Renewable energy, mostly solar and wind, are set to account for more than two-thirds of the new electricity generation capacity that the United States will install this year
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Chinese firms step up investments in climate-friendly power projects in Southeast Asia as costs fall, policy shifts
Supported by solar equipment makers, Chinese investors are in a strong position in terms of cost-competitiveness in project tenders
While Chinese investors are paying more attention to renewable energy, they will not stop investing in fossil fuel projects in the region, says WaterRock Energy Economics
Helping Indian solar shine brighter
January 11, 2021
Current production capacity is able to meet only 35 per cent of the total annual domestic demand - Getty Images/iStockphoto
Current production capacity is able to meet only 35 per cent of the total annual domestic demand - Getty Images/iStockphoto×
Domestic manufacture of PV modules needs long-term policy support: report A self-reliant solar sector would not only cater to domestic demand but could also open new avenues of exports, especially after the Covid-19 supply chain shock that forced nations to look at alternatives to China.
According to a report of the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research, about $18 billion worth of products will have to be imported annually to achieve India’s 450 GW renewable power target.