Investments in the Indian Solar Sector Grow 154% YoY in Q1 2022

Investments in the Indian Solar Sector Grow 154% YoY in Q1 2022

Investments in the large-scale solar segment in the first quarter (Q1) of the calendar year (CY) 2022 were up by 154% compared to the same period last year. However, the ...
Wind Can Pump $18 billion Gross Value into India's Economy Report

Wind Can Pump $18 Billion Gross Value into India’s Economy: Report

In its recently published report, the Global Wind Energy Council (GWEC) finds that India could save an extra 229 million metric tons of CO2 emissions over the lifetime of a ...
/ / Wind
Priority Sector Lending Can Help Unlock EV Financing of ₹3.7 trillion by 2030 NITI Aayog

Priority Sector Lending Can Help Unlock EV Financing of ₹3.7 Trillion by 2030: NITI Aayog

NITI Aayog, in its recent report, ‘Banking on Electric Vehicles in India,’ proposed the inclusion of electric vehicles (EVs) in Reserve Bank of India’s (RBI) priority-sector lending (PSL) guidelines to ...
/ / Electric Vehicles, Grid
India Ranked 10 in the Climate Change Performance Index 2022 Report

India Ranked 10 in the Climate Change Performance Index 2022 Report

India maintained its 10th rank and continued to be among the top-performing countries within the Group of 20 in the Climate Change Performance Index (CCPI) 2022 report. Published annually since ...
/ / Other, Renewable Energy
Governments Worldwide Pledge $470 Billion for Clean Energy Measures IEA Report

Governments Worldwide Pledge $470 Billion for Clean Energy Measures: IEA Report

The International Energy Agency (IEA) has said governments worldwide had earmarked $470 billion as of October 2021 to clean energy measures as part of their economic response to the Covid-19 ...
/ / Finance and M&A, Other
Potential of Solar PV and Hybrids to Provide Ancillary Services: IEA Report

Potential of Solar PV and Hybrids to Provide Ancillary Services: IEA Report

Photovoltaic (PV) systems and hybrids need to take over more system responsibility by providing ancillary services since PV penetration is continuously growing, the International Energy Agency (IEA) has said in ...
/ / Markets & Policy, Solar
Renewables To Be the Primary Source for New Electricity Generation In 2050

Renewables to Be the Primary Source for New Electricity Generation in 2050

The U.S. Energy Information Administration’s (EIA) latest International Energy Outlook 2021 report suggests that if current policy and technology trends continue, global energy consumption and energy-related carbon dioxide emissions will ...
/ / Other, Renewable Energy
Off-Grid Solar Could Create 570,000 Jobs in Sub-Saharan Africa by 2022 Report

Off-Grid Solar Could Create 570,000 Jobs in Sub-Saharan Africa by 2022: Report

The off-grid solar value chain can create up to 570,000 jobs in Sub-Saharan Africa by 2022, excluding manufacturing, the UCL Engineering for International Development Centre has said in a recent report. Despite ...
/ / Markets & Policy, Solar
US Installs 345 MW of New Energy Storage Systems in Q2 2021 Report

US Installs 345 MW of New Energy Storage Systems in Q2 2021: Report

According to Wood Mackenzie’s latest report, the United States installed 345 MW of new energy storage systems in the second quarter (Q2) of 2021 – a year-over-year (YoY) increase of ...
/ / Energy Storage, Market & Policy
New Coal Plants to Exhaust ₹2.47 Trillion, Investing in Renewables Can Save ₹432 Billion

New Coal Plants to Exhaust ₹2.47 Trillion, Investing in Renewables Can Save ₹432 Billion

According to the latest report published by the energy think tank Ember and Climate Risk Horizons, 27 GW of proposed new coal power plants in India could deplete scarce public ...
/ / Other, Renewable Energy
Solar Projects With ₹7.01/kWh Tariff Face Higher Curtailment in Tamil Nadu: POSOCO

Solar Projects With ₹7.01/kWh Tariff Face Higher Curtailment in Tamil Nadu: POSOCO

Power System Operation Corporation Limited (POSOCO) has submitted a report on renewable energy curtailment in Tamil Nadu following the Appellate Tribunal For Electricity's (APTEL) orders. The tribunal had ordered POSOCO ...
/ / Markets & Policy, Solar
Solar Energy Would Double the Demand for Base Metals by 2040 Report

Solar Energy Would Double the Demand for Base Metals by 2040: Report

Solar energy will significantly impact demand for aluminum, copper, and zinc as the usage of all three materials is set to double by 2040, Wood Mackenzie said in a recent ...
/ / Markets & Policy, Solar
Cost of Large-Scale, Rooftop Solar Systems Rise Slightly in Q4 2020

Cost of Large-Scale, Rooftop Solar Systems Rise Slightly in Q4 2020

The average cost of large-scale solar projects stood at about ₹35.3 million (~$488,255)/MW as of the fourth quarter of 2020 (Q4 2020), according to Mercom's recently released 2020 Q4 & Annual ...
Open Access Solar Installations Increased by 56% in 2020 Despite Challenges

Open Access Solar Installations Increased by 56% in 2020 Despite Challenges

The total installed capacity in the open access (OA) market as of December 2020 stood at almost 4 GW, with a project development pipeline of over 1 GW, according to ...
Investing in Climate Adaptation Would be a Sound Economic Decision_ UN Report

Investing in Climate Adaptation Would be a Sound Economic Decision: UN Report

The UN Environment Programme (UNEP) has released a report that says nations must boost their efforts to adapt to the changing climate scenario to avoid dire consequences in the future ...
/ / Other, Other Energy
Corporate Funding for Battery Energy Storage Companies Was Up 136% at $6.6 Billion in 2020

Corporate Funding for Battery Energy Storage Companies Was Up 136% at $6.6 Billion in 2020

Total corporate funding (including venture capital funding, public market, and debt financing) for the battery storage, smart grid, and energy efficiency sectors in 2020 was up 112% at $8.1 billion ...
World Bank Floats EoI for Off-Grid Solar Energy Access Report

World Bank Floats EoI for Off-Grid Solar Energy Access Report

The World Bank has issued expression of interest (EoI) documents seeking consultants for an assignment to chart out an investment roadmap for sub-Saharan African countries to help them achieve universal ...
/ / Off-grid, Solar
Building-Integrated Solar PV Has Environmental, Aesthetic, Marketing Value_ Report

Building-Integrated Solar PV Has Environmental, Aesthetic, Marketing Value: Report

The Australian PV Institute (APVI) has published a report discussing the benefits of solar photovoltaic (PV) systems integrated into buildings and has proposed business models outlining their value to different ...
/ / Solar, Technology
Solar Installations in India Picked Up Speed With 438 MW Added in Q3 2020

Solar Installations in India Picked Up Speed With 438 MW Added in Q3 2020

India added 438 MW of solar in the third quarter of 2020 (Q3 2020), a 114% rise over last quarter's 205 MW, according to Mercom India Research's newly released Q3 2020 ...
China Likely to Add 34-38 GW of Solar Capacity in 2020 AECEA

China Likely to Add 34-38 GW of Solar Capacity in 2020: AECEA

China to add between 34-38 GW of solar capacity in 2020. This is an increase from its previous forecast of 28 GW to 34 GW of installations and would represent a 13% ...
Here are the Top Global Large-Scale Solar Developers in the World

Here are the Top Global Large-Scale Solar Developers in the World

Mercom Capital Group has released a new report revealing the top 10 global large-scale solar PV developers. Adani Green Energy was the top solar photovoltaics (PV) developer in the world ...
India Installs Just 205 MW of Solar Capacity in Q2 2020

India Installs Just 205 MW of Solar Capacity in Q2 2020

India added only 205 MW of solar capacity in the second quarter of 2020 (Q2 2020), an 81% decline from the previous quarter's 1,090 MW of additions. The findings were ...
Corporate Funding for Solar Slid Globally in 1H 2020 But, It Could Have Been Worse

Corporate Funding for Solar Slid Globally in 1H 2020 But, It Could Have Been Worse

Total corporate funding – including venture capital (VC) funding, public market, and debt financing – dipped 25% to $4.5 billion (~₹336.09 billion) in the first half of 2020 (1H 2020) ...
Renewable Energy Generation More Resilient to COVID-19 Challenges than Others_ Report

Renewable Energy Generation More Resilient to COVID-19 Challenges than Others: Report

The International Energy Agency (IEA) has said that global renewable installations might fall for the first time in 20 years due to the ongoing coronavirus crisis. Still, it can pick ...
India is Making Consistent & Measurable Progress In Energy Transition Since 6 Years_ WEF

India is Making Consistent & Measurable Progress in Energy Transition Since 6 Years: WEF

The World Economic Forum (WEF) has released its Energy Transition Index (ETI) report for 2020, which sheds light on the energy system performance and clean energy transition readiness of 115 ...