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tripling renewables target

India Becomes Second Largest Wind Market Within Asia Pacific In 2023

Global Wind Energy Council (GWEC) growth required an annual wind installation tripling to at least 320 GW. GWEC report found that the onshore wind energy recovered from a growth slowdown it currently is ranked fourth in total wind installations. It has installed 45 GW of onshore wind as of January 2024 and it’s the second […]

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China Dominates Wind Installations in 2023, As 120.7 GW Is Added Globally

The latest report from Global Wind energy Council (GWEC) for 2024 found a total of 30 wind turbine manufacturers installed a record 120.7 GW of new capacity in 2023. In a year marked by continuing supply chain challenges and other issues, this was a huge achievement. Incidentally, 122 GW is the expected total wind capacity […]

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Battery Storage Needs To Be Increased Six Times By 2030 To Meet Global Energy Demand

After their deployment in the power sector more than doubled last year, batteries need to lead a sixfold increase in global energy storage to enable the world to meet 2030 targets, according to the latest International Energy Agency (IEA) report. Growth in battery outpaced almost all other clean energy technologies in 2023 as falling costs, […]

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GWEC Elected Girish Tanti Vice-Chair Of Board At Abu Dhabi

Girish Tanti, Vice Chairman of the Suzlon Group, has been elected Vice-Chair of the Global Wind Energy Council (GWEC) at the annual board meeting, held in Abu Dhabi this year. With nearly 30 years of global renewables business experience, he has lived and worked across Europe, USA and Asia. As co-founder of Suzlon, he incubated […]

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Renewable Investments In Africa Need To Grow 5 Times: Report

A new report by think tank Climate Analytics finds $8 trillion of investment is needed for new renewables and $4 trillion for grid and storage infrastructure to deliver the 2030 tripling goal agreed at COP28 – or combined, $2 trillion a year on average. Using climate finance to mobilise $100 billion a year for the […]

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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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To Triple RE Capacity, India Needs 448GW Of Solar Power By 2030: Report

A latest report by global think tank Ember said that plan to triple its renewable energy capacity by 2030 in India, would require an additional financing of $293 billion. The analysis finds that India’s 14th National Electricity Plan (NEP14) put the country on track to more than triple its renewable energy capacity by 2030. But […]

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RE In Infrastructure Will Rise From 22% in 2020 to 29% in 2030: IRENA

COP28, IRENA (International Renewable Energy Agency) and Global Renewables Alliance outlined a roadmap at Pre-COP. They estimate that countries are likely to fast-track energy transition by tripling renewable power and doubling energy efficiency by 2030. At the COP28 Presidency, International Renewable Energy Agency (IRENA) and Global Renewables Alliance published a joint report outlining key enablers […]

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GSC Terms G20 Energy Transitions Meet In India A ‘Missed Opportunity”

The Washington DC registered Global Solar Council (GSC), has been left unimpressed by the lack of progress made at Goa, India in the G20 meetings under the Energy Transitions Working Group. Belying hopes of urgent action to deploy the renewable energy capacity needed to stay on a 1.5C pathway GSC claims that the outcomes of […]

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