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Asia to lead nuclear power expansion in the next 10 years
The region will install more than 49 GW over the period.
SMRs poised to transform global nuclear capacity expansion
The sector holds less than 4% of all nuclear projects under planning or construction.
MENA residential users to pay higher electricity prices
They are expected to pay an average tariff rate of $0.98/kWh.
Australia to double renewable capacity by 2033
This will be supported by the Future Made in Australia package
Offshore wind capacity in South Korea and Japan to surpass onshore installations
However, their offshore capacity is expected to only exceed 200 MW in 2025.
South Korea's wind capacity to exceed Japan's by 2033
The country’s wind installation is expected to reach 13.1 GW.
China’s installed solar capacity reaches 600 GW
The sector accounts for a fifth of China’s total installed capacity.
APAC electricity consumption to grow around 3.8% annually until 2032
Emerging markets are seeing a rise in electrification and urbanisation.
Renewables lead APAC power project pipeline
Around 250 projects were added to the pipeline in the fourth quarter of 2023.
India targets to double solar, wind energy by 2030
India aims to significantly expand its solar and wind power capabilities, even as coal retains its dominance in the energy mix.
South Korea’s electricity costs remain elevated due to high import prices
Around 97% of the country’s energy needs are met by imported energy.
UAE may fall short of reaching its 32% clean capacity target by 2030
The country is expected to announce new RE power tenders to support the target.
Laos could be Southeast Asia’s key RE electricity supplier
Vietnam and Malaysia partnered with Laos to boost renewable energy partnerships.
Cambodia’s 18-year energy plan sets ambitious targets for renewables
To attain energy security, Cambodia will have to overcome investment challenges, cut wasteful consumption, and review pricing policies.
Russia, strengthens ties with China via new gas pipelines
The two countries are in talks for the Power of Siberia 2 gas pipeline.
Australia is amongst fastest market to move away from coal: report
It is poised to be a regional outperformer for renewables.
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Commentary
South Korea needs to accelerate renewable energy adoption to fuel Artificial Intelligence and semiconductor sectors