July 16, 2023:
1. China to double wind, solar capacity by 2025. The Chinese government has announced plans to double its wind and solar power capacity by 2025. This is part of the country's efforts to reduce its reliance on fossil fuels and achieve carbon neutrality by 2060.
2. G7 calls for faster fossil fuel phase-out, but sets no deadline.
The Group of Seven (G7) nations have called for a faster phase-out of fossil fuels, but they have not set a deadline. The G7 leaders met in Germany this week and agreed to work towards a clean energy transition.
3. New battery storage capacity to grow over 400GWh annually by 2030.
The global battery storage market is expected to grow rapidly in the coming years. The International Energy Agency (IEA) predicts that new battery storage capacity will grow by over 400GWh annually by 2030. This growth will be driven by the increasing use of renewable energy and the need for grid flexibility.
3.Renewables capacity to reach 4,500GW in 2024.
The IEA also predicts that the global installed capacity of renewable energy will reach 4,500GW by 2024. This would represent a significant increase from the current level of 2,500GW. The growth of renewable energy will be driven by the falling cost of solar and wind power.
In addition to these news items, there are a number of other important power and energy projects underway in Asia.
These include:
a. The Australia-Asia PowerLink, which will connect Australia to Singapore via a submarine power cable.
b. The Ubol Ratana Dam Hydro-Floating Solar Hybrid Project, which will combine hydroelectric and solar power generation in Thailand.
No comments:
Post a Comment