The global consumption of electricity is expected to grow 48% by 2040, as per the EIA. In order to meet this demand and simultaneously address the global challenges of clean energy, climate change and sustainable growth, there is an urgent need for economically effective renewable energy technologies. The cost-competitiveness of renewable power has increased and this was witnessed through...

The growth of renewable energy over the past decade has surpassed all expectations. Globally, installed capacities and production from renewable technology have increased substantially during the last few years. The capacity additions have been supported by policy initiatives from the governments in different regions of the world. However, it is majorly the growth in the generation of solar...

Overview of the overall renewable energy market Analysis of increasing investment and capacity addition for solar energy Road ahead for the renewable energy   The global renewable energy market is currently valued at $1,469 billion (as of 2017) and is projected to reach $2,153 billion by 2025, registering a CAGR of 4.9% from 2017 to 2025. The main reasons for the...

Global consumption of electricity continues to rise backed by enhanced economic growth Increasing focus on renewable power generating sources with solar among the top Lower input costs, technological advancements and government policies driving solar power capacity   The power sector has been a major pillar of the world economy along with other segments. The...

The most competitive power generation technology and what lies ahead? Will the recent support from the majority of EU members change the offshore wind power outlook?   The global power generation has historically been dominated by the thermal sources, mainly coal. But governments around the world are struggling to fight the climate change, the focus is shifting...