Global solar additions to hit 310 GW in 2024, says IEA
The International Energy Agency (IEA) said in a new report that solar will remain the main source of global renewable capacity expansion in 2023, accounting for 286 GW. In 2024, the figure is set to grow to almost 310 GW, driven by lower module prices, greater uptake of distributed PV systems, and a policy push for large-scale deployment.
$30.3 billion market potential for solar pumps, dryers in India
A new report states solar-powered pumps (higher capacity and micro-pumps) offer a $28 billion market potential in India, the maximum among all mature decentralized renewable energy (DRE) livelihood applications. Solar dryers have the second-largest deployment potential at $2.3 billion.
Govt to launch scheme for livelihood applications of distributed renewable energy
India’s power minister said the government will create a large program for distributed renewable energy livelihoods, like rooftop solar and solar irrigation schemes.
Mobile solar system for agricultural farms
India’s Vivasvan Solar has designed a foldable solar structure mounted on a trolley. The system employs mechanisms to prevent damage to the panels during transit and is especially useful for agricultural farms.
Dutch city installs solar footpath
Hungary’s Platio has inaugurated a solar footpath in the Dutch city of Groningen. The installation consists of 2,544 monocrystalline Patio solar pavers with a 21.8% efficiency rating. It will generate 55,000 kWh of electricity per year and can purportedly withstand a pressure of 2 tons without microcracks.
Bangladesh needs up to $1.71 billion annually till 2041 for 40% renewable energy capacity
A new report says the time is ripe for Bangladesh to increase renewable energy-based generation capacity to reduce costly fossil-fuel imports and drive down subsidy burdens on the power sector. It finds the nation would need to consistently invest $1.53 billion to $1.71 billion annually until 2041 to build a 40% renewable energy capacity of the electricity demand of 61,866 MW in 2041.
India surpasses 64 GW of installed solar capacity: MNRE
Rajasthan, Gujarat and Karnataka account for over 50% of the cumulative installed solar capacity.
New global solar capacity additions hit 191 GW in 2022, says IRENA
Global renewable capacity increased by 295 GW last year, bringing the world to a cumulative installed capacity of 3,372 GW, according to the International Renewable Energy Agency (IRENA).
TERI recommends provisions for green fund in Union Budget 2023-24
Experts at TERI say the money collected as cess on coal could be used to create a Green Equity Fund and also provide viability gap funding for energy transition projects.
Minigrid operator Husk Power achieves profitability with India leading the way
Bihar-based Husk Power Systems, which serves rural Asia and Africa, became EBITDA positive in the fourth quarter of 2022 in India and Nigeria.
