Tag: clean power

Strategies for Coal Transition in Korea: Report

Strategies for Coal Transition in Korea: Report

March 24, 2023 | ,

The objective of the study was to provide high-level policy recommendations on Korea’s clean energy transition from coal in the power sector. The report covers a detailed review of policy and market developments around Korea’s transition to net zero. The scope of the report includes all sectors of the economy, industry and all the regions across the world, where the authors extract the main recommendations that are applicable to the case of Korea.

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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

March 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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Wind and solar growth save €12 billion since Russia invaded Ukraine

Wind and solar growth save €12 billion since Russia invaded Ukraine

March 10, 2023 |

Russia’s invasion of Ukraine revealed the high cost of relying on fossil fuel imports—but renewables growth helped avoid a worse crisis. In the year following Russia’s invasion of Ukraine, the EU has faced enormous pressure to mitigate energy security risks and protect itself against the soaring costs of fossil fuel imports. With coal prices also surging, the increased cost of fossil fuels pushed up electricity prices and triggered escalating inflation and a cost of living crisis across Europe.

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Fossil Fuel Subsidies in Clean Energy: IEA Report

Fossil Fuel Subsidies in Clean Energy: IEA Report

March 9, 2023 | ,

The IEA has long described fossil fuel subsidies as a ‘roadblock’ on the pathway to clean energy systems and provided data and advice to support their removal. The methodology is a “price gap approach” where a market reference price is established and then compare it with the price paid by consumers. When the end-user price is lower than the reference price, it is counted as a subsidy. The analysis underscores that adding a carbon price to the reference price is more likely to reveal fossil fuel consumption subsidies, even though are no agreed standards for carbon pricing.

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Europe’s Fit-for-55 Target Review: Briefing

Europe’s Fit-for-55 Target Review: Briefing

March 9, 2023 | , ,

Europe’s energy landscape has unquestionably and fundamentally shifted in recent years, but policy discussions may lag behind that new reality. Final negotiations on the EU’s renewable energy target for 2030 are officially scheduled to take place at the trilogue discussions in March 2023. The European Commission and Parliament stand in favour of upping the ambition from 40% to 45% but a blocking minority of Council members are digging in their heels.

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New Program Will Help Ensure Reliable Electricity in Western US

New Program Will Help Ensure Reliable Electricity in Western US

February 25, 2023 |

In the Western region of the United States, the increasing demand for electricity and the need to ensure that resources are adequate to meet this demand led to the establishment of the WRAP. This is an important step toward the ultimate goal of a fully integrated, transparent, and accessible Regional Transmission Organization (RTO) with meaningfully representative governance in the Western region.

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Critical Materials for Scaling Up Hydrogen

Critical Materials for Scaling Up Hydrogen

February 12, 2023 | , ,

Hydrogen is expected to grow sevenfold to support the global energy transition, eventually accounting for 10 percent of total energy by 2050. A scale-up of this magnitude will affect demand for critical materials, including minerals and metals, needed for hydrogen technologies— electrolyzers for renewable hydrogen, carbon storage for clean hydrogen, or fuel cells using hydrogen to power transport.

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Renewable energy transition in sub-Saharan Africa: Paper

Renewable energy transition in sub-Saharan Africa: Paper

February 10, 2023 | ,

Africa has 60% of the world’s best solar resources. The unique opportunity that Sub-Saharan Africa has is to find a way of taking advantage of its relatively low level of incumbent fossil fuel infrastructure compared to many other countries, and a large and growing demand for clean and affordable energy. This paper by Climate Analytics conducts a survey of the issues involved in taking advantage of this opportunity and looks at further critical work needed to advance this.

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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

January 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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<strong>Chile Promotes Decarbonisation: Passes Electricity Storage and Electromobility Promotion Law </strong>

Chile Promotes Decarbonisation: Passes Electricity Storage and Electromobility Promotion Law 

December 25, 2022 |

With an aim to support the country’s decarbonisation plans, Chile has enacted a new Law 21505 to promote electrical energy storage and electromobility. It is based on the Proyecto de Ley Sobre Promoción del Almacenamiento y La Electromovilidad or the Electricity Storage and Electromobility Promotion Bill, which received approval from the Senate in October 2022 and has recently been enacted into law.

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Amendments to Germany’s renewable energy schemes

Amendments to Germany’s renewable energy schemes

December 25, 2022 |

The EEG 2023 support scheme, with an overall budget of €28 billion, aims at achieving a share of 80% of electricity produced from renewable energy sources by 2030, with a view to achieving climate neutrality by 2045. Under the scheme, the aid will generally take the form of a market premium paid by the network operator to the producer on top of the market price for the electricity. However, in the case of very small installations, the aid will take the form of feed-in tariffs. Germany also notified an increase of expansion targets for installed capacity of offshore wind energy installations.

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UK Offshore Supply-Chain Dilemma: IEEFA Report

UK Offshore Supply-Chain Dilemma: IEEFA Report

December 23, 2022 | ,

The UK government has increased its offshore wind capacity ambitions from 11 gigawatts (GW) of current total installed capacity to 50 GW to be installed over the next eight years. The offshore wind industry shares critical supply chains with the offshore oil and gas sector. Both rely on a limited pool of available ports, vessels and personnel. Stimulating both sectors at the same time will spur competition over scarce resources, driving up costs—which will affect the lower-margin offshore wind sector more severely than the oil and gas sector.

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An Action Year: Indian renewables take big strides despite geopolitical challenges

An Action Year: Indian renewables take big strides despite geopolitical challenges

December 14, 2022 |

At COP26 held in Glasgow in Nove­mber 2021, India had announced am­bitious goals to increase its non-fossil fuel capacity to 500 GW and meet 50 per cent of its energy needs from re­new­able energy sources by 2030. A year later, it has accomplished about 172 GW of non-fossil fuel capacity, clearly showing that the country is moving rapidly towards its Glas­gow goals. Meanwhile, renewable energy capacity has reached close to 120 GW as of October 2022 and contributed 13 per cent of the country’s total energy generation between April and October 2022.

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Decarbonization and Clean Electricity Procurement: IEA Report

Decarbonization and Clean Electricity Procurement: IEA Report

November 15, 2022 | ,

The report aims to guide corporates in choosing impactful ways to procure clean electricity. It also highlights the roles of policy makers, regulators, system operators and network owners and operators in increasing the availability and impact of corporate procurement options. The final chapter offers targeted recommendations for different stakeholder groups.

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Southeast Asia’s Integrated Grid Progressing; Downside Risks For Potential Connection With Australia

Southeast Asia’s Integrated Grid Progressing; Downside Risks For Potential Connection With Australia

October 12, 2022 |

Laos’ status as a key supplier of electricity for the Southeast Asian electricity demand will be cemented over the coming years, as developments for an integrated power grid progresses, increasing electricity trade in the region. Laos’ cross-border electricity grid is extensive, connecting its national grid to all five of its adjacent markets (Cambodia, Mainland China, Myanmar, Thailand and Vietnam). 

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Policy landscape presents challenges and opportunities: Invenergy’s Mick Baird

Policy landscape presents challenges and opportunities: Invenergy’s Mick Baird

October 12, 2022 |

Invenergy was an early leader in the clean energy transition and has continually evolved to push the energy industry forward. What began as a largely thermal and wind business is now a full energy solutions provider with an array of new technologies, including solar, green hydrogen, desalination, and large-scale battery storage. While the technology has changed, our approach to responsibly siting clean energy projects that benefit a broad spectrum of stakeholders has remained the same.

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Türkiye needs 40 GW solar and 30 GW wind power in 2030: Ember

Türkiye needs 40 GW solar and 30 GW wind power in 2030: Ember

October 6, 2022 |

By reaching slightly more than a third share in power generation, wind and solar can halve the share of imported fossil sources in power generation. Wind and solar will not only lower the power sector emissions and make the country closer to its net zero target, but will also lower the high costs of fossil fuel imports and can make a country with limited resources more independent. Wind and solar already saved Türkiye $7 billion between July 2021 and April 2022 when the gas prices were half of the current prices.

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Toward Sustainable Energy Connectivity in APAC: Report

Toward Sustainable Energy Connectivity in APAC: Report

October 6, 2022 | ,

ESCAP’s 2022 Regional Trends Report examines the role of power system connectivity in attaining the energy transition. It presents the current status of sustainable development and regional power connectivity in the Asia-Pacific region, pointing out progress and prospects; and it provides insights into where action is most needed, highlighting regional and non-regional examples of successful approaches.

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India’s renewable energy sector experiences a wave of M&A activity

India’s renewable energy sector experiences a wave of M&A activity

October 1, 2022 |

Interestingly, mergers and acquisitions (M&A) continue to dominate India’s rene­wable energy financing, as is the case in many other large markets worldwide. In 2021-22, acquisitions contributed to more than 40 per cent of the total major renewable energy investments in the country. The M&A surge looks likely to continue in 2022-23 as well, with a few big acquisitions already announced and at advanced stages of completion. This article takes a deep dive into some of these acquisitions and assesses the growing renewable en­ergy M&A landscape.

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