Power Utility
Global RE capacity addition up 50% YoY in 2023
China saw the largest growth in renewable energy.
China’s solar production costs down 42%
The Asian manufacturing powerhouse holds 80% of the global manufacturing capacity.
India accelerates energy storage systems addition
Around 60% of the over 8 GW of tenders were awarded in 2023.
APAC electricity consumption to grow around 3.8% annually until 2032
Emerging markets are seeing a rise in electrification and urbanisation.
Renewables lead APAC power project pipeline
Around 250 projects were added to the pipeline in the fourth quarter of 2023.
Taiwan changes dispatch model for stable supply
The move comes as the market's renewable capacity increases.
Improved Philippine power grid will improve energy access: AboitizPower
Electricity demand is expected to grow 6.6% yearly until 2040.
Masdar amassed 1.4 GW of clean energy projects to the Uzbekistan national grid
The major energy producer has also inked a deal to develop a 2 GW wind farm.
JERA starts operations of Yokosuka coal-fired power station
The coal-fired power station has a generating capacity of approximately 650 MW.
Bangladesh can save $1b with a 2,000 MW rooftop solar capacity
A heavy awareness and promotion of rooftop solar capacity is needed for the country.
West moves to ‘level the playing field’ in China-dominated clean energy supply chain
China’s investment reached $140b in 2023, higher than the rest of the world’s $20b.
NTPC gains fastest-ever 300 billion units generation
The record is accomplished in 262 days, 18 days less than last year’s.
World needs to triple RE capacity and double energy efficiency
The IRENA said energy transition would require up to $44t investments to ramp up renewables by 2030.
Implementing Indonesia’s JETP plan requires prioritisation, processes, and transparency
In November 2022, the Indonesian government and the multi-government International Partners Group (IPG) announced the US$20 billion Indonesia Just...
Tuas Power sets eyes for a higher benchmark on energy transformation
The power and utility firm is aligning with Singapore’s net-zero goal by 2050.
Tuas Power diversifies business for Singapore’s energy transition
The country’s sole operator of a coal/biomass cogeneration plant will rely on the use of more biomass and renewable energy imports for decarbonisation...
‘Complex’ APAC region needs to collaborate for an effective carbon market
The global carbon market could reach $10b to $40b by 2030.
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1. Malaysia launches platform for RE cross-border sale to Singapore 2. ASEAN could save $800b in decarbonisation costs with regional cooperation 3. JERA and ReNew to collaborate on green ammonia production project 4. Chinese IPPs’ debts to grow 9.3% for clean energy investments 5. Australia launches largest renewable energy tenderResource Center
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The awards programmes are accepting nominations until 19 July 2024.
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1. Malaysia launches platform for RE cross-border sale to Singapore 2. ASEAN could save $800b in decarbonisation costs with regional cooperation 3. JERA and ReNew to collaborate on green ammonia production project 4. Chinese IPPs’ debts to grow 9.3% for clean energy investments 5. Australia launches largest renewable energy tenderAwards
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