APAC
Energy storage VC funding up 59% YoY to $9.2b in 2023
This is supported by the Inflation Reduction Act’s investment tax credit and other incentives.
Energy storage VC funding up 59% YoY to $9.2b in 2023
This is supported by the Inflation Reduction Act’s investment tax credit and other incentives.
Coal generation to fall by 0.3% YoY in 2024
This is thanks to the slowed growth of new projects in Asia.
APAC accounted for over 50% of 2023 power demand: report
India, China and Southeast Asia are the main growth drivers.
Gas demand is projected for solid growth in 2024, despite global uncertainty
Global gas demand will increase by 2.5% with 100 billion cubic metres.
Clean energy sources to account for nearly half of electricity generation by 2026
Renewables will surpass coal by early 2025 in electricity generation.
ACEN JV buys 38 MW wind project from EDF Renewables North America
UPC Power Solutions now has over 170 MW operating renewable energy portfolio.
ADB, BII introduce green trade finance partnership
This will support energy transitions and climate-smart agriculture initiatives.
China, India to lead power demand growth
The industrial sector will push the demand for the two Asian nations.
APAC renewables capacity to grow by 430 GW up to 2028
The installations will be led by India which is expected to deploy 205 GW during the period.
Around 3 in 5 energy CEOs prioritise AI investment
They have concerns about ethical practices such as plagiarism and data protection.
APAC nuclear operational capacity reaches 132 GW
China has the most consistent performance in terms of nuclear capacity.
Global offshore wind reaching FID hits record 12.3 GW in 2023
Around 2.3 GW are projects located in Asia Pacific.
Global RE capacity addition up 50% YoY in 2023
China saw the largest growth in renewable energy.
Nexif Ratch names new CEO
Matthew Bartley will be stepping down from his post.
USAID provides over $1.4m energy equipment to Central Asia
This is part of its $39m project to support Central Asia's power sector.
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.
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