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Amazing article by Pashu Gopalan Must read!

According to the Global Solar Council, it took 68 years to reach an installed solar PV capacity of 1 TW, but only an additional two years to double that to 2 TW. To put the scale into perspective, 2 TW of solar power is equivalent to the combined total installed electricity capacity of the United States, India, and the United Kingdom, and it could potentially power around one billion homes. https://lnkd.in/eQ4fq6CW

Powering Millions: PM Surya Ghar Yojana’s Vision For Free Solar Energy Prime Minister Narendra Modi launched the PM Surya Ghar: Muft Bijli Yojana on February 15, 2024, aiming to transform India’s energy landscape with the world’s largest domestic rooftop solar initiative. This ambitious program seeks to provide solar power to one crore households by March 2027. By March 2025, installations under the scheme are expected to exceed 10 lakh, doubling to 20 lakh by October 2025, reaching 40 lakh by March 2026, and achieving the final target within the next year. The initiative focuses on offering free electricity to households by subsidizing rooftop solar panel installations. Households receive up to 40 […] Read the full story here: https://lnkd.in/genanUAk #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #india #pmsuryagharyojana #renewableenergy #rooftopinstallations #solarenergy #subsidy

Future Of Utility Scale Solar Market: Anticipated Growth And Technological Advancements From 2024 To 2031 The Utility Scale Solar Market is expected to see significant growth from 2024 to 2031, driven by the increasing adoption of advanced technologies and strategic initiatives by key industry players. Utility-scale solar facilities, which generate and feed solar power into the grid, play a crucial role in supplying energy to utilities, often backed by power purchase agreements (PPAs) that guarantee a market for their energy over a fixed period. In 2023, the market is already growing steadily, and this trend is projected to continue and even accelerate. North America, particularly the United States, is anticipated to be a major player […] Read the full story here: https://lnkd.in/dZqQxPFm #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #marketresearch #offgrid #ongrid #renewableenergy #report #solarenergy #utilityscale

“It took 68 years for the world to reach 1 terawatt of #solarPV capacity. It took just two years to double it” Joshua S Hill - Nov 11, 2024 “Global installed #solarPVcapacity has reportedly hit 2 terawatts (TW), according to estimates calculated by the Global Solar Council and #SolarPowerEurope .” “Though it took 68 years to reach 1 TW of installed solar PV capacity, it took only two more years to reach 2TW, according to the Global Solar Council.” “”The unprecedented roll-out of #solar worldwide, and now the fact that we have made this 2TW milestone, or about 7 billion #solarpanels installed, is the culmination of decades of hard work,” said Sonia Dunlop, CEO of the #GlobalSolarCouncil .” “Putting the scale of this achievement in context, 2TW of solar is equivalent to the total installed electricity capacity of India, the United States, and United Kingdom combined and could power an estimated one billion homes.” https://lnkd.in/eAE4hHEt Source - original post Read all my posts #MariusPreston

The solar industry is witnessing a remarkable transformation with the rapid growth of floating solar power. Once a niche concept, it is now projected to reach 77 gigawatts (GW) globally by 2033, according to a report by Wood Mackenzie. The Asia-Pacific region (APAC) is expected to lead this revolution, accounting for 81% of the floating solar market—or 57 GW—by 2033. India, China, and Indonesia are the top markets, set to contribute 31 GW collectively. In Europe, Germany, France, and the Netherlands will dominate, with Germany achieving 2.2 GW. Despite slightly higher initial costs compared to ground-mounted systems, advancements in PERC and TOPCon module technologies are reducing costs significantly, fueling this sector’s expansion. Floating solar offers innovative solutions for energy needs while optimizing water resources, making it a game-changer for sustainable energy. Will this 77 GW projection be surpassed? Only time will tell. #floatingsolar #solarenergy #renewableenergy #sustainability #energyInnovation #solarpowered #solarinstallation #solarpower

[Industry Updates] 🌞 Ember, a leading industry think tank, forecasts a 29% rise in global #solar capacity to 593GW by 2024, led by China, the US, and India. This growth is crucial for achieving the world's clean energy goals, including tripling #renewable power capacity by 2030. At C&D Clean Energy, we are proud to support this green transition with high-quality #energy products, clean power asset investments, and integrated supply chain services. Solar #energy continues to unlock vast opportunities for a #greener future! Clean Power Today for a Better Tomorrow! ⚡🌍🔋 #RenewableEnergy #SolarPower #CleanEnergy #solarpv #renewables #cleanpower #PV #solarenergy https://lnkd.in/efr-unWj

In today's dynamic landscape, India is increasingly tapping into its vast rooftop solar resources to foster sustainable growth and achieve energy independence. With ambitious targets and a plethora of innovative initiatives, the rooftop solar sector is not just transforming the energy grid but also empowering communities. Learn how rooftop solar (RTS) is leading the charge towards a greener and more self-sufficient future for the nation! To know more, read the full article https://lnkd.in/g-MpG9zn Jakson Distributed Energy

MNRE Seeks Feedback On Guidelines For Innovative Solar Projects Under PM-Surya Ghar Scheme The Ministry of New and Renewable Energy (MNRE) is seeking feedback on the draft guidelines for the “Innovative Projects” component of the PM-Surya Ghar: Muft Bijli Yojana. Approved by the Government of India on February 29, 2024, this scheme aims to install rooftop solar systems in one crore households, with a total budget of ₹75,021 crore. The administrative approval for the grid-connected rooftop scheme was granted on March 16, 2024. The guidelines for the Innovative Projects component are now available for stakeholder comments, with a deadline of September 23, 2024. This component seeks to promote and showcase innovative solar technologies, […] Read the full story here: https://lnkd.in/dFqYrvP4 #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #guideliness #india #mnre #regulatoryaffairs #rooftop #solarenergy

Incredible news this week, as solar energy is breaking records by becoming the fastest-installed technology in history.   In 2023, solar PV and wind power comprised approximately 80% of global generation capacity. The total global installed solar capacity has also surpassed 1.4 TWs, marking a tenfold increase compared to just a decade ago, with its capacity doubling every three years.   With a remarkable growth rate of 20% per annum, solar energy is on track to surpass fossil gas in 2024 and coal in 2025. This progress can be attributed to the increasing demands of a growing population and the growing social acceptance and endorsement of renewable energy, with solar leading the charge.   In addition, Australia has the world’s highest rates of rooftop solar per capita, with around one in every three homes generating their own power.   A mere decade ago, solar uptake was nowhere near as popular or widespread as it is today. The technology was perceived as expensive, inefficient, and inaccessible to the average consumer.    In 2024, the average cost per watt of solar PV panels was around $3.50 to $4.00. Fast forward to 2024, and we've witnessed a remarkable decline in solar costs due to technological advancements, economies of scale, and increased competition in the market. So much so, that the average cost per watt of solar PV panels has plummeted to around $0.20 to $0.30, marking a substantial decrease of over 90% within the span of a decade.   What was once a niche market has now become a global powerhouse, driving unprecedented growth and reshaping the energy landscape for generations to come. ACLE is proud to see this shift taking place as we continue to expand operations in line with this market growth.   Andrew Blakers The Australian National University Australian Government   #RenewableEnergy #SolarPower #CleanEnergy