Staff Reporter
IESA, Korea partner to promote energy storage in India, South Korea
IESA, Korea partner to promote energy storage in India, South Korea
The MoU will take effect for three years.
RE adoption to accelerate due to gas market volatility
Asia is expected to generate 831TWh of gas-fired power over the decade.
Global coal generation seen to rapidly decline over the decade
Asia is the only region that will post growth in coal generation.
Singapore's EMA extends energy security measures until March 2023
These include the Temporary Electricity Contracting Support Scheme.
IRENA’s energy transition finance platform gets $400m in funding
The platform targets to deploy 1.5W of new renewable power across developing countries by 2030.
‘Vast potential’ seen in Saudi Arabia’s solar power sector: report
But, Fitch forecasts its capacity growth will only go over 5.1GW between 2022 and 2031.
India remains world’s ‘outperformer’ in solar power: report
The market is slated to bring some 90GW of new solar capacity by 2031.
Athena Energy brings largest rooftop solar project to Vietnam
The project consist of 47,554 solar panels.
ReNew Power’s net loss reaches $213m in FY22
This included the $174m charges related to the Nasdaq Stock Market listing.
Low carbon hydrogen demand likely to grow over 600Mt in 2050: report
This is up from the current 1Mt.
Israel signs deal to export natural gas to EU
The MoU also require the parties to reduce emissions.
World may reach net-zero by 2057: report
More than 1,000 executives expect to cut emissions by 28% by 2030.
Asia leads race in biomass power: Fitch
The region is projected to produce 29.3GW of biomass power capacity between 2021-2030.
Adani, TotalEnergies to develop largest green hydrogen ecosystem
Adani New Industries plan to invest over US$50b in the next ten years.
India needs up to $250b investment to reach 2030 RE goals: Moody’s
The county targets a 500GW renewable energy capacity by 2030.
Private firms eclipse the growth of the Philippines' solar power industry
Solar Philippines flagged the lack of foresight amongst businesses to meet high demand.
PETRONAS, Microsoft partner to develop 100MW solar project
The partnership also covers the development of the first Digital Sustainability Core.
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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