RENEWCONNECT - All about renewables & power sector

The global energy perspective for 2025, 2030, 2040, 2045, and 2050 is shaped by ambitious targets, advancing technologies, evolving market trends, and policy frameworks aimed at decarbonizing the energy sector and transitioning toward more sustainable systems. Below is a detailed projection for each of these years based on current trends and emerging factors. 2025: Near-Term Shifts and Accelerated Renewable Deployment Renewable Expansion : Solar and wind power are expected to continue their rapid growth, largely due to decreasing costs and supportive policies. Installed capacities of renewables are set to reach new heights as nations move toward their 2030 targets. Energy Storage : By 2025, energy storage solutions, particularly battery storage, are projected to become more mainstream, providing grid stability and supporting intermittent renewable energy. Electrification of Transport : Electric vehicle (EV) adoption will increase, driven by supportive government policies, lower EV cost...

Forecasting: The process of calculating and predicting future events, usually based on extrapolation from the past experience and with varying degrees of uncertainty. Forecasting is an integral part of business decision processes. The energy industry relies on forecasters to forecast load, generation and prices, etc. These forecasts are being used by all segments of the energy industry for planning and operations of both power systems and business entities.  Some of the key topics related to renewable energy (RE) forecasting are as below: 1. Machine Learning Techniques for Renewable Energy Forecasting: Exploring how AI and machine learning algorithms improve the accuracy of renewable energy predictions. 2. Weather Radar Technology for Wind Energy Forecasting: Discussing the use of weather radar data to enhance wind energy forecasting models. 3. Blockchain Applications in Renewable Energy Forecasting: Exploring how blockchain technology can improve transparency and efficiency in RE ...