News

Project

Staff Reporter

, APAC

Published:

9 months ago

Photo by Red Zeppelin from Pexels.

Government RE tenders to reach 102 GW in 2024

China has so far issued 17 GW in offshore wind bids.

Renewable energy tenders for 2024 will reach over 100 gigawatts, with China expected to dominate the issued bids in terms of capacity, according to a Wood Mackenzie report.

Wood Mackenzie said that the offshore wind sector will lead the tenders, comprising over 60 GW, adding that the overall volume will grow and match 2023 levels.

“Government tenders are a primary support scheme for renewable energy deployment across the world,” said Ana Fernandez Garcia, senior research analyst at Wood Mackenzie, and lead author of the report.

ALSO READ: Uzbekistan launches tender for 5 hydropower power projects

“Tenders have increased each year, and Wood Mackenzie expects to see some big rewards in 2024 – the EMEA region will hold more than 50% of expected tenders, mostly for offshore wind capacity," she added.

Fernandez Garcia also added that China will still lead as it currently has announced bids for 17 GW in offshore wind, whilst Germany has issued 25 GW.

Follow the link for more news on

Asia Energy Security

Also Read

India sees record renewable installations under GEOA

Malaysia’s VCI Global to acquire solar farm in North Macedonia

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Costly modules drag India's solar deployment

This has led to a shortfall in the rollout.

2 days ago

Global solar and wind energy capacity to reach new record in 2025

They will be critical in energising emerging sectors such as data centres.

2 days ago

India's offshore wind faces 12-year wait for grid parity

The VGF scheme may not be enough to fill the gap.

2 days ago

India’s VGF scheme enough to fund Indian BESS deployment

The country was urged to accelerate the distribution of funding available.

Lending & Credit

2 days ago

Exclusives

Cambodia urged to rethink its costly LNG ambitions

It should learn from peers who struggle to fuse the costly fuel into their energy systems.

Power Utility

4 days ago

Trump 2.0 could thump India's solar ambition

Its solar companies may need to set up manufacturing plants in the US to bypass tariffs.

4 days ago

Oracle Power in talks for $1.4b financing of hybrid RE plant in Pakistan

The 1.3 GW wind and solar plant may start supplying power to 1.2 million houses by 2028.

Project

Clean power must meet Asian demand amidst fading coal investment

Weaning the region off coal is a challenge, with rising electricity requirements.

Lending & Credit

Event News

Co-Written / Partner Sarawak Energy recognised with five honours at the Asian Power Awards 2024

Malaysia’s largest renewable energy developer received recognition for its digital transformation in power generation and advancements in sustainable hydropower development.