Solar energy capacity addition is set to expand 125 per cent globally over the next decade as countries switch from fossil fuels to greener alternatives, according to a study by Fitch Solutions.
Solar energy is expected to take up a 6 per cent share of global electricity generation by 2029, an increase from 2.7 per cent at the end of last year.
A net total of 734 gigawatts of solar power capacity is likely to be added by the end of 2029, with installed solar generation capacity set to grow to 1,321.8GW, up from 587.5GW in 2019.
"Growth in emerging markets will also support our positive global solar outlook. We forecast 36 markets will add more than 1GW of solar capacity over the coming decade, with 48 markets expected to add over 500 megawatts and 72 markets expected to add at least 100MW,” Fitch Solutions said.
Decarbonisation of the global energy system away from fossil fuels to renewables could generate $98 trillion (Dh360tn) in cumulative growth between now and 2050, adding an extra 2.4 per cent to gross domestic product, the Abu Dhabi-based International Renewable Energy Agency said in an April report.
China will remain the single biggest individual market driving solar power generation, with 285.7GW of capacity addition expected over the next decade, just short of 40 per cent of the total, according to Fitch Solutions.
Beijing added 4GW of solar capacity in the first quarter of the year, according to official data. This was despite the Covid-19 pandemic, which prompted strict lockdowns across China, bringing factory activity to a standstill.
The US and India are also expected to drive growth in the sector, with 110.4GW and 84.4GW of capacity additions respectively, over the next decade.
India selected bidders for the world’s largest solar tender – a 12GW mega-scheme – on Tuesday as it looks to phase out reliance on fossil fuels, particularly coal. Both India and China are increasingly using gas as a cleaner alternative as they switch to renewables. Burning coal has resulted in smoggy skies and high pollution levels in metropolises in both countries, raising public health concerns.
Meanwhile, Colombia will emerge as a "net growth outperformer” among developing markets, Fitch Solutions said.
“We foresee the country's total solar capacity rising from 332MW by end-2019 to just under 1,500MW in 2029. We note significant upside risk in Colombia’s market as more than 12GW of potential solar projects have been registered with the government since early 2019, and have designated the country as our ‘market to watch’ this quarter,” the research company said.
Across Europe, Spain, France, Germany and Italy will be the main growth drivers, with each market estimated to add between 12GW and 24GW of capacity over the next decade.
Technological improvements in solar panel equipment will also continue to drive the cost of generation lower, the report said.
Miss Granny
Director: Joyce Bernal
Starring: Sarah Geronimo, James Reid, Xian Lim, Nova Villa
3/5
(Tagalog with Eng/Ar subtitles)
UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
From Europe to the Middle East, economic success brings wealth - and lifestyle diseases
A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.
One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait, Qatar and Oman – and second on the list in Bahrain.
In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.
The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.
And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.
KILLING OF QASSEM SULEIMANI
Day 1 results:
Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)
Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)
Mohammed bin Zayed Majlis
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
500 People from Gaza enter France
115 Special programme for artists
25 Evacuation of injured and sick
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
KILLING OF QASSEM SULEIMANI
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
UAE currency: the story behind the money in your pockets
LAST 16 DRAW
Borussia Dortmund v PSG
Real Madrid v Manchester City
Atalanta v Valencia
Atletico Madrid v Liverpool
Chelsea v Bayern Munich
Lyon v Juventus
Tottenham v Leipzig
Napoli v Barcelona
UAE currency: the story behind the money in your pockets
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The biog
Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball
Killing of Qassem Suleimani
Asia Cup Qualifier
Final
UAE v Hong Kong
TV:
Live on OSN Cricket HD. Coverage starts at 5.30am
More on Quran memorisation:
The biog
Family: He is the youngest of five brothers, of whom two are dentists.
Celebrities he worked on: Fabio Canavaro, Lojain Omran, RedOne, Saber Al Rabai.
Where he works: Liberty Dental Clinic
The specs: 2018 Audi Q5/SQ5
Price, base: Dh183,900 / Dh249,000
Engine: 2.0L, turbocharged in-line four-cylinder / 3.0L, turbocharged V6
Gearbox: Seven-speed automatic / Eight-speed automatic
Power: 252hp @ 5,000rpm / 354hp @ 5,400rpm
Torque: 370Nm @ 1,600rpm / 500Nm @ 1,370rpm
Fuel economy: combined 7.2L / 100km / 8.3L / 100km
