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ACWA Power more than doubles net profit in 2022
ACWA Power more than doubles net profit in 2022
Its consolidated net profit amounted to SAR1.54b (US$410.6m).
China, Vietnam lead markets with most gas plant build-out: report
The gas capacity across the globe grew by 22% YoY in 2022.
East Asia and Pacific account for majority of RE investments globally
Investments in the region were led by China.
NTPC transfers RE assets to its green energy subsidiary
This is in line with the group’s plan to reach a renewable energy capacity of 60 GW by FY32.
Adani unit’s 700MW hybrid power plant goes online
It now has the largest operating renewables portfolio in India.
ACWA Power, Kazakhstan to develop 1GW wind energy, battery storage
The project is expected to be completed in 2027.
ADB, Monsoon sign $692.5m loan to develop wind power project in Lao PDR
This will fund the construction of a 600MW wind power plant.
Masdar launches Jordan’s 200MW Baynouna Solar Park
The solar park can generate more than 560GWh of electricity.
TNB profit down by 8% YoY to $793.4m in 2022
This is due to the higher taxes paid during the period.
India approves investment for its largest hydropower project
Its total cost is estimated at $3.9b
South Korea’s electricity demand up by around 3% in 2022
Renewables and nuclear mainly catered to the demand growth.
Coal’s share in Indonesia’s energy mix reaches 64% in 2022
The share of renewables is at 20%.
India’s Greenko repays $935m global bonds
The bonds were issued by its subsidiaries Greenko Investment and Greenko Mauritius.
New South Wales declares Illawarra Renewable Energy Zone
It is the last REZ under the government’s electricity roadmap to be declared.
Meralco core net income up 10% YoY in 2022
Its energy sales were boosted by the recovery of business and public confidence.
India Power, ES2 Power ink deal to develop pilot thermal storage in India
The storage unit will be delivered to India in the first quarter of 2023.
How Indian states can catch up in the clean energy transition?
A report found renewable energy-rich states are not utilising their full potential.
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