India & China Lead Globally in Solar Power Expansion

A recent analysis by Institute for Energy Economics and Financial Analysis has stated that India & China Lead Globally in Solar Power Expansion.

IEEFA said in a report,

“Solar energy is taking an increasingly prominent role in driving the ongoing transformation of global electricity generation markets alongside gains in storage, wind, hydroelectricity and energy efficiency.”

Half of the world’s 10 largest solar parks under construction currently are in India. China still has the largest ones. Its 1,547 megawatt (MW) Tengger Desert Solar Park, for instance, is the world’s biggest.

India & China Solar Projects:
India & China
Director of Energy Finance Studies of the Institute for Energy Economics and Financial Analysis (IEEFA) Tim Buckley said,
“India doubled solar installs to 10 GW in 2017-18 and is rapidly up-scaling capacity to strive towards the ambitious and transformational 100 GW of solar by 2022.”

In 2017, China commissioned world’s largest floating solar project Sungrow’s 40 MW development in Anhui Province. The world’s largest solar project to-date if of 2,225 megawatt (MW). It is under construction at the Bhadla Industrial Solar Park in Rajasthan.

China added 53 gigawatts of the 98 gigawatts of new solar capacity built last year. It shows a 31 percent increase from the total 2016, IEEFA said, citing Bloomberg New Energy Finance data.

To know more about recent advancements in the field of Renewable Energy and Electric Vehicles, continue reading on Energy Log.

A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

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A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility

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