his World Energy Transitions Outlook brief provides the latest tracking data and analysis of global progress towards the goal to triple global renewable power capacity by 2030.

This report proposes a comprehensive classification of energy sources and products to address the lack of standardised global energy statistics – an issue that continues to undermine effective policy-making and international collaboration in the context of the energy transition.

Clean energy is growing rapidly, as annual deployment of a number of key technologies has surged ahead in recent years driven by policy support and continued cost declines. Their growth is starting to make a dent on emissions and reshape energy markets.

India’s wind and solar energy capacity is expected to increase from just over a quarter of the total installed electricity generation capacity in 2024 and to about half by 2030. Demand-side management (DSM) measures can help cost-effectively integrate such variable renewable energy (VRE) resources while maintaining supply reliability.

The Ministry of New and Renewable Energy (MNRE) has unveiled the draft design specifications for Solar Cold Storage (SCS), setting the stage for public feedback and stakeholder engagement.

The Central Government has amended the rules regarding late payment surcharges in the power sector. These amendments likely aim to address issues related to delayed payments by DISCOMs to power generators. The amendments now allow long-term power generators to sell power in the short-term market.

The Delhi Electricity Regulatory Commission (DERC) has released directives for peer-to-peer energy transactions, with the objective of encouraging the adoption of renewable energy and creating supplementary income opportunities for consumers.

Since February 2022, geopolitical events have made clear Europe’s need to diversify its energy sources and avoid excessive dependence on fossil fuel imports. The drop in Russian natural gas flows to Europe in 2022 marked the single largest supply shock in the history of global gas markets.

The Government of India has approved amendments to the Electricity (Rights of Consumers) Rules, 2020.

The Government of Gujarat on 21st February, 2024 published a notification on the Gujarat Electricity Regulatory Commission’s (GERC) regulations for Green Energy Open Access (GEOA) in the state of Gujarat.