APAC

Capacity as of 2023 has reached nearly 1,500 GW.

This is fuelled by investments as countries aim to enhance energy security.

Natural gas will remain a priority.

However, venture capital funding increased by 13% YoY. 

The company’s ALPS and Distribution Smart Grid Automation projects demonstrate DEWA's commitment to providing exceptional energy infrastructure and shaping the future of the energy sector.

Meanwhile, venture capital funding for energy storage firms fell.

These advanced solutions are reshaping energy use in various sectors.

Its Umm Al Hayman Wastewater Treatment Plant won Water Company Excellence Award - Kuwait and Sustainable Water Infrastructure Award - Kuwait.

The company utilises a patented waste conversion technology designed to address the global challenge of municipal solid waste management.

The company took home victories in three major categories, including the Water Company Excellence Award - China.

The company was named the winner for the Battery Storage Project of the Year - Silver and Solar Power Project of the Year - China categories for its exemplary energy storage project. 

The awards programmes honoured excellence across the energy, utilities, and environmental sectors in Asia.

As the demand is expected to increase by 41%, solar and wind offer market opportunities.

Coal would likely remain a major power source amidst rising demand, OPIS says.

The region needs US$2.3t by 2030.

Low-emission energy is forecast to exceed 50% of the world's electricity production by 2030.