India’s solar energy output could match coal-fired power within 20 years, but the country’s clean energy sector may need US$1.4 trillion in additional funding to ensure a “sustainable growth path”.
Following on from our recent piece on what is driving the largest ever wave of manufacturing capacity expansion announcements in the PV industry, a few real-world examples may shine further light on this topic.
According to the International Energy Agency’s Key World Energy Statistics report, just released China continues to be the world’s largest producer of renewable power from wind as well as solar photovoltaics.
Asia’s leading development financier may consider supporting the setting up of PV manufacturing beyond China, in a bid to minimise the reliance on Beijing laid bare by the COVID-19 crisis.
Read more: http://www.wri.org/sites/default/files/powering-cities-in-the-global-south.pdf
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