Tag: energy

ASEAN Power Grid Update: Focus on expanding interconnectivity and regional trade

ASEAN Power Grid Update: Focus on expanding interconnectivity and regional trade

December 16, 2024 | , , ,

With rapid industrialisation and urbanisation, ASEAN’s energy demand is expected to continue increasing until 2050 and beyond. While the region remains dependant on fossil fuels to meet the growing demand, it is focusing on a sustainable transition to low-carbon energy sources along with energy security and economic growth. Renewable energy sources (RES) account for over one third of the region’s installed capacity, which is set to increase to over 39 per cent by 2025, surpassing the 35 per cent target for the year.

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COP29 Energy developments: steps forward, acceleration needed

COP29 Energy developments: steps forward, acceleration needed

November 18, 2024 |

At the end of the first week of COP29, discussions on furthering energy transition goals and delivering the COP28 energy package in negotiations could do with a boost. While there are positive signals, these are largely outside the formal negotiations, and many gaps remain. The global energy transition requires urgent action with clear policies, targets, and a massive scale up of annual investment – to around $4.8tn/year by 2030, reaching $5.3tn/year by 2035 globally.  Within this, Emerging and Developing Economies (EMDEs), excluding China, will need $1.6tn by 2030 and $2.1tn by 2035. Failure to deliver on this will increase the risk of missing our clean energy targets.

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Masdar and KESH form a renewable energy joint venture in Albania

Masdar and KESH form a renewable energy joint venture in Albania

November 14, 2024 | ,

Masdar and Korporata Elektroenergjitike Shqiptare (KESH) have inked a term sheet agreement to explore GW-scale renewable energy projects in Albania. The agreement aims to focus on the development, construction, and operation of solar, wind, and hybrid renewable energy projects along with the potential incorporation of battery storage. The energy produced through the planned projects will be supplied to the Albanian market and also exported to the neighboring countries.

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Electricity demand in Europe: Growing or going?

Electricity demand in Europe: Growing or going?

October 28, 2024 |

New analysis suggests that much of Europe’s anticipated electricity demand growth may not materialize, with important implications for the energy transition and industrial competitiveness. Rising uncertainty surrounding future electricity demand could affect Europe’s energy transition and power infrastructure investment plans. Governments and system operators have projected that power demand in major European countries could increase by as much as 7 percent per year to 2030 after two decades of relative stagnation.

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Building Moldova’s Renewable Energy Infrastructure: Presentation

Building Moldova’s Renewable Energy Infrastructure: Presentation

October 24, 2024 | , ,

The Republic of Moldova is importing almost 100% of fossil energy resources (gas, gasoline, diesel, LPG,…) and about 70% of its electricity demands. To transition towards a carbon-neutral future, the Republic of Moldova should untap its renewable energy potential and invest in renewable energy infrastructure. Over the past years, the Republic of Moldova has shown strong political will to implement energy market reforms as a precondition for energy transition, enhanced energy security and climate change mitigation. Within the Energy Community Treaty, the Republic of Moldova has adopted the core EU energy and environment legislation.

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EIB and Iberdrola ink €120 million energy loan in Spain

EIB and Iberdrola ink €120 million energy loan in Spain

October 23, 2024 | , , , , ,

The European Investment Bank (EIB) has signed a €120 million loan with Iberdrola to support the advancement of energy technology research and innovation, accelerating the electrification and decarbonisation of the economy. The total investment linked to these projects is valued at €250 million. This funding will be directed toward the development of renewable energy technologies, including solar photovoltaic, hydro, and wind power, as well as hybrid and agrovoltaic projects.

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Energy Outlook for EU and Eurasia: IEA

Energy Outlook for EU and Eurasia: IEA

October 21, 2024 | ,

The drive to decarbonise power generation and the impacts of the energy crisis together have brought the cost structures of electricity systems in EUs member states under close scrutiny. Clean energy transitions depend heavily on electrification and expansion of renewables, both of which require significant changes in electricity systems. The diversity of electricity mixes and decarbonisation pathways chosen by the various member states adds to the challenges. Russia plays an outsized role in the energy architecture of the region, but the continuing war between Russia and Ukraine, following Russia’s full-scale invasion in 2022, is shifting priorities and creates huge uncertainty for projections of energy demand and supply.

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Suzlon and Jindal join forces for 400 MW wind power deal in india

Suzlon and Jindal join forces for 400 MW wind power deal in india

October 14, 2024 | , ,

Suzlon Group has received a 400 MW order from JSP Green Wind 1 Private Limited, an SPV of Jindal Renewables Power Private Limited. The project is Jindal group’s debut in the wind energy segment. Suzlon will supply 127 state-of-the-art wind turbine generators (WTGs) with Hybrid Lattice Tubular (HLT) towers, each having a rated capacity of 3.15 MW in the Koppal region of Karnataka.

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Renewable Energy Supply in Australia: Report

Renewable Energy Supply in Australia: Report

September 27, 2024 | , ,

The objective of the National Renewable Energy Supply Chain Action Plan (NRESCAP or Action Plan) is to reduce supply chain risks and address vulnerabilities for priority technologies (onshore wind, solar photovoltaics, and batteries) to ensure delivery of the critical infrastructure needed to achieve the renewable energy target of 82 percent by 2030. Across governments, both medium and long-term government initiatives have been announced.

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Octopus Energy and LONGi join forces for global energy transition

Octopus Energy and LONGi join forces for global energy transition

August 30, 2024 | ,

Octopus Energy Generation and LONGi, have inked an MOU to initiate a new partnership. This agreement aims to help integrate LONGi into Octopus’s preferred supplier list. The two companies plan to finalise a solar panel supply agreement, enabling Octopus to source panels for future solar farm projects, leveraging LONGi’s leading market position.

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Untapped Potential Of Repurposed Energy in US: Report

Untapped Potential Of Repurposed Energy in US: Report

August 16, 2024 | , ,

Energy storage technologies and advanced geothermal energy are making significant progress as well, reducing the concerns associated with the variability of wind and solar energy. The enactment of the IIJA and IRA have already begun to steer hundreds of billions of dollars toward new and existing clean energy technologies, further reducing the cost of renewable energy projects and providing the foundation for a clean energy manufacturing renaissance in the United States. Because of these developments, more than 95% of new energy generation projects under development seeking to connect to regional electricity grids consist of wind, solar, and energy storage projects.

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ACWA Power expands its sustainable energy portfolio in Uzbekistan

ACWA Power expands its sustainable energy portfolio in Uzbekistan

May 19, 2023 |

ACWA Power, a leading developer, investor, and operator of power generation, water desalination, and green hydrogen plants worldwide, has signed two significant agreements during the EBRD 2023 Annual Meeting and Business Forum in Samarkand that took place between May 16 and 18, 2023, marking a major milestone to advance Uzbekistan’s target to decarbonise 35 per cent of its energy sector by 2030.

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Apex and Powin to build two energy storage projects in Texas

Apex and Powin to build two energy storage projects in Texas

May 10, 2023 |

Apex Clean Energy and Powin, the developer of energy storage platforms, have decided to collaborate on the development of two new battery storage projects in Texas. The projects, known as Angelo Storage and Great Kiskadee Storage, will assist grid reliability in the Energy Reliability Council of Texas (ERCOT) market and have a total capacity of 400 MWh. The 195 MW Angelo solar project will be constructed next to Angelo Storage.

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Top Global Renewable Energy Markets

Top Global Renewable Energy Markets

November 28, 2022 |

Governments around the world are accelerating their renewables programs to help reduce their reliance on imported energy, as geopolitical tensions and economic uncertainty continue to make this a volatile and unpredictable time. The report looks at key developments within 10 global markets — from the biggest change to German energy policy since 2017 to new US legislation that could be a game changer for its green hydrogen industry.

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Zenobē to invest $886.5m in energy storage projects in Scotland

Zenobē to invest $886.5m in energy storage projects in Scotland

November 16, 2022 |

Zenobē Energy, a British company that specialises in energy storage, has started building a 1 GW storage facility in Scotland that will require approximately $886.5 million total investment. Blackhillock, Kilmarnock South, and Eccles will be the sites of the three utility-scale battery storage assets.

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Octopus Energy and Nexta to develop renewable assets in Italy

Octopus Energy and Nexta to develop renewable assets in Italy

October 21, 2022 |

Octopus Energy Group, based in the UK, has joined the Italian green energy market through a partnership with Nexta Capital Partners, an Italian renewable developer. By establishing a joint venture, the two firms anticipate constructing 1.1 GW of new onshore wind, solar, and energy capacity in the southern Italian region by 2025.

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International Collaboration for Net Zero in ASEAN

International Collaboration for Net Zero in ASEAN

August 4, 2022 | ,

The brief emphasises the need for international and regional cooperation. International collaboration, combined with financial and technical assistance, is critical in addressing both the challenges and opportunities to support the low carbon energy transition and net zero goals. It can help bridge gaps and strengthen capacities, both financial and human capital, and assist the ASEAN Member States (AMS) in achieving their energy and climate objectives.

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