India Solar Growth Story: Where do we stand Currently, Progress So Far And Future Outlook

India has an acute energy scarcity, which hampers the economic progress and industrial growth of the country. The continuous effort has been put into using a lesser amount of fossil fuels to reduce pollution as well. Increment in the supply of energy can be met by a renewable source like solar energy. Present, the Union Ministry of New and Renewable Energy announced on August 12, 2021, that India has achieved installed 100 gigawatts (GW) capacity of renewable energy. In India, the solar energy market is expected to grow at a CAGR of more than 8% during the forecast period. Due to the Covid-19 outbreak, the Government was forced to employ either partial or complete lockdown, resulting in manufacturing disruptions of solar projects during the first half of 2020. Projects of 2020-2021 mostly had finance clearance in the year 2019, but due to the lockdown, many projects got delayed.

Which new technologies will C & I Segment witness in 2022 in the Middle East? How this will impact LCOE?

Commercial and Industrial in the Middle East have a power demand of 20% and 21% respectively.

COVID-19 led to digitization across the Middle East transforming investment and consumer behavior in sectors such as e-commerce, education, and FinTech.

GOING ALL-IN ON AI:

Due to pandemics, there was more usage of artificial intelligence (AI) in the Middle East, as it continues to explore opportunities for adoption and innovation. It was estimated by IBM that AI could contribute more than $300bn to Middle East GDP by 2031 while the UAE calculated AI could add $182bn to its economy by 2035.

In UAE, several new sectors and services have facial recognition, this includes the ‘UAE Pass’ digital services app, where government agencies provide biometric face recognition to enable users to access more services.

Autonomous delivery services are being developed by companies with Carrefour and Adnoc Distribution their first cashier-less retail stores.

What is the market outlook for C & I segment of the Middle East for 2022?

The Data Center Market of the Middle East witnessed investments of USD 3.89bn in 2021 and it is expected to witness 6.73bn in 2027, growing at a CAGR of 9.56 during 2022-2027.

Rooftop Solar + Storage: How Feasible Is The Combination For Propelling Rooftop Growth Trajectory in the Middle East?

Countries like the United Arab Emirates (UAE) and Oman aims to derive 30% of electricity from renewable sources by 2030, the UAE’s vision is to provide 75% of its energy from a clean source by 2050. Ministers of the UAE have decided to install solar panels on every roof in Dubai by 2030.

Thailand Rooftop Market: What is driving the Rooftop Sector Ahead? Current Installation and Potential Market Size.

Throughout Thailand, over the past five years’ solar electricity developers have installed solar panels everywhere. However, Thailand’s rooftop solar industry is young, and solar panels are available everywhere so there are drawbacks that can be overcome by proper policy guidance. The Potential market is high yet the demand is low in terms of solar panels.

What does the solar landscape look like for Cambodia in 2022?

The Cambodian government aims to generate 20% of energy from renewable resources. Projects are in pipeline for construction. It is said that by 2023, seven solar power plants with a capacity of 495 mW are going to be in operation.

Automation Technologies For Module Cleaning in India.

In India, many Solar PV cleaning techniques with advantages and disadvantages-

Cleaning SystemAdvantageDisadvantage
Fuzzy Logic Control based Cleaning systemAutomatic cleaningRobust design  High cost
Automatic Solar Panel Cleaning SystemCleans dust efficientlyHuman-interference required.

 And many more are available.

Promising Landscape of Solar Energy in Northern Africa.

Countries like Algeria, Egypt, Libya, and Morocco aim to reduce greenhouse gas emissions by 7% to 22%, 42%, 6.6 GW, and 52% of renewable capacity by 2030

How Has Covid Impacted The Solar Sector In Northern Africa?

Due to the pandemic, a significant reduction in energy demands globally. Northern Africa has focused on measures to safeguard its gas and oil sectors. A Country like Algeria prevented oil Giant Total from taking advantage of the pandemic to acquire some gas and oil assets.

Even though this pandemic has been the major reason for many market failures yet the corporate world is trying to balance, hence projects completion delay has been faced worldwide but at the same time keeping in mind the global warming condition did not completely wipe out the news hence countries like Thailand, Middle East, and Africa are still working on solar panels.

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