Staff Reporter
Pakistan's energy and economic woes intensify as blackouts reveal deep-rooted issues
Pakistan's energy and economic woes intensify as blackouts reveal deep-rooted issues
Recent events could cost Pakistan its textile contracts, accounting for 8.5% of its gross domestic product.
About $44t needed by 2030 for a successful energy transition: report
Investment of around $35t should be allotted for transition technologies.
Power grid expansion to drive copper demand: report
Power grids are projected to be the top consumers of copper amongst energy transition technologies.
India develops 29% of its hydropower potential
A total of 10.3% are under construction.
China will remain as largest wind market: report
It will add 70GW to 80GW annually until 2030.
Around 680GW wind energy capacity to be installed by 2027: report
Policy changes are needed to prevent supply bottlenecks by 2026.
Sembcorp terminates solar energy, battery project in Indonesia
The agreement was signed with PT PLN Batam and PT Trisurya Mitra Bersama.
At least $21.4t power grid investment needed by 2050: Report
This is in line pursuit of net zero targets across the globe.
Rooftop solar powers more Australian houses than coal
Rooftop solar systems provided 14% of Australia’s electricity needs during the summer.
Bundelkhand’s 8 solar park projects get green light
The solar parks have a total capacity of 4,995 megawatts.
Philippines’ First Gen posts 5% recurring net income growth
Its net income stood at US$265m.
Asia accounts for over half of new RE capacity in 2022
China led the growth with the addition of 141GW during the period.
Middle East posts record-high RE growth in 2022
Its capacity rose by 12.8% last year.
ADB, SAEL Industries partner to develop biomass energy in India
The loan agreement amounts to $91m.
Consortium formed to develop floating offshore wind in New South Wales
The projects are planned to be developed in Hunter and Illawarra regions.
Solar PV Power secures funding for 10MW project in Malaysia
The project is expected to start operations in the second quarter of 2023.
JERA to acquire Belgium’s largest offshore wind platform
Parkwind NV has a total capacity of 771 megawatts.
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1. Middle East conflict deals $25b blow to energy infrastructure 2. RATCH Group’s Nava Nakorn expansion starts commercial operations 3. APAC dominates turbine market as OECD curbs coal installs 4. Biggest private microgrid initiative in PH kicks off across 24 locations 5. Strait of Hormuz disruptions sink energy transits by 95%, report saysResource Center
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The firm achieved recognition for initiatives addressing critical water access in Bali, reforestation in West Java, and sustainable supply systems in East Java.
Commentary
Supply chain efficiency, skilled manpower are key for India’s renewable energy