New research suggests solar combined with battery storage as well as peaking capacity requirements are driving increased procurement The US is projected to take over South Korea as the world’s largest market for grid-connected energy storage this year. That’s according to new research, which suggests solar combined with battery storage as well as peaking capacity […]
South Korea steps up shift to cleaner energy, sets long-term renewable power targets
SEOUL: South Korea plans to boost the share of its energy output generated from renewable sources to as much as 35 percent by 2040, a draft revision to government policy showed on Friday, over four times the current amount. Asia’s fourth-largest economy has been pushing to shed its heavy reliance on coal and nuclear power, […]
Norway OKs wealth fund investments in unlisted green energy
Currently 66.3 percent of the fund is invested in shares, 30.7 percent in bonds, and three percent in real estate. Oslo: Norway’s sovereign wealth fund, the world’s biggest at more than $1 trillion, will soon be able to invest in unlisted renewable energy infrastructure projects, such as wind farms and solar parks, the government said […]
