China has been the prime driver of solar capacity additions globally over the past 5-6 years as it installs nearly 30%-40% of the total global solar energy capacity every year. The size of the Chinese solar market dwarfs the other large markets such as India, USA by a factor of 4x-5x. Even in 2020, the […]

The International Energy Agency states that global energy demand in the current year is set to decline by 6% YoY. The coronavirus pandemic has negatively impacted energy demand worldwide. The pandemic-induced lockdown has put a halt on the daily lives of the people. Oil is the worst affected of all energy sources. Given its green and clean credentials, […]

After ‘Make in India‘, the Modi government has urged India to become ‘Atmanirbhar‘ ie. self-sufficient and self-reliant. Prime Minister Narendra Modi believes that solar energy will play a major role in making India ‘Atmanirbhar’. While inaugurating the 750-MW solar power project in Rewa district via video conferencing, Mr. Modi said, “We won’t be able to use solar […]

A large recent auction of solar projects by the state-owned company SECI resulted in an all-time ever low tariffs of INR 2.36 which is around USD 3 cents per kWh. The 2000 MW tender saw good participation by both local as well as foreign companies. The lowest bid was made by Spain’s Solarpack with other […]

Renewable energy costs are set to decline further as interest rates have become negative in large parts of the globe. With the COVID-19 crisis leading to a GDP decline in most countries, central banks globally have been rapidly cutting rates to fight the crisis. The USA has cut rates to zero while central banks in […]

United Kingdom has had a silver lining due to the COVID crisis which has led to hundreds of thousands of cases in the country. The lockdown that was imposed resulted in a sharp fall in the demand for power which is similar to what has been seen in other countries as well.  Also like other […]