APAC
Stonepeak invests in APAC onshore energy wind platform
It will hold 80% in TerraWind Renewables.
Gentrack gains ground on SAP and other legacy solutions
High demand for Gentrack: Utility-specific software is leading the digital revolution towards Net Zero.
Offshore wind capacity in South Korea and Japan to surpass onshore installations
However, their offshore capacity is expected to only exceed 200 MW in 2025.
Disproportionate investments in energy transition favour developed countries
The 120 developing nations only secured 15% of the total investments in renewables.
Global energy transition still off track as renewable investment lags
The world needs to install 1,100 GW of renewables yearly by 2030.
Nearly 7 in 10 ENR executives believe AI will transform their operations by 2030
They see it beneficial in improving maintenance and production, amongst others.
ENR executives concerned about energy transition projects’ economic viability
The majority of APAC executives, however, are optimistic about the projects’ contribution.
China leads global wind turbine orders to a record high in 2023
Global wind turbine orders rose by 16 GW year-on-year to reach 155 GW.
Natural hydrogen grows globally as potential major low-carbon energy source: Rystad Energy
Over 40 companies have commenced exploration for natural hydrogen deposits.
Commercial production of white hydrogen unlikely in the short term
Hydrogen is touted as the "ultimate energy source of the 21st century." Significant in promoting sustainable global economic development, it gradually becomes one of the important drivers for global energy transition.
APAC markets turn to rooftop solar, nuclear power to meet RE targets
China and India implemented policy changes to boost their rooftop solar installations.
Global nuclear SMR pipeline reaches 22 GW in Q1 2024
The project pipeline would need a $176b investment.
Government RE tenders to reach 102 GW in 2024
China has so far issued 17 GW in offshore wind bids.
Greenko wins big at Asian Power Awards for performance improvement initiatives
The company took home three accolades from the prestigious awards programme.
Energy transition accelerates globally but stalls from growth risks
Green energy is estimated to dominate global electricity generation by 2038.
Retirement of oil and gas plants needs five times the speed to achieve climate goals
An average of 64 GW from oil and gas needs to be phased out each year until 2035.
Asia to lead grid expansion investments
China will account for 30% of the total investments this year.
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1. Malaysia launches platform for RE cross-border sale to Singapore 2. ASEAN could save $800b in decarbonisation costs with regional cooperation 3. Australia launches largest renewable energy tender 4. Chinese IPPs’ debts to grow 9.3% for clean energy investments 5. REDC to develop 320 MW seawater pumped storage hydropower projectResource Center
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The awards programmes are accepting nominations until 19 July 2024.
The awards programmes are accepting nominations until 19 July 2024.
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1. Malaysia launches platform for RE cross-border sale to Singapore 2. ASEAN could save $800b in decarbonisation costs with regional cooperation 3. Australia launches largest renewable energy tender 4. Chinese IPPs’ debts to grow 9.3% for clean energy investments 5. REDC to develop 320 MW seawater pumped storage hydropower projectAwards
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