Research from the National University of Singapore indicates that Singapore could reach its 2 GW solar installation target by 2028, ahead of its 2030 deadline. The study suggests that the government could increase its long-term solar goals by adopting policies that promote better area utilization, subsidies, and advancements in panel efficiency.
If India is to lead the global green energy revolution, the nation needs to take several key measures such as redirecting financial support from traditional energy sources to clean energy technologies, introduction of a well-structured carbon pricing mechanism, and incentivizing emerging technologies.
Italian startup Hybitat Srl has developed a hydrogen production and storage system for long-term storage of surplus residential and commercial solar power. The system includes a main unit with an electrolyzer and fuel cell, as well as a storage unit with 3 kg of hydrogen capacity and 100 kWh of energy capacity.
India’s climate policies on power, transport and residential sectors, such as scaling renewables to advancing energy efficiency and electric mobility, have already mitigated 440 million tonnes of carbon dioxide (MtCO2) between 2015 and 2020, and are on track to save 3,950 MtCO2 emissions between 2020 and 2030. However, achieving net-zero by 2070 needs bolder action.
India installed about 17.4 GW of solar capacity from January to September 2024. This included about 13.2 GW from utility-scale PV installations, 3.2 GW rooftop projects and 1 GW offgrid/distributed PV capacity.
The U.S. Department of Energy’s latest solar cost model shows that residential solar prices are up, commercial solar is getting cheaper and utility-scale pricing remains flat. The addition of batteries increases costs by $1.75/W for residential projects and $0.75/W for larger installations.
Waaree Renewable Technologies, the solar EPC arm of Waaree Group, has reported a revenue of INR 524.47 crore and net profit (profit after tax) of INR 53.52 crore for the second quarter ended on Sept. 30, 2024 (Q2 FY 2025).
India installed 12.8 GW of new solar capacity in the Jan-June period of 2024. This included 11.7 GW from large-scale solar projects (including 3.7 GW of off-site C&I projects) and more than 1.1 GW rooftop PV.
A new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) recommends lower incremental green tariffs, dedicated infrastructure funds, green budgeting, scaling up distributed renewable energy and advancing grid modernisation and energy storage to cement Gujarat and Rajasthan’s leadership in renewable energy deployment.
The seventh session of the International Solar Alliance (ISA) Assembly has elected India as President and France as co-president for a period of two years from 2024 to 2026.
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