Category: Mega Trends & Analysis

UK’s Transition from Coal to Clean Energy

UK’s Transition from Coal to Clean Energy

Mar 24, 2023 |

The UK is now aiming to achieve complete decarbonisation of the power sector by 2035—a world-leading target. This ambition is even more impressive given that power demand in the UK looks set to halt its decline and begin to rise rapidly—doubling by 2050—as more of the UK economy electrifies. There is no single cause for the rapid decline of coal in the UK. Instead, the journey from fossil-fuel dependent to renewables champion can be attributed to five main factors: setting of ambitious short-term targets, the changing economics of coal, policy support for wind power, market reforms, and investments and innovations in the grid.

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<strong>Australia Rewiring the Nation: To expedite grid expansion for renewable integration</strong>

Australia Rewiring the Nation: To expedite grid expansion for renewable integration

Mar 10, 2023 |

In recognition of the fact that there will be no transition to a net zero future without a concerted investment in transmission infrastructure, the new Australian government, in October 2022, launched the ‘Rewiring the Nation’ initiative to modernise the power system to speed up the deployment of renewables. With a budget of AUD20 billion, the initiative will be implemented through a new Rewiring the Nation Office (RTNO) in the Department of Climate Change, Energy, the Environment and Water.

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Asia Green Hydrogen Index: Australia and Mainland China Outperform

Asia Green Hydrogen Index: Australia and Mainland China Outperform

Mar 5, 2023 |

We believe that Asia holds high potential for green hydrogen production and consumption, which will be gradually capitalised on this decade. Australia and Mainland China are outperformers in our Green Hydrogen Suitability Index, scoring above other regional and global peers due to strong renewables sectors and pipeline of projects. We highlight that hydrogen developments in Asia are increasing as well, with markets such as India and Singapore capitalising on their potential to be key players in the global hydrogen trade.

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Top 10 European solar power markets of 2022

Top 10 European solar power markets of 2022

Feb 25, 2023 |

The top 10 solar markets in the EU accounted for 87 per cent of all deployments in 2022, a 3-percentage point decline from their proportion of 90 per cent in 2021. Between now and then, the share of the top 5 solar markets has decreased, accounting for 65 per cent of the market as opposed to 75 per cent in 2021 and 78 per cent in 2020. This is also demonstrated by the fact that more nations than the previous year have installed solar power.

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NAWE Green Hydrogen Index: Strong Hydrogen Policy Supports US Global And Regional Leadership

NAWE Green Hydrogen Index: Strong Hydrogen Policy Supports US Global And Regional Leadership

Feb 19, 2023 |

Despite a slight fall in the regions Hydrogen Index score since Q421, NAWE remains the global leader due to a strong renewable base, low risks and policy support for green hydrogen production. In the Green Hydrogen Suitability Index, which measures a market’s attractiveness for green hydrogen investment, NAWE’s regional average for the hydrogen suitability score is 67, which is well above the global average of 47.

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Promoting cross-border hydropower development in South Asia

Promoting cross-border hydropower development in South Asia

Feb 17, 2023 |

India and its neighbours, Bhutan and Nepal, are actively engaged in harnessing and utilising the hydropower resources of the region to meet the rising electricity demand. The profile of power demand in these countries complements the domestic seasonal variation in power generation; besides, the proximity of hy­droelectric plants (HEPs) to major dema­nd centres offers several benefits. A look at the cross-border hydro development initiatives that India is implementing with Bhutan and Nepal.

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Supply chain issues constrict US solar installations in 2022

Supply chain issues constrict US solar installations in 2022

Feb 15, 2023 |

The US solar industry installed 4.6 gigawatts-direct current (GWdc) of capacity in the third quarter of 2022, a 17% decrease from Q3 2021 and a 2% decrease from Q2 2022. Commercial, community, and utility-scale solar were all down quarter-over-quarter – an unsurprising outcome given the nearly ubiquitous project delays from supply chain constraints. The trend for residential solar looks quite different. Quarterly installs set another record at 1,568 MWdc.

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Greening Energy Mix: <strong>Investments focus on increasing renewables in Tunisia</strong>

Greening Energy Mix: Investments focus on increasing renewables in Tunisia

Feb 15, 2023 |

To meet the increasing demand for electricity, enhance energy security and promote the use of cleaner energy resources to reduce carbon emissions over the next decade, the Tunisian government, in June 2022, raised its 2030 renewable energy target to 35 per cent from 30 per cent of power generation. The previous target was included in the renewable energy law of 2015. The new target translates to a renewable capacity addition of 4 GW during the 2022-30 period, a tenfold jump from the installed capacity of 472 MW as of March 2022.

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Regulatory environment is the key barrier for renewables in Indonesia: IRENA

Regulatory environment is the key barrier for renewables in Indonesia: IRENA

Feb 12, 2023 |

Despite being smaller in comparison to other sources of energy, renewable capacity expanded by more than 50% from 6.9 GW in 2010 to 10.6 GW in 2020. This is mostly due to the nearly doubled installed capacity of geothermal and hydropower. Given that it has not yet fully used economies of scale, Indonesia confronts higher renewable generation costs than the world average, particularly for geothermal, solar, and wind energy.

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Nigeria’s Renewable Energy Roadmap

Nigeria’s Renewable Energy Roadmap

Feb 9, 2023 |

International Renewable Energy Agency (IRENA)’s report titled “Renewable Energy Roadmap: Nigeria” published in January 2023 sheds light on how Nigeria’s economy is making efforts to increase uptake of renewables. It also provides a roadmap for the country using two scenarios. REGlobal provides a brief extract of the report.

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Scaling Up: <strong>Overview of potential and key developments in small hydro sector</strong>

Scaling Up: Overview of potential and key developments in small hydro sector

Feb 6, 2023 |

The geographically diverse South Asian region is rich in a variety of renewable energy sources including small hydro. Small hydro projects offer many benefits when compared to large hydro projects in terms of lower capex costs, smaller gestation periods and less environment concerns. The following article provides a wrap up on the key developments across the different South Asian countries in the small hydro space.

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Promoting Renewables: Uptake of clean energy in Maldives

Promoting Renewables: Uptake of clean energy in Maldives

Feb 2, 2023 |

The Maldives has been naturally bestowed with abundant renewable energy resources that include solar, wind, and ocean. Utilisation of these renewable energy sources will offer the potential to reduce electricity generation costs, fuel imports and fiscal burden on the government in the country. According to data by the International Renewable Energy Agency, the share of renewable energy in the total energy mix of Maldives is just 6 per cent.

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Renewables Strongly Growing Amid Coal Contraction And Nuclear Headwinds In South Korea

Renewables Strongly Growing Amid Coal Contraction And Nuclear Headwinds In South Korea

Jan 23, 2023 |

South Korea’s gas-fired power generation will replace coal to be the dominant power type in the market’s power mix in the middle of the decade, as the momentum for the sector’s growth strengthens. Over the coming years, we expect South Korea’s coal power sector to shrink gradually as the market pivots to other sources of power, which are less carbon-intensive. Non-hydropower renewables will experience the strongest growth in its sector’s contribution to South Korea’s electricity supply despite indications of lowering the sector’s targets.

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Fossil Fuels Will Continue To Dominate Vietnam’s Power Mix This Decade Despite JETP Improving Renewables Prospects

Fossil Fuels Will Continue To Dominate Vietnam’s Power Mix This Decade Despite JETP Improving Renewables Prospects

Jan 16, 2023 |

On December 14 2022, Vietnam and the International Partners Group agreed on a USD15.5bn partnership for Vietnam to reduce coal power generation, working toward the market’s 2050 carbon net-zero goal. This partnership, also known as a Just Energy Transition Partnership (JETP), involves the EU, the UK, the US, Canada, and Japan. Similar to the JETP for Indonesia, this partnership’s outlay will involve public and private financing over the next three to five years.

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Setting Sail: A new course for offshore wind development in India

Setting Sail: A new course for offshore wind development in India

Jan 14, 2023 |

With roughly 42 GW of installed wi­nd power capacity as of Novem­ber 2022, India is one of the leading nations in terms of wind power dep­loy­me­nts. Much older and more mature than the solar power segment, wind pow­er dominated India’s renewable energy mix for years. However, of late, the segment has wit­nessed a significant slowdo­wn in capa­city addition and lags far behind solar po­wer, which has an installed capacity of over 61 GW.

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Offshore Wind in Europe: TSOs to deploy new solutions for large-scale integration

Offshore Wind in Europe: TSOs to deploy new solutions for large-scale integration

Jan 8, 2023 |

According to the Marienborg declaration of August 30, 2022, eight Baltic Sea countries – Poland (5.9 GW), Germany (3.8 GW), Denmark (6.3 GW), Lithuania (1.4 GW), Estonia (1 GW), Sweden (0.7 GW), Latvia (0.4 GW) and Finland (0.1 GW) – have set a combined offshore wind target in the Baltic Sea region of at least 19.6 GW by 2030, which is seven times the current capacity. The declaration also recognises the potential for offshore wind in the Balitc Sea basin of up to 93 GW.

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Global Energy Storage Pipeline Led By NAWE And Asia With Battery Systems Most Popular

Global Energy Storage Pipeline Led By NAWE And Asia With Battery Systems Most Popular

Jan 8, 2023 |

We believe that a key factor that is supporting the strong pipeline in NAWE and Asia is that several markets, such as the US, Australia and Mainland China are forecasted to see significant growth in their non-hydropower renewables capacity in the next decade and limited large scale baseload low carbon power generation options. We forecast that the US, Australia and Mainland China will have 35%, 26% and 31% of their total electricity generation from renewable sources in the year 2031 respectively.

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Mostly Sunny: <strong>Analysing global solar power trends</strong>

Mostly Sunny: Analysing global solar power trends

Jan 4, 2023 |

By end 2021, the world had installed 940 GW of operational solar energy. Over the past few ye­ars, while countries such as China and the US have maintained their leadership positions in the solar market, others such as India and Spain are increasingly beco­ming competitive. This article identifies the frontrunners in global solar deployment, the key drivers of growth and the outlook for the sector.

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<strong>Japan’s Electricity Sector Reforms: Transition to next generation power networks</strong>

Japan’s Electricity Sector Reforms: Transition to next generation power networks

Dec 28, 2022 |

The power transmission and distribution (T&D) segment has a vital role to play in supporting this objective as electricity networks need to be overhauled to strengthen Japan’s ageing power grid so they can evacuate large-scale renewables while maintaining grid stability and resilience. Towards this end, the 10 general power T&D companies in Japan comprising the Grid Council have formulated a plan titled “Toward Carbon Neutrality by 2050 – Roadmap to the Next Generation of Power Networks”.

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Hydrogen Fleet in South Korea: Push to deploy 40,000 fuel-cell buses by 2040

Hydrogen Fleet in South Korea: Push to deploy 40,000 fuel-cell buses by 2040

Dec 14, 2022 |

The Government of South Korea announced in November 2022 that it would boost its hydrogen industry by creating large-scale domestic demand, developing relevant infrastructure, and establishing a global supply chain. Initially, the government will focus on hydrogen vehicles. It aims to raise its supply of high-mobility vehicles, such as hydrogen buses and trucks, with the goal of deploying 30,000 hydrogen commercial vehicles and building 70 liquid hydrogen refuelling stations in the country by 2030.

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