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.
Denne historien er fra December 14, 2024-utgaven av Financial Express Chennai.
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Denne historien er fra December 14, 2024-utgaven av Financial Express Chennai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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More Indians looking to fly biz class this holiday season
The number of Indians eyeing to fly business class has seen a sharp uptick this holiday season compared to last year. While the trend is more pronounced in international travel, travel agents and online platforms suggest that it is also emerging on many domestic routes.
Porsche billionaires are in a tight spot, again
PORSCHE AUTOMOBIL HOLDING SE sure knows how to do drama. Last week, the listed holding of the Porsche and Piech families warned it may have to book up to €22 billion ($23 billion) of impairments amid a decline in the market value of its 31.9% stake in Volkswagen AG and 12.5% economic interest in the Porsche AG automaker.
Q2 a blip, growth to pick up again: FM
The economic growth slowdown in the second quarter of the current financial year was a blip due to a slower pace of spending, but the coming quarters will likely see healthy growth, finance minister Nirmala Sitharaman said on Tuesday.
Markets slump over 1%
● Investors' wealth down ₹4.92 lakh cr
EPFO weighs higher equity investments
● Labour ministry panel to look at ways to raise exposure
Indian firms turn to euro, yen swaps to trim borrowing cost
INDIAN FIRMS ARE opting for cross-currency swaps to convert part of their debt into the euro or the Japanese yen in order to trim borrowing costs, said bankers.
IIT-Madras to offer fine arts, culture courses
In a first for Indian Institutes of Technology (IITs), IIT-Madras on Tuesday said it would offer two supernumerary seats in each undergraduate programme to students who have achieved excellence in fine arts and culture, starting from the upcoming academic session.
The world's busiest airline routes in 2024 are largely in Asia
Leisure continues to outshine corporate trips
Not even 2% work-linked higher education courses yet: Report
EDUCATION-INDUSTRY MISMATCH
KYC masking to go live on Jan 20
DEADLINE EXTENDED; BIG RELIEF TO BANKS & FINTECHS
