In Short : The Asia Pacific region is targeting a $3.3 trillion boost in power generation, with India leading the charge in this ambitious initiative. This investment signifies a substantial commitment to enhancing the region’s energy infrastructure. By focusing on power generation, these countries are not only meeting their growing energy demands but also embracing […]
The power of the PPA: corporate renewable procurement sets a new record in Asia Pacific – EQ Mag Pro
As decarbonisation ambitions grow across the Asia Pacific region, soaring fuel and power prices have improved the competitiveness of corporate renewable power purchase agreements (PPAs) Corporations in Asia Pacific are set to contract a record 7 GW of renewable capacity in 2022. That’s an 80% increase on 2021 as markets emerge from pandemic-related disruptions. Demand […]
Solarspace Appoints Krishan Sharma as VP- Asia Pacific – EQ Mag Pro
Solarspace, one of the largest solar manufacturers globally, today announced the appointment of Krishan Sharma as the Vice President (VP) to lead its Asia pacific solar business. He is an Engineering graduate with MBA from IMT & EPLM from IIM Calcutta, India. Krishan brings to Solarspace more than 15 years of experience in renewable energy […]
EDPR completes agreement with Sunseap to establish its Asia-Pacific headquarters in Singapore – EQ Mag Pro
The company announced last November it had acquired a 91% stake in Sunseap, the largest distributed solar player and top 4 solar player in Southeast Asia. Following the closing of its S$1.1 billion* deal with Sunseap today, EDPR has stated it plans to deploy up to S$10 billion* by 2030, establishing a leading clean energy […]
Asia-Pacific overtake of North America delayed as energy storage market tops 30GW by 2030, Guidehouse says – EQ Mag Pro
Asia-Pacific will overtake North America as the biggest utility-scale energy storage (UES) market by annual installed gigawatts (GW) by 2024-2025, according to a new report by Guidehouse Insights, one to two years later than in the firm’s previous forecasts. The research firm has revised up its forecasts for global annual installed UES by 2029 from […]
Forecast on Solar PV capacity additions in Asia Pacific – EQ Mag Pro
The Asia-Pacific (APAC) region has been the global leader of cumulative solar photovoltaic (PV) capacity. Therefore, solar PV plants need to be deployed rapidly in developing countries like India and Vietnam which are expected to help the APAC region maintain the dominance in the global solar PV market, says GlobalData, a leading data and analytics […]
Asia Pacific Renewable Investments to Double to $1.3 Trillion By 2030: Woodmac
Asia Pacific investments in renewable energy generation by 2030 may double to $1.3 trillion from the previous decade, dwarfing fossil fuel power expenditures that are expected to drop by about 25% to $54 billion annually, according to Wood Mackenzie. “Asia Pacific power generation investments are leading the world and expected to hit $2.4 trillion in […]
KKR Aims to Raise $12 Billion for Latest Infrastructure Fund
KKR & Co. is seeking about $12 billion for its fourth global infrastructure fund, according to a person with knowledge of the matter. The private equity firm raised $3.9 billion for its first Asia-Pacific infrastructure fund in January, amassing the largest pool of cash in the region for investments including waste management, renewable energy and […]
COVID-19 green recovery plans driving credit divergence across Asia-Pacific: Moody’s
While it would create credit challenges for oil refiners and operators of captive coal power plants, it added New Delhi: COVID-19 green recovery plans will help drive credit divergence in the Asia-Pacific region leading to increased focus on environmental, social and governance factors, according to a report by Moody’s Investor Service released on Wednesday.While it […]
Asia-Pacific’s RE capacity set for 58% growth over five years, directed by solar
Installed capacity of renewable energy in the Asia-Pacific region is set for a major boost in the next five years, to 815 gigawatts (GW) in 2025 from 517 GW this year, a Rystad Energy analysis shows. The frontrunner in this growth will be solar energy, whose regional capacity will nearly double to 382 GW from […]