AES Corporation reaffirmed its 2020 financial guidance in presenting its latest quarterly results, which showed a total backlog of renewables and energy storage contracts of 6.2GW, while the company said it will reduce generation from coal to less than 30% of its total capacity by the end of this year. The company said in a […]
Energy storage needed to help integrate renewables into EV charging stations
As electric vehicle (EV) charging deployment ramps up and speeds continue to increase, energy storage to support this could reach a global installed capacity of 1,900MW by the end of 2029. This is according to a new report from Guidehouse Insights exploring energy storage for EVs across five global regions and providing forecasts through 2029. […]
COVID-19 vs Renewables: How the pandemic is impacting Australia’s solar curve
With Australians spending more time at home during the day as a result of COVID-induced restrictions, many are questioning the impact of shifting energy demand patterns on the solar curve. Byron Serjeantson, Regional Manager at Flow Power considers the potential outcomes of these changes. The COVID-19 infection curve is not the only graph under close […]
PetroVietnam to foray into renewables, eyes 900 MW by 2035 – report
State-owned group PetroVietnam plans to step on the renewable energy stage by deploying 900 MW of renewables capacity by 2035, with an interim goal of 100 MW by 2025, Reuters reports. The oil firm, previously known as Vietnam Oil and Gas Group, will undertake the plan as crude oil production in Vietnam has been declining […]
IEEFA report: Volts from the blue – floating solar to generate 900% more electricity across Asia-Pacific
From below 1MW before 2019, ASEAN nations now have over 51MW installed and 858MW planned Asia leads Europe in deploying floating solar, also known as floating photovoltaic (FPV), a new IEEFA report finds. Energy finance analysts Sara Jane Ahmed and Elrika Hamdi note that power demand in the Philippines and Malaysia has dropped by as […]
Fortum’s new CEO sees natural gas, hydrogen helping green transition
Rauramo, who replaces Pekka Lundmark, said he would develop a strategy by the end of the year for the group that is phasing out coal-fired energy production and shifting to renewables HELSINKI: The new chief executive of Fortum said on Wednesday natural gas and hydrogen could help Europe shift to clean energy and promised to […]
Ircon inks pact with NIIFL, Ayana Power to explore opportunities in solar energy
The partnership will further consider suitable opportunities for solar energy production for Indian Railways as they intend to increase the share of renewables in their overall energy mix New Delhi: Ircon International Ltd on Monday said it has inked pact with NIIFL and Ayana Renewable Power for exploring opportunities in solar energy sector. NIIFL and […]
Won’t take long for clean energy investments to rebound: Fatih Birol, IEA
Replying to questions by ETEnergyWorld at the launch of IEA’s latest report, Birol said government policies will be critical for investments to come back on track New Delhi: It will not take too long for the world to come out of the historic 20 per cent fall in global clean energy investments, according to Fatih […]
COVID-19: Global energy investments set for a historic $400 bn plunge, says IEA
This would be the largest drop in global energy investment in history, with spending expected to plunge in every major sector from fossil fuels to renewables, and efficiency New Delhi: Global energy investments are set to nosedive by 20 per cent, or about $400 billion, as compared to last year due to the COVID-19 crisis, […]
Sungrow to Supply 1500V SG250HX Inverter Solutions to 500 MWac PV Plant in Oman
IBRI, Oman: Sungrow, the global leading inverter solution supplier for renewables, announced it will supply 1500V SG250HX inverter solutions to the 500 MWac IBRI II project in Oman, which is the largest utility-scale PV plant in the Sultanate to date, demonstrating the Company’s robust efforts in supporting Oman’s ambition of lifting the renewable energy […]