Category: Mega Trends & Analysis

Offshore Hubs in Europe: Harnessing offshore wind via transnational approach

With regards to offshore wind expansion in Europe, numerous ideas have been floated, but the premise remains the same—harness the North Sea’s favourable wind conditions as a source to supply nearby countries with clean electricity. In this regard, energy islands, or hubs, have been a perennial topic of conversation over the last few years. In fact, the idea of energy islands was conceptualised in 2017, when the TSOs of the Netherlands and Germany—TenneT BV and TenneT TSO GmbH respectively, along with Denmark’s TSO Energinet.dk, proposed the NSWPH.

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Saudi Arabian Power Sector: Embarking on energy transition journey

Saudi Arabia, under its Vision 2030, is implementing one of the largest RE expansion plans in the region. Further, the transition towards clean energy will help greatly in decreasing its carbon footprint and positioning itself as an RE leader in the region. In line with the ambitious targets, SEC is taking the necessary initiatives to create a robust and smart grid to fully evacuate power from the planned RE generation.

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EV Sales Set to Rise Faster Than Ever, but More Policy Action Needed: BloombergNEF

The outlook for electric vehicles is brighter than ever, but governments aiming for net-zero carbon emissions by 2050 must do more to spur their adoption. Achieving that goal will require decisive further policy action on all fronts, from accelerating electric car adoption, to expanding charging networks, pushing for battery recycling and new regulations on heavy trucks, as well as encouraging active modes of transport, such as cycling and walking, according to research company BloombergNEF’s (BNEF) latest annual Electric Vehicle Outlook (EVO).

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Snapshot of Global PV Markets 2021

Despite the COVID-19 pandemic, preliminary reported market data shows that the global PV market again grew significantly in 2020. At least 139,4 GWdc of PV systems have been installed and commissioned in the world last year. The total cumulative installed capacity for PV at the end of 2020 reached at least 760,4 GWdc. Outside of China, the global PV market grew from 79,2 GW in 2019, to at least 90 GW in 2020, a 14% increase year on year.

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Offshore Wind Development in APAC: Opportunities in Vietnam

With Vietnam’s continued economic growth, demand for electricity is steadily rising, as is demand for renewable energy sources such as wind, solar, and biomass in the country’s electric mix. Vietnam’s current power generation capacity is about 54 GW and is predicted to grow to 130 GW by 2030. The Government of Vietnam announced its 10 year national energy growth plan in February 2021 to gradually scale up grid capacity to meet this increased. The energy development plan emphasises on the advancement of clean energy, with proposals to raise the proportion of renewable energy to 20 per cent and to minimise reliance on fossil fuels. One of the government’s top priorities for developing the marine economy is the production of offshore wind power.

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Hydrogen bus deployment in the US

The deployment of hydrogen-fuelled buses has witnessed a modest start in the US, with hydrogen buses constituting only 3.1 per cent of the total zero-emission buses (deployed or planned to be deployed) across the country. The deployment is expected to receive a considerable boost in the coming decade, with the ‘scalability’ factor outweighing the high cost of procurement.

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Paving way for renewable integration in Chile

Chile’s power sector has always been able to adapt quickly to the various energy challenges it has faced in the past. It was able to seamlessly transition from a hydro-heavy generation mix to a hydro-thermal mix. And now, it is gearing up to face a new challenge, that of incorporating large amounts of renewable energies as the country looks to retire its coal-based power plants by 2040 and achieve carbon neutrality by 2050.

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Renewables on track to set new records in 2021: IEA

The International Energy Agency has released a report titled, “Global Energy Review 2021: Assessing the effects of economic recoveries on global energy demand and CO2 emissions in 2021”. REGlobal presents the key findings, the detailed analysis on global economic recovery and the renewable energy sector from the report.

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Electric buses in the US: New administration to focus on zero-emission fleet

The Biden administration has expressed its intent to electrify the transportation sector, which is the largest source of greenhouse gas emissions in the country. To this end, on March 31, 2021, the administration released a proposal for a USD2 trillion job and infrastructure plan for eight years. The proposal includes two plans, the American Jobs Plan and the Made in America Tax Plan.

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Kenya, Morocco, South Africa and Zambia Top Markets for Sustainable Power Investment in Africa

Fitch Solutions expects Egypt and Morocco to be the renewables generation growth outperformers in Africa over our decade-long forecast period, expanding by a net total of 26.0TWh and 15.5TWh respectively between 2021 and 2030. While challenges in funding, financing and policy formation will slow renewables growth across most markets on the continent, the ratings agency does not expect these obstacles to feature prominently in Egypt and Morocco.

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EV charging data shows widely divergent global path

The most remarkable thing is just how fast China is pulling ahead on this front. China had over 800,000 EV charging outlets available for public use installed at the end of 2020, up from 516,000 in 2019 and 300,000 in 2018. In December 2020 alone, China installed 112,000 public charging points — more than the entire U.S. public charging network.

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The way forward for renewables in Eastern and Southern Africa

IRENA has released a report titled, “Planning and prospects for renewable power: Eastern and Southern Africa” which assesses the prospects for the power sector in the countries of the Africa Clean Energy Corridor through 2040. As well as analysing the master plans of the two key power pools, it highlights sustainable, renewables-based alternatives based on IRENA’s latest dataset.

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Hydrogen: Exploring opportunities In the Northern Ireland energy transition

National University of Ireland Galway (NUI Galway) with partners HyEnergy Consultancy and Dublin City University (DCU) have published a report on Hydrogen, exploring opportunities in the Northern Ireland energy transition. Hydrogen can play a central role in integrating the electricity, transport and heating sectors, storing, and transmitting large volumes of variable renewables, while also stimulating new innovative industries and economies.

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Resilience of Renewable Energy in Asia Pacific to the COVID‐19 Pandemic

In response to the economic slowdown, most governments in the Asia‐Pacific region have implemented economic recovery packages. Strategies have varied. Strategies have varied. Some have focused directly on livelihoods and healthcare, while others have increased investment in infrastructure. A few have declared strong green recovery strategies intended to guide the entire economy in a new direction.

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Ambitious proposal to transport solar power from Australia to Singapore

A very ambitious AUD 22 billion project to transport solar power from Australia to Singapore and further into Indonesia has also seen a lot of progress. Called the Australia-ASEAN Power Link (AAPL), this project proposes to combine the world’s largest solar farm and the largest battery storage system to produce solar energy primarily to be transported to Singapore through HVDC subsea electricity cable.

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Role and opportunity for utilities in fleet electrification in the US

Fleet managers face multiple challenges in electrifying their fleets. One of the crucial issues is connecting to a utility’s grid for efficient charging options. Utilities will have a decisive role to play in helping fleet operators go green. They will need to support the deployment of EV charging infrastructure, provide incentives, and upgrade the grid to handle the additional electric load. Utilities have already begun capitalising on the emerging opportunities as more fleet operators explore electrification.

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