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GPC and CNBM to expand renewable energy projects in Europe

Global, News

GoldenPeaks Capital (GPC) and China National Building Material Group (CNBM) have announced plans to expand their renewable energy partnership, targeting 1GW of solar projects annually across Europe. This collaboration, building on a five-year partnership, will extend into new markets including Germany, Italy, and Greece. GPC, already active in Poland and Hungary with 800 MW of renewable energy projects and 1.4GW under development, aims to increase its presence in Western Europe, particularly in Bavaria, Germany. CNBM,…

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

Analysis, Features

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

Analysis, Data Insights

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…

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Global perspectives on rooftop solar energy: Leading economies and strategies

Analysis, Features

The global energy transition is gaining momentum, and rooftop solar (RTS) systems are playing a significant role in addressing the world’s growing energy demand. With projections suggesting a 75% increase in global electricity demand by 2050 (IEA 2022), geopolitical disruptions, such as the Russia-Ukraine conflict and the COVID-19 pandemic recovery, have further underscored the need for a shift toward renewable energy (RE) sources. Solar photovoltaics (PV) in particular, including distributed solar technologies, are well-positioned to…

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GE Vernova expands HVDC manufacturing in UK

Global, News

GE Vernova has announced a major expansion of its manufacturing facilities in Stafford, UK, to meet growing global demand for high-voltage direct current (HVDC) transmission systems, essential for transmitting renewable energy across Europe, Asia, and North America. The expansion focuses on two key Stafford sites within GE Vernova’s electrification systems grid solutions business. The HVDC facility at Redhill will double its valve manufacturing capacity, adding a new voltage-sourced converter valve assembly line. The transformer facility,…

8. Policy and Regulation: Shaping the Future of the Energy Sector

Power 101

Imagine the energy sector as a vast highway system. Energy policies are the road signs, traffic lights, and speed limits that keep everything flowing smoothly. They guide investments, ensure fair competition, protect consumers, and set the standards for environmental responsibility. Without these rules, the system could fall into chaos, with inefficient power plants, unreliable electricity supply, and unchecked environmental damage. For example, renewable energy growth is heavily influenced by supportive government policies. Countries that offer…

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GE Vernova secures five onshore wind deals in Spain

Global, News

GE Vernova has signed five agreements to supply its 6.1 MW turbines with 158-meter rotors for onshore wind projects across Spain. The company will supply and commission 16 turbines to two wind farms in Castilla León—eight for Casa Vieja and eight for Pedrejones. Deliveries are scheduled to begin at the end of 2024. In addition, GE Vernova will upgrade the Les Colladetes wind farm in Catalonia, installing eight turbines for Enervent, and will supply five…

Understanding the Global Institutional Infrastructure of Energy

Power 101

The global energy sector is a complex web of organisations, regulators, and private corporations working together to ensure that the world’s energy needs are met while promoting sustainability, innovation, and policy alignment. From setting regulations to facilitating international cooperation, these institutions play an essential role in shaping how energy is produced, distributed, and consumed. This article will explore the key players in the global energy infrastructure, including international organizations, national regulatory bodies, industry associations, and…

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RWE, AMG in deal to supply green ammonia from India

India, News

RWE has signed a memorandum of understanding with AM Green Ammonia (AMG) for the long-term annual supply of up to 250,000 tonnes of green ammonia. The ammonia, derived from hydrogen, will be produced at AMG’s facilities in Kakinada and Tuticorin, India. Initially, 50,000 tonnes will be produced at Kakinada, with the remaining 200,000 tonnes sourced from the Tuticorin facility. The green ammonia will meet the EU’s Renewable Fuels of Non-Biological Origin (RFNBO) standards under the…

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OECD net electricity production rises 5.4% in June 2024

Analysis, Data Insights, Global, News

According to the latest release from the International Energy Agency (IEA), total net electricity production in the Organisation for Economic Co-operation and Development (OECD) countries reached 902.8 TWh in June 2024, reflecting a 5.4% year-on-year (y-o-y) increase. On a year-to-date basis, electricity production in the first two quarters of 2024 rose by 2.9%. The OECD consists of 38 member countries, including major economies such as the United States, Japan, Germany, and Australia, working to promote…