The Asian Development Bank (ADB) has signed a $121.55 million financing package with Dynamic Sun Energy to build and operate a 100 MW grid-connected solar PV plant in Pabna, Bangladesh.
Qatar General Electricity and Water Corporation has launched the Qatar National Renewable Energy Strategy (QNRES) which plans to increase renewable power generation to 4 GW by 2030.
Azerbaijan’s Ministry of Energy, with the support of the European Bank for Reconstruction and Development (EBRD), has announced the country’s first renewable energy auction for a 100 MW solar power plant project in Gobustan.
The Northern Power Generation Company Limited (NPGCL) in Muzaffargarh, Pakistan, has signed an MOU with Ningbo Green Light Energy (NGLE) of China to upgrade an existing thermal power plant into a 300 MW solar power project.
The California Public Utilities Commission (CPUC) has passed a decision to allow distributed renewable energy resources like residential solar and battery energy storage to interconnect to the grid without triggering grid impacts that require infrastructure upgrades.
Brazil has reduced the proportion of electricity generated by hydropower, replacing it with solar and wind, according to data from energy think tank Ember.
The EU has announced that it intends to invest €37 million into the Nigerian power sector, aiming to address the longstanding issue of inadequate electricity supply in the country.
One of the most significant challenges posed by connecting more renewable energy to the grid is intermittency. Balancing the potential energy shortages or oversupply requires a flexible approach.
By Steven Hardman, CEO, Conrad Energy
Although the introduction of the US Inflation Reduction Act IRA incentivises solar manufacturing, local production capacity is currently only around 13 GW. This falls far short of government ambitions, and pales in comparison to the 1000 GW that China could produce if its factories were running at full capacity. The figures reflect how serious the oversupply situation is for the Chinese market, while the US faces mounting pressure to translate planned projects into reality.
By Brian Crotty, Executive Vice President and General Manager, Dow Jones Energy
Mauritania and the African Development Bank (AfDB) have signed financing agreements for two energy sector projects in Mauritania worth $289.5 million.