Japan

IRENA presents $2tn plan to drive 5.5m renewables jobs by 2023

Doubling down on renewable energy investment and energy transition spending is required to ensure a truly green global recovery from the Covid-19 crisis and its economic aftershock, claims the International Renewable Energy Agency.

Globally, electric vehicles show more resilience than conventional cars during Covid-19 shock

EV sales are set to be 1.7 million off because of the economic fallout of the Covid-19 crisis, however analyst BloombergNEF predicts that will be less of a hit than the anticipated fall in sales of conventional cars, increasing the penetration of electric models into the overall market.

3

Corporate clean energy PPAs surge globally, but India sees a drop

Year 2019 saw some 19.5 GW of wind and solar energy contracted by corporations globally through power purchase agreements, up more than 40% from the previous year’s record. The bulk of this purchase occurred in the U.S. with tech companies and oil and gas majors leading the charge. India, however, saw a drop amid rollback of attractive policies, says a new report from BloombergNEF.

Half-cut modules from Sharp

The Japanese electronics giant has unveiled three monocrystalline half-cut cell modules said to provide 2-3% better performance than standard, full cell panels. The claimed efficiency of the modules exceeds 19.5% and Sharp says power output ranges from 330-395 W.

AEPPL to invest Rs37.15 billion in second phase of lithium battery plant

The joint venture between Japanese majors Toshiba, Denso and Suzuki will make the investment in the Gujarat plant over the 2021-25 period, having pumped Rs12.5 billion into the first phase of development.

4

Distributed storage market to grow nearly twentyfold by 2028

Market intelligence company Navigant Research has developed a country forecast of the global market. Incentives and pricing will be the main driver of installations, though the market will continue to be concentrated in certain key regions, including India, for now.

Aligning infrastructure to accelerate Asia’s energy transition – Black & Veatch interview

Integrated power infrastructure offers an emerging investment opportunity in Asia as the region expands and adapts its energy mix to address sustainability and resilience goals. Narsingh Chaudhary and Mitesh Patel, of engineering, procurement and construction business Black & Veatch, tell pv magazine more.

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Energy storage installations to grow 122-fold by 2040; India among top 3

The global installed capacity will grow from a modest 9 GW/17 GWh as of 2018 to 1,095 GW/2,850 GWh in the next two decades. Just 10 countries will account for almost 75% of the overall gigawatt market, with China, USA, India and Germany leading the pack.

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India’s renewable power generation cost the lowest in Asia Pacific

The cost of solar power generation in India has fallen to half the level seen in many other markets in the region due to extensive solar resource, market scale and competition.

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Protectionist measures working as Chinese export destinations shift

While the world’s biggest solar manufacturers are confident there are plenty of alternative markets for a rising volume of panel exports, the message spelled out by first-quarter shipment figures is that protectionism works.

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