News

Global geothermal investment is set to grow 20% a year to 2030

On a dollars-per-watt basis, Rystad estimates district heating costs at roughly US$3 per watt.

India issues 1,870 MW renewable energy tenders in November

Major investments fuel hybrid projects and battery storage, stabilising India's grid.

Sri Lanka secures $100m loan for power sector reform

Unbundling the CEB boosts financial sustainability and opens the door for renewables.

Solar profitability rises 9% in Southeast Asia with battery integration

Stable policies and foreign investment are vital to unlock the region's solar potential.

ADB approves $650m loan to accelerate India's solar deployment

Policy reforms and loans will remove financial barriers to solar installation.

Global hydrogen fuel cells market forecasts 8.3% annual growth

Some factors that will drive the growth are energy transition efforts and net-zero goals.

REDC acquires 95% stake in Maramag Hydropower project

REDC expands Mindanao hydropower efforts with second Pulangi River acquisition.

Australia invests $151m to reduce solar import reliance

This will help expand the state’s supply chain capabilities.

Smart micro hydropower market reaches $2.456b by 2032

In APAC, the market is seen to grow 6.4% annually to 2031.

Global geothermal market to breach $10b by 2032

APAC accounts for the biggest share, thanks to its abundant reserves.

South Korea needs accelerated renewables as carbon risks threaten exporters: report

The think tank estimated that CBAM certificates could cost Korean chipmakers about $588m between 2026 and 2034,

Clean energy outpaced fossil fuel investments in 2024, IRENA says

Combined investment in clean energy technology amounted to an estimated $1.19t.

Global power grid investment reaches US$359b in 2024: report

But it fell short of the USD671b annual investments needed to be reached between 2025 and 2030, IRENA said.

NexGen Energy secures 1.7 GW of wind energy deals in PH

The projects represent $2.5b in prospective investment.

India’s installed power capacity hits 5.05 Lakh MW

Non-fossil fuel sources dominated the total capacity.