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India accelerates energy storage systems addition
India accelerates energy storage systems addition
Around 60% of the over 8 GW of tenders were awarded in 2023.
APAC electricity consumption to grow around 3.8% annually until 2032
Emerging markets are seeing a rise in electrification and urbanisation.
Renewables lead APAC power project pipeline
Around 250 projects were added to the pipeline in the fourth quarter of 2023.
Eurus Energy commences partial operations of Japan’s largest onshore wind
The remaining section of the Ashikawa Wind Farm will be completed by Spring 2025.
Keppel inks multi-year PPA with GlobalFoundries
The PPA is seen to commence on 1 May 2024.
Taiwan changes dispatch model for stable supply
The move comes as the market's renewable capacity increases.
Taiwan OK’s financial restructuring for Yunlin offshore wind farm
The 640 MW project is expected to be completed in 2024.
Nexif Ratch acquires 30 MW Vietnam hydropower plant
The Min Luong hydropower plant has a 20-year PPA with an EVN subsidiary.
Origin to invest $355.1m in UK’s Octopus Energy
This will raise Origin’s stake at Octopus Energy to 23%.
Improved Philippine power grid will improve energy access: AboitizPower
Electricity demand is expected to grow 6.6% yearly until 2040.
Sumitomo Corporation to retire 56 MW coal-fired plant
The power plant has been operating since October 2004.
India’s hydroelectric firm to invest in 750 MW pumped hydro storage project
The company aims to allocate $481.3m for the proposed project.
SPNEC starts construction of the world’s largest solar project
The project’s first phase will be completed by the first quarter of 2026.
TotalEnergies sells 25.5% of Seagreen Offshore Wind Farm to PTTEP
Seagreen has a total capacity of 1,075 MW as the deepest fixed-bottom wind farm in the world.
ADB and Maldives ink deal for expansion of renewable energy access
The grant worth $50.5m will cover the ASSURE project for Maldives’ renewable energy.
Saudi Power Procurement Company opens bids for four 7.2 GW CCGT plants in Saudi Arabia
Each power plant has a capacity of 1.8 GW.
SJVN to set up four joint ventures for renewable projects in India and Nepal
SJVN will serve as a leading partner of three JVs, while its subsidiary SGEL will lead one of them.
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