China’s coal expansion to eclipse renewable energy gains – report
The country has increased its coal-fired power output significantly since 2022 and the post Covid-19 recovery has been energy intensive.
29 November 2023
29 November 2023
The country has increased its coal-fired power output significantly since 2022 and the post Covid-19 recovery has been energy intensive.
The company has 100 projects with 7.8GW of total capacity under development across ten countries.
At the COP summit in 2021, India signed an agreement to phase down coal, but the continued increase in domestic production and output goes against this pledge.
The clean electricity will be supplied to PacifiCorp, which will supply it to Meta to support its commitment to renewable energy.
The 100MW first phase of the Prairie Mist solar project will generate enough energy to meet the needs of 22,000 homes annually.
The company will commission the project within 24 months of signing the power purchase agreement.
Around two-thirds of Iberdrola’s investments from 2024 to 2028 will be for transmission and distribution electricity networks.
The project’s 35GW of electrolysis capacity can produce four million tonnes of green hydrogen or 18 million tonnes of green ammonia per annum.
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The push for a transition to cleaner energy, driven by strong policies and financial support, will heavily impact the future of renewables, allowing them to take almost 50% of the power mix by 2035. From a regional perspective, Europe and North America will continue to have an accelerated shift into clean technologies, whereas progress is slower in Asia-Pacific and specially Middle East where thermal technologies will still be their main power source. The development of new technologies such as hydrogen, energy storage, carbon capture and smart grids, are also driving change in the power sector.
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