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Employment

India and Australia’s richest race to net-zero by 2030

Today, both Reliance and Fortescue are realizing the huge investment, employment, import replacement and export opportunities in zero emissions industries of the future, both for India and Australia. And they look to be leading the way, fully supported by global financial institutions increasingly seeking to deploy trillions of patient capital in low volatility, non-commodity price exposed zero-emissions energy sources of the future.

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Energy transition to create 60m solar jobs by 2050

The switch from fossil fuels and nuclear will bring a jobs dividend thanks to the greater labor-intensity of renewables plants, according to a paper published by Finland’s LUT. However, the jobs dividend is unlikely to be evenly spread around the world, with Europe set to be a big winner.

‘Polysilicon shortage will continue through 2021’

The latest global PV industry outlook published by trade group SolarPower Europe, has indicated tight supply of the solar panel raw material is expected to persist this year but the trade body said it would be unlikely to drive further price rises.

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The prospects for solar in a 1.5C world

We will need 10.7 TW of clean energy generation capacity this decade to stay on track with the most ambitious of the climate change paths agreed in Paris, which would include plenty of solar investment and jobs, according to the International Renewable Energy Agency.

India eyes 10 GW of ingot-to-module solar factory capacity within two years

Under a production-linked incentive scheme, the government will reward manufacturers for building vertically integrated PV production lines. The scheme aims to attract 10 GW of production capacity by April 2023.

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Panasonic to exit solar manufacturing

The Japanese brand will continue to sell third-party-made modules under its brand in its home market, as it already does overseas, but in-house PV wafer, cell and module production will halt by the end of fiscal year 2022.

IFC says green recovery could drive $2.5tn renewables market this decade

The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.

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India’s path away from climate disaster lies in the rapid growth of renewable power

The nation is already firmly positioned to lead the world in the clean energy revolution. Consolidating this position would unlock significant economic growth and competitiveness by attracting domestic and foreign investment, creating jobs, and improving public health.

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Fall in off-grid solar sales deprives 5m people of access to clean power

The latest edition of the Global Off-grid Solar Market Report by the World Bank and GOGLA has called for regulatory and financial support to help off-grid distributors create jobs lost to the Covid-19 pandemic.

Indian-led start-up raises Swiss funding for solar diagnostic tool

Swiss-based SmartHelio claims to have witnessed a near 200% jump in demand for its deep-data driven solar asset management solution, which plugs into solar panels or energy storage systems. Sales of the internet-of-things enabled, cloud product have leapt in the last six months.

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