IEA forecasts a 4% annual surge in global electricity demand through 2027, driven by industrial growth and electrification
News about anything relating to the energy sector.
IEA forecasts a 4% annual surge in global electricity demand through 2027, driven by industrial growth and electrification
At the 2025 Soft Power Index, John Kerry commends the UAE’s climate leadership while urging global leaders to step up their efforts against climate change.”
Vestas experienced a remarkable turnaround in 2024, achieving a 600% profit increase and prioritising quality.
The Tyligulska wind farm in Ukraine receives funding to expand from 114 MW to 500 MW, enhancing energy independence amid war.
China will discontinue fixed pricing for renewable energy, shifting to market-determined rates. This change aims to reflect market dynamics, enhance efficiency, and stimulate investment in ancillary services by June.
Research by BloombergNEF reveals ongoing declines in clean energy technology costs globally, driven by China. Wind, solar, and battery prices are predicted to drop significantly through 2035, enhancing market viability.
In 2024, clean energy investments hit $2.1 trillion, marking an 11% growth. Key areas included electrified transport and renewable energy, but emerging technologies faced declines due to risks. China led investments.
Mission 300 aims to provide electricity to 300 million Africans by 2030 through bold reforms, investments, and collaboration, leveraging renewables to enhance living standards and empower communities.
The EIA predicts solar power will drive US electricity growth, adding significant capacity while coal retirements continue increasing in coming years.
Donald Trump, as the 47th US President, prioritizes reversing Biden’s climate agenda, exiting the Paris Agreement, increasing fossil fuel production, and deregulating energy policies, despite climate concerns from environmental groups.