Southeast Asian national oil companies (NOCs) and traditional upstream players are progressively focusing on cleaner and more environmentally friendly energy initiatives. Rystad Energy’s analysis reveals a consistent commitment to these initiatives in the years to come, with investments set to exceed $76 billion from 2023 to 2025. The upward trend is set to continue, with […]
Hydrogen Is Ramping Up In The Energy Transition, But It May Be Oversold – EQ Mag
What we knew before. The following aspects of hydrogen have been explored before. Rystad Energy predicted two years ago that liquid hydrogen will find a place at the 2050 table but only account for 7% of the total clean energy needed. This 7% is a clean-fuel niche for hard-to-abate aviation, ocean vessels, and cement and […]
Coal prices likely to cross $500 per tonne in 2022, Rystad Energy says
Coal prices could cross $500 per tonne in 2022, underpinned by soaring gas prices which may lead European countries to turn to coal, Rystad Energy said on Thursday. European Union leaders gathered on Thursday to forge a joint response to Russia’s invasion of Ukraine, with differing views on how far to go with economic sanctions, […]
South Korea Seeks Bids for Large-Scale Solar to Meet 2030 Target
South Korea will launch its largest-ever solar photovoltaic (PV) tender in July when it will offer 2 GW of capacity. An extra 2GW could also be offered later this year. South Korea needs to boost its renewable energy sources as it seeks to end coal power South Korea will launch its largest-ever solar photovoltaic (PV) […]
Schneider Electric to help develop the UAE’s first waste-to-energy plant
The French energy services firm will provide a range of electrical solutions for the 30MW power plant. French energy services company Schneider Electric will supply a range of electrical solutions for the first waste-to-energy facility being built in the UAE at Sharjah. The 30-megawatt facility is being built by Abu Dhabi’s Masdar and Sharjah-based Bee’ah […]
UAE Aims To Triple Its Solar Installations By 2025
The installed renewable capacity of the United Arab Emirates, which until recently was nearly non-existent, concluded 2020 at 2.3 gigawatts (GW), around 91% of which comprises of solar PV projects, a Rystad Energy analysis shows. Solar PV additions are going to pile up, especially from 2022, and drive the country’s total renewable capacity to an […]
UAE solar capacity to increase fourfold by end of 2025 thanks to ‘robust’ development pipeline
The United Arab Emirates (UAE) is capable of reaching its renewable energy targets thanks to a “robust” development pipeline of solar projects, new research from Rystad Energy suggests. Installed solar PV is expected to increase fourfold from now to the end of 2025, increasing from its 2.1GW level to reach 8.5GW, when it will represent […]