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World to Get 50% Electricity from Wind and Solar by 2050, says BNEF Report

“We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses,” said Seb Henbest, Head of Europe, Middle East and Africa for BNEF and lead author of NEO 2018. The world will generate half of the power generation […]

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Renewable Generation Costs Keep Plunging : IRENA

IRENA extends that all sustainable power source advances will contend with fossils on cost by 2020. For new undertakings appointed in 2017, power costs from inexhaustible power age have kept on falling fundamentally contrasted with the petroleum derivatives, as indicated by another report from the International Renewable Energy Agency (IRENA). It gauges inland breeze is […]

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Artificial Intelligence (AI) Will Enhance the Efficiency of Renewable Energy Projects: Reports

The use of autonomous drones will offer quicker and efficient remote inspection and maintenance. As per the suggestion by DNV GL, stating that technologies such as autonomous robotics and machine learning can help improve areas such as decision making and planning, condition monitoring, inspections and supply chain optimization which in turn help boost efficiencies across the renewable energy […]

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Efforts to Address Climate through Clean Energy Lag in Emerging Markets

Two years post-Paris, Climatescope research from Bloomberg New Energy Finance highlights slowing investment from OECD countries and limited policy-making follow-through in non-OECD nations. Two years since the signing of the Paris climate agreement and eight years after Copenhagen, countries on both sides of the rich-poor divide are falling short on promises made to address climate […]

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Siemens Gamesa Wins First Order For a Hybrid Wind-Solar Project in Karnataka

The Wind Solar Hybrid (WiSH) project constitutes the hybridization of an existing 50 MW wind farm with a 28.8 MW solar power plant to be executed in the state of Karnataka, the company said in a statement. Siemens Gamesa has been mandated to develop India’s first large commercial hybrid wind-solar project, where a 28.8-MW solar […]

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Renewable Energy Will Be Reaching 49 percent in India by 2040: BNEF

“Wind and solar energy account for 48 percent of installed capacity and 34 percent of electricity generation world-wide by 2040. This is compared with just 12 percent and 5 percent today. Installed solar capacity increases 14-fold and wind capacity fourfold by 2040. We anticipate renewable energy reaching 74 percent penetration in Germany, 38 percent in […]

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Renewables Will Become Dominant Energy Source by 2050: Oliver Wyman

“Governments need to champion and commit to COP21 targets and organisations need to be bold and agile in order to achieve an energy system built mainly on renewables by 2050.” Oliver Wyman in its latest report notes that a global energy system based mainly on renewables can be achieved by 2050, but governments need to […]

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CERC Proposes Levelized Generic Tariff for Select Renewables

Central Electricity Regulatory Commission has proposed a new levelized generic tariff for selected renewable and project specific for solar PV. The Central Electricity Regulatory Commission (CERC) has proposed a new levelized generic tariff for the purchase of electricity from small hydro projects, biomass with Rankine cycle, non-fossil fuel based co-generation, biomass gasifier and biogas based […]

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Global Floating Solar Panels Market to Grow at a CAGR of 65.1%: Research and Markets

Floating solar panels market is expected to witness robust growth with rising inclination towards clean energy of various economies across the globe Research and Markets in its latest report forecasts the global floating solar panels market to reach US$ 842.0 Mn by 2023, expanding at a CAGR of 65.1% during the forecast period 2016 to […]

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