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Azerbaijan launches first renewables auction

• 2024-04-24 07:13:44
• David Flin

Azerbaijan’s Ministry of Energy, with the support of the European Bank for Reconstruction and Development (EBRD), has announced the country’s first renewable energy auction for a 100 MW solar power plant project in Gobustan.

Pakistan signs $200 million MOU to convert thermal plant into solar power

• 2024-04-08 06:58:59
• David Flin

The Northern Power Generation Company Limited (NPGCL) in Muzaffargarh, Pakistan, has signed an MOU with Ningbo Green Light Energy (NGLE) of China to upgrade an existing thermal power plant into a 300 MW solar power project.

California cuts costs of interconnection for distributed renewable energy sources

• 2024-03-22 06:46:54.688126
• David Flin

The California Public Utilities Commission (CPUC) has passed a decision to allow distributed renewable energy resources like residential solar and battery energy storage to interconnect to the grid without triggering grid impacts that require infrastructure upgrades.

Brazil reduces reliance on hydropower

• 2024-03-15 05:42:35
• David Flin

Brazil has reduced the proportion of electricity generated by hydropower, replacing it with solar and wind, according to data from energy think tank Ember.

EU announces €37 million investment in Nigerian power sector

• 2024-02-19 06:45:42.864493
• David Flin

The EU has announced that it intends to invest €37 million into the Nigerian power sector, aiming to address the longstanding issue of inadequate electricity supply in the country.

How to keep demand and supply in balance through the energy transition

• 2024-02-16 10:52:25
• Junior Isles

One of the most significant challenges posed by connecting more renewable energy to the grid is intermittency. Balancing the potential energy shortages or oversupply requires a flexible approach.

By Steven Hardman, CEO, Conrad Energy

The impact of the Inflation Reduction Act on the global solar market

• 2024-02-05 23:39:18
• Junior Isles

Although the introduction of the US Inflation Reduction Act IRA incentivises solar manufacturing, local production capacity is currently only around 13 GW. This falls far short of government ambitions, and pales in comparison to the 1000 GW that China could produce if its factories were running at full capacity. The figures reflect how serious the oversupply situation is for the Chinese market, while the US faces mounting pressure to translate planned projects into reality. 

By Brian Crotty, Executive Vice President and General Manager, Dow Jones Energy

$289 million financing agreed to develop solar power in Mauritania

• 2024-01-29 07:05:59.990337
• David Flin

Mauritania and the African Development Bank (AfDB) have signed financing agreements for two energy sector projects in Mauritania worth $289.5 million.

Solar and wind to lead US power generation growth for next two years

• 2024-01-17 08:00:19.740466
• David Flin

The US Energy Information Administration (EIA) has forecast in its latest Short-Term Energy Outlook that solar and wind will lead US power generation growth for the next two years.

Capacity to expand renewable power increasing rapidly

• 2024-01-15 06:06:45.948628
• David Flin

According to a report from the IEA, 50 per cent more renewable capacity was added globally in 2023 than in 2022, and it predicts that the next 5 years will see the fastest growth in this sector ever, giving it the opportunity to achieve the goal of tripling global capacity by 2030 set at COP28.