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
India’s ambition to achieve 500 GW of non-fossil fuel-based capacity by 2030 is steering the nation towards innovative solutions in renewable energy. With solar and wind power at the forefront, the variability
Many emerging and developing economies are missing out on the wave of global clean energy investment as the high cost of capital for new projects is deterring developers and stifling opportunities in the
The recent amendment issued on 2nd February 2024, the Ministry of Power has deleted the provision related to debarring RE Generators in cases of delays in the commencement of power supply. The Guidelines
The Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar PV Power Projects have been notified vide Resolution No. 27/03/2023-RCM published in the
The Ministry of External Affairs (MEA) notified rules for leasing the sea bed for offshore wind power projects with the lease being valid for 3 years for resource measurement, which can be further extended
The Ministry of New and Renewable Energy had issued ‘Policy for repowering of the Wind Power Projects’ on 5th August 2016 in order to create a facilitative framework for repowering. A review of the policy
Bottlenecks in the global wind industry supply chain could leave the world with only three-quarters of the wind energy installations needed for a 1.5°C pathway by 2030, i.e. a 650 GW gap to meet climate
Actions by governments in the Group of Seven (G7) can play a vital role in advancing inclusive, secure and sustainable energy transitions worldwide and addressing the climate crisis. In 2023, the International
This report presents a detailed methodology for determining the amount of wind and solar capacity that is required for a country to align with the Paris Agreement’s 1.5°C temperature goal. While the focus
New figures clarify the workforce challenge facing the global wind industry with nearly 600,000 technicians needed during the next five years – with more than 240,000 of these roles new recruits to the
The Status of Wind in Africa report, which provides a stocktake of the wind industry in Africa and delivers a forecast of the continent’s wind energy pipeline. The Status Report provides the foundation
This study highlights the urgent need for India to rapidly scale up its solar energy capacity to achieve its renewable energy targets. This finding emphasizes the critical role solar power plays in India’s
<p>Worldwide employment in renewable energy reached 13.7 million in 2022, an increase of one million since 2021 and up from a total of 7.3 million in 2012, according to this new report by the International Renewable Energy Agency (IRENA) and the International Labour Organization (ILO).</p>
Government of India notified National Offshore Wind Energy Policy-2015 on 6 October 2015 for the development of offshore wind power in the country. The policy provides framework for offshore wind power
This brief from IRENA's Collaborative Framework on Ocean Energy and Offshore Renewables presents actionable solutions to address permitting bottlenecks and accelerate related processes for scaling up offshore
The Tamil Nadu Electricity Regulatory Commission (TNERC) has introduced a draft regulation to revise the deviation settlement policy concerning solar and wind power producers. The new draft regulation,
This report analyses changes in global electricity generation from January to June 2023, compared to the same period last year, to measure the progress of the global clean energy transition. The report
The global offshore wind industry delivered its second best year for new capacity ever in 2022, with 8.8 GW of new clean energy connected to the grid around the world, according to the new Global Offshore
<p>India will add 22 gigawatt (GW) of wind energy capacity in India over the next five years, at the current pace of growth, according to this report published by the Global Wind Energy Council (GWEC) and MEC Intelligence (MEC+).</p>