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Solar will Become More Competitive than Coal by 2040: IEA

IEA also said in the report that Renewable energy has surpassed fossil fuels worldwide as the main source of new electricity generation. Power generation using solar energy will be more competitive than that via coal before 2040, International Energy Agency (IEA) has predicted in its World Energy Outlook 2018 report. IEA also said in the […]

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IEA Predicts India Will Lead the World in Clean Energy By 2040

Rapid deployment of solar photovoltaics (PV), led by China and India, will help solar energy become the largest source of low-carbon capacity The International Energy Agency (IEA) predicts India is likely to lead global energy demand growth surpassing China and the US by 2040. In its latest World Energy Outlook, published by the International Energy […]

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Solar Power a Clear Leader, IEA Report Finds

For the first time ever, there were more grid additions from solar power than another other type of fuel, the International Energy Agency said. IEA Executive Director Fatih Birol said that, by 2022, renewables in general will equal about half the global capacity for coal power and its solar energy in particular that’s leading the […]

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Encourage Members to Increase Renewables in Energy Mix: R K Singh to IEA

The four main areas of focus of IEA will be energy security, economic development, environmental awareness and engagement worldwide. The International Energy Agency (IEA) should encourage its member countries to increase share of renewables in their energy baskets, Power Minister R K Singh told the press. “IEA should encourage all its member countries to increase […]

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Cypress Creek Renewables and TriEagle Energy Join Forces to Make Clean Energy More Accessible and Affordable in Texas

Cypress Creek Renewables and TriEagle Energy, independent energy retailer based in Woodlands, Texas, today announced the launch of a new direct-to-consumer program that will make solar energy more accessible to thousands of Texas consumers. Through the new SunEagle program, residents in North Texas can instantly enjoy the benefits of solar energy—low, fixed rates for years and a 100% renewable energy […]

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Pentagreen, BII Invest $80M With ib vogt To Build Solar, BESS in SE Asia

Pentagreen Capital (Pentagreen) and British International  Investment (BII) have announced joint financing of US$80 million to accelerate the rollout of utility-scale solar and battery storage projects across Southeast Asia. These companies are developing their latest project in collaboration with ib vogt Singapore Pte. Ltd. (ib vogt), an international renewable energy development platform.   Pentagreen is the sustainable […]

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Battery Storage Era: 5 Reasons BESS Is Supercharging the RE Revolution

Among many things, 2024 will probably remain a marker for the momentum it built up for Battery Energy Storage Systems (BESS). So sharp has been the pick up here that even countries like the UK which had special focus on Pumped Hydro Storage (PSP) have changed rules in recent weeks to allow BESS projects to […]

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FDRE Projects Prone To Several Financial Risks, Says EMBER

A new report from Ember maps various financial risks associated with renewable projects. Based on the assessment of these risks, the report estimates the premiums associated with them and the overall impact of the risks on the cost of capital. The report moves beyond traditional “thumb rules” for calculating risk premiums by adopting a data—and […]

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