2023, March, 24, 07:25:00GLOBAL RENEWABLES CAPACITY UP
Renewable generation capacity increased by 295 GW (+9.6%) in 2022. Solar energy continued to lead capacity expansion, with a massive increase of 192 GW (+22%), followed by wind energy with 75 GW (+9%). Renewable hydropower capacity increased by 21 GW (+2%) and bioenergy by 8 GW (+5%). Geothermal energy increased by a very modest 181 MW.
2023, March, 15, 07:00:00CHINA ENERGY MODERNIZATION
China has accounted for the world's largest solar capacity addition in recent years, with around 30% of installed global capacity, but most of the low-hanging fruits have been picked, and deeper penetration into the energy mix requires overhauling large parts of the power system.
2023, March, 15, 06:50:00INDIA ENERGY RISKS WILL UP
India has also neglected its hydropower potential, which accounts for only around 13% of the country's total installed capacity.
2023, March, 10, 16:50:00OIL PRICES 2023-24: $84 - $78
The Brent crude oil spot price will fall from an average of $84/b in the second quarter of 2023 (2Q23) to $81/b in 4Q23 and then average $78/b in 2024.
2023, March, 10, 16:45:00U.S. RENEWABLES UP BY 12%
The latest issue of EIA's "Electric Power Monthly" report (with data through December 31) reveals that renewable energy sources (including small-scale solar systems) increased their electrical output by 12.37% last year compared to 2021.
2023, March, 10, 16:40:00U.S. RENEWABLES GROWTH
The US Department of Energy (DOE) has numerous programs that provide funding to support energy resilience projects throughout the country.
2023, March, 3, 11:55:00GERMANY'S RENEWABLE PRICES UP
After excluding 7 bids due to formal errors, the regulator selected 119 proposals with prices ranging between €7.24c/kWh and the maximum permissible value of €7.35c/kWh. The volume-weighted average reached €7.34c/kWh (+25% compared to the previous round).
2023, February, 15, 13:35:00U.S. RENEWABLES GROWTH
Renewable energy sources (i.e., biomass, geothermal, hydropower, solar, wind) provided nearly three-quarters (74.1%) of new utility-scale generating capacity in the U.S. last year.
2023, February, 8, 12:45:00OIL PRICES 2023-24: $82 - $78
spot price of Brent crude oil falls to an average of $82/b in 2H23 and $78/b in 2024.
2023, February, 8, 12:40:00FRANCE'S, INDIA, UAE ENERGY COOPERATION
The UAE's Minister of Foreign Affairs and International Cooperation Abdullah bin Zayed Al Nahyan, France's Minister for Europe and Foreign Affairs Catherine Colonna and India's Minister of External Affairs Subrahmanyam Jaishankar agreed to establish a formal trilateral cooperation initiative last September
2023, January, 30, 11:10:00TURKEY'S CLEAN ENERGY PLAN
National Energy Plan of Türkiye has been announced and published last week by the Ministy of Energy and Natural Resources. The plan which is prepared based on 2053 Net Zero Emission target covers the period of 2020-2035.
2023, January, 25, 10:30:00CHINA'S ENERGY WILL UP
China’s power consumption will increase by around 6% in 2023 (after an estimated 3.6% increase in 2022) and that the country will instal around 250 GW of new capacity during the year.
2023, January, 25, 10:25:00U.S. ENERGY WILL UP
According to the latest issue of FERC's monthly "Energy Infrastructure Update" (with data through November 30, 2022), "high probability" additions by solar to U.S. generating capacity between December 2022 and November 2025 will total 72,809 megawatts (MW).
2023, January, 23, 12:25:00CHINA'S ENERGY UP
China’s National Energy administration (NEA) has announced that the country’s installed capacity increased by nearly 8% 2022.
2023, January, 11, 11:40:00OIL PRICES 2023-24: $83 - $78
The Brent crude oil price will average $83 per barrel (b) in 2023, down 18% from 2022, and continue to fall to $78/b in 2024 as global oil inventories build, putting downward pressure on crude oil prices.