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Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV

14 June 2019
Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV

The recent tender auctions of 1200 MW by SECI saw an active participation from 6 developers. Ayana Renewable (CDC), Renew, Azure & Mahindra Susten won the entire bidded capacity. Avaada Energy won 50MW of the 350MW bidded capacity. Company Name Status Bid Capacity Awarded Capacity Quoted Tariff...

India Solar Policy Update - May 2019

12 June 2019
India Solar Policy Update - May 2019

Below is SolarQuarter's brief analysis of the latest updates on solar regulations & policies from various states in India.

Pooled Structures And InvITs To Boost Market Access For Developers

12 June 2019
Pooled Structures And InvITs To Boost Market Access For Developers

Nuanced structures in pooling of assets such as obligor/co-obligor or Infrastructure Investment Trust would propel refinancing of the infrastructure assets, says India Ratings and Research.

India Solar Policy Update - April 2019

13 May 2019

Below is SolarQuarter's brief analysis of the latest updates on solar regulations & policies from various states in India.

Solar Energy: The Perfect Match For EVs

06 May 2019
Solar Energy: The Perfect Match For EVs

EVs and Solar as a supporting source of power. Recently there has been much hype around EVs what with the Indian government pledging to replace petrol and diesel cars with EVs by 2030.

Innovative Solar Applications & Latest Technology Breakthroughs

06 May 2019
Innovative Solar Applications & Latest Technology Breakthroughs

Solar skin design Sistine Solar, a Boston-based design firm, is making major strides with the concept of aesthetic enhancement that allow solar panels to have a customized look. The MIT startup has created a “solar skin” product that makes it possible for solar panels to match the appearance of a ro...

Why Is Mono Silicon Wafer Getting Bigger And Bigger?

06 May 2019
Why Is Mono Silicon Wafer Getting Bigger And Bigger?

In recent years, PV technologies have been developing rapidly. With respect to cell, the high-efficiency PERC, bifacial cell and black silicon technologies have started mass production gradually, while N-type and heterojunction technologies have obtained footholds in the market; with respect to modu...

Optimistic Outlook For Indian Solar Market

06 May 2019
Optimistic Outlook For Indian Solar Market

Fitch Solutions Macro Research on Tuesday said it is maintaining a positive outlook on India’s renewables growth, excluding hydro power, irrespective of general elections as both the incumbent and the opposition support clean energy.

India Looking At $500 bn Investment In Renewable Energy Generation By 2028

06 May 2019
India Looking At $500 bn Investment In Renewable Energy Generation By 2028

The global think-tank said in a special report the long-term outlook is favorable for renewable energy in India

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Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV https://t.co/qluWEzZDgg Solarquarter… https://t.co/FAtyZ57rla
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Renewable Energy Jobs Reach 10.3 Million Worldwide in 2017

The renewable energy industry created more than 500,000 new jobs globally in 2017, a 5.3 per cent increase from 2016, according to the latest figures released by the International Renewable Energy Agency.

According to the fifth edition of Renewable Energy and Jobs – Annual Review, launched at IRENA’s 15th Council in Abu Dhabi today, the total number of people employed in the sector (including large hydropower) now stands at 10.3 million globally, surpassing the 10 million figure for the first time.

China, Brazil, the United States, India, Germany and Japan remain the world’s largest renewable energy employers, representing more than 70 per cent of all industry jobs globally. Although growing numbers of countries are reaping the socio-economic benefits of renewables, the bulk of manufacturing takes place in relatively few countries and domestic markets vary enormously in size. Sixty per cent of all renewable energy jobs are in Asia.

“Renewable energy has become a pillar of low-carbon economic growth for governments all over the world, a fact reflected by the growing number of jobs created in the sector.” said Adnan Z. Amin, Director-General of the International Renewable Energy Agency.

“The data also underscores an increasingly regionalised picture, highlighting that in countries where attractive policies exist, the economic, social and environmental benefits of renewable energy are most evident,” continued Mr. Amin. “Fundamentally, this data supports our analysis that decarbonisation of the global energy system can grow the global economy and create up to 28 million jobs in the sector by 2050.”

The solar PV industry remains the largest employer of all renewable energy technologies, accounting for close to 3.4 million jobs, up almost 9 per cent from 2016 following a record 94 gigawatts (GW) of installations in 2017. China was estimated to account for two-thirds of PV jobs – equivalent to 2.2 million – representing an expansion of 13 per cent over the previous year.

Despite a slight dip in Japan and the United States, the two countries followed China as the largest markets for solar PV employment in the world. India and Bangladesh complete a top five that accounts for around 90 per cent of global solar PV jobs.

Jobs in the wind industry contracted slightly last year to 1.15 million worldwide. While wind jobs are found in a relatively small number of countries, the degree of concentration is lower than in the solar PV sector. China accounts for 44 per cent of global wind employment, followed by Europe and North America with 30 and 10 per cent, respectively. Half of the top ten countries with the largest installed capacity of wind power in the world are European.

“The energy transformation is one of improving economic opportunity and a rise in social wellbeing as countries implement supportive policies and attractive regulatory frameworks to fuel industrial growth and sustainable job creation,” said Dr. Rabia Ferroukhi, Head of IRENA’s Policy Unit and Deputy Director of Knowledge, Policy and Finance.

“By providing policy makers with this level of detail about the composition of renewable energy employment and skills requirements, countries can make informed decisions on several important national objectives, from education and training, to industrial policies and labour market regulations,” continued Dr. Ferroukhi. “Such considerations will support a fair and equitable transition to a renewables based energy system.”

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