iea

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Clean Energy Investment Nears $2 Trillion in 2024 But Disparities Remain

Global energy investment in 2024 is projected to exceed $3 trillion, with $2 trillion dedicated to clean energy technologies and infrastructure, according to the latest...

June 10, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Tripling Global Renewable Energy Capacity by 2030 a Challenge: IEA

The COP28 Tripling Renewable Capacity Pledge aims to triple the global renewable energy capacity from its current levels, targeting over 11,000 GW of installed capacity...

June 7, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: Leading Solar Module Manufacturers in 2023

ReNew, Waaree Energies, First Solar, Adani Solar, and Emmvee Photovoltaic Power led the annual solar module manufacturing capacity additions in the calendar year (CY)...

May 23, 2024

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Mercom Staff

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Daily Wrap-up
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Surging Use of Air Conditioners to Strain India’s Power Grids: IEA

India’s power grids will come under immense pressure as peak electricity demand in cities quadruples by 2050 from 2022 levels, driven by a surging need for air...

May 22, 2024

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Arshreet Singh

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Grid
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Global Renewable Energy Capacity to Reach 7.3 TW by 2028: IEA

Under current policies and market conditions, the global renewable capacity is projected to hit 7,300 GW by 2028. However, this trajectory falls short of the goal to...

May 2, 2024

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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Energy Storage Must Expand Six-Fold by 2030 to Enable Renewable Boom: IEA

Energy storage infrastructure needs to expand by at least six times the current capacity if the world wants to triple renewables capacity by 2030 while maintaining...

April 30, 2024

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Arshreet Singh

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Energy Storage

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Market & Policy
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India to Become Third-Largest Market for Utility-Scale Batteries by 2030: IEA

India could become the world’s third largest market for utility-scale batteries, with capacity additions expected to rise to 9 GW by 2030, fuelled by the cost...

April 29, 2024

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Arshreet Singh

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Energy Storage
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Global Solar Manufacturing Capacity Set to Expand to Over 1.3 TW by 2028

Global solar manufacturing capacity under construction indicates an increase of 330 GW in 2023 to almost 800 GW – triple the 2021 level, according to the International...

April 29, 2024

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Arjun Joshi

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Manufacturing

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Markets & Policy

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Solar
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India Adds 190 MT of CO2 as Global Emissions Hit a Record in 2023: IEA Report

India’s weakened monsoon spell, coupled with the country’s strong GDP growth, added nearly 190 million tons (MT) of CO2 to global emissions, according to a report by the...

March 5, 2024

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Arshreet Singh

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Renewable Energy
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Daily News Wrap-Up: RUMSL’s Tender for 400 MW Renewable Power

Rewa Ultra Mega Solar has issued a tender to procure 400 MW firm and dispatchable grid-connected renewable power. To meet the supply obligations, selected bidders must...

January 16, 2024

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Mercom Staff

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Daily Wrap-up
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Solar and Wind Capacities to Reach 710 GW Globally by 2028: IEA

Renewable electricity capacity additions soared globally in 2023, reaching an estimated 507 GW. This marked a nearly 50% increase from the previous year, driven by...

January 15, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: India’s Wind Energy Installations Fall 53% YoY in Q3

India added 412 MW of wind power capacity in the third quarter (Q3) of the calendar year 2023, representing a 53% year-over-year (YoY) dip, according to Mercom India...

November 8, 2023

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Mercom Staff

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Daily Wrap-up
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Global Solar Module Manufacturing Capacity to Exceed 1,200 GW by 2030: IEA

According to the latest International Energy Agency’s (IEA) World Energy Outlook, manufacturing capacity for solar modules is rapidly growing and has the potential...

November 7, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Daily News Wrap-Up: NTPC Green Energy Floats 300 MW Solar EPC Tender

NTPC Green Energy invited bids for the engineering, procurement, and construction package with land development for up to 300 MW of inter-state transmission...

October 18, 2023

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Staff

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Daily Wrap-up
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Electricity Grids Failing to Keep Pace with Renewable Energy Growth: IEA

The world must add or replace 80 million kilometers of electricity grids by 2040 which are equal to all grids globally today to meet national climate targets and support...

October 17, 2023

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Staff

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Other

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Renewable Energy

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