Customers get a cost-effective way to generate their own power, a source of backup power in the event of grid outages, and payment for power they send back to the grid.

Switzerland plans to build two to three gas-fired plants with a total capacity of 1 GW as part of a gas reserve.

China, the world's biggest greenhouse gases emitter and coal consumer, is expected to add 180 gigawatts (GW) of new power generation capacity from non-fossil fuel sources during 2022, driving total non-fossil fuel capacity to 1,300 GW, according to a report issued by the China Electricity Council (CEC) late on Thursday.

The Santiago project would comprise eight power generation units, with 304.10 MW Francis-type turbines and would require US$3bn of private investments for a total budget of US$6.7bn.

China aims to boost its pumped storage capacity to 62 GW by 2025 and 120 GW by the end of the decade.

The facility will plug into an electrical grid that relies on hydropower and is 90% carbon-free,

India aims to reach a non-fossil energy capacity of 500 GW by 2030.

The global power market is experiencing rapid power demand growth as markets recover from the pandemic.

As per the recently released, World Energy Outlook 2021, IEA forecasts that’s India's power demand is slated to nearly treble to 5000 TWh by 2050, let primarily by renewable sources of energy.

The World Bank has awarded a US$380m loan to build the 1,040 MW Upper Cisokan pumped-storage hydropower plant, to be located between Jakarta and Bandung in Indonesia.