In Focus
China to double wind, solar capacity by 2025
It would exceed the 1,200GW 2030 target ahead of time.
China to double wind, solar capacity by 2025
It would exceed the 1,200GW 2030 target ahead of time.
G7 calls for faster fossil fuel phase-out, but sets no deadline
The G7’s push for faster decarbonisation includes ending subsidies for coal power, and supporting cleaner energy technologies.
New battery storage capacity to grow over 400GWh annually by 2030
Rystad Energy noted this is a ten-fold increase compared to current annual additions.
Renewables capacity to reach 4,500GW in 2024
This is equal to the total power output of China and the US.
India’s utility-scale solar addition to slow in 2023
The sector saw a record-high 14GW additions in 2022.
Clean energy investment to rise to US$1.7t in 2023: IEA
This includes funding for renewables, EVs, nuclear power, grids, and storage.
Vietnam approves National Power Development Master Plan VIII
Renewables are expected to account for 67.5% to 71.5% of the total electricity by 2050.
India to craft carbon credit trading scheme
This will support the country’s goal to cut emission intensity.
Only East Asia can meet pumped storage target by 2050
The region’s capacity growth will be largely driven by China.
How much Bangladesh needs annually to reach its 2041 target
The country wants to increase its renewable energy capacity to 40%, IEEFA said.
Asia’s power consumption to grow 3.5% annually in the next decade
The region has the world’s largest growing electricity demand, Fitch Solutions said.
Australia’s large-scale new RE construction hits record high in 2022
Clean energy investments reached $4.2b.
India is set to be the 2nd largest solar PV manufacturing market
The module manufacturing capacity more than doubled to 38GW in March 2023.
Carbon capture and storage for fossil-fired plants risks worsening energy inflation
IEEFA argues the economic case for CCS in fossil-fired power plants is weak.
Indonesia to install 450MW wind power by 2027
The additions could be raised to 550MW if barriers are addressed.
Global renewable investment reaches record-high $500b in 2022
Energy transition technologies investments also reached a record $1.3t.
Coal’s share in Indonesia’s energy mix reaches 64% in 2022
The share of renewables is at 20%.