A new wave in solar technology
Financial Express Kolkata|December 14, 2024
India topped the global charts in solar PV capacity via auctions, with a notable auction price of $34/MWh
AJAY MATHUR SABA KALAM
A new wave in solar technology

ONCE VIEWED AS prohibitively expensive and technologically limited, solar energy now stands as one of the most affordable and efficient forms of energy generation worldwide. From a nascent 1.22 GW in 2000, the world's solar capacity has surged to an impressive 1,419 GW in 2023, charting a CAGR of about 36%. Today, solar capacity represents a staggering three-quarters of all renewable capacity additions worldwide. This remarkable growth is primarily due to relentless advancements in solar technology, cost reductions, efficient solar cells, and investors prioritizing investment in solar energy.

New age solar technologies: We are now seeing a leap in innovative solar technologies. Quantum dot solar cells have achieved a record-breaking efficiency of 18.1%, offering a promising approach to enhance solar energy capture and power atmospheric water harvesting technologies. Researchers are creating self-healing solar panels to extend the lifespan and reduce the maintenance of existing solar cell technologies. The solar sector is now also increasingly prioritizing recycling end-of-life panels and implementing circular economy practices to minimize environmental impact, with new processes recovering up to 96% of panel materials.

هذه القصة مأخوذة من طبعة December 14, 2024 من Financial Express Kolkata.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 14, 2024 من Financial Express Kolkata.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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Financial Express Kolkata

Shriram Group arm raises $1.28-bn loan

SHRIRAM FINANCE (SFL), the flagship company of the Shriram Group, raised $1.277 billion in multiple currencies, including dollar, euro and dirham (AED), through an external commercial borrowing (ECB) loan transaction.

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1 min  |
December 19, 2024
Financial Express Kolkata

Indices extend losing streak for third consecutive session

BENCHMARK INDICES FELL up to 0.62%, continuing their losing streak for the third straight session, as investors remained cautious ahead of the US Federal Reserve meeting outcome.

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December 19, 2024
Financial Express Kolkata

Rupee moves closer to 85/$

ON A SLIPPERY TRACK

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2 mins  |
December 19, 2024
Financial Express Kolkata

Offshore instruments rule adds to compliance burden for FPIs: Experts

● Negligible trades with derivatives as underlying assets in last three years

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December 19, 2024
Financial Express Kolkata

Mobikwik debuts at 58% premium; ends opening day with 90% gains

● Vishal Mega Mart sees over 40% gains in opening trade

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1 min  |
December 19, 2024
Financial Express Kolkata

New chapter: LEAD Group eyes premium schools

WESTBRIDGE CAPITAL-BACKED edtech unicorn LEAD Group has unveiled Pinnacle, a digital curriculum solution targeting high-fee schools, marking its shift from affordable institutions.

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1 min  |
December 19, 2024
Financial Express Kolkata

Country Delight starts 10-15 minute delivery

DIRECT-TO-CONSUMER dairy and daily essentials brand Country Delight has become the latest entrant to the 10-15 minute delivery space.

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1 min  |
December 19, 2024
Financial Express Kolkata

Infosys inaugurates ₹426-cr development centre in Bengal

INFOSYS, THE COUNTRY'S second-largest IT services firm, on Wednesday inaugurated a state-of-the-art development centre in New Town, Kolkata, marking a major milestone in West Bengal's IT growth story.

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December 19, 2024
Financial Express Kolkata

Subsea cables: Big Tech may get govt support

● Focus now on establishing repair & maintenance infra

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2 mins  |
December 19, 2024
Financial Express Kolkata

Rental housing norms for factory workers this week

TO SUPPORT WORKERS' productivity for manufacturing growth, the Centre will unveil later this week the framework for affordable rental housing for industrial workers under a public-private partnership (PPP) model with likely viability gap funding (VGF) of around 40% of the project cost to private concessionaires, sources told FE.

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December 19, 2024