In FY19, subsidies for oil, gas and coal amounted to Rs 83,134 crore, compared to Rs 11,604 crore for renewables and electric mobility

In FY 2014, fossil fuel subsidies have fallen by more than half, largely driven by falling world oil prices and policy reforms to diesel and kerosene pricing, while subsidies for RE and EVs have increased over three and a half times, largely due to policy efforts to meet capacity targets. EV subsidies, in particular, have increased over 440 times from a very low baseline in FY 2014. Subsidies for fossil fuels are still over seven times larger than subsidies for alternative energy. Here is a snapshot:

Source: ‘Mapping India’s Energy Subsidies 2020: Fossil fuels, renewables, and electric vehicles’ report by IISD and CEEW

Source: energy.economictimes.indiatimes

There is little debate that the energy transition is underway. However, the speed at which it is happening is very much in flux.

Wood Mackenzie recently compiled some of its latest power and renewables forecasts into a presentation (available here) that shows its most recent outlooks across sectors.

Here are a few of the highlights.

WoodMac’s analysts modeled a few different emissions scenarios in their latest Energy Transition Outlook. Even under an aggressive-action scenario, the outlook is dim for keeping global warming below 2° C, with emissions plateauing but not yet falling in the 2030s.

How Emissions Differ by Scenario, 2000-2040

Source: Wood Mackenzie’s Energy Transition Outlook

“The energy mix is changing only gradually, and the world risks relying on fossil fuels for decades to come,” Wood Mackenzie president Neal Anderson writes.

“Despite great efforts to reduce costs in renewables, electricity, zero-carbon technologies and advanced transportation — not to mention burgeoning support in governmental policies — it is not enough,” Anderson said.

“Our analysis sees carbon emissions continuing to rise into the 2020s, with growth slowing only in the 2030s. As a result, our Energy Transition Outlook (3° C) and Carbon-Constrained Scenario (2.5° C) fall outside the 2° C or lower trajectories.”

Solar
After its first down year in recent memory, the global solar market is poised for a rebound in 2019. However, Wood Mackenzie expects a relatively flat market between 2020 and 2024.

Annual PV Demand by Major Region, 2001-2024E

Source: Wood Mackenzie’s Global Solar Market Outlook Update, Q2 2019

Energy storage
The world saw immense gains in energy storage deployments in 2018, and Wood Mackenzie expects the trend to continue. According to the analysis, “The U.S. is the clear front-runner, making up 34 percent of deployed GWh capacity by 2024.” It continues, “China (driven by state-level mandates and policy), Japan, Australia and South Korea also lead the pack.”

Global Cumulative Deployment Capacity, 2013-2024E (GWh)
Source: Wood Mackenzie’s Global Energy Storage Outlook 2019

Wind power

On the wind front, WoodMac recently upgraded its forecast due in large part to new state-level targets and strengthening renewable portfolio standard mechanisms in the U.S.

Source: Wood Mackenzie’s Global Wind Market Outlook Update, Q2 2019

The slide deck also has Wood Mackenzie’s latest outlooks on the U.S. utility-scale and residential solar markets, global advanced metering infrastructure, global EV sales, offshore wind operations and maintenance, and more. Wood Mackenzie has made it available for free here.

***

Join the Wood Mackenzie analyst team this year at Solar Power International. Stop by booth #7342 to meet with the team or demo our Data Hub.

Source: greentechmedia

Oil and coal together accounted for a quarter of global demand growth. Renewables, which grew by over 4 per cent, met around one-quarter of the growth in total primary energy demand. This was largely due to expansion in electricity generation, where renewables accounted for 45 per cent of the growth in 2018.

Nuclear also grew by 3.3 per cent in 2018, mainly as a result of new capacity in China and the restart of four reactors in Japan. Worldwide, nuclear generation met 7 per cent of the increase in energy demand. Increasing power generation was responsible for a little more than half of the growth in primary energy demand. Here is a snapshot:

Source: Global Energy and CO2 Status Report 2018

Source: energy.economictimes.indiatimes

EQ REsearch presents Gujarat Solar Plants Ranking Map 2016. Grid Connected Utility Scale Solar Powwer Plants are ranked on the basis of CUF achieved. CUF is calculated on the basis of actualy generation, capacity of the plant. For any feedback / suggestions / comments / correction, please email EQ’s Editor Anand Gupta <anand@eqmag.net> or Call +919826244496

The energy system drives today’s economic and social progress. Global energy investment in 2015 accounted for nearly 2.4 percent of global GDP—electricity, including networks, accounted for 37 percent of this investment[1], serving worldwide energy demand and providing critical energy access to millions.

Electricity also plays a key role in the transition to a low-carbon economy—it can partially replace fossil fuels in transport and heating, helping countries to meet climate goals, especially after last year’s Paris Climate Agreement.

However, more can be done to further electricity access and support decarbonization. For example, more than 1 billion people have no access to power. In Africa alone, more than 600 million people lack access to electricity, and 70 percent of businesses cite unreliable power as a barrier to doing business on the continent. Electrification can deliver power to those who lack it.

On the side of sustainable energy, transport, heat and power generation are major sources of worldwide sulfur dioxide emissions; the power sector accounts for nearly one-third of the global energy sector SO2 emissions in 2015[2]. Electrification can play a pivotal role in contributing to sustainable energy use.

Here, we take a look at some of the key trends supporting the growth of electrification.

Renewables on the rise

Strong policies—most notably from last year’s Paris Climate Agreement—facilitate investment in renewable energy. This investment is crucial to achieving the goals of limiting the global increase in temperature to well below 2 degrees. Despite the fall in oil and gas prices, renewables investment in 2015 reached nearly US$290 billion globally—almost double of what was spent a decade ago. Furthermore, new low-carbon generation coming online in 2015 exceeds the entire growth of global power demand in that year, according to the International Energy Agency’s new report, World Energy Investment 2016. This trend, driven by rapid technology progress, cost deflation and long-term price signals is expected to continue, with the renewables share of total power generation anticipated to make up 26 percent of the total global energy mix by 2020.

Sustainable energy—decarbonization and air quality

Electrification can be a solution for air pollution and air quality and can support the decarbonization of electricity generation, helping the world meet its energy needs with less carbon.

High rates of use and overwhelming reliance on diesel fuel and heavy-duty vehicles account for a disproportionate share of emissions, according to the IEA’s Energy and Air Pollution report. Access to electric vehicles can decrease emissions. In Paris, for example, between 2002 and 2012, a mobility plan which included shared bikes, electric vehicles and improved vehicle efficiency decreased 30 percent of NOx emissions and 35 percent of PM10 emissions over the period.

Growing investment in emerging markets

As urbanization continues to increase and the world’s population expands, developing markets are planning ambitiously to support growth and secure their energy future.

This is evident in the numbers: in 2015, non-OECD accounted for US$910 billion of investment in fossil fuel and electricity supply, while OECD countries accounted for only US$670 billion of investment. China was the largest destination for investment at over one-third of the non-OECD total; the ambitious targets of China’s 13th Five-Year Plan will drive continued investment.

As the world’s third largest economy, India accounts for 6 percent of global energy use, and the government is taking steps to provide electricity to the 240 million people who lack access to it. The country’s modernization program (Make in India), has set ambitious growth targets that are anticipated to encourage industry and energy sector investment; the government’s ambitious plan to build 100 smart cities across the country will encourage electrification.

Innovation…a key driver

The trends above present several challenges—and opportunities.

First, the rise of variable energy renewables deployment points to a rebalancing of the energy system; as such, it requires the effective development of new technologies capable of properly managing power systems. Energy battery storage and microgrids can play a key role in balancing systems with large amounts of renewable generation and facilitating the integration of these variable energy resources. These technologies also have the potential to play a key role in countries such as Africa with limited grid access, helping to power these remote regions.

Technology can improve the reliability and efficiency of electrical equipment in power plants, two factors in determining its cost competitiveness, which encourages its use in decarbonization and facilitates its deployment. Two examples are below:

The latest innovation in the solar industry uses silicon carbide in solar inverters and can help achieve 99 percent EU weighted efficiency. The efficiency gain can be translated into US$2.5 million of extra energy produced for a 100-megawatt solar plant over its lifetime.
The Industrial Internet—which looks to link energy production assets together via a central platform such as GE’s Predix—provides a number of cost-saving and efficiency benefits. For example, a connected power plant or renewables wind farm can be monitored remotely, and software analytics can lead to anomalies being spotted before they occur. This can reduce downtime and can deliver electricity where and when it’s needed.
Energy technology and innovation can help us strive towards a world of sustainable energy for everyone.

Dear Solar Industry Colleagues,

Warm Greetings from EQ Int’l <www.EQMagPro.com>

After Massive Success of EQ Solar Map of INDIA 1st, 2nd, 3rd, 4th, 5th & 6th Edition, EQ plans the following Solar Maps for 2016-2017

1. EQ Solar Map of India 7th Edition 2017
2. EQ Solar PV RoofTop & Net Metering Map of India 1st Edition 2016

1. EQ Solar Map of India 7th Edition 2017
With new solar projects under JNNSM, Central & State Policies, REC, Private PPA’s, New Manufacturing Set Ups in the country etc..etc..etc…EQ Solar Map 7th Edition will be featuring the Utility Scale Grid Connected Solar PV Projects, Manufacturers & Suppliers of Solar Modules,Solar Cell,Wafers, Inverters, Mounting Systems, BOS Manufacturers, Equipment & Technology provider and lots more.

2.EQ Solar PV Rooftop & Net Metering Map of India – 2016. The Government of India has set a target of 40 GW Solar RoofTop Installations by 2022. The Map will show the Overall Targets, State Wise & Year Wise Targets,Current Achievements & Installations Snapshot, Basic Working & Functioning of RoofTop/Net Metering PV System, Key Insights & Statistics, Projections etc… and on the back of the map a brief of the net metering regulations of 20+ States will be mentioned

EQ will be printing 40000+ copies of this map on a poster of size of 3.25 ft. X 2.25 ft. and on the periphery there will be ads of size 60 MM (Height) x 90 MM (Width). This map will be inserted in EQ Int’l Magazine and also distributed in important trade fairs and conferences in 2016-2017 such as InterSolar India 2016 , RE-Invest 2017 etc….Solar Map of INDIA will be distributed in Print and Digital (Online) Format.

Infograph Source:ET