IHS Markit predicts that global installed solar PV capacity will grow by 20% to over 200 GW in 2022, despite a difficult cost environment. PV system costs are expected to resume their downward trend from 2023, when more polysilicon capacities will come into operation.
The two energy majors have come together for the generation and storage of renewable energy or other forms of energy, including gas-based power, primarily to power Indian Oil refineries or other installations.
The open-access solar project under group captive mode will supply power to one of the global pharmaceutical companies.
The Sun Horizon consortium has started to collect performance data on two pilot projects that combine heat pumps with solar systems using hybrid panels on homes in Riga, Latvia. The solution features a heat pump for space heating and domestic hot water and PVT panels to produce power for heating and domestic appliances, with excess power fed to the grid.
At the Renewable Leadership Summit 2021 held recently in New Delhi, Dinesh Jagdale, joint secretary, Ministry of New and Renewable Energy, also asserted the ministry is working on addressing stakeholders’ concerns to ensure the investments keep flowing into RE capacity expansion and equipment manufacturing. The Summit, organized by Solar Association, also saw Solis launch its new-generation PV plant monitoring platform and off-grid hybrid inverters.
Solar, like wind, has evolved into a more viable bilateral arrangement business model as prices have decreased and favorable legislation has emerged. Due to significant technical advancements, the solar industry has overtaken wind and has emerged as the favored option.
The International Solar Alliance is an international intergovernmental treaty-based organization headquartered in India that aims to reduce the cost of solar technology and mobilize finance to accelerate solar adoption in its member countries.
We all should envisage a society in which everyone, including individuals and businesses, operate carbon neutrally, i.e., all entities reduce their carbon footprint by adopting sustainable practices.
The advisory committee will guide the International Solar Alliance on meeting its objective of mobilizing US$ 1 trillion investment in solar energy by 2030. Committee members include representatives from leading institutional investor like Africa50, CDPQ Global, IFC, the Development Bank of Southern Africa, Capricorn Investment Group, and Temasek.
To achieve the government’s ambitious renewable energy targets, and integrate the two growing sectors of infrastructure and construction and renewable energy, the existing policies and codes for green buildings need to be further enhanced. Most of these rules need to include specific details about energy generation. Right now, these are more to do with energy efficiency.
This website uses cookies to anonymously count visitor numbers. To find out more, please see our Data Protection Policy.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.