Renewable Energy Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to renewable energy market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Renewable Energy Market News

in Renewable Energy Industry

In May 2024, Correlate Energy Corp. and Energetic Capital partnered. The objective was to work together to provide renewable energy. They will offer services in areas that do not have a lot of resources.
SJVN won a 125 MW Uttar Pradesh solar project in January 2022 through UPNEDA auction. The project has 75 MW grid-connected solar in Jalaun and 50 MW in Kanpur.
Japanese officials want to reduce carbon release by 50% by 2030 and reach carbon neutrality by 2050. For this, Green Power Investment (GPI) selected GE Renewable Energy for the Fukaura Wind Farm in Fukaura Town, Japan, in September 2022.
In December 2022, Amazon unveiled one of its initial wind-solar hybrid projects in India. The projects in Madhya Pradesh and Karnataka provide 300 MW of renewable energy capacity.

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Renewable Energy Market size was valued at USD 1050.3 billion in 2023 and is poised to grow from USD 1226.75 billion in 2024 to USD 4249.12 billion by 2032, growing at a CAGR of 16.8% during the forecast period (2025-2032).

Enel (Italy), NextEra Energy (US), Iberdrola (Spain), EDP Renováveis (Spain), China Three Gorges Corporation (China), Orsted (Denmark), SSE (Scotland), Invenergy (US), Brookfield Renewable Partners (Canada), Canadian Solar (Canada), Acciona (Spain), E.ON (Germany), Engie (France)

Climate change and environmental concerns are highlighting the significance of renewable energy. Nowadays people are becoming more energy conscious and implementing renewable and cleaner energy sources.

Government initiatives and policies are majorly increasing in the global market. Due to increasing investments in wind, solar, and other renewable energy sources, which minimizes reliance on unconventional power plants. The emphasis on minimizing global dependence on coal and other fossil fuels is reducing massively.

The Asia-Pacific region is dominating the renewable energy market. The growing industrialization and urbanization in the region have led to an increase in the pollution levels.

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Renewable Energy Market Updates

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