APAC

Specifically, offshore wind is showing a promising growth potential.

APAC will lead this growth.

Meanwhile, the sector’s venture capital funding surged.

China led new installations.

M&A activity also decreased.

Indian and Indonesian execs want more capital in RE despite their massive local coal sectors.

Guess what will drive this increase.

This uncertainty leads to higher costs for companies.

Guess what will be the major driver of this increase.

GWEC emphasised that there is no need for restrictive policies for localisation.

However, progress remains short of the 2030 tripling goal.

Worldwide coal fleet saw a marginal increase of less than 1% last year.

The global energy innovation landscape, whilst offering a wide array of promising new technologies, is facing uncertainty, according to International Energy Agency’s The State of Energy Innovation report.

Advanced gas turbine technologies are accelerating the shift towards efficiency and flexibility.

Thanks to a record wave of lease auctions.

These two regions should cooperate to meet capacity goals.