Solar energy is dominating the global energy sector

Global Solar Energy Sector - Earth and Sun

Solar power is having an impact on other forms of clean energy The current solar energy boom could have a major impact on the world’s overarching energy industry. The International Energy Agency has released its latest World Energy Outlook report. The report suggests that by 2040, the world will need to add the equivalent of China and India’s current energy capacity in order to meet the demands of a growing global population. Solar power is the fastest growing segment of clean energy that currently exists. If this sector continues to…

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India seeks to increase wind energy capacity before the end of the year

Wind Energy in India - Wind Turbine farm

Government plans to auction 4,500 MW of wind energy capacity The Indian government is looking to fast track new wind energy projects. The government has announced plans to auction some 4,500 megawatts worth of wind projects within the next four months. This plan is part of the country’s overarching efforts to upscale its wind energy capacity. The auction will be held by the Solar Energy Corporation of India. Despite the organization’s name, it has involvement in various forms of renewable energy, particularly wind power. Auctions for new projects will be…

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Renewable energy in India gets more support from European Investment Bank

Euro - European Investment Bank Supports Renewable Energy

Bank is investing more than $900 million into India’s renewable energy market The European Investment Bank has announced that it will be providing more than $900 million to India’s renewable energy space. The bank is also partnering with the Indian Renewable Energy Development Agency and the India Infrastructure Finance Company. Through this partnership, the bank will help deploy new affordable solar energy systems. The funding will help provide more momentum to India’s growing clean energy space, which has been growing in recent years due to government support. Funding will help…

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China is the world’s most attractive renewable energy market

China Flag - Renewable Energy News

Report shows that China holds the top spot in the world’s renewable energy market China is retaining its top spot as the world’s most attractive market for renewable energy, according to a yearly report from Ernst and Young. The report shows that the country has established major momentum in the solar power space. Currently, the country stands as the world’s leading solar market, having increased its total solar capacity by 21 gigawatts of capacity within the first six months of this year. China has also significantly increased energy capacity in…

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India could beat its renewable energy goal before 2022

India Renewable Energy - Field of Sunflowers

Country is on track to surpass its renewable energy target ahead of schedule India may be on track to surpass its renewable energy goal ahead of schedule. An official from the Ministry of New & Renewable Energy recently claimed this to be the case. This is largely due to the country’s rapidly growing clean power capacity, especially where wind and solar energy are concerned. The government had set a goal of having some 175 gigawatts of operational clean power capacity in place by March of 2022. Government aims to reclassify…

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Global renewable energy consumption set to rise through 2040

Renewable Energy World

New report highlights the world’s growing consumption of electrical power The Energy Information Administration has released a new report concerning the world’s consumption of electrical power. The report predicts that global energy consumption will increase by 28% by 2040. Notably, the demand for coal is expected to decrease in the coming years. Many countries are expected to increase their reliance on renewable energy sources, such as solar and wind, in order to replace their consumption of fossil-fuels. China will see a major increase in renewable energy use The report from…

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Solar energy is suffering in India due to air pollution

Solar Energy - Air Pollution Problems

Research shows that air pollution is having an impact on solar power Rampant air pollution is beginning to have an impact on India’s ability to generate electricity from its solar energy systems. Researchers from the Indian Institute of Technology have found that a significant portion of solar power is going to waste due to air pollution. The problem is so bad that billions in investments are being undermined. The researchers found that air pollution is reducing solar energy generate by more than 25%. Some 3,900 MW of energy is being…

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India to reach 155 GW of renewable energy capacity by 2026

India Renewable Energy Goals - Green Landscape in India

Revised analysis shows that India’s clean power capacity is growing more quickly than expected India is on track to reach 155 gigawatts of renewable energy capacity by 2026, according to a revised BMI Research analysis. The country has been working to embrace clean power for several years now. Hydropower has already established a strong presence in India, but the majority of the country’s new clean energy capacity will come from non-hydropower sources. Notably, solar and wind power will play a major role in accomplishing this goal. Solar power may become…

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India installs more solar energy capacity in first half of 2017 than it did in all of 2016

India at Sunset - Solar Energy

Solar energy continues to experience dramatic growth India’s solar energy capacity is growing more quickly than expected. During the first half of this year, the country installed some 4,765 megawatts of new solar capacity. By comparison, approximately 4,313 megawatts of solar capacity was installed throughout the whole of 2016. The country has begun investing aggressively in solar energy in order to combat climate change and take advantage of emerging economic opportunities. This has led to a significant increase in India’s solar capacity. Large-scale projects account for majority of newly installed…

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Solar energy set to become one of the world’s leading forms of power

Solar Energy - Earth

Report highlights the future prospects of solar energy Solar energy is poised to play a major role in the world’s power supply in the coming years. A recent report from Bloomberg New Energy Finance predicts that both wind and solar energy will supply more electrical power to the world than other forms of energy by 2040. Solar, in particular, may experience an economic boom in the near future, largely due to its growing popularity and the falling price of photovoltaic technology. Solar and wind are becoming less expensive than coal…

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United States set to abandon the Paris Agreement

Paris Agreement - Map of Pairs

Paris Agreement may no longer be a part of the future of the United States The United States is poised to pull out of the Paris Agreement as changes to federal environmental policy seem to begin taking form. President Donald Trump has announced the government’s intent to exit the Paris Agreement despite significant opposition to the move. The agreement was approved by more than 190 countries throughout the world and was eventually ratified by 147 countries. It established a set of tools that are meant to help countries reduce greenhouse…

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India is beginning to move away from coal in favor of solar energy

India Solar Energy - Flag of India

Coal developers are struggling to adapt to the falling cost of solar energy Several of India’s coal developers are beginning to question the future of fossil-fuels in the country as the cost of solar energy continues to plummet. As costs continue to fall solar power is gaining more popularity and support. This is opening up new economic opportunities that those focused specifically on fossil-fuels may not be able to take advantage of. With solar energy now the least expensive form of power in the country, coal developers are beginning to…

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China and India are on their way to meeting their Paris Agreement goals

Climate Change - Moving Toward Meeting Paris Agreement Goals

China and India may meet their Paris Agreement goals before other countries Both China and India are well on their way to meeting the goals established by the Paris Agreement. The agreement calls upon several countries to make significant cuts to emissions production and embrace renewable energy more aggressively. Analysis from Climate Action Tracker shows that policies in both China and India are helping these countries target emissions. Both of these countries are outpacing the United States in terms of emissions reduction, partly due to shifting support of the Paris…

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Cost of solar energy is now lower than coal in India

Solar Energy - Solar Panel Near Water

Price of solar energy continues to fall in India The cost of solar energy in India has hit a record low. This form of power is now less expensive than electricity generated from fossil-fuels. Currently, the cost of solar energy is 18% lower than the electricity produced through the use of coal-fired plants. India has established itself as a very attractive market for solar energy, which has attracted numerous developers to the country. The swell of new solar projects has helped lower the cost of solar-generated electricity throughout the country.…

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India is focusing heavily on electric vehicles

Electric Vehicle - Car Being Charged

India may have a massive market for electric vehicles by 2030 India is making a major push to promote clean transportation. The country hopes to have an all-electric vehicle fleet by 2030 in order to cut down on emissions and reduce the costs associated with fuel imports. Electric vehicles are becoming more popular in India because they are somewhat less expensive than their conventional counterparts. They also provide those living in large cities with an easy and efficient means of transportation. Government may need to support electric vehicles until market…

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Wind energy reaches a new record in India

Wind Energy - Wind Turbine on hill

India has achieved a new milestone with its wind energy projects India has reached a new milestone with its wind energy production. During the 2016-2017 fiscal year, the country generated 5,400 megawatts of wind power, surpassing its goal of generating 4,000 megawatts of wind energy. Renewable energy has been experiencing healthy growth in India. The country is home to approximately 50,100 megawatts of installed clean energy capacity. More than 55% of this capacity comes from wind power projects. Despite the growth of clean power, only 16% of the country’s electricity…

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