Category: Mega Trends & Analysis

Europe must double its pace of wind and solar deployment: Ember

With the gas crisis and Russia’s war in Ukraine, energy security been shooting up on the top of the EU’s agenda. Seeing the urgency of reducing dependence on imported fossil fuels, the European Commission and European Union (EU) member states have increased ambition on renewable energy. However, this needs to be coupled with actual delivery through national legislation, the removal of administrative barriers, effective support schemes and increased investment.

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Game Changers: Front runners in the global green hydrogen space

As per the Hydrogen Council, as of November 2021, global investments amounting to $160 billion have been announced for hydrogen projects up to 2030. Roughly half of the said investment has been earmarked for electrolysis and hydrogen projects based on clean energy sources. Several countries are leading the way in the deployment and promotion of green hydrogen. REGlobal identifies the present front runners in the green hydrogen race, their progress and outlook.

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South Africa: Hydrogen Roadmap – A Crucial Step in the Energy Transition Journey

In February this year, the South African Hydrogen Society Roadmap (HSRM) was published by the South African government. As the country navigates its energy transition, the Roadmap is considered to be an important marker on its path towards implementing hydrogen development, which is envisaged to be at the centre of South Africa’s strategy for economic growth and mitigating climate change.

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Strong Project Pipeline: Nepal’s Power Sector Poised for Major Growth

As of 2020-21, Nepal’s total installed capacity stands at 1,451.34 MW, having grown at a compound annual growth rate (CAGR) of 11 per cent from 855.88 MW in 2015-16. This includes both independent power projects (IPPs) and NEA projects. Of the total installed capacity, hydro accounts for the largest share of 96.23 per cent, followed by thermal with 3.68 per cent and solar with the remaining 0.09 per cent.

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Clean Buses in the UK: Measures by major bus operators to decarbonise their fleets

With the Government of UK looking to introduce restrictions on the use of diesel engine vehicles to achieve net zero emissions by 2050, bus operators have begun acting to future proof their business models and to improve profitability. They have been entering into partnerships with the government, local authorities, manufacturers, and research institutes to develop innovative technology and to plan their transition to zero-emission fleets.

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Taking a Hit: Indian renewables sector grapples with global supply disruptions and price uncertainties

The global supply chain disruptions, which were triggered by the pande­mic, have now es­calated owing to the Ru­ssia-Ukraine conflict and threaten to derail the progress of the sector. The pri­ces of es­sential raw materials such as pol­ys­ilicon, st­eel, copper and aluminium have in­crea­sed due to the supply shortage. Will these disruptions slow down India’s energy transition? Or will these be short-term hiccups and the country’s renewable energy sector come out unaffected throu­gh this storm?

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Modernising the American Grid: US DOE launches several programmes under BIL

In 2021, the Biden Administration set ambitious climate goals of reaching 100 per cent clean electricity by 2035 and net zero emissions by 2050. This has put the spotlight on the urgent need for rebuilding and modernising the country’s ageing electricity transmission grid. To support these goals, huge dedicated federal funding allocations have been made for grid modernisation under the Bipartisan Infrastructure Law (BIL), enacted as the Infrastructure Investment and Jobs Act (IIJA) in November 2021.

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Greater Scope for Renewables in ASEAN

Solar and wind generated only 4% of the ASEAN 5’s electricity last year, lagging behind peers like China (11%) and India (8%). Among the ASEAN 5, only Viet Nam (11%) exceeds the world average in solar and wind, which generated 10% of global electricity for the first time in 2021. The rest is still below 5%. The vast potential of clean energy in the ASEAN 5 is unfortunately not reflected in its latest 2030 plans.

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Hydrogen in Australia – The States of Play

Australia does not have any federal laws in place that deal directly with hydrogen. There are existing funding mechanisms in place, as well as new announcements from the Labor government aimed at encouraging renewables development. The federal government has also taken the lead in trying to achieve harmonisation across the states in the regulation of hydrogen. This Legal Update provides a brief overview of the existing and planned legislation for hydrogen in Australia’s six states and two territories.

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Chile Decarbonisation Plans: Focus on grid modernisation and digitisation

Chile has set a target of providing carbon neutral electricity by 2050 and aims to retire its 28 installed coal projects with a cumulative capacity of over 5,529 MW by 2040. As per PELP, 81.6 GW of new generation capacity will be added during 2022–50, entirely based on renewables, including 6.6 GW of storage capacity. However, the withdrawal of coal-fired plants and insertion of renewables bring several challenges for the grid.

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Europe’s EV Charging Infrastructure: No block to EV adoption, indicates T&E report

Over the past few years, deployment of public charging infrastructure across the EU has grown substantially with swift EV market penetration. By the end of 2021, the 27 countries of the EU (EU-27) had 3,38,191 public chargers in place. This was triple the numbers recorded in 2018 and about 1.75 times that in 2020. EVs themselves have grown by more than five and half times between 2018 and 2021 from 0.7 million to 3.8 million.

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Optimal Energy Mix: Pakistan targets raising the share of renewables

Pakistan’s power supply had been unreliable for many years in the past. To address this problem, huge investments were made in the recent past for increasing the power generation capacity in Pakistan. Source-wise, the largest share of around 25,098 MW comes from thermal, while the second largest share of 9,915 MW comes from hydro. Renewables account for around 5 per cent of the capacity, with 1,248 MW of wind, 530 MW of solar, 369 MW of bagasse.

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Strong offshore wind growth expected in the US from 2025 onwards: GWEC

Since the ambitious 30 GW by 2023 offshore wind target was released by the Biden–Harris Administration, there has been a noticeably positive attitude towards pushing the rollout of offshore wind on the political agenda. Although no new offshore wind turbines were installed in the US in 2022, the US offshore wind market continues to gain strong momentum in both state and federal waters.

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A clean start: South Korea embraces its hydrogen future

The private sector has played an important role in facilitating investment into the budding industry – last year, five South Korean conglomerates jointly announced plans to invest over $US38 billion into the hydrogen economy by 2030 and that is set to continue, not just in terms of financing, but through the provision of critical knowhow and technical guidance.

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Offshore Wind Strategy in EU

In November 2020, the European Commission presented an EU-wide strategy for offshore wind. The strategy includes both the Commission’s vision and targets for offshore wind in Europe, as well as non- binding guidance for European member states on how to reach their individual national goals and contribute to achieving the EU ́s overarching targets for the uptake of offshore wind. The strategy defines a non-binding volume target of 300 GW by 2050, with a subtarget of 60 GW by 2030 for the whole of the EU.

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Renewables rescue Turkey’s electricity sector

Wind and solar power generation lowered Turkey’s import bills by preventing seven billion USD fossil fuel imports in the last 12 months. In the following months, approximately 700 million USD in savings is expected each month if the gas price remains the same. While the Transmission System Operator reserves limited capacities for wind and solar, auctions attract 10-15 times more applications than the auctioned capacities.

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Roadmap for ZEV Transition in Canada

Light-duty vehicles (LDV), including passenger cars and light trucks, are the largest source of transport GHG emissions in Canada, accounting for close to half of total transport emissions. In December 2021, Environment and Climate Change Canada (ECCC) launched consultations on how it should achieve Canada’s targets of at least 50% zero-emission LDV sales by 2030 and 100% by 2035. In March 2022, it announced plans to develop a sales mandate to require at least 20% electric vehicle (EV) sales by 2026 and 60% by 2030.

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Strong Winds: Deciphering China’s booming wind industry

China’s wind market has witnessed a greater policy push in the recent times, encouraging greater innovation and investment in the sector. Certain advantages with regards to manufacturing of wind turbines have also contributed to China’s leading position in the segment. Given adequate policy and regulatory support, repowering activities can play a significant role in China’s wind market. Given the current trajectory, the country is likely to continue dominating the global wind energy market.

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Solar Module Pricing To Ease With Rising Global Polysilicon Production Capacity

Strong solar module demand will continue to prop up component prices and place upward pressure on solar capital costs through the near term. Upstream polysilicon production will fail to meet strong demand over the near term, pushing up the price of modules and inflating solar CapEx over 2022. However, new production capacity additions across the solar module value chain will boost supply in the market, stabilising prices before returning CapEx to a downward trend in 2023.

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