In Focus

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.

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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.

Exclusive

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.

In Focus

Renewables capacity to reach 4,500GW in 2024

This is equal to the total power output of China and the US.

In Focus

India’s utility-scale solar addition to slow in 2023

The sector saw a record-high 14GW additions in 2022.

In Focus

Clean energy investment to rise to US$1.7t in 2023: IEA

This includes funding for renewables, EVs, nuclear power, grids, and storage.

In Focus

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.

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India to craft carbon credit trading scheme

This will support the country’s goal to cut emission intensity.

In Focus

Only East Asia can meet pumped storage target by 2050

The region’s capacity growth will be largely driven by China.

In Focus

How much Bangladesh needs annually to reach its 2041 target

The country wants to increase its renewable energy capacity to 40%, IEEFA said.

In Focus

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.

In Focus

Australia’s large-scale new RE construction hits record high in 2022

Clean energy investments reached $4.2b.

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India is set to be the 2nd largest solar PV manufacturing market

The module manufacturing capacity more than doubled to 38GW in March 2023.

In Focus

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.

In Focus

Indonesia to install 450MW wind power by 2027

The additions could be raised to 550MW if barriers are addressed.

In Focus

Global renewable investment reaches record-high $500b in 2022

Energy transition technologies investments also reached a record $1.3t.

In Focus

Coal’s share in Indonesia’s energy mix reaches 64% in 2022

The share of renewables is at 20%.

In Focus

Leader Energy gains ground in Cambodia with new transmission line project

This Malaysia-based firm aims to accelerate Cambodia’s transition to cleaner energy sources.

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