Global energy transformation: A roadmap to 2050

Increased use of renewable energy, combined with intensified electrification, could prove decisive for the world to meet key climate goals by 2050. This study from the International Renewable Energy Agency (IRENA) highlights immediately deployable, cost-effective options for countries to fulfil climate commitments and limit the rise of global temperatures. The envisaged energy transformation would also…

India is the 3rd largest solar market after China, US: Report

India emerged as the third largest solar market in the world after China and the US. India’s solar installations reached 8.3 GW, including large-scale and rooftop solar units, according to a report by Mercom Communications India. The country’s cumulative solar capacity is 28 GW as of 2018. Mergers and acquisitions globally were steady in the…

Renewables will dominate world’s energy needs, says global body IRENA

Renewable energy could become the dominant source of energy across the world, provide up to 86% of global power demand under a scenario in which deeper electrification means that electricity’s share of final energy consumption jumps from its current levels of 20% to 50% by 2050. A new report published by the International Renewable Energy…