Markets & Policy

Husk Power will use the fund for the construction of community solar minigrids in Nigeria, installation of rooftop solar for commercial & industrial (C&I) customers, expansion of appliance sales to households and small businesses, and the scaling of value-added services such as agro-processing and e-mobility.

The International Renewable Energy Agency (IRENA) says developers installed 345.5 GW of solar throughout the world in 2023. China mainly drove the surge, accounting for nearly three-quarters of all new renewable energy, but IRENA says more equitable growth will be needed to hit 2030 deployment targets.

Polish grid operator Polskie Sieci Elektroenergetyczne (PSE) has announced its third disconnection of renewable energy capacity this year. This time it has initiated the reduction of 1,201 MW to 1,877 MW of PV in response to oversupply.

The United Arab Emirates (UAE) tops in green hydrogen competitiveness with the world’s lowest levelized cost of hydrogen (LCoH) of $2.7/kg in 2023 and a projected $1.7/kg in 2030. It is followed by Saudi Arabia and India, which could produce green hydrogen at $2.9-$3.2/kg in 2023 and $1.8/kg in 2030.

Waaree Solar Americas Inc has appointed Gordon Brinser, EnerSys’ former vice president of operations, as its chief operating officer.

London Science Museum’s newest exhibit is focused on energy transition and renewable energy. The gallery showcases how the world can generate and use energy more sustainably, highlighting technologies and projects from the UK and abroad. Adani Green Energy is the gallery’s title sponsor.

India’s apex court has relaxed restrictions on the construction of overhead transmission lines in the potential areas for renewable energy generation in Rajasthan and Gujarat. It has also constituted a new committee to identify measures and safeguards to be adopted in overhead transmission that can help conservation of Great Indian Bustard.

The need for long-duration energy storage in a net-zero world is undeniable but with conventional battery prices tumbling, can anything dislodge the mainstream grip of lithium ion? S&P Global’s Susan Taylor provides an update on non-lithium storage technologies.

India’s Sterling Generators and Spain’s Tecnicas Reunidas have signed an agreement to jointly develop electrolyzers for green hydrogen production in India.

The International Renewable Energy Agency (IRENA) released a new report on the sidelines of the Berlin Energy Transition Dialogue this week describing the actions needed so the world complies with targets set at the recent COP29 conference in the United Arab Emirates. IRENA President Francesco La Camera says renewables are the only energy sources with the speed and scale to achieve the ambitious targets set in Dubai.