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Global Renewable Energy Statistics

Analysis, Data Insights

Renewable Energy Capacity and Production (On-Grid and Off-Grid) In 2023, total global renewable energy capacity reached 3,864,522 MW, up from 1,698,295 MW in 2014, a more than twofold increase. Africa has also experienced growth, with a capacity of 62,066 MW in 2023, up from 32,511 MW in 2014. Countries like Angola, Ethiopia, and South Africa have led this surge, each achieving notable renewable capacity expansions. Angola, for example, expanded from 1,020 MW in 2014 to…

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Wardwizard reports financial performance for Q1 FY25

India, News

Wardwizard Innovations & Mobility Limited reported its financial performance for Q1 FY25, ending in June 2024. The company’s revenue increased to Rs 489.68 million, a 29.23 per cent year-on-year growth. Standalone total revenues rose from Rs 378.93 million in the same quarter of the previous year, while EBITDA jumped 60.13 per cent to Rs 76.48 million, with an EBITDA margin of 15.62 per cent, up by 302 basis points. The profit after tax (PAT) was…

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Hydropower: Achieving Global Renewable Energy Targets

Analysis, Features

At the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) in Dubai, global governments pledged to triple renewable generation capacity from 3.8 TW in 2022 to 11.2 TW by 2030. This increase in variable renewables poses grid security and flexibility challenges. Hydropower, among low-carbon options, is the most versatile and cost-effective solution for grid stability. Its key strengths are flexibility and resilience, complementing variable renewables with services ranging…

Global

News Subsections News India Global Cadeler secures turbine installation contract fir UK’s EA 2 wind farm November 7, 2024 Cadeler has signed firm contracts for transporting and installing 64 offshore wind turbines, each with a capacity of 15 MW, along with their foundations for the East Anglia 2 (EA2) wind farm, a 960 MW project in the UK.  The contract value for… E2E Energy and Novus Earth to develop geothermal project in Canada November 7,…