Power Utility

India may fail to reach 500GW target by 2030: report

The country needs to add more than 38GW annually to achieve the goal.

Philippines is 3rd largest geothermal market globally: Fitch

Its installed capacity is estimated at 1,928MW in 2021.

Cost-competitive renewables save $55b in global energy generation in 2022

Electricity costs from wind and solar power declined in 2021.

CLP Group, CDPQ to hold equal stake in Apraava Energy

CLP has sold a 10% stake in Apraava to CDPQ

China leads hydropower installation in 2021: IHA

Around 21GW of the 26GW new installations last year came from China.

Renewables, nuclear could replace LNG’s share in Japan’s energy mix

LNG’s share in the power mix is expected to fall to 20% from 37%.

More harm than good? CCS development risks may weigh more than its potential

Investors will need to distinguish between the different types of CCS projects. 

China leads global solar PV supply chains: report

It accounts for over 80% of the manufacturing stages of solar panels.

UAE looks to add pumped hydro to power mix: report

This is in pursuit of its 30% clean energy target by 2030. 

Global hydrogen trade needed to achieve climate goal: IRENA

Around 25% of global hydrogen is set for trading by 2050.

Five Asian countries amongst top 10 solar-powered economies

China topped the list with 307GW of solar capacity.

Asia Pacific, Middle East to dominate global gas demand growth

The two regions will account for the 80% consumption increase.

IEA revises down global gas consumption forecast

Consumption is set to rise by 140bcm between 2022 and 2025.

SK D&D, Siemens Gamesa close deal for 75MW wind farm project

This is the third largest wind farm project in South Korea.

Nuclear restart calls rise in Japan amidst surge in oil, gas prices

LNG on-arrival prices rose 62% YoY in January, according to Fitch.