News
RE Energy
March 20, 2023
EU unveils Net-Zero Industry Act in response to IRA
The European Union has introduced a range of fresh initiatives to foster green technology and secure raw materials, in an effort to maintain its competitive edge against the U.S. and China amid growing global protectionism.
March 16, 2023Grid shortage hinders South Africa's power generation plans
Shortages of grid connections is a significant obstacle that must be addressed as South Africa endeavors to increase its power generation capacity to put an end to its unprecedented blackouts, according to the head of an office that procures power from pr
March 15, 2023China likely to triple its target for renewables, says Goldman Sachs
China is likely to install nearly three times more wind turbines and solar panels by 2030 than its current target, helping shift the world's largest fuel importer toward energy self-sufficiency, according to Goldman Sachs Group Inc.
March 13, 2023China’s rooftops could host solar capacity almost the size of global total
China’s buildings and rooftops have potential to host more than 1,000 GW of solar power capacity — almost the same size as the entire existing global industry, according to the sector’s largest manufacturer.
March 13, 2023U.S. solar industry set to rebound in 2023: report
New solar installations in the U.S. dropped 16% to 20.2 GW in 2022 from the prior year, largely because a ban on some Chinese goods limited the availability of panels, according to a market report released on Thursday.
March 03, 2023BP to invest $2 billion in building green hydrogen hub in Spain
BP recently announced plans to invest up to 2 billion euros ($2.12 billion) in its Spanish refinery to produce low-carbon hydrogen and biofuels through the HyVal project.
March 02, 2023China approves record number of new coal-fired power plant in 2022
China approved the construction of 106 GW of new coal-fired power capacity last year, four times more than the previous year and the highest level since 2015, spurred by energy security concerns, according to a research released on Monday.
March 02, 2023Gas shortage is unlikely to hit Germany next winter, research suggests
Germany is not likely to encounter a gas crisis this winter and should postpone the conversion of floating liquefied natural gas (LNG) terminals to fixed ones, a report by the DIW economic institute said.
March 01, 2023Germany scales up energy transition to strengthen renewables industry
Germany has identified three core measures including financial support to boost energy transition technologies as well as increased green power generation and transmission to regain its position, Economics Minister Robert Habeck said on Tuesday.
February 23, 2023Australia must accelerate renewables deployment to avoid power shortage
Blackouts could hit eastern Australia by the middle of this decade if renewable energy projects are not scaled up as the country rapidly shifts away from its reliance on coal-fired power plants, the energy market operator said on Tuesday.