Markets

IRENA: Renewables can account for up to two-thirds of total energy use, and 85% of power generation by 2050

In the latest edition of its long-term renewable energy outlook, the International Renewable Energy Agency (IRENA) calls for at least six-fold deployment of renewables by 2050, compared to the levels set out in current plans. Investment in low-carbon technologies needs to increase by around 30% to $120 trillion to enable the energy transition and avoid escalating stranded assets, the report finds.

Current solar duties issues – a historical blunder that occurred in 1995

Jayant Parimal, Adani Green Energy Ltd CEO, speaks to pv magazine about the recent trade conflicts India is suffering. He talked about the background of the duties, why it all became so complicated and its impacts on installation growth and manufacturing sector.

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Madhya Pradesh suffered from bumpy roads in its solar journey

For two separate projects, Madhya Pradesh state is witnessing delaying and associated losses. In one, ReNew Power has been slapped with $1.68 million fine for delays to a 51 MW PV project, and in another case, BHEL’s proposed 10 MW solar plant obstructed by state government.

Enphase Energy announces IQ Microinverters across India

The U.S. headquartered inverter company has mentioned that the new Enphase IQ microinverter enables faster installation and reduce maintenance costs for installers. Moreover, new technology will produce 18% more power and will be 31% lighter and 15% smaller than the current M-Series microinverters.

ReNew Power looks for $900 million initial public offerings

ReNew Power Ventures Pvt Ltd has expected to raise $800-900 million through the IPO, which it is planning to file in the coming two weeks. The renewable company has asked nine investment banks to manage the IPO.

Government initiates anti-dumping investigation for the imports of EVA film for PV modules

RenewSys India has filed an application before the Directorate General of Anti-Dumping & Allied Duties for the imposition of anti-dumping duty on imports of ‘Ethylene Vinyl Acetate (EVA) Sheet for Solar Module’ from China PR, Malaysia, Saudi Arabia, South Korea, and Thailand.

Solar modules with bypass diodes will be classified under 8541, hence no custom duty

Central Board of Indirect Taxes and Customs have issued a clarification regarding solar module equipped with bypass and blocking diodes. Market analysts assert that this step will increase PV installation in the second half of 2018.

Apple claims to be 100% renewable-powered

Technology multinational, Apple Inc. has announced that its global operations are now 100% powered by clean energy. Additionally, another nine of Apple’s manufacturing partners have committed to powering their production with 100% clean energy, meaning a total of 23 suppliers have now made this commitment.

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Record inverter shipments in 2017, three-phase string inverters overtake central for first time

According to the latest GTM Research statistics, global inverter shipments increased 23% in 2017, and revenues 11%, thus representing another record year. A market first, three-phase string inverter shipments overtook those of central inverters.

2018: India second largest solar market on back of 113 GW global installations

With 11 GW, India is set to become the second largest solar PV market in 2018, usurping the U.S., as global demand reaches 113 GW, says IHS Markit. It adds that Q4 will be the biggest quarter in history for installations, with 34 GW expected.