Clean energy market monitor: March 2024
Clean energy is growing rapidly, as annual deployment of a number of key technologies has surged ahead in recent years driven by policy support and continued cost declines. Their growth is starting to
Clean energy is growing rapidly, as annual deployment of a number of key technologies has surged ahead in recent years driven by policy support and continued cost declines. Their growth is starting to
Rahimafrooz Renewable Energy Ltd is set to assemble solar panels to grab the domestic market for solar home systems that are on an upward curve on the back of the government policy support to help off-grid people get electricity.
Technology to capture carbon emissions from coal-fired power plants and store them underground will be ready by 2015 and could be in wide use in the United States by 2020, according to the top executive at American Electric Power Co Inc.
Green is in as Indian corporates race to compete for a share of the fast-growing Rs 35,250-crore global market for climate-friendly technology and carbon credits
India generates 13,878.58 MW grid-interactive power from renewable sources like from wind, small hydro, solar, biogas co-generation and biomass. It amounts to 9% of the total installed generation capacity. It has been enabled by the provision of government incentives like capital and interest subsidy, accelerated depreciation and concessional excise and customs duties.
The United States may become the largest market for renewable energy for E.ON, the world's largest utility by sales, within six years, the head of the company's green energy unit told Reuters in an interview.
Global investment in clean energy and climate-friendly technologies leapt in the last three months but full-year levels won't recover until 2010 or 2011, analysts said on Wednesday. Falling energy demand and more expensive debt have hurt large renewable projects for example in wind and solar power. Recession has cut risk appetite, curbing funding for clean technology start-ups.
The dramatic growth in wind turbines around the British Isles may lead to huge spikes in power prices by 2030 and threaten the viability of backup plants needed for calm periods, according to Poyry Energy Consulting.
- A project linking solar power from the Sahara to energy users in Europe and North Africa could create 240,000 German jobs and generate 2 trillion euros ($2,822 billion) worth of power by 2050, a study published on Thursday found.
The findings of a strategic environmental assessment open the way for an increase in the number of offshore wind farms, which could produce enough energy to power every household in the UK.
By KEITH BRADSHER DUNHUANG, China