EnergyMagz’s Post

Brazil Boosts Renewable Energy Capacity with 22 Gigawatts Addition in Two Years #RenewableEnergy #GreenEconomy #Energy #EnergyTransition https://lnkd.in/gV_mPYgU

“It’s excellent news to see the historical and spectacular growth of renewable energy.” - Fatih Birol World’s renewable energy capacity grew at record pace in 2023: Estimated 507GW of capacity was added globally. “Spectacular” growth offers a “real chance” of meeting Cop28 goal of tripling renewable energy capacity by 2030, Says IEA: https://buff.ly/420P1es

Renewable energy expanded more than 50 percent last year compared to 2022, potentially putting the international goal of tripling capacity by 2030 in sight, according to the International Energy Agency (IEA). https://lnkd.in/eEpBGTQB

2023 marked a record year for wind energy installation, totalling an impressive 116 GW globally. Notably, Europe had a significant year, with Germany and the Netherlands increasing installations. This growth not only signifies a leap for the renewable energy sector but also a shift for carbon neutral goals: seven countries are now generating all their energy from renewable sources. Delve deeper into these insights here: https://hubs.la/Q02tZsS_0 #RenewableEnergy #WindPower #Sustainability #WindEnergy

#Germany is significantly increasing its commitment to renewable energy, with funding projected to reach €18 billion by 2025. This substantial investment highlights the country’s dedication to a sustainable future and marks a crucial step in the transition to cleaner energy sources. The budget will rise from €15.9 billion in 2024 to €18 billion in 2025, primarily focusing on expanding renewable energy capacity. This funding will back crucial initiatives like #grid expansion and #energy storage solutions. Such a shift presents exciting opportunities for the whole ecosystem, benefiting businesses and professionals in the green technology sector. What are your thoughts on this substantial investment? How do you think it will impact the renewable energy landscape in Europe? Let’s discuss! #RenewableEnergy #Ilosta #WindTurbineHealth #WindEnergy #Renewables #Investment

Succinct summary here of the Irish renewables story so far - #Sustainability #NetZero #CISL https://lnkd.in/eXGUP5Sc

I came across this interesting article from Canary Media Inc. that shows the global growth of renewable energy capacity from 2000 to 2020, based on data from the International Renewable Energy Agency (IRENA). The data reveals that the world is building renewable energy faster than ever before, with a record 260 gigawatts (GW) of new capacity added in 2020, despite the COVID-19 pandemic. This is a remarkable achievement that demonstrates the resilience and innovation of the clean energy sector. However, the article also highlights the regional differences in renewable energy deployment, with Asia leading the way, followed by Europe and North America. There is still a lot of work to be done to ensure that more regions and countries can benefit from the transition to clean energy, and that the existing gaps and inequalities are not exacerbated. Moreover, the article points out that the trend of renewable energy expansion is likely to continue, as more countries commit to net-zero emissions targets and invest in clean energy technologies. This is a positive sign, but it also raises the question of how to integrate the increasing share of variable renewable energy sources into the power system, and how to ensure that the grid is reliable, flexible and secure. #RenewableEnergy #CleanEnergy #IRENA #NetZero #ClimateAction https://lnkd.in/g4ibzjs9

The International Renewable Energy Agency (IRENA) has published its Renewable Energy Statistics 2024 report, showing a record 14% year-on-year growth in installed renewable power capacity from 2022 to 2023. #energytransition

What do you think about the 11,500 crore outlay to renewable energy through the Interim budget for 2024? The government has proposed over Rs 11,500 crore combined funding for the National Green Hydrogen Mission, Solar and Wind Energy this year. Here are some of the takeaways on energy, climate, and the environment from the budget: ▶ Rs 10,000 crore in 2024-25 for grid-based solar power scheme, compared to Rs 4,757 crore in 2023-24, as per revised estimates. ▶ Wind power was allocated Rs 930 crore in 2024-25 compared to Rs 916 crore in 2023-24. ▶ Rooftop solarisation: 10 million houses to be brought under rooftop solar scheme and provided 300 units of free electricity each month. ▶ Viability gap funding will be provided for offshore wind energy for an initial capacity of 1 gigawatts. ▶ Coal gasification and liquefaction of 100 tonnes capacity to be set up by 2030. ▶ National Green Hydrogen Mission allocated Rs 600 crore in 2024-25, compared to Rs 100 crore in 2023-24. ▶ Union Ministry of New and Renewable Energy’s (MNRE) budget estimate increased to Rs 12,850 crore from Rs 10,222 crore last year. We believe this will revitalize the country’s clean energy initiatives and drive growth in rural economy. The backing of sustainable technologies, including electric vehicles and charging infrastructure, bodes well for a cleaner future and is expected to lead to a sustained growth of the economy.

Renewable energy targets: the revised Renewable Energy Directive, adopted in 2023, raises the EU’s binding renewable energy target for 2030 to a minimum of 42.5%. European Commission #Energy Solaria Energía y Medio Ambiente https://lnkd.in/dGuQFrAt