Harnessing solar power will become cheaper by at least 60 percent over the next decade, Adnan Amin, the head of the Abu-Dhabi based-International Renewable Energy Agency, Irena, said.
The world’s biggest scientific experiment is on course to become the most expensive source of surplus power.
Renewable Energy Integration With Smart Grid Market Size Estimated To Observe Significant Growth During 2016 – 2023
Network of sub stations, transformers and electrical transmission lines constitutes a conventional electric grid which delivery electricity to domestic and industrial needs.
Despite the low prices and abundance of renewable energy sources, solar power still accounts for just 1.6% of the power generated in India.
The Australian government has rejected a plan to generate 42 per cent of its energy from renewable sources and will instead pursue cheaper and more reliable power.
Solar sector attracted corporate funding worth USD 2.4 billion in the third quarter of 2017, lower than the fund flows registered in the year-ago period, says a report.
Envisioned as a global event where strategies for development and deployment of renewable energy will be deliberated upon, RE-INVEST 2017 is likely to be inaugurated by the Prime Minister of India, Narendra Modi.
India’s renewable energy capacity will be more than double by 2022, according to the latest renewables market analysis and forecast report by the International Energy Agency (IEA).
President Ram Nath Kovind on Wednesday held delegation-level talks with his Djiboutian counterpart Omar Guelleh and discussed maritime cooperation and renewable energy among other issues.
As world energy markets transform at an unprecedented rate, India is at the forefront of the shift towards profitable renewables given that the country’s solar belt has the potential of 749 GW for power generation.