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Global Wind Power Production “Very Predictable”, Finds Eoltech study

Eoltech, a wind and solar resource assessment consultancy, released the findings of a new study that aimed at assessing the variations of the global wind resource over the last 15 years. The data show that worldwide wind power production is very predictable, with annual variations remaining within a ± 3 % range. These results are […]

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PM Surya Ghar: Govt Earmarks Rs 800cr For Model Solar Villages

The Ministry of New and Renewable Energy (MNRE) has now issued its notification for the rollout of its ambitious PM Surya Ghar: Muft Bijli Yojana. The ambitious scheme has planned to install rooftop solar panels onto one crore households with a financial output of Rs 75,021 crore. The ministry in its detailed financial outlay said […]

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India’s Subsidies For Fossil Fuels 5 Times Higher Than For Clean Energy: IISD

The 2022 global energy crisis and India’s growing energy demand have led the country to adopt a hybrid approach, expanding all forms of supply in 2023. This approach has pushed India’s total energy subsidies to a 9-year high of INR 3.2 lakh crore (USD 39.3 billion) for the fiscal year ending 2023 (FY 2023), new […]

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Global Solar Installations Could Touch 574 GW In 2024, Predicts BloombergNEF

The latest report by energy think tank BloombergNEF forecasts that there could be solar installations of capacity as high as 574 GW this year. The new global PV outlook report says the new installations hit 444 GW in 2023 instead of having peaked at 413 GW as was predicted earlier by BloombergNEF. The research further […]

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World Bank Allocates $300 Mn For RE Projects in Eastern & Southern Africa

The World Bank has extended a facility of close to $300 million to the Eastern and Southern African Trade and Development Bank (TDB), to support distributed renewable energy (DRE) and clean cooking private sector projects in eligible countries of the World Bank’s International Development Association (IDA) that are TDB member states. This new facility follows […]

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Yearly Review: India Added More Coal Power Than Wind In 2023

The latest analysis of the government’s monthly capacity addition reports revealed that India added more coal power than wind energy in the calendar year 2023. A comparison of the monthly installed capacity reports of the Central Electricity Authority (CEA) by Saur Energy revealed that India added 4 Gigawatt (GW) of net coal power in 2023. […]

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JSW Group To Invest Rs 40,000 Crore In Odisha For EV Projects

Odisha government on Monday approved a special package pertaining to JSW’s projects related to electric vehicle and component manufacturing in Naraj, Cuttack and Paradip. Through these projects the JSW group will invest Rs 40,000 crore in the eastern state of Odisha. On the approval to JSW’s investment projects in the state, Odisha CM Naveen Patnaik […]

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India Has Around 32 GW of RE Projects Under Bidding Stage: RK Singh

Union Minister of New and Renewable Energy RK Singh said in a press conference that no country could excel without sufficient power. “The power shortage in India has come down from around 4.5% in 2014 to less than 1% today,” he said.  He added, “Electricity is the most important infrastructure, which is a sine qua […]

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EU Adds 17 GW New Wind Energy In 2023, Fails To Meet 30 GW Target

A latest data by WindEurope found that European Union (EU) built 17 GW of new wind farms in 2023. The report also said that the EU installed 14 GW of onshore and 3 GW of offshore wind energy. The EU report stated, “These numbers are slightly up on 2022 and are the most the EU has ever built […]

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