Research

Residential Costs Stayed Flat from 2020 to 2022 & then Declined in 2023: NREL

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The National Renewable Energy Laboratory (NREL) has released its annual report on ‘U.S. Solar Photovoltaic System and Energy Storage Cost Benchmarks.’ The report tracks the solar cost trends to support the U.S. Department of Energy Solar Energy Technologies Office. It aims to accelerate the advancement and deployment of solar technology and gives an account of […]

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Bids For Standalone Wind In Tranche XIV In June 2023 Awarded Between INR 3.18-3.24 Per kWh: GWEC

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The India’s Wind Energy Market Outlook 2023-2027 released by the Global Wind Energy Council, says that by the end of 2022, total renewable energy installed in India stood at 121 GW of total installations with wind contributing 35% of this, making India the fourth-largest wind market in the world, in terms of cumulative installed capacity. […]

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Solar Accounted For 60% Of New Generation Capacity In Last 5 Years: IEA

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The International Energy Agency (IEA) report titled “World Energy Outlook”, shares an update on India’s initiative to build energy security and reduce greenhouse gas emissions. The report states that recent events, such as rising heatwaves and other extreme weather events, have not caused a significant increase in greenhouse gas emissions. It further adds that it […]

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European Green Deal Law Aided In Increased RE Deployment: Report

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The European Union (EU) shared a report titled ‘The State of the Energy Union’ 2023, by the European Commission. The report looks back on the EU response to the unprecedented energy crisis of the past two years. It assesses the state of play with the green transition at the national and global levels. It further […]

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Flexible Energy Solution Key Towards Decarbonization: EEA

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The European Environment Agency (EEA) recently published a report titled ‘Flexibility Solutions for Decarbonization: Securing the EU Electricity System.’ This report highlights a significant surge in renewable energy capacity, specifically in solar and wind energy, which is expected to increase from 24% to 60% of the total renewable energy capacity. The report indicates that this development will […]

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India and US Are Major Drivers Of Utility-Scale Solar Power: ISA

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The International Solar Alliance (ISA) recently released a report titled ‘World Solar Market Report’. It talks about the overall global scenario in the solar energy sector. The report placed India as one of the new undisputed leaders in global solar energy deployment. The report mentions that the global solar PV deployment had been  primarily driven […]

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Regional Cooperation Key To Increase In Investment In West Asia: IRENA

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The latest report by the International Renewable Energy Agency (IRENA) on ‘Scaling up Renewable Energy Investment in West Africa’ states that the Nigeria contributed to three-quarters of the energy supply in West Africa. It also houses nearly half of its people, allowing this country to dominate the region demographically and economically. For supporting renewable energy investments […]

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At Least 3000 GW of Renewable Power Projects in Grid Connection Queues: IEA

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The International Energy Agency (IEA) has released a report on, ‘Electricity Grids and Secure Energy Transitions Enhancing to Support the Foundations for Building Resilient, Sustainable and Affordable Power Systems’. The report emphasises that the grid’s risk is becoming a weak link of clean energy transitions.  The report suggests that a link between delays in grid […]

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RMI Predicts Increase In EV Car Sales By 10% In Six Years

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The RMI report suggests a significant shift away from the internal combustion engine (ICE) era is well underway. This transformation is closely associated with the rapid growth of Electric Vehicles (EVs), with a forecast indicating a declining global demand for oil in the automotive sector by 2030. In its report titled “X Car Charge: The […]

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