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Electricity Market

IFC Partners With ACWA Power to Support Uzbekistan’s Energy Transition

IFC announced today a $240 million Islamic Equity Bridge Loan (EBL) financing for ACWA Power to support the development of Uzbekistan’s renewable energy sector on the sidelines of the 8th Future Investment Institute conference at Riyadh in Saudi Arabia. IFC’s financing will support the construction and operation of two projects, with a cumulative capacity of […]

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COP29 At Azerbaijan- Sungrow Steps Up To Back Green Transition

With the world’s attention set for the events at COP29, starting November 11 in Azerbaijan, it has become an important time to track the changes in the host country itself. In line with the country’s commitment to diversify its economy and reduce greenhouse gas emissions, Azerbaijan aims to increase its installed power capacity from renewable […]

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PHEVs Step Up: CATL’s Freevoy Super Hybrid Battery

China’s CATL, the world’s largest EV battery manufacturer, recently unveiled its groundbreaking Freevoy Super Hybrid Battery, aiming to catalyse the capabilities of hybrid vehicles, such as Plug In Hybrid Vehicles (PHEVs). The Chinese battery maker is calling Freevoy the first hybrid battery to achieve an all-electric range of over 400 km (250 miles) with 4C […]

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Go Solar, Growatt Team Up To Distribute 1 GW Inverters Across Australia

Growatt Australia, a residential and commercial solar energy solutions provider, and Go Solar Group have signed a Memorandum of Understanding (MOU) during the 2024 All Energy Expo. The MoU was signed by Allen Zhu, Growatt Australia’s Country Manager, and Lewis Sheppard, National Sales Director of Go Solar Group. Under the terms of the agreement, Go […]

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ARENA Funds Australia’s First Community-Led Electrification Trial

Australian Renewable Energy Agency (ARENA), and its partners Brighte, Rewiring Australia and Endeavour Energy, are set to electricity 500 households in New South Wales, in a new project announced recently announced by the organization. ARENA is providing $5.4 million in funding for the “Electrify 2515 Community Pilot” to support the electrification of 500 homes in […]

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Is India Ready To Welcome Its Largest Ever Wind Turbines?

Dongfang Electric Corporation, a Chinese wind turbine manufacturer, made waves in the global wind market this month by launching the world’s largest wind turbine, with a capacity of 26 MW. This massive turbine was specifically designed for a wind project near Fujian in China. Chinese manufacturers are widely recognized for producing some of the largest […]

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IEA Flags Supply Side Risks For Global Energy Security

The global energy landscape, as detailed in the World Energy Outlook 2024, highlights the challenges and opportunities of transitioning to a clean energy future amidst growing geopolitical risks and economic uncertainties. With events like the conflicts in the Middle East and Russia’s war in Ukraine, the global energy market’s fragility is apparent, influencing both traditional […]

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Global Solar Energy Costs Drop, Offshore Wind Prices Stay High: Wood Mackenzie

Globally, the Levelised Cost of Electricity (LCOE) landscape made significant advances in renewable energy technologies, with wind and solar power leading the way. The levelized cost of electricity (LCOE) is used to evaluate the net present value of the cost of electricity over generated during the lifetime of the generating system from the energy technology. […]

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Achieving Universal Energy Access by 2030: Can It Be Done?

Universal energy access is not just a development goal. It’s a fundamental requirement for socio-economic growth and improved quality of life. Despite global efforts, millions of people, particularly in sub-Saharan Africa and South Asia, still lack access to electricity and clean cooking solutions. The World Energy Outlook 2024 examines these challenges and explores pathways to […]

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