Wind power auction yields record low tariff of Rs 2.64/unit

NRDC Report: Clean Energy Revolution Shatters Records & Projections

NRDC Report: Clean Energy Revolution Shatters Records & Projections

Regularly criticized for its conservative estimates on renewable energy deployment and forecasted growth, the IEA has, in its Renewables 2017 report, suggested that renewable energy can reach 1,000 GW globally by 2022 - equalling half of the world's current coal power capacity and doing so in a vastly shorter timescale.

This year's renewable forecast is 12 percent higher than last year, IEA said.

The US is to be the second-largest growth market for renewables despite uncertainties about the policy.

The Paris-based IEA said yesterday that China accounted for nearly half of the global expansion of solar power. For the first time, this growth over the forecast period is higher compared with the European Union. The group's fifth annual energy report, America's Clean Energy Revolution, was published this week, confirming United States shattered dozens of clean energy records over the past year and a half and proving that a massive shift is underway in America's energy landscape - from traditional fossil fuels and nuclear towards renewable energy sources like wind and solar.

Gravitational wave scientists win 2017 Nobel Physics Prize for opening 'unseen worlds'
LIGO has two observatories: one obviously right here in the Tri-Cities, and the other in Livingston, Louisiana. These "waves" would propagate outward at the speed of light, but the waves themselves were extremely faint.

The growth in the renewables market has been quite startling, with China accounting for large proportion of that growth.

Canadian hydro power capacity is projected to grow 2.2GW in the next five years, mostly due to the commissioning of the Keeyask plant in Manitoba the Muskrat Falls dam in Newfoundland and Labrador and the Romaine 3 and 4 stations in Quebec. By the end of 2016, China had increased its solar PV capacity by almost 800 times, with more than 77 gigawatts now installed. Most new demand for electricity is being supplied by renewable resources, with solar providing the most. "Solar power is clearly the most important new clean energy source, with more new capacity added in 2016 than dirty coal", said Jan Erik Saugestad, CEO of Storebrand Asset Management.

The IEA, however, expects the growth in hydro power capacity to "slow significantly" beyond 2022, after a raft of new hydro projects come online. By 2022, renewable electricity capacity is expected to increase by 43 per cent. While coal is expected to remain the largest source of electricity generation in 2022, its lead over renewables will be halved.

"When you look at how clean energy development has exploded beyond official government projections from just 10 years ago, it offers hope that its potential will continue to far surpass expectations and we'll meet our USA climate goals", she said.

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