The first half of 2022 has been eventful for global power markets. The fallout from the Russia-Ukraine war has exacerbated supply issues and driven up prices, which are unlikely to come down in the short term. This has impacted the outlook in all regions, albeit in different ways.
osts for renewables continued to fall in 2021 as supply chain challenges and rising commodity prices have yet to show their full impact on project costs. The cost of electricity from onshore wind fell by 15%, offshore wind by 13% and solar PV by 13% compared to 2020.
As the world’s only crowd-sourced report on renewable energy, the Renewables 2022 Global Status Report (GSR) is in a class of its own. It covers policies, markets, and much more, while telling the most up-to-date global story on renewable energy.
By the end of the 13th five year plan (2020), the cumulative installed capacity of offshore wind power in China was 10.87 million KW. Among them, the cumulative installed capacity of offshore wind power in Jiangsu Province is 6.816 million KW, accounting for 62.7% of the total cumulative installed capacity of offshore wind power; Guangdong […]
Recently, PowerLab released the “Zero-Waste Future of Renewable Energy: A Study on the development of recycling industry for wind and solar energy”, which understands the recycling status and market scale of China’s wind power and photovoltaic industry, the impact of the growth of recycling scale on society, global innovation practice and other dimensions, and puts […]
This year’s edition of the World Energy Investment report provides a full update on the investment picture in 2021 and full-year estimates of the outlook for 2022. It examines how investors are assessing risks and opportunities across all areas of fuel and electricity supply, critical minerals, efficiency and research and development, against a backdrop of […]
Recently, the latest report Re-organizing power systems for the Transition released by the International Renewable Energy Agency (IRENA) pointed out that the power sector, as the core of the global energy transformation, will rely on the improvement of the electrification degree of end users and use variable renewable energy (VRE) such as wind energy and […]
The offshore wind industry enjoyed its best-ever year in 2021. This success, allied with the increased ambition around offshore wind means GWEC has raised its outlook for 2030 by 16.7% to a total of 316 GW installed.
Researchers at the National Renewable Energy Laboratory (NREL) have learned a lot about how to reliably integrate large amounts of wind and solar power onto the grid—but there are a few outstanding challenges. One such challenge is making sure the grid is protected if there is a fault, such as a short circuit. In a […]
Ammonia is one of the seven basic chemicals used to produce all other chemical products. It is the second most produced chemical by mass, after sulphuric acid. Around four-fifths of all ammonia is used to produce nitrogen fertilisers, such as urea and ammonium nitrate; as such, it supports food production for around half of the […]