<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>Renewables Archives • The Electricity Hub</title> <atom:link href="https://theelectricityhub.com/category/renewables/feed/" rel="self" type="application/rss+xml" /> <link>https://theelectricityhub.com/category/renewables/</link> <description>Collating and Disseminating Credible Power Industry Data and Information</description> <lastBuildDate>Wed, 12 Feb 2025 12:32:21 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.7.2</generator> <image> <url>https://theelectricityhub.com/wp-content/uploads/2020/11/cropped-NEH-32x32.png</url> <title>Renewables Archives • The Electricity Hub</title> <link>https://theelectricityhub.com/category/renewables/</link> <width>32</width> <height>32</height> </image> <item> <title>EU and Germany Launch GET.invest Initiative to Accelerate Renewable Energy Financing in Nigeria</title> <link>https://theelectricityhub.com/eu-and-germany-launch-get-invest-initiative-to-accelerate-renewable-energy-financing-in-nigeria/</link> <comments>https://theelectricityhub.com/eu-and-germany-launch-get-invest-initiative-to-accelerate-renewable-energy-financing-in-nigeria/#respond</comments> <dc:creator><![CDATA[Martins Eze]]></dc:creator> <pubDate>Wed, 12 Feb 2025 12:22:47 +0000</pubDate> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[electricity access]]></category> <category><![CDATA[European Union]]></category> <category><![CDATA[Germany]]></category> <category><![CDATA[GET.Invest]]></category> <category><![CDATA[Nigeria]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99887</guid> <description><![CDATA[<p>The European Union (EU) and Germany have launched the GET.invest Nigeria Country Window initiative in Lagos State as part of efforts to address Nigeria’s electricity access challenges, particularly in rural… </p> <p>The post <a href="https://theelectricityhub.com/eu-and-germany-launch-get-invest-initiative-to-accelerate-renewable-energy-financing-in-nigeria/">EU and Germany Launch GET.invest Initiative to Accelerate Renewable Energy Financing in Nigeria</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li>The European Union (EU) and Germany have launched the GET.invest Nigeria Country Window initiative in Lagos State as part of efforts to address Nigeria’s electricity access challenges.</li> <li>The initiative is set to accelerate investments that will enhance energy security, drive economic growth and improve the quality of life for millions of Nigerians.</li> </ul> <p>The European Union (EU) and Germany have launched the GET.invest Nigeria Country Window initiative in Lagos State as part of efforts to address Nigeria’s electricity access challenges, particularly in rural areas.</p> <p>GET.invest is a European programme which supports investments in decentralised <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a>. The programme targets private sector businesses and project developers, financiers and regulators to build sustainable energy markets in partner countries.</p> <p>“Through GET.invest Nigeria, we aim to facilitate access to finance for renewable energy projects that will benefit businesses and communities across the country.”</p> <p>In representation of the Nigerian Federal Ministry of Power, Permanent Secretary Temitope Dina emphasised Nigeria’s commitment to a brighter and more sustainable future, signalling the arrival of GET.invest Nigeria at a critical time in the nation’s journey toward achieving sustainable development.</p> <p>She said, “With the right investments, policies and technologies, we can create a cleaner, greener and more resilient energy system. This transformation is not just a goal; it is necessary to ensure <a href="https://theelectricityhub.com/?s=energy+access">energy access</a> for all Nigerians, reduce our dependence on fossil fuels, and enhance our environmental stewardship.”</p> <p>The Speaker of the House of Representatives, Tajudeen Abbas called on investors “to see the launch as an opportunity to invest wisely and strategically, because the return on investment promises to be very high.” He added that “GET.invest Nigeria is our answer to some of the country’s challenges. It is also part of our commitment to innovation, sustainability, and resilience.”</p> <p>In his remarks, Consul General at the German Consulate General in Lagos, Weert Börner, highlighted Germany’s commitment. “<a href="https://theelectricityhub.com/?s=Germany">Germany</a> is proud to co-fund GET.invest Nigeria as part of our broader partnership with Nigeria in fostering sustainable economic development. By supporting private sector investment in renewable energy, we aim to strengthen Nigeria’s clean energy ecosystem and contribute to long-term economic growth. We look forward to seeing this initiative help unlock new opportunities for businesses and communities alike,” he said.</p> <p>GET.invest Nigeria Coordinator, Lawrence Efanga Edeke, while underscoring the role of the New Country Window in driving energy investment, noted that GET.invest Nigeria is not a silver bullet, but it is an essential part of the solution to scaling up investments in the renewable energy sector.</p> <p>He said, “By working closely with project developers, financiers and policymakers, we aim to mobilise the level of investment required to meet Nigeria’s ambitious energy and climate commitments, ultimately fostering a sustainable and inclusive energy transition.”</p> <p>Through the initiative, GET.invest Nigeria will also provide market intelligence, industry mobilisation and capacity development support to local stakeholders, equipping them with the tools needed to expand clean energy solutions across the country. Also, the initiative is set to accelerate investments that will enhance energy security, drive economic growth and improve the quality of life for millions of Nigerians.</p> <p>Together with its donors—the European Union, Germany, Norway, the Netherlands, Sweden and Austria—GET.invest has established a series of <a href="https://www.msn.com/en-xl/money/general/eu-germany-unveil-get-invest-initiative-to-boost-renewable-energy-financing-in-nigeria/ar-AA1ySUaW?ocid=BingNewsVerp">country windows</a> that allow the programme to focus on selected national sustainable energy markets.</p> <p>The post <a href="https://theelectricityhub.com/eu-and-germany-launch-get-invest-initiative-to-accelerate-renewable-energy-financing-in-nigeria/">EU and Germany Launch GET.invest Initiative to Accelerate Renewable Energy Financing in Nigeria</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/eu-and-germany-launch-get-invest-initiative-to-accelerate-renewable-energy-financing-in-nigeria/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Potentia Energy Seizes 1 GW in Australia’s Renewables</title> <link>https://theelectricityhub.com/potentia-energy-seizes-1-gw-in-australias-renewables/</link> <comments>https://theelectricityhub.com/potentia-energy-seizes-1-gw-in-australias-renewables/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Wed, 12 Feb 2025 09:04:18 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[Green Hydrogen]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Australia]]></category> <category><![CDATA[battery energy]]></category> <category><![CDATA[Enel Green Power]]></category> <category><![CDATA[Potentia Energy]]></category> <category><![CDATA[Solar Project]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99876</guid> <description><![CDATA[<p>Potentia Energy, co-owned by Enel Green Power and INPEX, has secured more than 1 gigawatt (GW) of renewable energy assets in Australia through an acquisition agreement with CVC DIF and… </p> <p>The post <a href="https://theelectricityhub.com/potentia-energy-seizes-1-gw-in-australias-renewables/">Potentia Energy Seizes 1 GW in Australia’s Renewables</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Potentia Energy acquires over 1 GW of renewable energy assets in Australia, including 700 MW of operational wind and solar projects.</li> <li class="">The deal includes over 430 MW of late-stage development projects, such as Battery Energy Storage Systems (BESS) and wind farms.</li> <li class="">Potentia plans to integrate these assets into its portfolio, boosting its presence in Australia’s renewable energy market.</li> </ul> <p class="">Potentia Energy, co-owned by <a href="https://energynews.pro/en/potentia-energy-acquires-a-1-gw-portfolio-of-renewable-assets-in-australia/">Enel Green Power and INPEX</a>, has secured more than 1 gigawatt (GW) of renewable energy assets in Australia through an acquisition agreement with CVC DIF and Cbus Super. This deal marks a significant expansion of Potentia’s footprint in the Australian <a href="https://theelectricityhub.com/?s=renewable+energy+market">renewable energy market</a>.</p> <p class="">The acquisition includes around 700 megawatts (MW) of operational wind and solar energy assets and over 430 MW of late-stage development projects in the company’s portfolio. These projects feature a Battery Energy Storage System (BESS) slated for South Australia and Queensland and a wind farm located in Western Australia. This move significantly advances Potentia’s strategy of growing its renewable energy capacity in key regions.</p> <p class="">Werther Esposito, CEO of Potentia Energy, emphasised the importance of this acquisition, stating that it strengthens the company’s overall portfolio and enhances its ability to participate in both the Wholesale Energy Market (WEM) and the National Electricity Market (NEM). “This acquisition strengthens our position in Australia’s renewable energy market and expands our capabilities,” Esposito said.</p> <p class="">Before this acquisition, Potentia Energy operated several renewable energy projects across Australia. These include 309 MW of solar capacity in South Australia and Victoria and a 75 MW wind farm in Western Australia. The company is also developing a <a href="https://theelectricityhub.com/?s=hybrid+solar-battery+project">hybrid solar-battery project</a> in New South Wales, adding 98 MW of solar energy and 20 MW of battery storage. Additionally, Potentia is nearing the commissioning phase for a 93 MW solar farm in Victoria.</p> <p class="">Potentia Energy plans to integrate these newly acquired assets into its portfolio, boosting its renewable energy production and positioning the company for further growth. These additional assets will support Australia’s ongoing shift toward <a href="https://theelectricityhub.com/?s=clean+energy">clean energy</a> while also helping the company play a more significant role in its efforts to meet its renewable energy targets.</p> <p class="">The deal requires regulatory approval, including clearance from the Australian Foreign Investment Review Board (FIRB). This regulatory step ensures compliance with Australia’s foreign investment policies and represents a critical step before the acquisition becomes official.</p> <p class="">Potentia Energy’s latest move aligns with its broader goal of expanding its global renewable energy portfolio. The company continues to invest in projects that enhance its presence in key markets like Australia, where demand for <a href="https://theelectricityhub.com/?s=green+energy">green energy</a> solutions remains strong.</p> <p class="">By securing these assets, Potentia Energy positions itself as a major player in Australia’s renewable energy landscape. The company remains committed to advancing clean energy technologies and supporting global efforts to reduce <a href="https://theelectricityhub.com/?s=carbon+emissions">carbon emissions</a>. With this acquisition, Potentia Energy takes another significant step toward contributing to a more sustainable future while enhancing its international standing in the <a href="https://theelectricityhub.com/?s=renewable+energy+sector">renewable energy sector</a>.</p> <p>The post <a href="https://theelectricityhub.com/potentia-energy-seizes-1-gw-in-australias-renewables/">Potentia Energy Seizes 1 GW in Australia’s Renewables</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/potentia-energy-seizes-1-gw-in-australias-renewables/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Trump Approves Sustainable Aviation Fuel Refinery Loan for Montana</title> <link>https://theelectricityhub.com/trump-approves-sustainable-aviation-fuel-refinery-loan-for-montana/</link> <comments>https://theelectricityhub.com/trump-approves-sustainable-aviation-fuel-refinery-loan-for-montana/#respond</comments> <dc:creator><![CDATA[Martins Eze]]></dc:creator> <pubDate>Wed, 12 Feb 2025 09:04:17 +0000</pubDate> <category><![CDATA[Climate Change]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Transport]]></category> <category><![CDATA[Clean Energy]]></category> <category><![CDATA[Energy transition]]></category> <category><![CDATA[Montana]]></category> <category><![CDATA[Sustainable Aviation Fuel]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99873</guid> <description><![CDATA[<p>President Donald Trump’s energy department said it approved the disbursement of a loan guarantee for the expansion of a sustainable aviation fuel refinery in Montana. The Montana Renewables refinery in Great Falls opened… </p> <p>The post <a href="https://theelectricityhub.com/trump-approves-sustainable-aviation-fuel-refinery-loan-for-montana/">Trump Approves Sustainable Aviation Fuel Refinery Loan for Montana</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li>President Donald Trump’s energy department said it approved the disbursement of a loan guarantee for the expansion of a sustainable aviation fuel refinery in Montana.</li> <li>US Senator Steve Daines, a Republican from Montana, said the approval only happened after he pressed the White House and emphasised that it helped reach Trump’s goal of “energy dominance.</li> </ul> <p>President Donald Trump’s energy department said it approved the disbursement of a loan guarantee for the expansion of a <a href="https://theelectricityhub.com/?s=sustainable+aviation+fuel">sustainable aviation fuel</a> refinery in Montana. The Montana Renewables refinery in Great Falls opened in late 2022 and produces about 140 million gallons a year of biofuels.</p> <p>The loan will allow it to expand production to 315 million gallons per year and produce about half of North American SAF, a fuel made from fats from seed oils and tallow that is lower in <a href="https://theelectricityhub.com/?s=greenhouse+gas+emissions">greenhouse gas emissions</a> than conventional jet fuel. President Joe Biden’s administration finalised the loan on January 10.</p> <p>However, there have been widespread worries among green energy backers that the Trump administration would claw back the finalised loans of the department’s Loan Programs Office, given efforts by billionaire Elon Musk’s Department of Government Efficiency to cut spending. Biden’s Inflation Reduction Act boosted LPO’s loan authority by $100 billion.</p> <p>Although it approved the disbursement of the Montana loan, the Energy Department “is continuing to conduct a department-wide review of all funding, including grants and loans, to ensure all activities are consistent with the law and in accordance with President Trump’s executive orders and priorities,” a spokeswoman said.</p> <p>US Senator Steve Daines, a Republican from Montana, said the approval only happened after he pressed the White House and emphasised that it helped reach Trump’s goal of “<a href="https://www.reuters.com/sustainability/trump-administration-approves-sustainable-aviation-fuel-refinery-loan-2025-02-11/">energy dominance</a>.” Daines said the expansion is expected to create close to 500 jobs.</p> <p>The post <a href="https://theelectricityhub.com/trump-approves-sustainable-aviation-fuel-refinery-loan-for-montana/">Trump Approves Sustainable Aviation Fuel Refinery Loan for Montana</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/trump-approves-sustainable-aviation-fuel-refinery-loan-for-montana/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Black & Veatch to Launch 200MWh Battery Storage Project in the UK</title> <link>https://theelectricityhub.com/black-veatch-to-launch-200mwh-battery-storage-project-in-the-uk/</link> <comments>https://theelectricityhub.com/black-veatch-to-launch-200mwh-battery-storage-project-in-the-uk/#respond</comments> <dc:creator><![CDATA[Martins Eze]]></dc:creator> <pubDate>Tue, 11 Feb 2025 09:25:27 +0000</pubDate> <category><![CDATA[International News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[battery energy storage solution]]></category> <category><![CDATA[Black & Veatch]]></category> <category><![CDATA[UK]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99827</guid> <description><![CDATA[<p>Black & Veatch, a global leader in critical human infrastructure solutions, has been selected by two United Kingdom-based companies as the Owner’s Engineer (OE) and Technical Advisor (TA) on battery… </p> <p>The post <a href="https://theelectricityhub.com/black-veatch-to-launch-200mwh-battery-storage-project-in-the-uk/">Black & Veatch to Launch 200MWh Battery Storage Project in the UK</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li>Black & Veatch, a global leader in critical human infrastructure solutions, has been selected by two United Kingdom-based companies as the Owner’s Engineer and Technical Advisor on battery energy storage solution projects.</li> <li>Across projects throughout Europe and the Middle East, Black & Veatch has operated as the Technical Advisor, Owners Engineers and Due Diligence with a combined energy capacity of 4GWh.</li> </ul> <p>Black & Veatch, a global leader in critical human infrastructure solutions, has been selected by two United Kingdom-based companies as the Owner’s Engineer (OE) and Technical Advisor (TA) on <a href="https://theelectricityhub.com/?s=battery+energy+storage+solution">battery energy storage solution</a> (BESS) projects that will store up to 200MWh.</p> <p>In 2023, the UK government established ambitious emissions reduction goals, including a plan to be “net-zero” by 2050. The Prime Minister’s office also declared, “The UK is home to abundant natural resources for renewable energy and a pioneering industry delivering the latest advancements in clean tech. The clean energy mission will harness these opportunities to deliver change and the opportunity for growth and good jobs in clean tech.”</p> <p>As the global push towards renewable energy increases, so does the need for grid resiliency, with battery energy storage systems aiding in maintaining consistent, reliable power.</p> <p>“With over 21GWh of global energy storage project experience and counting, we leverage our extensive knowledge to deliver unparalleled expertise to our clients and their communities,” said Robbie Gibson, associate vice president – renewables and grid solutions director in Europe, Middle East and Africa for Black & Veatch.</p> <p>He noted, “Integrating Battery Energy Storage Systems (BESS) into utilities across the <a href="https://theelectricityhub.com/?s=UK">UK</a> enhances grid resilience, optimises plant performance, and promotes sustainable and cost-effective energy practices.”</p> <p>As OE and TA of these projects, Black & Veatch will be an independent advocate, reviewing and providing technical comments on all contractor deliverables. The company will also provide technical advice, construction monitoring, schedule tracking, and oversight throughout both projects’ developments, design, and construction.</p> <p>Across projects throughout Europe and the Middle East, Black & Veatch has operated as the Technical Advisor, Owners Engineers and Due Diligence with a combined <a href="https://finance.yahoo.com/news/black-veatch-build-200mwh-battery-171800926.html">energy capacity</a> of 4GWh.</p> <p>The post <a href="https://theelectricityhub.com/black-veatch-to-launch-200mwh-battery-storage-project-in-the-uk/">Black & Veatch to Launch 200MWh Battery Storage Project in the UK</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/black-veatch-to-launch-200mwh-battery-storage-project-in-the-uk/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Indonesia targets 35% renewable energy by 2034 in its ambitious power plan</title> <link>https://theelectricityhub.com/indonesia-targets-35-renewable-energy-by-2034-in-its-ambitious-power-plan/</link> <comments>https://theelectricityhub.com/indonesia-targets-35-renewable-energy-by-2034-in-its-ambitious-power-plan/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Tue, 11 Feb 2025 08:21:08 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[energy development]]></category> <category><![CDATA[Energy mix]]></category> <category><![CDATA[Energy transition]]></category> <category><![CDATA[gas power capacity]]></category> <category><![CDATA[Indonesia]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99822</guid> <description><![CDATA[<p>On Tuesday, February 11, Indonesia’s government announced that it plans to increase its share of renewable energy in electricity supply over the next decade, prioritising solar, hydro, and geothermal power.… </p> <p>The post <a href="https://theelectricityhub.com/indonesia-targets-35-renewable-energy-by-2034-in-its-ambitious-power-plan/">Indonesia targets 35% renewable energy by 2034 in its ambitious power plan</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Indonesia plans to increase its renewable energy share to 35% by 2034, with 70% of new electricity capacity from renewables.</li> <li class="">The new plan includes 17 GW of solar, 16 GW of hydro, and 5 GW of geothermal power while adding 5 GW of coal capacity.</li> <li class="">During the renewable energy transition, Indonesia continues to build 15 GW of gas power to support demand, especially in Java.</li> </ul> <p class="">On Tuesday, February 11, <a href="https://www.reuters.com/world/asia-pacific/indonesia-plans-boost-renewable-usage-new-electricity-supply-plan-2025-02-11/">Indonesia’s government</a> announced that it plans to increase its share of renewable energy in electricity supply over the next decade, prioritising solar, hydro, and geothermal power.</p> <p class="">The new electricity plan, Rencana Umum Penyediaan Tenaga Listrik (RUPTL), will replace the 2021-2030 version. This revised plan targets 71 gigawatts (GW) of new capacity, with 70% coming from renewable sources—the previous plan aimed for 52% from renewables. Kartika Wirjoatmodjo, deputy State-Owned Enterprise Minister, said the country will raise the share of renewables in its <a href="https://theelectricityhub.com/?s=energy+mix">energy mix</a> from around 12% to 35% by 2034.</p> <p class="">Speaking at a business forum in Jakarta, Wirjoatmodjo outlined the new plan. It includes 17 GW of solar power with battery storage support, 16 GW of hydropower, and 5 GW of geothermal energy. Wind and bioenergy will also contribute.</p> <p class="">Despite the renewable push, Indonesia will still proceed with some coal projects. Around 5 GW of new coal capacity will come online by 2034. Wirjoatmodjo explained that these projects continue with the previous plan and remain necessary for the <a href="https://theelectricityhub.com/?s=energy+transition">energy transition</a>.</p> <p class="">Indonesia banned new coal power plants in 2022. However, the government allows projects already in progress or linked to the natural resources processing industry as long as they include an emission reduction plan.</p> <p class="">The country also plans to build 15 GW of <a href="https://theelectricityhub.com/?s=gas+power+capacity">gas power capacity</a> by 2034. This will help meet demand, particularly in Java, and maintain base load capacity as renewable sources scale up.</p> <p class="">The government is finalising discussions on the new RUPTL with the state utility, Perusahaan Listrik Negara (PLN). Once complete, the plan will guide Indonesia’s <a href="https://theelectricityhub.com/?s=energy+development">energy development</a> for the next decade.</p> <p class="">Indonesia’s renewable energy push aligns with global efforts to reduce reliance on fossil fuels and cut carbon emissions. As one of the world’s largest coal producers, the country aims to shift to a cleaner energy mix. The new plan reflects its commitment to balancing economic growth with environmental sustainability.</p> <p class="">Renewable energy advocates support the plan, viewing it as a step toward reducing Indonesia’s carbon footprint. However, some critics argue the continued reliance on coal and gas may slow the transition to a fully renewable energy system.</p> <p class="">Overall, the new electricity plan significantly shifts Indonesia’s energy strategy. The country is setting a course for a more sustainable energy future by increasing the focus on renewables, especially solar and hydro. Though challenges remain, the plan outlines a clear path to boost the share of <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a> and reduce dependence on coal.</p> <p>The post <a href="https://theelectricityhub.com/indonesia-targets-35-renewable-energy-by-2034-in-its-ambitious-power-plan/">Indonesia targets 35% renewable energy by 2034 in its ambitious power plan</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/indonesia-targets-35-renewable-energy-by-2034-in-its-ambitious-power-plan/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Airbus Delays Hydrogen Aircraft, Refocuses on Tech Hurdles</title> <link>https://theelectricityhub.com/airbus-delays-hydrogen-aircraft-refocuses-on-tech-hurdles/</link> <comments>https://theelectricityhub.com/airbus-delays-hydrogen-aircraft-refocuses-on-tech-hurdles/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Mon, 10 Feb 2025 14:47:03 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[Green Hydrogen]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[Sustainable Transport]]></category> <category><![CDATA[Airbus]]></category> <category><![CDATA[Carbon Neutrality]]></category> <category><![CDATA[emission reduction]]></category> <category><![CDATA[hydrogen aircraft]]></category> <category><![CDATA[sustainable aviation fuel (SAF)]]></category> <category><![CDATA[sustainable future]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99799</guid> <description><![CDATA[<p>Due to technical and industrial setbacks, Airbus admits slower progress in its hydrogen-powered aircraft project. The company faces challenges that force a revision of its initial plans, though it remains… </p> <p>The post <a href="https://theelectricityhub.com/airbus-delays-hydrogen-aircraft-refocuses-on-tech-hurdles/">Airbus Delays Hydrogen Aircraft, Refocuses on Tech Hurdles</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Airbus delays hydrogen aircraft launch due to slower-than-expected technological progress and technical challenges.</li> <li class="">The company has adjusted its roadmap but remains committed to hydrogen as part of its long-term decarbonisation strategy.</li> <li class="">Airbus explores sustainable aviation fuels (SAF) as a near-term solution to reduce emissions while advancing hydrogen technology.</li> </ul> <p class="">Due to technical and industrial setbacks, Airbus admits slower progress in its hydrogen-powered aircraft project. The company faces challenges that force a revision of its initial plans, though it remains committed to decarbonising aviation.</p> <p class="">Initially targeting 2035, Airbus has delayed the launch of its first <a href="https://theelectricityhub.com/?s=hydrogen-powered">hydrogen-powered</a> commercial aircraft. Technological advancements have not advanced as expected, but the company continues to pursue hydrogen-powered aviation despite significant hurdles.</p> <p class="">Hydrogen storage presents a significant obstacle. Liquid hydrogen requires storage at -253°C in cryogenic tanks, four times larger than kerosene tanks. Airbus actively explores solutions for integrating this technology, though the process remains challenging.</p> <p class="">The Force Ouvrière (<a href="https://energynews.pro/en/airbus-adjusts-its-hydrogen-aircraft-strategy-amid-technological-challenges/">FO</a>) union claims that Airbus pushed the aircraft’s launch back by five to ten years and reduced the program’s budget by 25%. Airbus disputes these claims, insisting that its overall strategy stays intact. However, the company acknowledges necessary adjustments based on current technological limitations and the availability of <a href="https://theelectricityhub.com/?s=renewable+hydrogen">renewable hydrogen</a>.</p> <p class="">In 2022, Airbus announced plans to test a hydrogen-powered engine on an A380. FO asserts that Airbus cancelled this project, though the company has yet to confirm the claim. While hydrogen remains central to Airbus’ strategy, the company prioritises <a href="https://theelectricityhub.com/?s=sustainable+aviation+fuels">sustainable aviation fuels</a> (SAF) as a quicker solution for reducing emissions.</p> <p class="">These shifts in Airbus’ hydrogen strategy have sparked concerns about potential job impacts. FO urges management to clarify how these adjustments will affect employment. In response, Airbus stresses that it considers the well-being of its workforce and the broader economic environment in all decisions.</p> <p class="">The International Civil Aviation Organization (ICAO) set a 2050 target for <a href="https://theelectricityhub.com/?s=carbon+neutrality">carbon neutrality</a>, and Airbus aims to align with this goal. Hydrogen offers a promising future solution, but Airbus now faces the industrial challenges of developing and implementing it alongside other alternatives.</p> <p class="">In the short term, SAF will provide a more immediate means of reducing aviation emissions. Airbus continues to adjust its ambitions for its hydrogen project to align with available technology and market readiness while keeping alternative fuels in focus.</p> <p class="">Though Airbus delays its hydrogen aircraft timeline, it remains determined to lead the aviation industry toward a sustainable future. The company confronts ongoing hydrogen storage and distribution challenges while considering complementary solutions for near-term <a href="https://theelectricityhub.com/?s=emission+reductions">emission reductions</a>.</p> <p class="">Despite these delays, Airbus maintains its commitment to hydrogen-powered aircraft as a key part of its long-term decarbonisation strategy. However, achieving this goal proves more complex than initially anticipated.</p> <p class="">Airbus focuses on finding sustainable solutions for aviation. As hydrogen technology takes longer to develop, the company continues to pursue alternative strategies. The delay represents a temporary setback, but Airbus remains driven to create a <a href="https://theelectricityhub.com/?s=sustainable+future">sustainable future</a> for the aviation industry by combining hydrogen and other innovative approaches.</p> <p>The post <a href="https://theelectricityhub.com/airbus-delays-hydrogen-aircraft-refocuses-on-tech-hurdles/">Airbus Delays Hydrogen Aircraft, Refocuses on Tech Hurdles</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/airbus-delays-hydrogen-aircraft-refocuses-on-tech-hurdles/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Trump’s Pro-Fossil Fuel Push Fails to Deter U.S. Energy Transition</title> <link>https://theelectricityhub.com/trumps-pro-fossil-fuel-push-fails-to-deter-u-s-energy-transition/</link> <comments>https://theelectricityhub.com/trumps-pro-fossil-fuel-push-fails-to-deter-u-s-energy-transition/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Mon, 10 Feb 2025 12:01:55 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[America]]></category> <category><![CDATA[Carbon Neutrality]]></category> <category><![CDATA[Clean Energy]]></category> <category><![CDATA[Energy transition]]></category> <category><![CDATA[Fossil Fuels]]></category> <category><![CDATA[Green Energy]]></category> <category><![CDATA[sustainability goals]]></category> <category><![CDATA[Trump]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99789</guid> <description><![CDATA[<p>Donald Trump’s return to the presidency brings renewed attention to fossil fuels. On his first day in office, Trump signed orders to boost domestic oil production and confirmed the U.S.… </p> <p>The post <a href="https://theelectricityhub.com/trumps-pro-fossil-fuel-push-fails-to-deter-u-s-energy-transition/">Trump’s Pro-Fossil Fuel Push Fails to Deter U.S. Energy Transition</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Major U.S. companies remain committed to renewable energy despite Trump’s pro-fossil fuel policies.</li> <li class="">Market demand and investor pressure drive clean energy initiatives, keeping energy transition plans intact.</li> <li class="">U.S. banks continue investing in renewables after exiting the Net-Zero Banking Alliance.</li> </ul> <p class=""><a href="https://energynews.pro/en/u-s-companies-maintain-their-energy-transition-despite-trump/">Donald Trump’s</a> return to the presidency brings renewed attention to fossil fuels. On his first day in office, Trump signed orders to boost domestic oil production and confirmed the U.S. withdrawal from the Paris Agreement. These actions raised concerns about the future of America’s <a href="https://theelectricityhub.com/?s=clean+energy">clean energy</a> plans.</p> <p class="">However, major U.S. companies continue to commit to <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a>. Thierry Laborde, Deputy CEO of BNP Paribas, stated that North American companies will not reverse their energy transition plans. “Their transition plans are in place, and they will continue,” he said on France Inter. Large industrial and financial groups integrated long-term energy strategies, and government policies do not seem to change that.</p> <p class="">Market demand and investor pressure drive this commitment. Companies are adapting to regulations promoting emissions reductions in the U.S. and globally. The pressure to reduce carbon footprints persists, regardless of changes in U.S. leadership.</p> <p class="">Meanwhile, six central U.S. banks—Goldman Sachs, Wells Fargo, Citi, Bank of America, Morgan Stanley, and JPMorgan Chase—recently exited the United Nations’ Net-Zero Banking Alliance (NZBA). This program encouraged banks to pursue <a href="https://theelectricityhub.com/?s=carbon+neutrality">carbon neutrality</a>. Their exit sparked concerns about a potential resurgence of fossil fuel financing.</p> <p class="">Yet experts believe these banks will continue funding renewable energy projects. Laborde highlighted that “they are still massively funding <a href="https://theelectricityhub.com/?s=green+energy">green energy</a>,” pointing to the sector’s rising profitability. Despite leaving the NZBA, these financial institutions remain heavily invested in renewables due to the growing demand for cleaner energy.</p> <p class="">The renewable energy market thrives even amid political uncertainty. In 2024, global investments in renewables reached $2 trillion, according to UN Climate estimates. U.S. energy companies diversify their energy sources to reduce reliance on unpredictable hydrocarbon prices.</p> <p class="">This shift reflects a broader transformation in the global energy market. U.S. companies invest in fossil fuels and renewables to maintain competitiveness in a world moving toward cleaner energy. Even as Trump’s policies favour fossil fuels, the <a href="https://theelectricityhub.com/?s=energy+transition">energy transition</a> stays intact, driven by economic and industrial factors.</p> <p class="">U.S. companies actively position themselves as leaders in traditional and renewable energy markets as the energy sector evolves. Trump’s policies may slow government-led initiatives, but private corporations remain focused on long-term <a href="https://theelectricityhub.com/?s=sustainability+goals">sustainability goals</a>.</p> <p class="">In conclusion, Trump’s return to office will not derail the energy transition in the U.S. Major corporations and financial institutions continue pursuing clean energy, spurred by market forces, investor pressure, and global regulations. The U.S. energy market diversifies rapidly, with renewables becoming a key player. Despite political shifts, the nation’s energy transition remains strong.</p> <p>The post <a href="https://theelectricityhub.com/trumps-pro-fossil-fuel-push-fails-to-deter-u-s-energy-transition/">Trump’s Pro-Fossil Fuel Push Fails to Deter U.S. Energy Transition</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/trumps-pro-fossil-fuel-push-fails-to-deter-u-s-energy-transition/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Mozambique and IAEA Sign CPF Framework</title> <link>https://theelectricityhub.com/mozambique-and-iaea-sign-cpf-framework/</link> <comments>https://theelectricityhub.com/mozambique-and-iaea-sign-cpf-framework/#respond</comments> <dc:creator><![CDATA[Martins Eze]]></dc:creator> <pubDate>Mon, 10 Feb 2025 10:26:07 +0000</pubDate> <category><![CDATA[East Africa]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Prospects & Challenge]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Country Programme Framework]]></category> <category><![CDATA[International Atomic Energy Agency]]></category> <category><![CDATA[Mozambique]]></category> <category><![CDATA[Nuclear technology]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99785</guid> <description><![CDATA[<p>Mozambique’s Minister of Mineral Resources and Energy, his Excellency Mr Carlos Joaquim Zacarias, and Hua Liu, Deputy Director General of the International Atomic Energy Agency (IAEA) and Head of the… </p> <p>The post <a href="https://theelectricityhub.com/mozambique-and-iaea-sign-cpf-framework/">Mozambique and IAEA Sign CPF Framework</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li>Mozambique’s Minister of Mineral Resources and Energy and Deputy Director General of IAEA has formalised Mozambique’s Country Programme Framework (CPF) for 2024–2029.</li> <li>This strategic partnership will bolster Mozambique’s technical capabilities and promote the safe, secure, and peaceful application of nuclear technologies to meet the country’s development needs.</li> </ul> <p>Mozambique’s Minister of Mineral Resources and Energy, his Excellency Mr Carlos Joaquim Zacarias, and Hua Liu, Deputy Director General of the<a href="https://theelectricityhub.com/?s=+International+Atomic+Energy+Agency"> International Atomic Energy Agency</a> (IAEA) and Head of the Department of Technical Cooperation, formalised Mozambique’s Country Programme Framework (CPF) from 2024 to 2029.</p> <p>The signing ceremony marks a significant milestone in the collaboration between Mozambique and the IAEA, enhancing the country’s efforts to leverage <a href="https://theelectricityhub.com/?s=nuclear+technology">nuclear technology</a> for sustainable development.</p> <p>A CPF serves as the foundational document for medium-term technical cooperation planning between an IAEA Member State and the Agency. It outlines the strategic areas where nuclear technology and resources will be transferred to support national development objectives, aligning with the country’s socio-economic priorities.</p> <p>Mozambique, an IAEA Member State since 2006, has been steadily integrating nuclear science and technology to address various developmental challenges. The newly signed CPF for 2024–2029 highlights five key priority areas:</p> <ol class="wp-block-list"> <li><strong>Nuclear and Radiation Safety</strong>: Strengthening regulatory frameworks and ensuring the safe use of nuclear technology across industries to protect people and the environment.</li> <li><strong>Food and Agriculture</strong>: Enhancing agricultural productivity and food security through nuclear techniques, including soil fertility management, pest control, and crop improvement.</li> <li><strong>Human Health and Nutrition</strong>: Expanding the use of nuclear medicine and diagnostic imaging to improve healthcare services while addressing malnutrition through isotopic techniques.</li> <li><strong>Water Resources Management</strong>: Utilizing nuclear techniques to assess and manage groundwater resources, ensuring sustainable water supply for communities and agriculture.</li> <li><strong>Energy Planning</strong>: Supporting the development of Mozambique’s energy sector through the integration of nuclear technology in energy planning, contributing to a diversified and sustainable energy mix.</li> </ol> <p>This strategic partnership will bolster <a href="https://theelectricityhub.com/?s=Mozambique">Mozambique</a>’s technical capabilities and promote the safe, secure, and peaceful application of nuclear technologies to meet the country’s development needs. The IAEA’s continued support through technical cooperation projects will play a vital role in achieving Mozambique’s national goals, fostering economic growth, and improving the quality of life for its citizens.</p> <p>The CPF signing reflects Mozambique’s commitment to harnessing nuclear technology for peaceful purposes and underscores the IAEA’s role as a pivotal partner in <a href="https://www.devdiscourse.com/article/science-environment/3258273-mozambique-and-iaea-sign-cpf-framework-to-boost-national-development-goals-2024-2029">global development</a> initiatives.</p> <p>The post <a href="https://theelectricityhub.com/mozambique-and-iaea-sign-cpf-framework/">Mozambique and IAEA Sign CPF Framework</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/mozambique-and-iaea-sign-cpf-framework/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>US Energy Storage Platform, Tyba Secures $13.9 Million</title> <link>https://theelectricityhub.com/tyba-secures-13-9m-to-revolutionise-ai-driven-energy-storage/</link> <comments>https://theelectricityhub.com/tyba-secures-13-9m-to-revolutionise-ai-driven-energy-storage/#respond</comments> <dc:creator><![CDATA[Oshionameh Ajayi]]></dc:creator> <pubDate>Sun, 09 Feb 2025 15:34:07 +0000</pubDate> <category><![CDATA[Carbon Emissions]]></category> <category><![CDATA[Energy Storage]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[Metering]]></category> <category><![CDATA[News]]></category> <category><![CDATA[Off-Grid]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Energize Capital]]></category> <category><![CDATA[Energy transition]]></category> <category><![CDATA[renewable energy mix]]></category> <category><![CDATA[Series A]]></category> <category><![CDATA[Tyba]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99750</guid> <description><![CDATA[<p>Tyba, a platform focused on energy storage optimisation, raised $13.9 million in a Series A funding round led by Energize Capital. The investment will help Tyba enhance its AI technology… </p> <p>The post <a href="https://theelectricityhub.com/tyba-secures-13-9m-to-revolutionise-ai-driven-energy-storage/">US Energy Storage Platform, Tyba Secures $13.9 Million</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li class="">Tyba raised $13.9 million in Series A funding, led by Energize Capital, to enhance its AI-powered energy storage optimisation platform.</li> <li class="">The platform helps battery operators maximise profits and maintain grid stability by automating energy storage and deployment decisions.</li> <li class="">Tyba partners with significant energy firms and has modelled over 100 GW of projects, securing over $1 billion in funding.</li> </ul> <p class="">Tyba, a platform focused on energy storage optimisation, raised $13.9 million in a <a href="https://energynews.pro/en/tyba-raises-13-9-million-to-optimize-energy-storage-profitability/">Series A</a> funding round led by Energize Capital. The investment will help Tyba enhance its AI technology and increase energy storage profitability.</p> <p class="">This new funding increases Tyba’s total capital to $18.15 million. Pear VC, Mobilize Climate Capital, Borusan Ventures, and existing backers like Powerhouse, Wireframe, Virta, and Lorimer also contributed. Using this fresh capital, Tyba aims to accelerate the development of its AI-based optimisation and forecasting tools.</p> <p class="">Energy storage capacity has rapidly grown, now nearing 30 GW in the U.S. Battery operators face increasing complexities in <a href="https://theelectricityhub.com/?s=electricity+markets">electricity markets</a> and require advanced tools to maximise profits and stabilise the grid. Fluctuations in demand and changing pricing structures further complicate operations. Tyba’s platform automates storage and energy deployment decisions based on market opportunities, allowing operators to increase asset profitability through forecasting algorithms and bid management without needing constant supervision.</p> <p class="">Tyba partners with significant energy firms, including TotalEnergies. Its Asset Operations tool simplifies portfolio management by reducing operational constraints. Additionally, Tyba’s Project Simulation tool has modelled over 100 GW of projects and secured over $1 billion in funding.</p> <p class="">Energy storage is becoming more vital, especially in volatile grids like those in Texas and California, and effective battery management plays a key role in performance. Tyba ranks among the top 5% of storage assets in terms of performance. It tripled its customer base over the last year and aims to continue expanding.</p> <p class="">This new funding will allow Tyba to grow its market presence and offer more advanced tools to meet the rising demand for energy storage optimisation. Tyba focuses on AI-powered solutions to support the global shift towards <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a>. As energy markets grow more complex, efficient energy storage management becomes essential for energy players seeking to navigate these challenges.</p> <p class="">The rise in energy demand and the transition to a <a href="https://theelectricityhub.com/?s=renewable+energy+mix">renewable energy mix</a> increase the need for optimised storage solutions. Tyba equips operators with the tools to manage these evolving complexities. Tyba helps operators maximise revenues while maintaining grid stability by delivering AI-driven insights and automating energy management.</p> <p class="">Tyba’s partnerships with leading energy companies highlight the effectiveness of its platform. The company’s ability to secure significant funding demonstrates the importance of energy storage in supporting the <a href="https://theelectricityhub.com/?s=renewable+energy+transition">renewable energy transition</a>.</p> <p class="">With its AI-driven platform and expanding customer base, Tyba positions itself as a key player in the <a href="https://theelectricityhub.com/?s=energy+storage+sector">energy storage sector</a>. The new funding will enable Tyba to continue developing advanced technology and solidify its leadership in the industry, supporting the growing need for efficient energy storage solutions.</p> <p>The post <a href="https://theelectricityhub.com/tyba-secures-13-9m-to-revolutionise-ai-driven-energy-storage/">US Energy Storage Platform, Tyba Secures $13.9 Million</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/tyba-secures-13-9m-to-revolutionise-ai-driven-energy-storage/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>India Achieves 100 GW Solar Power Capacity, On Track For 2030 Target</title> <link>https://theelectricityhub.com/india-achieves-100-gw-solar-power-capacity-on-track-for-2030-target/</link> <comments>https://theelectricityhub.com/india-achieves-100-gw-solar-power-capacity-on-track-for-2030-target/#respond</comments> <dc:creator><![CDATA[Martins Eze]]></dc:creator> <pubDate>Sun, 09 Feb 2025 15:16:56 +0000</pubDate> <category><![CDATA[Climate Change]]></category> <category><![CDATA[Energy Transition]]></category> <category><![CDATA[International News]]></category> <category><![CDATA[Renewable Energy]]></category> <category><![CDATA[Renewables]]></category> <category><![CDATA[Sustainable Development]]></category> <category><![CDATA[Energy transition]]></category> <category><![CDATA[India]]></category> <guid isPermaLink="false">https://theelectricityhub.com/?p=99742</guid> <description><![CDATA[<p>India has achieved a historic milestone by surpassing 100 GW of installed solar power capacity, reinforcing its position as a global leader in renewable energy. This remarkable achievement is a… </p> <p>The post <a href="https://theelectricityhub.com/india-achieves-100-gw-solar-power-capacity-on-track-for-2030-target/">India Achieves 100 GW Solar Power Capacity, On Track For 2030 Target</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></description> <content:encoded><![CDATA[ <ul class="wp-block-list"> <li>India has achieved a historic milestone by surpassing 100 GW of installed solar power capacity.</li> <li>The rooftop solar sector in India witnessed remarkable growth in 2024, with 4.59 GW of new capacity installed, reflecting a 53 per cent increase compared to 2023.</li> </ul> <p>India has achieved a historic milestone by surpassing 100 GW of installed solar power capacity, reinforcing its position as a global leader in <a href="https://theelectricityhub.com/?s=renewable+energy">renewable energy</a>. This remarkable achievement is a testament to the nation’s commitment to a cleaner, greener future and marks a significant step toward realising Prime Minister Narendra Modi’s ambitious target of 500 GW of non-fossil fuel-based energy capacity by 2030, a Ministry of New and Renewable Energy release said.</p> <p>The release said that India’s solar power sector has witnessed an extraordinary 3450 per cent increase in capacity over the past decade, rising from 2.82 GW in 2014 to 100 GW in 2025. As of January 31, 2025, India’s total solar capacity installed stands at 100.33 GW, with 84.10 GW under implementation and an additional 47.49 GW under tendering.</p> <p>The country’s hybrid and round-the-clock (RTC) renewable energy projects are also advancing rapidly, with 64.67 GW under implementation and tendered, bringing the grand total of solar and hybrid projects to 296.59 GW.</p> <p><a href="https://theelectricityhub.com/?s=Solar">Solar</a> energy remains the dominant contributor to India’s renewable energy growth, accounting for 47 per cent of the total installed renewable energy capacity. In 2024, record-breaking 24.5 GW of solar capacity was added reflecting a more than two-fold increase in solar installations compared to 2023.</p> <p>Last year also saw the installation of 18.5 GW of utility-scale solar capacity, a nearly 2.8 times increase compared to 2023. Rajasthan, Gujarat, Tamil Nadu, Maharashtra and Madhya Pradesh are among the top-performing states, contributing significantly to India’s total utility-scale solar installations.</p> <p>The rooftop solar sector in India witnessed remarkable growth in 2024, with 4.59 GW of new capacity installed, reflecting a 53 per cent increase compared to 2023. A key driver of this growth has been the PM Surya Ghar: Muft Bijli Yojana, launched in 2024, which is now nearing 9 lakh rooftop solar installations, enabling households across the country to embrace clean energy solutions.</p> <p>India has also made significant strides in solar manufacturing. In 2014, the country had a limited solar module production capacity of just 2 GW. Over the past decade, this has surged to 60 GW in 2024, establishing<a href="https://theelectricityhub.com/?s=+India"> India</a> as a global leader in solar manufacturing. With continued policy support, India is on track to achieve a solar module production capacity of 100 GW by 2030.</p> <p> The Ministry of New and Renewable Energy (MNRE) has been implementing key initiatives to scale up renewable energy capacity in India. “This 100 GW milestone in solar energy underscores India’s role as a renewable energy powerhouse, ensuring clean, sustainable, and affordable <a href="https://www.msn.com/en-in/technology/renewable-energy/india-achieves-100-gw-solar-power-capacity-on-track-for-2030-target/ar-AA1yB64b?ocid=BingNewsVerp">energy access</a> for millions while shaping a self-reliant energy future,” the release said.</p> <p>The post <a href="https://theelectricityhub.com/india-achieves-100-gw-solar-power-capacity-on-track-for-2030-target/">India Achieves 100 GW Solar Power Capacity, On Track For 2030 Target</a> appeared first on <a href="https://theelectricityhub.com">The Electricity Hub</a>.</p> ]]></content:encoded> <wfw:commentRss>https://theelectricityhub.com/india-achieves-100-gw-solar-power-capacity-on-track-for-2030-target/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel> </rss>