Analysts with Fitch Solutions call India and Germany the outperforming solar markets till 2031 While India will add over 90 GW new PV capacity between 2022 and 2031, Germany is likely to install 72 GW more by forecast year Saudi Arabia is expected to grow its aggregate solar capacity by 2031 to over 5.6 GW, […]
Fitch Solutions says new climate target poses upside risks to outlook for renewable growth – EQ Mag Pro
Fitch Solutions on Thursday said the new climate targets announced at the COP26 summit by Prime minister Narendra Modi pose an upside risk to its outlook for renewable growth in the country. With the new targets, it expected to see attempts to alleviate the issues regarding supply chains, manufacturing and project development that have long […]
Myanmar Junta’s Solar Tender Unlikely to Rejuvenate Foreign Investment
Fitch Solutions believes that the Myanmar military government’s solar project push, the first attempt at stimulating foreign investment since the coup, will not succeed and will do little to turn the gloomy economic situation around. Myanmar Times newspaper with the headline ‘State of Emergency’ among other newspapers for sale are seen on display a day […]
Near-Term Headwinds To Weigh On India’s Power And Renewables Growth: Fitch
Near-term headwinds to weigh on India’s power and renewables growth: Fitch Singapore: India’s power consumption and generation are likely to contract by 6.6 per cent and 6.8 per cent respectively, and for capacity to grow by only 2.7 per cent this year, according to Fitch Solutions. “Our initial forecasts accounted for a slight recovery in […]
Proposed carbon tax waiver on coal may pose risks to India’s renewables growth: Fitch
Fitch Solutions on Monday said that the centre’s proposed carbon tax waiver on coal may pose substantial downside risks to India’s renewable sector growth. In a bid to alleviate significant debt levels in the power industry, India has proposed to waive carbon taxes on coal (Rs 400 rupees/tonne), it said. This comes at a time […]
India to install 54.7 GW wind energy capacity by 2022: Fitch Solutions
Ministry of New and Renewable Energy, Wind Energy, Fitch SolutionsIndia is likely to install 54.7 GW of wind capacity by 2022 against the 60-GW target set by the government, Fitch Solutions Macro Research has said in a report. The country has set an ambitious target of installing 175 GW of renewable energy capacity by the […]