Residential energy storage market to reach USD 17.5 billion by 2024: Research

The global residential energy storage market is projected to reach USD 17.5 billion by 2024 from an estimated USD 6.3 billion in 2019, at a CAGR of 22.88% during the forecast period says a report. This growth can be attributed to factors such as declining cost of batteries, regulatory support and financial incentives, and the […]

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Rooftop solar must for India to meet 175 GW renewable energy target: IEEFA

India needs faster implementation of rooftop solar projects to meet the 175 gigawatts of renewable energy target by 2022, a report has said. The country has set an ambitious target of installing 175 GW of renewable energy capacity by the year 2022, which includes 100 GW from solar, 60 GW from wind, 10 GW from […]

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Residential Energy Storage Market to reach USD 17.5 billion by 2024: MarketsandMarkets

According to the new market research report published by MarketsandMarkets, the global Residential Energy Storage Market is projected to reach USD 17.5 billion by 2024 from an estimated USD 6.3 billion in 2019, at a CAGR of 22.88% during the forecast period. This growth can be attributed to the declining cost of lithium-ion batteries and […]

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Hero Future Energies to get USD 43.3 million debt financing from IFC

International Finance Corporation (IFC) plans to provide debt financing of up to $43.3 million in in Munjal family-promoted Hero Future Energies Global Ltd (HFE) for the construction of a solar power plant. The Fund will be used to build a 250 MW project at Bhadla in Rajasthan, IFC a sister organisation of the World Bank […]

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Storage market set to grow further to USD 300 Billion by 2030: ResearchAndMarkets

With growing solar PV installations and further gaining up in renewable power capacity additions clubbed with enticing business for electric vehicles in India, the rationale behind the battery energy storage systems (BESS) is certain to embellish and gather momentum in the country says the ResearchAndMarkets in its news report. The research firm notes that the […]

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Global Solar PV Market Returns to Double-Digit Growth in 2019: IHS Markit

Global business information provider IHS Markit in its new report notes that the global solar PV market is set to bounce back from single-digit growth in 2018 to 25 percent growth in 2019, reaching 129 gigawatts of solar installations. This revived growth comes mainly from markets outside of China, which are forecast to rise by […]

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Solar Tariffs Not Helping American-Made Solar Panels Compete: EnergySage

EnergySage has released its latest semiannual Solar Marketplace Intel Report. Based on millions of transaction-level data points generated within the EnergySage Solar Marketplace during 2018, this report tracks demand for American-made solar panels in the U.S. and provides dozens of other insights into consumer shopping behavior. In January 2018, the Trump administration acted on the U.S. International […]

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SMEs in India are hesitant to install rooftop solar panels: Deloitte survey

In India several power-consuming small and medium enterprises (SMEs) hesitate to install rooftop solar panels due to perceived performance risks says a survey carried out by Deloitte in collaboration with the CIF. The survey, titled ‘Scaling Up Rooftop Solar in SME Sector in India’, was conducted by across 150 MSMEs in six industrial clusters — […]

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PV inverter to reach over USD 12 billion by 2024: ResearchAndMarkets

ResearchAndMarkets in its new reports forecasts the photovoltaic (PV) inverter market to grow at a CAGR of 10.45% to reach US$12.804 billion by 2024, from US$7.052 billion in 2018. The research firm in a statement said that growing focus towards environmental sustainability and clean energy is significantly driving the demand for PV inverters worldwide. ResearchAndMarkets […]

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BP Energy Outlook 2019: Renewables Becoming Largest Source of Power Generation by 2040

The 2019 edition of BP Energy Outlook, published explores the key uncertainties that could impact the shape of global energy markets out to 2040. The greatest uncertainties over this period involve the need for more energy to support continued global economic growth and rising prosperity, together with the need for a more rapid transition to a lower-carbon future. These […]

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