Power Utility

About 120GW of new solar and wind capacity is expected in 2022.  

The growth rate stabilises following an 8% increase in 2021.

32 nuclear reactors under construction are expected to bring 30GW in electricity per year.

Without banking power, the business model of solar power becomes unviable.

It is ideal for India because of its geographical location and the socio-economic opportunities it will offer, IEEFA Contributor Charles Worringham argues.

The next energy market disruptor, green hydrogen is moving at lightspeed and global investment, with strong policy support and replication of the solar learning curve, is adding to the momentum.

This is to support the increasing demand, according to Wood Mackenzie.

Its annual capacity additions averaged only 500MW annually in the last five years.

The product will allow coverage of consequential loss due to damages on property during PV installation.

Over 58% agreed the sector will attract the bulk of investments in Asia.

About 44.6% of surveyed firms in Asia said so.

A 25% rate on solar cells and 40% on solar modules will be introduced by April.

24.6% cited it as the most challenging issue in the electric industry, a drop from 37.1% in 2020.

Meanwhile, 51.4% believe that the answer is in retiring fossil-fuel generation. 

43.9% agree that policy debates serve as a hurdle in grid operations.

It is projected to reach 1,431TWh by year-end from 1,271TWh in 2020.