Markets & Policy

India is likely to add between 8-8.5 GW of renewable energy generation capacity in the current financial year ending March 2019, according to research and rating agency ICRA Limited.

The tipping point, where the world shifts from oil and gas to renewables, will be the year 2035, says Wood Mackenzie. This is when renewables and electric-based technologies converge, with around 20% of global power needs being met by solar or wind, and roughly 20% of miles traveled by cars, trucks, buses and bikes using electricity. Will the transition come soon enough, however?

Solar PV and wind energy are now evolving from established to the preferred energy sources, according to a recent Deloitte study analyzing the global renewable energy market.

Polish research institute IEO released a new analysis showing increasing power prices in the Eastern European country, due to the current energy policy, which still strongly relies on coal power. Replacing coal with solar power, it argues, would likely result in decreasing power prices.

Jamaica is currently targeting a 30% share of renewables in its energy mix by 2030. However, the nation’s prime minister says, “We can do better.”

An investigation by mainland China regulators has found that subsidy payment delays in the northwest region of Ningxia are putting PV projects at risk of bankruptcy.

The CIS thin film solar module maker was taken over, together with its parent company Japan’s oil and gas group, Showa Shell Sekiyu, by Japanese oil refiner Idemitsu.

An analysis of the World Wildlife Fund (WWF) assumes that a maximum of 2.5% of Germany’s land is needed for the energy transition. With a higher share of solar in the electricity mix, however, this percentage would be lowered to 2%. The study also says that the expansion of renewables will not endager nature protection.

The Munich-based company will receive up to €2 million for a large-scale storage facility in southern Germany. The system will consist of 52 lithium-ion car batteries –which are also used in the BMW i3 – and will be coupled with a wind farm.

Rumors of a u-turn on energy policy in the White House have been substantiated by pv magazine’s enquiries, although the respite for renewables may prove temporary, thanks to another fossil fuel-friendly nomination by President Trump.