APAC
Grid needs upgrade to support battery storage growth
Grid needs upgrade to support battery storage growth
Batteries account for nearly 100% of the global storage market.
Renewable energy goal faces major shortfall
Over $1t is needed annually to get back on track.
Nexif Ratch secures financing for 145MWp PH solar project
It is expected to supply electricity to around 52,600 households.
Energy emissions to peak in 2024: DNV
However, Paris Agreement goals remain out of reach.
Global floating offshore wind projects up 9% in 12 months
China and Japan were amongst the top locations for operating projects.
Off-grid solar could bring light to nearly 400 million unelectrified homes
A six-fold investment boost is crucial for off-grid solar's full potential.
Renewable energy certificates prices to drop 76% by 2050 amidst market oversupply
It is expected to exceed demand until 2050.
Which country led renewable energy employment in 2023?
Over half of RE jobs were in this major market.
Governments pour $2t into clean energy since 2020
Majority of the direct public spending was in China, amongst others.
Utility alliance to invest over $116b annually in grids and renewables
Nearly half will be allocated to transmission and distribution.
World Bank to boost energy transition in East Asia, Pacific with $2.5b programme
This will fund around 2.5 GW of additional renewable energy.
Grid, energy storage expansion needed to support 2030 RE goal: IEA
In the grid alone, 25 million kilometres should be built and modernised.
Over 80% of new renewables in 2023 cheaper than fossil fuel alternatives
Solar PV costs dropped in 2023, becoming 56% cheaper than fossil fuel and nuclear options.
Global power sector needs $115t to achieve 2050 net zero goal
However, some consumers, including Singaporeans, do not want to spend more on electricity.
What is slowing down energy transition in the oil and gas industry?
The shift is seen to progress at a slower pace.
GWEC appoints new deputy CEO
A new chief industry officer was also named.
Over 500 GW of solar power to be installed in 2024
China continues to lead the pack.
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