The project is set to reach a storage capacity of 5,230 MW and involves 10,800 MWh of daily storage capacity from a pumped-storage plant, with the integration of 3,000 MW of solar and 550 MW of wind capacity.

China’s Shandong Provincial Energy Administration has called for proposals to build 10 fixed offshore solar PV power plants, with a combined capacity of 11.25 GW and set to be realised between 2022 and 2025.

The Philippines has an installed capacity of 26.8 GW (end-2021), with 41% of coal, 17% of oil, 14% of hydro and 13% of gas.

The Brent price will average $107/b in 2Q22 and $103/b in the second half of 2022, the average price to fall to $97/b in 2023.

The EU wants to combine faster deployment of renewables, greater energy savings, diversification of supplies from international partners and new tools to accelerate investment in a bid to replace coal, oil and natural gas from Russia following the country’s invasion of Ukraine.

The bloc should have at least 1,000 gigawatts of photovoltaics installed in the region by 2030 -- equivalent to roughly the world’s current capacity -- according to a joint letter signed by Austria, Belgium, Lithuania, Luxembourg and Spain to the bloc’s climate chief Frans Timmermans and Energy Commissioner Kadri Simson.

I believe we are in fact in the first global energy crisis, and this is affecting the oil markets, gas markets, electricity markets and coal markets. The world has never seen such an energy crisis.

The Portuguese energy group Galp has reached an agreement with SER Energia and Casa dos Ventos to acquire upon maturity up to 4.8 GW of solar and wind projects spread through nine Brazilian states.

Complete removal of fossil fuels from the global economy removes three quarters of global greenhouse emissions.

The Swiss investment company Smartenergy and the Spanish multinational Grupo Prodiel have closed an agreement to set up Greenfield PV, a joint venture focused on developing more than 4 GW of solar PV projects in Spain.

The increase in U.S. electric power sector renewable generation during 2021 came mainly from more wind and solar generation as a result of more wind turbines and utility-scale solar power plants coming online.

A retreat from wind power could have devastating consequences, as it is set to play a pivotal role in global efforts to transition to green energy.

By the end of 2021, global renewable generation capacity amounted to 3 064 Gigawatt (GW), increasing the stock of renewable power by 9.1 per cent.

The renewable capacity (excluding large hydro) in India reached 100 GW in August 2021, i.e. just over half of the 2022 target (175 GW).

In October 2021, Sunseap signed an MoU to explore and develop solar power systems with a combined capacity of 7 GW around the Riau islands, including a previously announced 2.2 GW floating solar PV in Duriangkang, Batam.