SINGAPORE: EDP Renewables (EDPR), the world’s fourth-largest renewable energy producer, said on Thursday (Feb 24) it plans to invest up to S$10 billion by 2030 to establish a clean energy hub in Singapore for the Asia Pacific region. EDPR, which is 75 per cent owned by Portugal’s biggest utility Energias de Portugal, closed a S$1 […]
CII suggests Multidimensional Approach achieve US$ 1 trillion Merchandise Exports by 2030; FTA Route will create important market access: CII; Extend RoDTEP to all sectors: CII – EQ Mag Pro
A multidimensional mission is required to take India’s exports to US$ 1 trillion by 2030, suggests a report by Confederation of Indian Industry (CII). It calls for finalising Free Trade Agreements with large markets, extending RoDTEP to all exports, attracting global firms and addressing domestic manufacturing issues to achieve the target. “The recent surge in […]
Asia-Pacific overtake of North America delayed as energy storage market tops 30GW by 2030, Guidehouse says – EQ Mag Pro
Asia-Pacific will overtake North America as the biggest utility-scale energy storage (UES) market by annual installed gigawatts (GW) by 2024-2025, according to a new report by Guidehouse Insights, one to two years later than in the firm’s previous forecasts. The research firm has revised up its forecasts for global annual installed UES by 2029 from […]
India’s renewable energy sector can employ 1 mn people by 2030: Study – EQ Mag Pro
India’s renewable energy sector has the potential to employ around one million people by 2030, and most of the new jobs would be generated by small-scale renewable energy projects, according to a study. India’s renewable energy sector could potentially employ around one million people by 2030, which would be ten times more than the existing […]
Smart EV charging ‘to create a €5bn annual market in Europe by 2030’ – EQ Mag Pro
According to a new report, which features a claimed first analysis of its kind of EV charging economics, the enhanced integration of EV charging in a smart and connected environment will be the key success factor in the mass adoption of electric mobility, enabling up to €5bn of incremental annual revenue in Europe only by […]
Hochul announces new framework to achieve at least 10 gigawatts of distributed solar by 2030 – EQ Mag Pro
Enough to annually power nearly 700,000 additional New York homes Proposes ‘roadmap’ to expand state’s NY-Sun initiative & increase access to solar for New Yorkers Expected to spur approximately $4.4 billion in private investments, create 6,000 additional solar jobs – With first prevailing wage for projects above 1 MW – with a goal to deliver […]
Global Energy Storage Market Set to Hit One Terawatt-Hour by 2030 – EQ Mag Pro
The U.S. and China will lead, claiming over half of the global installations by the end of this decade. New York and Beijing : Energy storage installations[1] around the world will reach a cumulative 358 gigawatts/1,028 gigawatt-hours by the end of 2030, more than twenty times larger than the 17 gigawatts/34 gigawatt-hours online at the […]
Storage market to ‘add 30 GW a year by 2030’ – EQ Mag Pro
IHS Markit report says growth is underpinned by national targets linked to strengthened decarbonization. The global energy storage market will add over 30GW a year by 2030, up 250% on 2021 levels, according to a report from the Clean Energy Technology service at IHS Markit. IHS Markit said it forecasts that energy storage will experience rapid […]
US to Set Electric-Vehicle Sales Goal of 50% By 2030
General Motors, Ford and Stellantis executives with union leaders are expected to join President Biden in announcing voluntary target. WASHINGTON : President Joe Biden took a step toward his goal of slashing greenhouse gas emissions on Thursday with an executive order aimed at making half of all new vehicles sold in 2030 electric, a move made […]
Top Green Energy Banker Sees $150 Billion in India Deals by 2030
Overseas investors need locals, says Bank of America’s Singhal BofA advised SoftBank on $3.5 billion deal with Adani Green For international investors seeking a piece of India’s renewables boom — and the bankers who sit across the table with them — all roads go through the country’s domestic energy players. That’s the message from Bank […]