Category: Mega Trends & Analysis

Supporting Low-carbon City Development in Shanghai

The World Bank-financed Green Energy for Low-carbon City in Shanghai Project scaled up low-carbon investments in buildings in Shanghai, mainly its Changning District. A total of 67 buildings were retrofitted with low-carbon technologies, resulting in annual energy savings equivalent to over 78,083 tons of coal equivalent and reducing carbon emissions by an estimated 189,946 tons annually.

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Europe leads in offshore wind turbine installation vessel, followed by China

According to GWEC Market Intelligence, there are 137 vessels worldwide, of which 82 are jack-up vessels and 55 are heavy lift vessels, that have participated in offshore wind turbine installation work. Of these vessels, 61 per cent are located in Europe and the remaining 39 per cent are located in China, which is no surprise considering these are currently the largest offshore wind markets globally.

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Clean Energy Is Canceling Gas Plants in the US

Data from competitive markets is beginning to reflect this emerging reality. As of mid-2020, power plant projects planned for construction in two of the most competitive US electricity markets (ERCOT in Texas and PJM in the Northeast) have shown a remarkable shift from gas to clean energy. Gas generation is now attracting only a small fraction of investor interest compared to clean energy and will soon likely see its market share decline accordingly.

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Global wind & solar project delivery to outperform while coal plants languish: Fitch Solutions

The three largest power markets globally by capacity namely, China (1st), the US(2nd) and India (3rd) are – as expected – the largest projects markets in our KPD. We see that the US is the market that has undergone the largest development of projects totaling 360, with onshore wind (156 project count), solar PV (112) and natural gas plants (75) capturing 95% of the market’s additions.

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Renewable energy potential in North Africa remains largely untapped: IEA

As the necessity of energy system transformation gathers pace at a global level, North African countries are increasingly making efforts towards their respective clean energy transitions. Clean energy transitions offer opportunities for North African countries to transform their energy infrastructure in ways that can meet the region’s growing energy demand, create much-needed jobs and promote equitable socio-economic development, diversify their economies, and build climate change resilience, all while achieving low-carbon, sustainable, inclusive economic growth.

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Offshore wind transmission trends in Europe

Europe is betting big on offshore wind, which now is a key component of the European energy transition agenda. This has been possible due to the strong support from policymakers and regulators, the drastic fall in technology costs, demonstrated competencies in installation, and economic success in recent auctions.

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Tunisia focuses on grid expansion for integrating renewable energy

To reduce this dependence on fossil fuels and to promote the use of cleaner energy resources to meet its target of reducing carbon emissions over the next decade, the Government of Tunisia, in 2015, implemented the Renewable Energy (RE) Law, which encourages electricity production from RE-based sources and promotes private sector involvement in the segment. However, since 2015, only 10 MW of solar capacity has been added to the existing RE capacity.

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Asia Pacific to Become Largest Offshore Wind Market by 2030: GWEC

China will continue to dominate the Asian offshore wind market in the first half of this decade, with more than 70% market share. Taiwan is expected to be the largest offshore market in Asia after China in new installations in the same period. However, the scales will tip from 2025, when more utility-scale offshore wind projects get connected in Japan, South Korea and Vietnam.

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State of the Hydrogen Market: Key Trends and Cost Analysis

Key factors that will drive green hydrogen prices are the quality of the renewable resource, renewable and electrolyzer capital expenditures, and load factors that extend above 3,500 hours per annum. Fuel cell technologies come with different costs, efficiencies, operating temperatures, and lifetimes. Therefore, capital exenditures alone will not always be the key driver of technology choice.

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