Ambassador Patrick Murphy has expressed willingness to push private investors in the United States to work with the Kingdom’s oil and gas sector, so long as Cambodia is keen to coordinate with them. Mr. Murphy after a meeting with Energy and Mines Minister Suy Sem Wednesday tweeted the US is willing to push investors to invest on the Kingdom’s need for energy. “The US private sector is ready to support the Kingdom’s potential to produce oil and gas, integrate renewable energy and consider the environmental impacts of mining,” he said.
There is now enough installed solar energy capacity in the U.S. to power 13.5 million homes, and this amount is expected to double in the next five years. The solar energy industry is part of a very dynamic market. Let’s explore some trends in solar energy to better understand what is on tap for 2020: Solar Battery Prices Are Falling, Federal Solar Tax Credit Starts Decreasing, Electric Vehicles Boost Electricity Demand, and Demand for Solar with Battery Storage Increases.
According to forecasts, the wind and solar power sources in Vietnam will increase sharply in the period of 2021-2023 to compensate for the electricity shortage due to delayed thermal power projects and by 2025, the total capacity of these sources will reach over 20,000 MW. According to the report of the National Steering Committee on Power Development Planning (PDP), a total capacity of SPPs is expected to reach 14,450 MW by 2025 and 20,050 MW by 2030.
The Energy Ministry has announced 10 urgent action plans for 2020 to support living expenses for Thais, maintain the country's energy security and become a regional leader in the sector. Energy Minister Sontirat Sontijirawong said the ministry has to carry out several missions next year to ensure dynamic growth in the economy. A new round of licensing for petroleum exploration and production (E&P) is expected in 2020 after 12 years of postponement, he said.
Across the world, countries are facing increasing pressure to reduce the ecological imprint they leave on the planet, slow down climate change, and protect the environment for future generations. Greater emphasis has been placed on the importance of transitioning to using renewable energy, instead of fossil fuels…Compare the Market has analysed the energy consumption of 21 countries to reveal which are using the most and least renewable energy sources in their total consumption.
Global coal-fired power generation is set to experience its largest decline ever, off the back of renewables buildout in US and Europe, according to the International Energy Agency (IEA). The agency forecasts that renewable sources, such as wind and solar, will supply a major portion of the increase in global electricity demand over the next five years. Electricity generation from coal will rise only marginally over that period, at less than 1% per year – and its share will decline from 38% in 2018 to 35% in 2024, according to the 'Coal 2019' report.
The Asian Development Bank (ADB) has achieved a key commitment to double its annual climate investments from $3 billion in 2014, hitting a record high of more than $6 billion in climate-related financing in 2019. ADB was the first multilateral development bank (MDB) to make a climate financing commitment at the United Nations (UN) Climate Change Summit in September 2015—and has now reached its target commitment one year ahead of time.
The Global Wind Energy Council (GWEC), Thailand Wind Energy Association (ThaiWEA) and United States Agency for International Development (USAID) joined forces in Bangkok to hold the first Thailand Wind Energy Roundtable. This roundtable discussion brought together Thai government stakeholders and industry players active in the region to constructively discuss how to strengthen onshore wind development in Thailand.