The International Energy Agency (IEA) has released a report indicating that it expects the global capacity of renewable power generation to almost double over the next five years as countries step up efforts to deal with the energy crisis caused by Russia’s invasion of Ukraine.
Zambia’s electricity utility ZESCO has said that as a result of low levels of available water at the Kariba dam, it will be increasing load shedding to 12 hours daily until further notice.
Mitsubishi Electric and Mitsubishi Heavy Industries (MHI) have said that they plan to integrate their power generation business and expand globally, with the expectation that electricity demand will increase.
Britain has announced that its £75 million fund aimed at helping boost domestic production of nuclear fuel for power plants was now open for applications.
In its efforts to adopt advanced powering technology to decarbonise power generation in India, NTPC, the country’s largest power generating utility, signed an MOU with GE Power India to demonstrate technologies to reduce the carbon footprint of NTPC’s existing coal-fired power plants.
Britain’s increased electricity exports to Europe made it a net exporter in 2022 for the first time in over a decade.
A 120 MW PV power generation project has been connected to the grid and started supplying electricity in Tibet, according to China Huadian Corporation.
Japan’s MUFG Bank is financing the construction of two solar projects with a combined capacity of 220 MW by India’s Tata Power.
The Fund for Export Development in Africa (FEDA), the development impact investment platform of African Export Import Bank (Afreximbank) has announced that it has received internal approvals to acquire a minority stake in Nigeria’s Geregu Power, subject to satisfactory diligence and documentation.
Doosan Enerbility has signed an MOU with Vietnam’s Institute of Energy (IE) and the Korea Electronics Technology Institute (KETI) on pursuing cooperation in Vietnam’s clean energy sector.