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India’s Energy Transformation from Fossil Fuel to Renewables is Gaining Rapid Momentum: Experts

“Measures taken by the Indian government to improve energy efficiency coupled with ambitious renewable energy targets and the plummeting cost of solar has had an impact on existing as well as proposed coal fired power plants, rendering an increasing number as financially unviable,” India’s decision to cancel nearly 14 gigawatts of coal-fired power stations coupled […]

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Renewable Energy Employs 9.8 Million People Worldwide: IRENA

“Falling costs and enabling policies have steadily driven up investment and employment in renewable energy worldwide since IRENA’s first annual assessment in 2012, when just over seven million people were working in the sector.” According to a new report from the International Renewable Energy Agency (IRENA) more than 9.8 million people were employed in the […]

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President Mukherjee inaugurates integrated bio-solar-wind Microgrid centre at IIEST, Shibpur

“The integrated Bio-Solar-Wind micro-grid centre of IIEST is one cog in the wheel of sustainable development. We must ensure that electricity is available for ordinary people and potable water is provided for consumption of both humans and animals.” The President of India, Pranab Mukherjee inaugurated a Bio-Solar-Wind Microgrid Centre and Centre for Water and Environment […]

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8minutenergy Expands Into Energy Storage Market With 1 Gigawatt Project Pipeline

8minutenergy is working with industry-leading manufacturers to offer energy storage solutions featuring lithium-ion and flow batteries, flywheels, and other storage mediums 8minutenergy Renewables has announced that it has expanded into the energy storage market with a 1 gigawatt (GW) project pipeline. The company is focused on standalone storage and hybrid (solar PV + storage) systems, […]

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Global Solar Investment to be higher than Coal, Gas and Nuclear Combined in 2017: Frost & Sullivan

Lower project costs and continued regulatory support for renewable energy in key markets will see global renewable power investment reach $243.1 billion in 2017, with solar photovoltaic (PV) the fastest growing segment, followed by wind power – by 2020 non-hydro renewables will account for 65% of global power investment Frost & Sullivan forecasts the global solar investment to […]

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Ripple effect of India’s energy shift visible globally

The Indian government’s striking policy shift towards renewable energy sources — away from more expensive and polluting fossil fuels — is a strong global endorsement of the country’s leadership,” Tim Buckley, Director at the Cleaveland-based Institute for Energy Economics and Financial Analysis (IEEFA) said India’s solar tariffs have fallen 40 per cent in just 16 […]

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Global Solar PV Installations Expected to Reach 429 GW by 2026: Navigant Research

Navigant predicts that the distributed solar PV market will add 429.1 GW worth of new capacity between 2017 and 2026, and generate revenue of around $528.9 billion. According to new figures from Navigant, the global installed capacity of distributed solar PV between 2017 and 2026 is expected to reach 429 GW, while an additional 591 […]

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