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Global offshore wind will attract a cumulative $1 trillion in investment by 2040
Time of Update: 2023-01-02
Offshore wind In his remarks, IEA Executive Director Dr Fatih Birol said: "The shale revolution and the rise of solar PV over the past decade are two major areas that are game-changing the energy system by drastically reducing costs.
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French grid operator RTE issues tender announcement for submarine cable storage
Time of Update: 2023-01-02
Cable storage The 120-month contract involves the storage of 225 kV submarine power cables, connectors and accessories.
Cable storage The 120-month contract involves the storage of 225 kV submarine power cables, connectors and accessories.
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Climate finance for the world's six largest multilateral development banks reached US$43.1 billion in 2018
Time of Update: 2023-01-02
" ” The climate change project won record funding last year from the world's largest multilateral development bank, which pledged to raise emissions by 60 percent since the 2015 Paris climate accord, a report released Thursday said.
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Nuclear power accounted for 10% of global electricity generation in 2018
Time of Update: 2023-01-02
But with 20 years of extraordinary growth and $3 trillion in investment, wind and solar still generate only 7% of the world's electricity and only 3% of its final energy needs.
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2020-27 Global Electric Vehicle Wireless Charging Market Grows at a CAGR of 46.8%
Time of Update: 2023-01-02
The growth in demand and sales of electric vehicles, government regulations to curb emissions, and rapidly developing infrastructure are expected to drive the growth of wireless charging in the electric vehicle market.
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The Solomon Islands National Provident Fund provides 1/3 of the funding for the Coral submarine cable
Time of Update: 2023-01-02
Aron Oritaemae, vice chairman of the board of directors of SINPF, said that SINPF's total expenditure on network projects was only 270 million pesos, including a direct equity investment of 116 million pesos for a 49% direct stake in Solomon Islands Submarine Cable, and the remaining 150 million pesos were indirect purchases of long-term development bonds.
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The global metallurgical coal market is expected to increase by $14.9 billion from 2020 to 2024
Time of Update: 2023-01-02
According to the report, the progress of the mining industry and the high demand for steel in various industries are the main reasons driving the growth of the global metallurgical coal market in the coming years, but at the same time, stringent government coal regulations, high benchmark metallurgical coal prices, and increasingly stringent requirements for reducing carbon emissions face strong constraints to this market growth.
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By 2028, the global installed capacity of offshore wind power will be nearly 160GW
Time of Update: 2023-01-02
Declining LCOE Dan Shreve of Wood Mackenzie said that while the levelized cost of energy (LCOE) for onshore wind will continue to fall over the next decade, no amount of progress in the industry in turbine tower design, blade materials or controls can really be a game-changer.
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Brazil's new tender for transmission lines is scheduled for Dec. 19
Time of Update: 2023-01-02
21224707800MVA12715214,819MVA1332 Aneel has approved a new round of tender rules, under which the successful bidder will be awarded a concession contract for up to 30 years, including the construction, operation and maintenance of transmission lines and associated substations.
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The global small-scale hydropower market will grow at a compound annual rate of 2.4% from 2019 to 2024
Time of Update: 2023-01-02
During the forecast period, the 1-10 MW market is expected to account for the largest share of the small-scale hydropower market in terms of voltage, mainly due to the accelerating deployment of rural electrification in developing countries, especially in the Asia-Pacific region.
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The global residential solar storage market will grow at a compound annual rate of 37% from 2020 to 2024
Time of Update: 2023-01-02
The report argues that the increase in green building spending and the increase in zero-energy houses are the main reasons driving the growth of the global residential solar storage market in the coming years.
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Automakers such as Volkswagen raised $1 billion for Swedish battery production plants
Time of Update: 2023-01-02
Swedish battery maker Northvolt recently said that Volkswagen and BMW provided the company with $1 billion in equity funding to complete a new round of financing for the lithium battery production plant.
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The third Iran-Armenia high-voltage transmission system will be completed by the end of 2020
Time of Update: 2023-01-02
Iran's Ministry of Energy revealed that the two sides have agreed on the completion time of the third cross-border high-voltage transmission system, and will work together to promote the project process until the goal is achieved.
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Italy announces electric vehicle subsidy program with subsidies of up to 6,000 euros per vehicle
Time of Update: 2023-01-02
Italy's Ministry of Economic Development said that the electric vehicle subsidy can be applied for today, and the government expects to provide 20 million euros in subsidies within 120 days, and the rest of the subsidies will be distributed through specialized agencies.
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The Dubai Solar Park project kicks off the fifth phase of the 900 MW tender process
Time of Update: 2023-01-02
The world's largest solar PV project under construction, Mohammed Bin Rashid Al Maktoum, has announced its fifth phase of a 900-megawatt tender.
The world's largest solar PV project under construction, Mohammed Bin Rashid Al Maktoum, has announced its fifth phase of a 900-megawatt tender.
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Rosatom's first wind farm is about to come into operation
Time of Update: 2023-01-02
Wind energy power plants Rosatom has completed the construction of its first wind farm in the Russian Republic of Adygea, in the Russian Caucasus, which is now ready to start generating electricity.
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India restarts tendering for renewable energy + energy storage projects
Time of Update: 2023-01-02
Solar Energy Corporation of India will look for power distribution companies interested in purchasing electricity from these renewable energy + energy storage projects, and then enter into long-term power purchase agreements with them for up to 25 years.
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Ombilin, the oldest coal mine in Southeast Asia, was successfully inscribed
Time of Update: 2023-01-02
” Ombilin was built to mine, process, and transport high-quality coal in an inaccessible area of West Sumatra, when the Dutch colonial government administered the archipelago.
” Ombilin was built to mine, process, and transport high-quality coal in an inaccessible area of West Sumatra, when the Dutch colonial government administered the archipelago.
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Africa Liquid Telecom proposes to build a fiber optic system directly connecting East and West Africa
Time of Update: 2023-01-02
” It is reported that the new fiber optic system will connect Muanda to Lubumbashi through Kinshasa, Kikwit, Kananga and Kolwezi, and connect the Democratic Republic of the Congo to neighboring Tanzania (Dar es Salaam) and Zambia, and continues to connect to Liquid Telecom's "One Africa" broadband network, which is up to 70 years long.
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Global LNG demand will double to 700 million tonnes by 2040
Time of Update: 2023-01-02
Maarten Wetselaar, Director of Integrated Gas and New Energy at Shell, said: "The global LNG market continued to evolve in 2019, with increasing demand for LNG and gas from the power and non-power sectors.
