Power Utility
BESS gains edge with declining costs
BESS gains edge with declining costs
It costs less compared to pumped-hydro storage and Compressed Air Energy Storage.
Global bioenergy electricity production rises 3.1% to record 697 TWh
China, Brazil, and Japan are the top bioenergy producers.
AboitizPower finalises 15.6% stake acquisition in STEAG State Power
This brings the company’s total equity interest to 85%.
South Korea needs faster offshore wind permitting, says GWEC
It usually takes a decade to complete the permitting processes.
China Huaneng's new energy capacity surpasses 180 million kW
The share of low-carbon and clean energy installed capacity reaches 48.47%.
China leans heavily on fossil fuels for 65% of electricity in 2023
Despite this, the country also led in solar and wind energy generation.
Global nuclear generation up 1.8% in 2023, led by US and China
Japan saw the fastest growth in nuclear share as it resumed operations of reactors.
Bangladesh's energy efficiency boost may save $460M in LNG costs
Gas-fired power plants with low efficiency use more gas annually.
CLP Power's Q1 electricity sales rise 3.7% YoY
The commercial segment held a 40% share in the 7,279 GWh total sales.
Tata Power achieves record profit of $512.5m in FY2024
Thanks to the strong performance of its core businesses.
AboitizPower’s net income rises 4% YoY in Q1
The company increased its capital expenditure this year by over two-fold.
Australia launches 1.7 GW RE tender in Victoria and Tasmania
This is the country’s largest tender for the month of May.
Hydropower output drops to 5-year low globally
The gap left by hydropower was met by fossil generation.
Renewable energy share in world’s electricity mix surpasses 30%
China is the main contributor as it comprises over half of the wind and solar installations.
ACEN’s net income surges 34% YoY in Q1
The company has reached its 2025 5 GW renewables capacity target during the period.
Pressures mount for less desirable energy insurance placements in the region
Industry experts eye offshore investments as most attractive, yet more expensive.
Will the government pay for coal power exit in Vietnam?
The country’s coal power phase-out strategy sees renewables accounting for 67.7%–71.5% of the energy mix by 2050.
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