Solar Energy Market Research News

Electricity Demand to Rise 62%; Generation Capacity to Triple by 2050

As a result, an aggregate investment of about USD 13.3 trillion is expected to be attracted in the sector, including USD 4.2 trillion in solar and USD 5.3 trillion in wind energy. The world’s power generation capacity is likely to triple between 2018 and 2050, as the demand for electricity may grew by 62 per […]

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US Solar Market Witnesses Best 1st Quarter in History

In the first 3 months of the year, the U.S. installed 2.7 GW of solar PV, making it the most solar capacity ever installed in the first quarter of a year. According to a new report, in the first three months of the year, the U.S. installed 2.7 GW of solar photovoltaics (PV), making it […]

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Climate Financing By MDB’s Hit Record High of $43.1 Bn in 2018

A new report has revealed that climate financing by the world’s largest MDBs in developing economies rose to an all-time high of $43.1 billion in 2018 A new report has revealed that the climate financing by the world’s largest multilateral development banks (MDBs) in developing countries and emerging economies rose to an all-time high of […]

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Solar PV Jobs in India Surge; Top Markets See Slump: IRENA

Despite slower growth in key renewable energy markets including China, jobs in renewables grew to their highest level on the back of many more countries adopted manufacturing, trading and installation of renewable energy technologies. The employment in solar photovoltaic (PV) industry witnessed a surge in India, Southeast Asia and Brazil in 2018, whereas major markets […]

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Global Action Needed to Scale Up Hydrogen For a Clean & Secure Energy Future

The world has an important opportunity to tap into the vast potential of hydrogen to become a critical part of a more sustainable and secure energy future, the International Energy Agency (IEA) has revealed in a major new report. The in-depth study, which analyses hydrogen’s current state of play and offers guidance on its future […]

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Investors Paid the Price For GE Misjudging the Potential of Renewables

Investors in GE lost billions due to the company misjudging the pace of the global energy transition towards renewable energy According to a new report, investors in, once the most valuable company in the world, General Electric (GE) lost billions due to the company misjudging the pace of the global energy transition towards renewables. The […]

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US Energy Storage Market Records Highest Deployment in a Single Quarter

Wood Mackenzie expects US energy storage deployments in 2019 will be double those seen in 2018. The United States non-residential storage market had its strongest quarter ever in Q1 2019, according to the new U.S. Energy Storage Monitor from Wood Mackenzie Power & Renewables and the Energy Storage Association (ESA). Q1 2019 was also the second strongest […]

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2018 a Record Breaking Year For Wind Turbine Manufacturers in Africa: Report

2018 was a record-breaking year for wind turbine manufacturers in Africa, boosted by strong demand and supply in South Africa. 2018 was a record-breaking year for wind turbine manufacturers in Africa. The South African government signed long-pending PPAs in April 2018, which helped independent power producers (IPPs) to announce final investment decisions (FID), according to […]

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Unplanned Wind Turbine Repairs to Run Developers More than $8 Bn in 2019

Global onshore wind O&M costs will be $15 billion in 2019, of which $8.5 billion will be for unplanned repairs due to component failures, according to new research. Global onshore wind operation and maintenance (O&M) costs will reach nearly $15 billion in 2019. Of that number, 57% or $8.5 billion will be spent on unplanned […]

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