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apac markets

Energy Storage Can Bring 1 TW New Capacity Online By 2033, Finds Study

Wood Mackenzie, recently forecasted an increase in renewable energy consumption from 2024 to 2033. It expects developers to bring more than 5.4 terawatts (TWac) of new solar and wind capacity online, which can increase the cumulative global total to 8 TWac, according to the latest analysis by Wood Mackenzie. The global data and analytics provider […]

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World Adds 10.8 GW Of New Offshore Wind Capacity In 2023

In 2023, despite the macroeconomic challenges faced by the sector in some key markets, the wind industry installed 10.8 GW of new offshore wind capacity, taking the global total to 75.2 GW, a new report from the Global Wind Energy Council said. The report said that the new capacity increased 24% on the previous year, […]

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India Adds 11GW Solar Capacities In The First 5 Months Of 2024

The latest statistics from the Ministry of New and Renewable Energy (MNRE) revealed that India added around 11 GW of new solar capacities in the first five months of 2024. However, wind capacity additions remained on a lower side. The latest monthly renewable energy capacity report from the MNRE said that India added 2463.82 MW […]

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US Solar Installed Capacity Soars 71% In Q1 2024, Hits 200-GW Mark

US Solar Manufacturing Association (SEIA) recently reported setting a record 11 gigawatts (GW) of new solar module manufacturing capacity in the United States during Q1 2024. The organization claims this to be the largest quarter of solar manufacturing growth in American history. According to the US Solar Market Insight Q2 2024 report released by the […]

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Solex Ties Up With GMEE, Wuxi Tidewinner To Expand Capacity By 800MW

Solex Energy Limited today announced signing of a Memorandum of Understanding (MoU) with GMEE Solar and Wuxi Tidewinner Industrial International Co., Ltd. This partnership will facilitate an 800 MW capacity expansion, enhancing Solex Energy’s existing 700 MW production capability to 1.5 GW by the end of the second quarter of FY 24-25. A release from […]

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Business Development Manager – Grid Specialist APAC

Roles and Responsibilities:- Identify and size new and emerging opportunities for energy storage and find innovative ways to unlock new markets for energy storage. Model customer business cases and quantify differentiated value for Fluence to go after these specific market and customer segments. Interpret market developments, connecting to and informing sales strategy. Be a leading […]

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Global PV Cumulative Capacity Rose To 1.6 TW In 2023: IEA

International Energy Agency’s International Power Photovoltaic System Program (IEA-PVPS) recent report found the global PV cumulative capacity grew to 1.6 TW in 2023. IEA-PVPS a collaborative R&D Agreements established within the IEA in its recent study showed, “1 581 GW of minimum installed cumulative capacity was installed by the end of 2023. At least 407.3 […]

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Australia In Focus as Pacific Green Targets 12 GWh Global BESS Capacity

UK based Global energy storage and environmental technology company, Pacific Green Technologies, Inc. is targeting more than 12GWh of battery energy storage capacity across four global markets. Having achieved rapid pipeline growth to 6GWh in 2023 – taking scale positions in the emerging Italian and Australian energy storage markets, as well as moving its first […]

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Rystad Energy Forecasts Solar, Wind Markets To Add More Than 900 Tw-Hr In 2024

Rystad Energy, a research company recently shared some key aspects that can shape the energy sector in 2024.  Renewable energy capacity expanded rapidly, keeping up with global power demand growth for the first time. It forecasted in 2023, “Solar PV needed to grow by 220 gigawatts (GW) in 2023 to track the 1.6 DG scenario […]

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