The residential sector will grow at the fastest pace within the rooftop solar space in the next few years. The residential rooftop solar market is becoming commoditised, and financers are establishing industry-wide tie-ups to offer a one-stop solution. PMSGY scheme will ensure a pan-India growth of residential rooftop solar, with a significant chunk of demand also from tier-2/3 cities and rural areas.
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Investment in renewable energy in Indonesia has stagnated for the past seven years. In 2023, it attracted a mere US$1.5 billion, lagging far behind its Southeast Asian neighbors. Indonesia needs to attract US$146 billion in near-term renewable energy investment to meet the country’s 2030 climate target. Current policies and onerous contractual requirements towards solar and wind power raise costs and discourage private investment.
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Puerto Rico residents and businesses have moved rapidly to install rooftop solar and storage in recent years to improve their resiliency in the face of an unreliable power system. These actions represent a bright spot in the transformation of Puerto Rico’s electrical system towards more renewable energy. This report “Solar at a Crossroads in Puerto Rico” by IEEFA tracks the overall progress of Puerto Rico’s long-touted transition to renewable energy.
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The U.S. Department of Energy (DOE) has issued a notice of intent to fund six carbon capture demonstration projects. Two are to be located at new or existing coal-fired generators, two at new or existing gas-fired facilities, and two at new or existing industrial facilities not proposed for electric generation. IEEFA has chosen to focus on Enchant’s proposed project for three reasons.
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Incorporating gas-powered generation as a sustainable investment into Asian taxonomies could have unintended consequences, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Doing so could lock Asia into a high-emitting future while also posing a credibility and greenwashing problem that Asian policymakers and ESG debt investors would be wise to avoid.
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India has set ambitious long-term targets for its electricity sector, including 450 gigawatts (GW) of renewables by 2030, representing a total of 55% of planned capacity. As a prerequisite for the country to achieve these renewable targets and sustain its economic growth goals, the crippled power distribution sector must be made profitable.
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European oil companies—in particular, Equinor, Shell and Total—are investing in CCS, notwithstanding the lack of return, because it is an important part of their decarbonisation narrative and supports their aims to be seen as “responsible” energy companies.
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Tech giants that will require more and more data-center capacity tied to renewables can find skilled workforces, inexpensive land, and extensive transmission infrastructure in such locales.
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