Data

A recent data by MCS Foundation, an industrial body in the United Kingdom (UK) stated that certified heat pump installations in the country witnessed an increase by nearly around 20 percent in 2023. It accredited this jump to an increase in the demand for renewable energy technologies that reached its highest ever level in the […]

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CERC Declines To Consider Power Exchange RTM Abortions As ‘Force Majeure’

The Central Electricity Regulatory Commission (CERC), in its latest judgement, declined to consider the plea of BSES Rajdhani Power Ltd, a power distribution licensee from Delhi. The discom had approached the Central Commission asking it to consider the events related to abortion and the cancellation of bids placed on the Real Time Market (RTM) of […]

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14 Trends That Drove Change In RE Within 2023: IEA Analysis

The International Energy Agency (IEA) reviews 14 major trends that shaped 2023 and predicts future changes for energy sector in 2024. 1. 2023 Witnessed Change In Renewable Capacity Additions, driven by China’s solar PV market According to IEA , the global annual renewable capacity addition was expected to increase by almost 50% to nearly 510 […]

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Germany’s Renewable Energy Capacity Increased By 12% YoY

The Bundesnetzagentur, a German energy regulatory office in its preliminary figures on growth in renewable capacity in 2023, found an increase in Renewable Energy (RE) installed capacity by 17 gigawatts (GW). This represents a year-on-year (YoY) increase of 12%. The increase is mainly accounted for by solar and wind. According to this data shared by Bundesnetzagentur […]

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QCells Signs 12-GW Solar Power Deal With Tech-Giant Microsoft

Global renewable energy player Qcells will supply tech giant Microsoft with 12 – G.W. of solar modules and EPC services over an 8-year period. This is Qcells’ largest module and engineering, procurement and construction (EPC) services agreement to date. The order is equivalent to powering more than 1.8 million homes annually. The eight-year strategic alliance […]

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Germany’s Renewable Energy Generation Witnesses 5% Rise YoY

The Bundesnetzagentur, a German energy regulatory office published its electricity market data for 2023. In mentioned an increase in share of renewable energy generation in 2023, especially in the market share of the grid load. It estimated that the electricity generated from renewable sources stood at 55.0 percent, a rise from 48.42% in 2022. It […]

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