Hydropower is the most widely used renewable energy source worldwide, according to analysis of Energy Information Administration data performed by RS Components. As a result of global warming, depleting fossil fuel stocks and volatile oil prices, countries around the world are focusing on developing their renewable energy strategies in a drive for a global clean energy transition. Producing renewable energy is now more critical than ever and all types are increasing exponentially in market share as the costs of production decrease. The benefits of using renewable energy are potentially life-changing for the world’s population and include reductions in air and water pollution, damage to public health, wildlife and habitat loss, and global-warming emissions.
There have been over 30 million confirmed cases of COVID-19 globally, and the number of active cases has continued to rise. As part of the economic relief effort, governments have spent trillions of dollars to support households and businesses impacted directly or indirectly by the spread of the coronavirus. Although global active cases continue to increase, the combination of encouraging results from vaccine trials and the end of most government-imposed lockdowns have helped shift investor attention from relief to recovery. The global recovery from the economic cost of the pandemic will require further trillions of dollars of stimulus, it presents us with a unique opportunity.
A power development plan for 2021-30 with a vision to 2045 would not only meet electricity demand but also more importantly create a strong association between Việt Nam and other countries in the region towards a competitive power market. Deputy Minister of Industry and Trade Hoàng Quốc Vượng made the statement at a conference held in Hà Nội on Monday. Vượng said the power development master plan 8 had basically been completed and would be submitted to Prime Minister Nguyễn Xuân Phúc for approval next month. The country's total power output is expected to increase by nearly 80,000 MW by 2030. Large power sources such as coal, gas and LNG thermal power plants are expected to increase by over 30,000 MW, while onshore and offshore wind and solar power plants will expand by approximately 50,000 MW.
A new study released by research firm Wood Mackenzie states that achieving goals set under the Paris Climate change agreement remains a herculean task. In its annual Energy Transition Outlook, the research firm says the world must combine coronavirus recovery efforts with massive investments in renewable energy and clean infrastructure if it is to limit global warming to 2 degrees or lower. Wood Mackenzie says renewables, green hydrogen and carbon capture, use and storage are key technologies in fighting climate change. The study states that the world needs to be much more efficient, substantially more electrified and make circular economy a priority to be able to achieve the targets.
In a year that has witnessed strong growth of renewable generation and declines in fossil-fuel production, the new edition of the U.S. Energy Information Administration’s (EIA) Electric Power Monthly report confirms that solar and wind are the fastest growing sources of U.S. electricity. In the month of July, solar, including distributed generation, accounted for nearly 3.5% of the nation’s total energy generation, up nearly 20% from 2.8% in July 2019. In the January-July 2020 period, solar accounted for nearly 3.4% of the country’s generation, up 22.2% from the 2019 year-to-date mark of 2.6%. It should be noted that these figures only factor in solar PV generation. Solar thermal generation provided modest additions.
The International Renewable Energy Agency—a global intergovernmental organization with 180 country members that supports renewable energy transition—has just released its Renewable Energy and Jobs report for 2020, with some surprising revelations about the role of solar energy in new job creation. “Renewable energy, now predominant in new electric power capacity, has proven especially flexible, cost-effective, and resilient in the face of the 2020 health and economic crisis,” IRENA Director-General Francesco La Camera writes in the foreword to this year’s report. “Even better, renewables create numerous and diverse jobs. Last year, jobs in the sector worldwide reached an estimated 11.5 million, continuing a long-term growth trend.”
NSTDA in collaboration with KKU KMUTT KMUTNB and EVAT to fund Thailand Energy Storage Technology Alliance
The Ministry of Higher Education, Science, Research and Innovation by National Science and Technology Development Agency, Khon Kaen University, King Mongkut's University of Technology Thonburi, King Mongkut's University of Technology North Bangkok in collaboration with Electric Vehicle Association of Thailand, signed a memorandum of understanding for Partnership Agreement among the founding institutes of Thailand Energy Storage Technology Alliance (TESTA). The purpose is to establish alliances in developing storage technologies along its value chain.
For the past two decades, ASEAN member states have achieved remarkable progress in the energy sector in terms of the acceleration of rural electrification access, rapid provision of large-scale national grid systems, successful mobilisation of indigenous resources, gradual adoption of new technologies and share of renewables into their respective energy mix. Further, ASEAN is also beginning to see cross-country electricity entry trade bilaterally and power exchanges that will promote the future market of multi-lateral trade. However, the future energy landscape of ASEAN will rely on today’s actions, policies, and investment to change the current dominant fossil fuel-based energy system into a cleaner energy system.