Nearly half the world’s electricity will come from renewable energy by 2050 as costs of wind, solar and battery storage continue to plummet. That titanic shift over the next three decades will come as electricity demand increases 62 per cent and investors pump $13.3 trillion into new projects
Indian wind turbine maker Inox Wind Ltd (BOM:539083) will launch at home a 3-MW turbine especially suitable for low wind regimes as a result of an exclusive agreement with US energy-tech company AMSC (NASDAQ:AMSC).
The government will not accept any unreasonable bids for renewables like solar and wind and continue to conduct auctions via reverse bidding as it is transparent, Union Minister R K Singh said Tuesday.
Leading wind turbine maker Suzlon Energy Ltd is planning to re-enter the international markets, chief executive J.P. Chalasani has said.
Wind and solar power are set to surge to account for almost 50 per cent of world generation by 2050
France installed 246 megawatts (MW) of solar generation capacity in first three months of 2018, compared with 86 MW in the first quarter of 2017, the energy ministry reported on Friday.
Wind and solar energy in India are now outpacing fossil fuels as investment opportunities providing on average 12 per cent higher annual returns, 20 per cent lower annual volatility and 61 per cent higher risk-adjusted returns than coal and natural gas, reports said on Friday.
The bald tops of the Western Ghats are a pristine ecosystem replete with innumerable animal species and, apparently, an abundance of wind and windmills.
The spectacular falls in the cost of wind and solar energy continued in 2017, dropping another 18 per cent across the globe, according to the latest report from Bloomberg New Energy Finance.
European spot electricity contracts for day-ahead delivery slipped on Monday on the back of forecasts for an increase in electricity production from renewable wind turbines.