RE Market & REC

June 07, 2023

IEA: Global solar additions to hit 310 GW in 2024

The International Energy Agency (IEA) has released a new recent market report update regarding the outlook for renewable energy in 2023 and 2024.
June 02, 2023

Global floating solar to surpass 6 GW by 2031

The global floating solar market is projected to surpass 6 GW by 2031, as PV developers struggle to meet increasing solar demand and turn to alternative technologies for development, according to Wood Mackenzie.
May 29, 2023

Global clean energy investments to hit $1.7trln in 2023– IEA

Investments in clean energy could outpace spending on fossil fuels due to energy security concerns exacerbated by the war in Ukraine, as well as policy support from wealthy countries, according to a new report published by the International Energy Agency
May 04, 2023

Australia’s record renewables drive down energy prices, emissions

Australia’s renewable energy output hit record level, helping extend the slide in wholesale power prices in the first three months of 2023, displacing fossil fuels and sending carbon emissions from the sector to new lows for the first quarter.
April 24, 2023

Brazil surpasses China to become biggest I-REC issuer

Demand for Brazilian international renewable energy certificates (I-RECs) rose to 13.96 TWh in the first quarter from 8.5 TWh a year earlier, making Brazil the largest global market.
April 20, 2023

Foxwell Power helps multinational corporation decarbonise supply chain

A growing number of multinational and large local companies are committing to become carbon neutral. While such a move has yet to be mandated by the government, a major multinational firm last year signed a Memorandum of Understanding (MoU) with Foxwell P
April 12, 2023

‘Entering the clean power era’: Global wind, solar reached record levels in 2022

Wind and solar reached a record 12% of global electricity generation in 2022, up from 10% in 2021, according to the latest Global Electricity Review released Wednesday by energy think tank Ember.
March 23, 2023

Global renewables capacity additions increased by 10% last year: IRENA

The International Renewable Energy Agency (IRENA) reported on Tuesday that renewable energy capacity worldwide grew by 9.6% last year. Despite this impressive growth, IRENA warned that the rate of expansion must triple to limit global warming.
March 22, 2023

Netherlands plans to build 500 MW offshore green hydrogen project in North Sea

The Dutch government has unveiled its plans to construct a large-scale hydrogen production facility to covert wind power into hydrogen in the North Sea.
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.