Unprecedented Growth in Renewable Energy: Global Capacity to Surpass 440 GW in 2023
Global renewable energy capacity additions are set to reach an all-time high of 440 GW in 2023. This growth is being driven by a number of factors, including expanding policy support, concerns over energy security, and the improved competitiveness of renewable energy compared to fossil fuel alternatives.
India’s Solar Capacity Growth Slows Down in Q1 2023
According to the recently released Q1 2023 India Solar Market Update, India witnessed a decrease in solar capacity growth during the first quarter of the calendar year. The country added 1.9 GW of solar capacity during this period, marking a 30% decline compared to the 2.7 GW installed in the previous quarter of 2022.
AVANCIS Breaks 20% Efficiency Barrier for CIGS Thin-Film Modules
A team of researchers from AVANCIS, a solar module manufacturer in Munich, Germany, has broken the 20% efficiency barrier for CIGS thin-film modules measuring 30 cm x 30 cm. The previous record, also set by AVANCIS, was 19.8%. The new efficiency of 20.3% was independently certified by the National Renewable Energy Lab.
Module Shortage and Policy Challenges Slow Down India’s Utility-Scale Solar Projects
The International Energy Agency (IEA) has predicted a slowdown in utility-scale solar projects in India for 2023 and 2024 due to a shortage of solar modules, reduced auction volumes, and challenges in the supply chain.
Q1 2023 Sees Significant Decline in Indian Solar Investments, Mercom India Research Reveals
The International Institute for Sustainable Development (IISD) recently published a report outlining different business models that can help India overcome the challenges of implementing agrivoltaics, a practice where solar panels are installed on agricultural land.
Driving Growth in Renewable Energy: The Role of Agrivoltaics in India
The International Institute for Sustainable Development (IISD) recently published a report outlining different business models that can help India overcome the challenges of implementing agrivoltaics, a practice where solar panels are installed on agricultural land.
Ministry of New and Renewable Energy Updates Approved List of Solar Module Manufacturers
The Ministry of New and Renewable Energy (MNRE) has made updates to the Approved List of Models and Manufacturers (ALMM) by adding five new entrants. These manufacturers, namely SAEL, Rhine Solar, Spark Solar, Genus Innovation, and Fujiyama Power Systems, have a combined module manufacturing capacity of 343 MW.
China’s Solar Industry Poised for Continued Growth in 2023 and Beyond
China’s solar exports surged by 64% to $52 billion in 2022, despite global trade tensions. The country’s low-cost supply and technological expertise were key factors in this growth.
Researchers Propose New Way to Make Nuclear Power Plants Safer
Researchers from the Indian Institute of Technology have proposed a new way to make nuclear power plants safer. They suggest using offshore wind farms to provide backup power in case of a seismic event.
Scientists Develop Perovskite-Silicon Tandem Solar Cell with Record 33.2% Efficiency
Scientists at the King Abdullah University of Science and Technology (KAUST) claimed to have created a perovskite-silicon tandem solar cell with a record energy conversion efficiency of 33.2%.