China Leads in Renewables China has emerged as the leader in the development of renewable energy and by the year 2017, China’s wind and solar power capacity reached 168 GW and 130GW respectively, generating 5.3 percent of China’s electricity supply. Correspondingly in photovoltaic (PV) technology the price of PV modules decreased from about 30 Yuan
Floating Solar Panels Reduce Evaporation in Saudi Arabia Oasis Floating solar panels are eulogised as a remarkable innovation in the realm of renewable energy and water conservation and as a replacement for fossil fuel. By harnessing solar power on water reservoirs , lakes, and protected harbour areas these installations generate clean energy as well as
Bleak Future of Offshore Turbines Soaring inflation, rising energy costs and global temperatures have demolished any vision of achieving electricity generation of 70 % through renewable energy sources by the 2030's whether in the US or EU. Vested stakeholders within the US and EU underestimated the market of offshore turbines being rudely jolted by these
Random Musings on Economy Part - I Curse of Banking Spread In the year 2008 the banking spread or rate difference between what banks pay as interests to depositors and what they charge on loans to business was 7.05 % which was the highest in the world . The banking spread in the US at
Net Zero Emissions Scenario by 2050 A study by the Center on Global Energy Policy reveals that the production , processing and supply of critical minerals may not align with the rapid rise in conversion of internal combustion engines in electrically powered vehicles (EV's) and usage of electrically powered batteries in vehicles . Additionally the
Credit Greentech Media Whether it’s a wind turbine or a solar panel or nuclear power plant fossil fuel powers its manufacturing , mining, processing, transportation and installation. In the next decade Fossil fuels will remain irreplaceable and no renewable energy miracle is around the corner. Developing countries need to be cautious in transiting from fossil
