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IEEFA
Renew Economy: The 1GW Mohammed bin Rashid Al Maktoum Solar Park in the United Arab Emirates has reportedly begun powering the production of aluminium, a world first and a major milestone on the path to decarbonising the global manufacturing industry. The Dubai Electricity and Water Authority (DEWA) and Emirates Global Aluminium (EGA) jointly announced this […]
IEEFA
Khaleej Times: The fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, that Dubai Electricity and Water Authority (Dewa) is building, will have the largest energy storage capacity in the world of 15 hours on completion, allowing for energy availability around the clock. The 950MW 4th phase is the largest investment project in […]
IEEFA
Bloomberg: The United Arab Emirates may use more solar energy for its power grid and to produce hydrogen as prices fall, a government official said. Two local companies have offered to supply solar power from an Abu Dhabi project at a record-low price, according to Sharif Al Olama, under-secretary at the UAE’s Ministry of Energy […]
Vibhuti Garg
Implications of low bids for future growth
This Q&A first appeared in RenewableWatch Solar energy tariffs have witnessed a gradual decline over the years in India and globally. A recent auction for 2 gigawatts (GW) of solar projects conducted by the Solar Energy Corporation of India (SECI) witnessed a record-low tariff of Rs 2.36 per kWh. At the same time, the world’s […]
Press Release and Vibhuti Garg
5-10% annual decline in tariffs estimated for the next decade
29 August 2020 (IEEFA India): A number of countries in the Gulf region have set record-low prices for solar in recent years, leading to hopes that India and other countries may soon be able to achieve similarly cheap – or cheaper – solar tariffs. But a new report by the Institute for Energy Economics and […]
IEEFA
Greentech Media: In one of the U.S. renewable energy market’s biggest deals in a challenging year, Masdar is set to acquire a 50 percent stake in a 1.6-gigawatt portfolio of advanced wind, solar and energy storage projects from EDF Renewables North America. The deal, expected to close later this year, represents a new front in […]
Press Release, Sara Jane Ahmed and Elrika Hamdi
From below 1MW before 2019, ASEAN nations now have over 51MW installed and 858MW planned
July 1, 2020 (IEEFA) – Asia leads Europe in deploying floating solar, also known as floating photovoltaic (FPV), a new IEEFA report finds. Energy finance analysts Sara Jane Ahmed and Elrika Hamdi note that power demand in the Philippines and Malaysia has dropped by as much as 16% during the COVID-19 lockdown, causing extreme stress […]
IEEFA
ReNews.biz: United Arab Emirates-based renewables developer Masdar has signed an agreement with the government of Uzbekistan to build a 500MW wind project. The agreement, with the Ministry of Investments and Foreign Trade of the Republic of Uzbekistan and JSC National Electric Grid of Uzbekistan, covers the design, financing, construction and operation of the wind farm. […]
Press Release and Tim Buckley
Solar costs continue to decline
8 June 2020 (IEEFA Australia): Despite the devastating impact of COVID-19, during the months of April and May, renewable energy continued to break records, according to the Institute for Energy Economics and Financial Analysis (IEEFA). Most strikingly, April 2020 saw the Emirates Water and Electricity Company (EWEC) award a 1.5 gigawatt (GW) solar tender to […]
Tim Buckley
Seven headwinds are building to sustained growth in coal in Asia
The medium term outlook for thermal coal in Southeast Asia is positive. The region is likely to see a continuation of growing energy demand on the back of strong demographic trends which underpin a strong regional economic growth profile. HOWEVER, INVESTORS AND CORPORATES SHOULD PROCEED WITH EYES WIDE OPEN to the risks of the global […]
IEEFA: Why India can’t match the Gulf region’s record-low solar tariffs
5-10% annual decline in tariffs estimated for the next decade29 August 2020 (IEEFA India): A number of countries in the Gulf region have set record-low prices for solar in recent years, leading to hopes that India and other countries may soon be able to achieve similarly cheap – or cheaper – solar tariffs. But a new report by the Institute for Energy Economics and […]