Clean Energy News

21 July 2021

Every third power plant installed in 2020 was solar, with the technology reaching a 39% global share, according to a new report by SolarPower Europe. The 'Global Outlook Report' also found that last year the global solar power sector saw 138.2GW of new installations. This represents a year-on-year growth of 18% and a global annual installation record for the sector. The top five solar markets in 2020 were China with 48.2GW of new installations, the US with 19.2GW, Vietnam with 11.6GW, Japan with 8.2GW, and Australia with 5.1GW. Another significant milestone from 2020 was that the global cumulative solar capacity reached 773.2GW, exceeding three-quarters of a terawatt for the first time ever.

21 July 2021

Every third power plant installed in 2020 was solar, with the technology reaching a 39% global share, according to a new report by SolarPower Europe. The 'Global Outlook Report' also found that last year the global solar power sector saw 138.2GW of new installations. This represents a year-on-year growth of 18% and a global annual installation record for the sector. The top five solar markets in 2020 were China with 48.2GW of new installations, the US with 19.2GW, Vietnam with 11.6GW, Japan with 8.2GW, and Australia with 5.1GW. Another significant milestone from 2020 was that the global cumulative solar capacity reached 773.2GW, exceeding three-quarters of a terawatt for the first time ever.

20 July 2021

Globally, governments are only allocating 2% of fiscal support for investing in post-Covid economies to clean energy measures, according to the International Energy Agency (IEA). The Sustainable Recovery Tracker highlighted these shortfalls are particularly pronounced in emerging and developing economies, many of which face particular financing challenges. The tracker considers over 800 national sustainable recovery policies in its analysis, which are publicly available on the IEA website. The tracker monitors government spending allocated to sustainable recoveries and then estimates how much this spending boosts overall clean energy investment and to what degree this affects the trajectory of global CO2 emissions.

16 July 2021

The Derivatives Trading Department, International Trading Business unit (TBU), PTT Plc., is preparing for carbon credit trading. TBU has been closely monitoring the carbon credit market in preparation for enrolling in carbon credit trading via the Intercontinental Exchange (ICE). Moreover, PTT International Trading London Ltd., is at the centre of derivatives trading in Europe which can be a great support for carbon credit trading to meet growing demand. 

The upcoming COP 26 meeting in Glasgow, Scotland in November 2021 will discuss further Article 6 of the Paris Agreement, which mainly relates to carbon markets. Reaching an agreement will level up international commitments on climate change.

14 July 2021

Our partner, ASEAN Centre Energy expressed that in order to achieve net-zero emission, grassroots and public participation and support are heavily needed to accelerate the transition which is inclusive and beneficial to everyone. ACE proposed a strategy to achieve the stated goal by raising energy and climate literacy, raising awareness among communities through local events, campaigns, and dialogues. This would provide a fundamental change to the policy and regulation regarding energy. 

12 July 2021

SET-listed Super Energy Corporation is planning to develop Thailand's first power plant based on hybrid renewable resources under a "firm" power purchase agreement (PPA) which would provide a steady supply of electricity to the Electricity Generating Authority of Thailand (Egat). It is expected that the power plant will start operating by the end of next year and is claimed to have the largest capacity in Southeast Asia for a hybrid renewable power plant. 

8 July 2021

Norfund will administer Norway’s new Climate Investment Fund which will spend NOK 10 billion (USD 1.14bn/EUR 963m) over five years on renewable energy in developing countries with the intention of mobilizing investments in renewable energy.
The CEO of Norfund said the investments will be prioritized in India, Vietnam, Indonesia, and other countries in South and Southeast Asia with intensive use of coal-fired power. 

8 July 2021

As predicting the future energy demand is challenging, digitalization could be one of the cornerstones of the energy transition for Southeast Asian countries. It enables key features of modern energy systems, such as virtual power plants, renewable energy certificates, renewable energy resources forecasting, and demand response control. It also allows extensive monitoring and management. This helps identify inefficiencies in the system early. The data collected also provides a strong foundation for the introduction of evidence-based energy efficiency policies. Despite financial hurdles, it has been shown that investments in smart infrastructure pay off. In Europe, for instance, household energy efficiency measures have managed to cut energy use by up to 6 percent.