Summary: This mammoth project, costing approximately $20 billion, is not just an impressive feat in scale—spanning over 200 square miles and visible from space—but also in its potential impact, with the capabil...
Summary:
In a major push for clean energy, governments globally plan to tender more than 100 gigawatts of renewable projects in 2024, with a significant focus on offshore wind. This move mirrors the successful allocation of 137 GW in 2023, underscoring a robust global commitment to increasing renewable energy capacity. Analysts highlight the essential role of government tenders in accelerating the transition to sustainable energy sources.
Deep Dive:
In a significant move towards bolstering renewable energy capacity, governments worldwide are poised to tender over 100 gigawatts (GW) of renewable energy projects in 2024, matching the ambitious efforts of 2023.
Excerpt:
The IEA’s Electricity 2024 report highlights the growing importance of renewable energy, projecting its rise to 37% of global electricity by 2026, while addressing the challenges and opportunities in the rapidly evolving electricity sector.
Deep Dive:
The International Energy Agency (IEA) annually publishes a comprehensive report analyzing the current state and future trends of the electricity sector.
Excerpt: COP28’s historic decisions emphasized accelerating the transition to a net-zero economy, notably advocating for a significant increase in renewable energy investments and a move away from fossil ...