APAC

Carbon capture and storage for fossil-fired plants risks worsening energy inflation

IEEFA argues the economic case for CCS in fossil-fired power plants is weak. 

Carbon capture and storage for fossil-fired plants risks worsening energy inflation

IEEFA argues the economic case for CCS in fossil-fired power plants is weak. 

Renewable energy surge fuels need for pumped hydropower storage

Asia is expected to be the largest pumped hydropower storage market by 2023.

Renewables with storage systems could be cheaper than thermal power with CCS

CCS could drive LCOE for thermal power by up to double its alternatives. 

Amazon inks deal with Iberdrola for RE development

The projects will be in APAC, Europe, and the US.

China-concentrated capacity drives APAC as hydropower ‘powerhouse’ 

China's aggressive hydropower development is driven by its carbon peaking target by 2030.

Power grid expansion to drive copper demand: report

Power grids are projected to be the top consumers of copper amongst energy transition technologies. 

Around 680GW wind energy capacity to be installed by 2027: report

Policy changes are needed to prevent supply bottlenecks by 2026.

At least $21.4t power grid investment needed by 2050: Report

This is in line pursuit of net zero targets across the globe. 

Asia accounts for over half of new RE capacity in 2022

China led the growth with the addition of 141GW during the period.

Nuclear ‘renaissance’ is possible despite hurdles: Wood Mackenzie

National governments will need to address more than just competitive costs and innovations. 

Increased investments could lower SMR cost to competitive levels by 2050

SMRs can be a viable competitor with renewable energy, Wood Mackenzie noted. 

Policy support for nuclear power expands in 2022

This comes as markets look for a more low-carbon energy supply, Wood Mackenzie reported. 

Why markets need to reshore renewable equipment supply

Fitch Solutions expects markets to strengthen reshoring efforts. 

Global effort to meet Paris Agreement highlighted at World Smart Energy

One crucial step to achieving the global climate goal is to increase clean energy at least four-fold, IEA said during the event.

New Tonga renewable-based mini-grid to be developed

The project is a collaboration of the ADB, and the governments of Tonga and Australia.

Global renewable investment reaches record-high $500b in 2022

Energy transition technologies investments also reached a record $1.3t.