APAC
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Renewables capacity to reach 4,500GW in 2024
This is equal to the total power output of China and the US.
APAC battery investments up 27% YoY in 2022
Battery investments in the region will triple in 2023.
Global battery storage investment exceeds $20b in 2022
The US, China, and Europe comprised 90% of the total investment.
APAC may struggle to find funding for oil and gas sector
This comes as more financial institutions commit less funding for fossil fuels.
Clean energy investment to rise to US$1.7t in 2023: IEA
This includes funding for renewables, EVs, nuclear power, grids, and storage.
Executives expect net-zero carbon emissions by 2057: report
To attain this, investments need to increase to $4t by 2030.
APAC to lead floating solar demand
China will have the highest installed capacity globally by 2031 at 13.8GW.
Global floating solar to exceed 6GW by 2031
The sector is expected to grow by 15% annually until 2031.
Octopus Energy to invest $1.9b in APAC energy sector
Around $1.2b will be dedicated to the region’s solar and wind generation.
Renewables share in APAC’s electricity generation reaches 11%: report
This is behind the global figure of 12%.
How can markets ramp up nuclear power deployment?
Nuclear power deployment is being held up by high costs.
High cost hinder uptake of nuclear, small modular reactors: report
Nuclear capacity is poised to increase by 280GW by 2050.
Nuclear power’s share in APAC’s power generation to grow to 8% in 2050: report
It accounted for only 5% of APAC’s power generation in 2021.
Can voluntary carbon markets accelerate decarbonisation in Asia?
Asia has a powerful climate financing challenge. Taking the power sector for example, the region is projected to consume half the world’s electricity by 2025, and whilst growing renewable energy adoption offers encouraging signs of transition, the reality is that significant additional financing is required to deliver a net-zero power landscape.
Masdar, IRENA to launch roadmap to triple RE capacity by 2030
They will set up an outline of global targets for renewable energy.
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1. Sembcorp inks 2 long-term PPA with Equinix 2. Philippines expects over 4,000 MW of power projects to begin operations this year 3. Singapore awards PacificLight Power contract for fast start generating units 4. China's carbon market tightening to boost RE demand 5. Ørsted launches Asia's largest offshore wind farm in TaiwanResource Center
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Most Read
1. Sembcorp inks 2 long-term PPA with Equinix 2. Philippines expects over 4,000 MW of power projects to begin operations this year 3. Singapore awards PacificLight Power contract for fast start generating units 4. China's carbon market tightening to boost RE demand 5. Ørsted launches Asia's largest offshore wind farm in TaiwanAwards
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