Southeast Asia bets big on pumped hydro with 18 GW tipped by 2033
State-owned utility companies dominate pumped hydro projects in most of Indonesia, the Philippines, Vietnam and Thailand.
The Hydrogen Stream: Sembcorp signs term sheet to supply green ammonia from India to Japan
Sembcorp Green Hydrogen, an arm of Sembcorp Industries, has signed a term sheet with Sojitz Corp. and Kyushu Electric for the supply of green ammonia produced in India to Japanese off-takers. Sembcorp will utilise renewable energy to produce an initial 200,000 metric tonnes per annum of green ammonia in India.
India installed 7.1 GW of renewable energy capacity in March
India set new record for monthly renewable energy installation by adding 7.1 GW of renewable energy capacity in March 2024. This monthly RE addition comprised more than 6.2 GW from solar.
Rystad tips Australian projects to help propel global green hydrogen growth
Rystad Energy has countered the International Energy Agency’s (IEA) recent “reality check” for the green hydrogen sector, predicting that the momentum behind renewable-based hydrogen will gather pace in 2024 as global renewable energy capacity continues to expand rapidly.
Europe to add 58 GW of solar in 2023
Europe’s solar installation levels are exceeding expectations and are on track to grow 30% this year from 2022, according to Rystad Energy.
European warehouses now storing more than 80 GW of unsold solar panels
New figures provided to pv magazine by Rystad Energy reveal that the amount of unsold panels in European warehouses may have more then doubled between mid-July and the end of August, and that it may reach 100 GW by the end of the year. Analyst Marius Mordal Bakke explained that PERC modules bought and stored by a European distributor for $0.23/W in March are now facing an average spot price of $0.16/W today, which could very likely be $0.15/W next month.
Batteries overtake pumped hydro in Australia’s National Electricity Market
Grid-scale battery storage systems have surpassed the charging capacity of pumped hydro in Australia’s national grid, following the recent completion of two new battery projects, totaling 150 MW.
European warehouses store 40 GW of unsold solar panels
Rystad Energy says that about €7 billion ($7.8 billion) of solar panels are now being stored in Europe, but European developers continued to buy solar modules from China throughout the first half of this year.
Wind, solar payback times under a year in some parts of world, says Rystad
Record energy prices, particularly in Europe, are driving demand for renewables and energy storage. That is changing the equation for utility solar and wind investment and shortening project payback times to under a year in some regions. Storage deployment, driven by recent policy developments around the world, is also expected to get a big boost through to 2030.
India’s electrolyzer manufacturing capacity will reach 8 GW per year by 2025, says Rystad
India will have six hydrogen electrolyzer gigafactories operational by 2025, aggregating to a combined annual capacity of over 8 GW.
