Solar Energy Market Research News

PLI Scheme for Solar Manufacturing to Benefit Incremental Demand till FY30: Report

According to a new report India’s solar modules manufacturing under production linked incentive (PLI) scheme will benefit incremental panels demand till the financial year 2030 (FY30). Ind-Ra estimates that the allocation of INR 45 billion towards the solar modules manufacturing industry by the Ministry of New and Renewable Energy (MNRE) can benefit the sales of […]

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As RE Continues to Expand, India’s Battery Storage Market a Sleeping Giant: IEEFA

Grid integration of large-scale variable renewables will be one of India’s biggest challenges as it aspires to decarbonise its power economy through deployment of 450 gigawatts (GW) of renewable energy (RE) by 2030. Reaching this target from the current installed renewable capacity of 93 GW will require average annual renewable capacity additions of ~35 GW. […]

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US Solar Industry in 2020 saw Jobs Decline by 6.7% From 2019: Report

The US solar industry employed 231,474 workers in 2020, a 6.7% drop in jobs from 2019 due to pandemic restrictions and increased labor productivity The U.S. solar industry employed 231,474 workers in 2020, a 6.7 percent drop from 2019 due to pandemic restrictions and increased labor productivity, according to the National Solar Jobs Census 2020 released by […]

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Improving Economic Opportunities in Cities can Build Sustainable Futures: ADB

A new book released by the Asian Development Bank (ADB) has stated that improving the quality of life, and social and economic opportunities in Asia’s fast-growing cities are instrumental in fulfilling their potential as engines of economic prosperity and hubs for sustainability. ‘Creating Livable Asian Cities’ examines the region’s urbanization challenges and presents solutions across […]

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PLI Scheme for Manufacturing of High Efficiency PV Modules a Positive for Domestic OEMs: ICRA

The Ministry of New & Renewable Energy (MNRE) has notified the guidelines for the Production- Linked Incentive (PLI) scheme to promote the domestic manufacturing of high-efficiency solar modules and thereby reduce dependence on imports in the solar power sector. The scheme has been approved with a financial outlay of Rs. 4500-crore over a period of […]

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Investments Worth $810 Billion Expected in the Offshore Wind Sector This Decade

The combined capital and operational expenditure in the offshore wind sector for the decade is set to add up to a massive USD 810 billion A new report by Rystad Energy has predicted that the offshore wind industry’s global installed capacity will exceed 250 gigawatts (GW) by 2030, driven by a surge in coming projects. […]

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3.3 Million new Jobs in Wind Energy Sector by 2025: GWEC

A new analysis by GWEC has detailed that 3.3 million new wind power jobs can be created globally over the next five years. A new analysis by the Global Wind Energy Council (GWEC) has detailed that 3.3 million new wind power jobs can be created globally over the next five years thanks to major industry […]

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Clean Hydrogen Production Costs to be Brought Well Below USD 2/kg by 2030: ETC

In its parallel report, the ETC states that the production costs for clean hydrogen can be brought well below USD 2/kg by 2030. In its parallel report Making the Hydrogen Economy Possible: Accelerating clean hydrogen in an electrified economy, the ETC sets out the complementary role for clean hydrogen and how a combination of private-sector […]

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Pace of Renewables Deployment Must Grow by 5-7 Times by 2030: ETC

The Energy Transitions Commission (ETC) has released a new report analysing the feasibility of achieving a net-zero greenhouse gas emissions (GHG) economy by 2050 and the actions required in the next decade to put this target within reach. The report Making Clean Electrification Possible: 30 years to electrify the global economy sets out why it is […]

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