New Delhi (NVI): Asia will continue to lead global solar PV (photovoltaic) installations, with 65% of the total capacity installed by 2030, according to International Renewable Agency (IRENA).
Among the world’s regions, Asia is poised to dominate global solar PV installations in the Renewable Energy map (REmap) scenario, followed by North America and Europe, according to a paper published by IRENA.
Asia would continue to dominate solar PV use, with over 50% of installed capacity, followed by North America (20%) and Europe (10%), shows the analysis.
The report says that Solar PV power generation is witnessing a steady rise which forms a vital part of global energy transformation. Reducing carbon dioxide (CO2) emissions is at the heart of the world’s accelerating shift from climate-damaging fossil fuels towards clean, renewable forms of energy, the analysis says.
The research paper — “Future of solar photovoltaic: Deployment, investment, technology, grid integration and socio-economic aspects” — follows the REmap (Renewable Energy) case outlined in IRENA’s Global Energy Transformation roadmap, which highlights ways to step up the energy transformation over the next three decades in contrast to current plans.
The IRENA analysis presents options to speed up deployment and fully unlock the world’s vast solar PV potential over the period until 2050. It highlights the growth needed in solar PV to achieve climate goals. It also offers insights on cost reduction, technology trends and the need to prepare electricity grids for rising shares of solar PV.
The report also states that in addition to fulfilling the Paris Agreement, renewables are crucial to reduce air pollution, improve health and well-being, and provide affordable energy access worldwide.
India is also among the major players in Asia that are focussing on clean, renewable energy to tackle air pollution. In the latest Budget, the stakeholders from the solar industry broadly welcomed the Narendra Modi led NDA government’s Union Budget 2020, which gave attention to the power and renewable energy sector.
India currently has a domestic manufacturing capacity of 3 gigawatts (GW) for solar cells and imported $2.16 billion worth of solar photovoltaic (PV) cells, panels, and modules in 2018-19.
