Phyken Network’s Post

Many challenges but can be soon to come for the SEA #GoGreenergy effectively: " Investment in renewables in Southeast Asian countries could reach US$119 billion by 2027 driven by wind, solar and geothermal projects, according to energy research firm Rystad Energy. In the shorter term, investments in renewables are set to exceed US$76 billion from 2023 to 2025. The company said energy transition in Southeast Asia was propelled by different countries in the region, including Vietnam, the Philippines and Indonesia. https://lnkd.in/gQcuEtNM World Hydrogen Council

BrightNight, a US-based company, has collaborated with ACEN, an Ayala Group affiliate for setting up a 1 GWac renewable power portfolio in the Philippines. An estimated capital deployment of $1.2 billion is planned over the next five years. This is the second such collaboration between BrightNight and ACEN and follows the one established in India in March 2023. The two companies had formed a 50-50 partnership for setting up 1.2 GW large-scale hybrid wind-solar and round-the-clock renewable power projects in India in 2023. https://lnkd.in/gP3Ne2Wq #philippines #renewables #cleanenergy #greenenergy #southeastasia #collaboration #hybrids #storage

In a groundbreaking revelation, the IEA showcased the remarkable strides in global renewable energy capacity, with a staggering 50% surge in 2023. In their Renewables 2023 report, solar energy emerged as the vanguard of exponential growth. Additionally, China has emerged as the frontrunner in renewable energy growth. A closer look reveals that China has seen an impressive 65% year-on-year increase in wind power. It's exciting to think about what 2024 will hold for the future of energy. Nonetheless, this unprecedented achievement highlights China’s commitment to sustainable energy and its evolving position in the energy landscape. #RenewableEnergy#ChinaRenewables #EnergyTransition

🌞 Exciting news from Chile! 🌞 Chile celebrates the inauguration of CEME 1, its largest solar power plant, developed by Generadora Metropolitana. This 480 MW plant in the Atacama Desert will power 500,000 homes and reduce CO2 emissions by 280,000 tons annually. Chile's renewable energy market is thriving, with ambitious goals to generate 70% of its electricity from renewables by 2030. This project is a major step towards the country's carbon-neutral future and strengthens EDF's presence in the region. What do you think are the key factors behind Chile's success in the renewable energy sector, and how can they be replicated elsewhere? 🍃🌍 #RenewableEnergy #SolarPower #Chile

Mubadala and PAG Launch PAG REN I to Boost Japan’s Solar Energy Ambitions PAG, leveraging its extensive experience in the Japanese real-estate market and the expertise of its renewable energy team PAG Renewables, has announced the launch of PAG REN I. This new platform aims to operate across developed Asia Pacific economies, with a primary focus on Japan. It will support Japan’s ambitious solar energy goals, which include the installation of 108GW of solar capacity by 2030. Hammad Rahman, Head of Asia Pacific – Traditional Infrastructure at Mubadala, expressed excitement about this venture. “Mubadala is thrilled to extend our presence in Japan and the wider Asia Pacific Region alongside PAG, marking our first […] Read the full story here: https://lnkd.in/gj7bwqX4 #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #america #asia #cleanenergy #europe #japan #mubadala #northamerica #pag #ppa #renewableenergy #solarenergy

Big news in the renewable energy sector! 🌿💡🌍 Masdar has just announced an impressive move with a €3.2bn acquisition of Terna Energy. This makes it one of the biggest deals in European renewables to date. This strategic acquisition is a true game-changer, marking Masdar's commitment to expanding its green energy influence across Europe. Terna Energy, holding a significant portfolio of wind, solar, and hydro assets, aligns perfectly with Masdar's sustainable vision. 🌬️☀️💧 Are you excited about the future of renewable energy in Europe? This deal could be the spark that accelerates the green transition even further. 👇 How do you see this impacting the industry in the long run? Share your thoughts! #RenewableEnergy #GreenInvestment #SustainableFuture

Global Renewable Energy Capacity Surges by 50% in 2023 - Which continent do you predict will see the most growth in 2024?? The Renewables 2023 report reveals a remarkable 50 percent upswing in global renewable energy capacity expansion during the previous year. This surge, predominantly led by solar energy, accounted for three-quarters of the overall augmentation. Noteworthy advancements were not confined to China, as both Europe and the United States, alongside Brazil, experienced unprecedented highs in renewable energy capacity, underscoring the widespread and global character of the renewable energy revolution. #renewableenergy #staffingandrecruitment

We have officially connected the 108 MW La Mata solar plant to the grid in Colombia! This is the our second project in Colombia. Jose Luis Garcia Perez, Zelestra’s CEO in Latin America stated, “This milestone is critical for Zelestra as we pursue a very ambitious plan for the region to meet its decarbonization goals. We have been present in Chile and Peru for many years, and now we are consolidating our presence in Colombia, a country where we aim to grow in the coming years.” Zelestra is the largest independent generator of non-conventional renewables in Colombia and has also recently connected the 144 MW La Unión project in Colombia. These projects represent a significant contribution to Colombia’s energy transition and reaffirm Zelestra’s commitment to sustainability goals in Latin America and in the country. #decarbonization #Colombia #renewables #energy #milestone #solar https://lnkd.in/dfG6McFA

Could MENA lead the way in Renewables? A recent World Economic Forum report highlights MENA's potential in renewable energy production. With generous natural resources like high solar irradiation levels and vast land for wind farms, the region is well-positioned. The report outlines key strategies, including scaling up renewable projects and promoting cross-border collaboration. In the coming years, it seems Middle East & North Africa is likely to emerge as a global leader in the renewables industry. Read more here: https://lnkd.in/drr25ZwY SolarQuarter #MENA #Renewables #NorthAfrica

ASEAN Boosts Solar And Wind Capacity By 20% To Over 28 GW, Says Report A recent report by the Global Energy Monitor (GEM), titled “Race To The Top SE Asia 2024,” reveals that Southeast Asia is rapidly becoming a frontrunner in the global pursuit of clean energy. The region is poised to achieve its ambitious renewable energy goals, fueled by a significant surge in the deployment of solar and wind power. Dr. Simon Wong, the lead author of the report, expresses astonishment at the rapid growth of renewables in Southeast Asia, noting the region’s transformation from a follower to a leader in clean energy within a few years. Several key factors contribute to Southeast […] Read the full story here: https://lnkd.in/dfyRfEfe #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #asean #cleanenergy #globalenergymonitor #renewableenergy #solarenergy #southeastasia