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According to the Raptor Maps’ Global Solar Report, the amount of power loss due to equipment anomalies has nearly doubled from 1.61% in 2019 to 3.13% in 2022. This trend is expected to continue, with anomaly-driven power loss potentially growing to almost 6% by 2025.
India and Japan have initiated a partnership under the Asia Energy Transition Initiative (AETI) to support India’s clean energy transition. India has set an ambitious target of achieving net-zero by 2070, while Japan aims to achieve the same by 2050.
Solar power has come a long way in the past decade, moving from being an also-ran to one of the major players in the global energy race. According to the International Energy Agency, next year, solar photovoltaic capacity will surpass hydropower, followed by gas-fired generation in three years and coal in four years.
The European Investment Bank (EIB), the bank of the European Union, has joined forces with the India Hydrogen Alliance (IH2A) to increase support for the development of green hydrogen projects across India.
The first meeting of the G20 Energy Transitions Working Group was held in Bengaluru, India, and was a success, with participants sharing a consensus on the priority areas of energy security and diversified supply chains.
Delhi, the capital city of India, is moving towards a greener future with an ambitious plan to generate an additional 6,000 MW of electricity using renewable energy sources.
The solar energy industry is on the rise, as the demand for clean and renewable energy sources continues to increase. 2023 is shaping up to be a big year for the solar energy sector, as new technologies and innovations are expected to drive growth and expand the reach of solar energy.
Solar energy can greatly benefit industrial and factory owners as they require a constant and substantial source of electricity 24/7.
Solar energy systems are becoming increasingly popular in homes and businesses around the world. With rising electricity costs, solar energy provides an attractive alternative to traditional energy sources.
