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AI development to boost energy demand at data centres
AI development to boost energy demand at data centres
The technology will comprise 85% of the energy demand growth until 2026.
ReNew’s net profit rebounds to $50m in FY 2024
It has a total portfolio of 13.5 gigawatts.
Four key areas to address to accelerate renewable energy growth
Around $10t in investment is needed to triple the renewables capacity by 2030.
Maruti Suzuki opens first biogas plant at Manesar facility
It also earmarked US$54m (INR450 crore) for renewable energy expansion.
Queensland to invest $26b in renewable energy over the next four years
Around $8.69b (A$13b) will be delivered in 2024-2025.
Sembcorp and Bloom Energy to produce low-carbon electricity in Singapore
This is in line with the city-state’s Green Data Centre Roadmap.
Singapore partner with US and Vietnam to boost cross-border electricity trade
This will focus on knowledge sharing and capacity building amongst others.
Global clean energy investments to reach $2t in 2024
Emerging and developing markets, however, remain underfunded.
China to exceed green hydrogen goals ahead of schedule
Its projected new installed capacity in 2024 will generate 220,000 tpa of green hydrogen.
QatarEnergy and CPC sign 27-year LNG supply deal
They will also partner for the North Field East LNG expansion project.
ACEN Corporation commits $148.4m to Giga Ace 8
It subscribed to more shares of Giga Ace 8 to fund its solar project.
India maintains sufficient coal stock at thermal power plants amidst high demand
It has enough coal stock for 19 days.
First Gen needs $9b to boost RE capacity
The company has to increase its capacity by almost four times to reach 13 GW by 2030.
IEEFA calls for stricter regulations as $1.8b supernormal profits burden consumers
This was driven by under-forecasting which was left unchecked for years.
EMA and KOGAS ink deal on liquefied natural gas collaboration
They will share best practices and knowledge on procurement and supply management.
EGAT and MHI partner for hydrogen-natural gas blending in power generation
This will also support Thailand’s goal to reach net zero emissions by 2065.
Alternergy raises $340.7m funding for RE projects
It is developing two wind farms and a solar farm that are targeted to start by 2025.
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