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The Association of Southeast Asian Nations (ASEAN) stands out as a hub of economic growth, with energy demand surging to keep pace. While global energy demand rose by 16 percent between 2015 and 2021, ASEAN nations experienced a sharper 22 percent rise during the same period. The region’s renewable energy landscape is transforming, led by […]
The recycling of battery metals is emerging as a significant commercial opportunity, with the production of recycled metals such as nickel, cobalt, and lithium witnessing rapid growth, albeit from a low base. According to the recent report by International Energy Agency (IEA) recovered metal volumes rates relative to the available feedstock for recycling surged to […]
While most emerging and developing economies face structural barriers to attracting new clean energy manufacturing jobs, India and Southeast Asia have fared relatively well on this front, according to a latest report by the International Energy Agency (IEA). Clean energy manufacturing jobs in this region represent nearly 15% of the global total. Several other countries, […]
Even if all COP announcements to date were to be fully implemented, a significant CO2 emission gap would still need to be closed by 2050, according to the World Energy Transitions Outlook 2024 of IRENA. Released at the opening of the UN Climate Conference COP29 in Baku, Azerbaijan, the Agency’s 1.5°C Scenario outlines a net-zero […]
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. […]
The European Investment Bank (EIB) and the Development Bank of Southern Africa (DBSA) have further boosted their support for renewable energy projects in the private sector, aiming to increase clean energy generation while supporting new jobs. A € 100 million (ZAR 1.98 billion) loan from the EIB, matched by the DBSA, comes in addition to […]
The urgency for a global shift towards sustainable development, primarily driven by renewable energy, is undeniable. Both developed and developing economies have embraced the need to limit the increase in global temperatures, as agreed in the Paris Agreement (COP21). This agreement set ambitious goals for nations to work towards keeping the global temperature increase to […]
Global solar module manufacturing company Trinasolar has now published its financial report for the first half (H1) of 2024-25. The company reported a revenue of $6.047 billion and net profit attributable to the parent of $74.058 million during this period, the firm said. The green Chinese company said that over the six months, the company […]
Sungrow, a global solar inverter and energy storage system provider, presented its latest innovations in solar, storage, and EV charging at Intersolar South America, held from August 27-29, 2024. During the expo, Sungrow announced reaching a significant milestone of 20 GW in cumulative contracted inverter orders across Latin America. With supportive policies, growing investments, and […]
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