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Smart Electrification: Key Insights and Benefits for Distribution Grids

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As energy systems transition towards electrification, there is a growing need for smarter solutions to manage increasing demand and renewable energy integration. A recent study by the International Renewable Energy Agency (IRENA) highlights how smart electrification—integrating assets like electric vehicles (EVs), heat pumps, and decentralized solar photovoltaics (PV)—can optimize distribution grids. This article summarizes the key findings and insights from the study. What Is Smart Electrification? Smart electrification refers to the efficient integration and operation…

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Floating Offshore Wind: Key to Achieving Global Renewable Energy Goals by 2030

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The global push to limit temperature rise to 1.5°C includes decarbonizing hard-to-abate sectors. At COP 28, leaders pledged to triple renewable energy capacity by 2030. Offshore wind, with its high efficiency and competitiveness, is key to these efforts. In 2022, offshore wind reached 63 GW of installed capacity, but to meet the 1.5°C target, this needs to grow to 494 GW by 2030 and 2,465 GW by 2050. Floating offshore wind, a promising subset, can…

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Global Renewable Energy Statistics

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Renewable Energy Capacity and Production (On-Grid and Off-Grid) In 2023, total global renewable energy capacity reached 3,864,522 MW, up from 1,698,295 MW in 2014, a more than twofold increase. Africa has also experienced growth, with a capacity of 62,066 MW in 2023, up from 32,511 MW in 2014. Countries like Angola, Ethiopia, and South Africa have led this surge, each achieving notable renewable capacity expansions. Angola, for example, expanded from 1,020 MW in 2014 to…