RECAI provides an overall score for all renewable energy technologies such as Wind energy technology comprising onshore wind index and offshore wind index, Solar energy technology comprising solar photovoltaic and concentrated solar power, Biomass and other technologies.
RECAI was established by Ernst & Young in the year 2003. It scores 40 countries on the attractiveness of their renewable energy markets, energy infrastructure and the suitability for individual technologies
This quarter, US is on first position in this index followed by China, Germany, Australia and UK.
Despite a fall in the index, India is still a host spot for solar energy investment in recent years. In addition, government of India is working towards strengthening electricity sector.
The Electricity Act passed in May 2003 provided impetus for far reaching changes in the electricity sector in India. Generation, distribution and transmission sectors were segregated into different businesses. Electricity regulatory commissions were formed at the Central and State level to form regulations and resolve the disputes. All these activities resulted in a more suitable environment for the growing Renewable energy sector. As a result of encouraging polices for this sector, it is growing rapidly. The share of renewable energy in India’s total energy mix is 1%, 6% and 12% in year 2002, 2007 and 2012 respectively. (Read more here)
Read more about RECAI here
Did you know that cinnamon comes from the inner bark of a tree? Yep! When it’s first harvested, it’s a light color, but as it…
Regenerative agriculture is an approach to farming that focuses on restoring soil health, enhancing biodiversity, and improving ecosystem functions. Unlike conventional farming, which often depletes…
Natural coral reefs and underwater habitats have been damaged by pollution, overfishing, and climate change. To help restore marine life, people create artificial reefs using…
As the world continues to transition toward cleaner energy sources, the need for systems that can track, certify, and validate the renewable origin of electricity…
The carbon that marine ecosystems absorb and store is known as "blue carbon." The well-known idea of "green carbon," which describes the carbon retained by…
Introduction Soil testing is a crucial practice in modern agriculture. It assesses soil health, nutrient levels, and pH balance, enabling farmers to make informed decisions…