New report “Future of Solar Photovoltaic” launched by the International Renewable Energy Agency (IRENA) at “Sun World 2019” event, which took place from November 12 to 14 in Peru, finds that by 2050 solar PV would represent the second-largest power source behind wind, generating a quarter of the world’s power. In total, global solar power capacity would rise from 480 GW in 2018 to over 8000 GW by 2050, growing by nearly 9 per cent every year, report finds.
Global investment in new renewable energy capacity over this decade — 2010 to 2019 inclusive — is on course to hit USD 2.6 trillion, with more gigawatts of solar power capacity installed than any other generation technology, according to new figures published in Global Trends in Renewable Energy Investment 2019 report.
The Indian state of Karnataka has been ranked first in the Index that evaluates Indian states based on their attractiveness for rooftop solar development. The states of Telangana, Gujarat and Andhra Pradesh have been ranked 2nd, 3rd and 4th respectively.
PV Evolution Labs (PVEL), the leading independent test lab for the global downstream solar industry, announced the publication of the 5th Edition of its PV Module Reliability Scorecard in partnership with DNV GL, the world’s largest resource of independent experts and certification body. As the most comprehensive publicly available comparison of PV module reliability test results, the Scorecard ranks PV modules and manufacturers using independent test data.
Renewable Swiss FinTech Pexapark, dedicated to providing advisory and enterprise software for the monitoring and management of renewables in open markets, announced it has released country-specific long-term Power Purchase Agreement (PPA) price reports for renewables in the European market.