Tag: Renewable energy

EnergySustainability

Global Renewable Energy Growth Hits Record But Falls Short of Climate Targets

Global renewable energy capacity grew by a record 15.1% in 2024, adding 582 GW of new installations. However, this remains below the 16.6% annual growth needed to achieve the UN climate target of tripling renewable capacity by 2030.

Record Renewable Growth Still Insufficient for Climate Goals

The global transition to renewable energy achieved unprecedented momentum in 2024, with a record 582 gigawatts of new capacity added worldwide. This represents a 15.1% annual growth rate, according to a comprehensive report released by leading international energy organizations. Despite this remarkable progress, the current growth trajectory remains insufficient to meet the ambitious target of tripling global renewable capacity by 2030, a key commitment made by over 100 countries during the COP28 climate summit.

by Bennett Laura
EnergyPolicy

Thailand’s New Direct Renewable PPA Framework for Data Centers: Eligibility, Impact, and Market Context

The Thai Energy Regulatory Commission has released draft regulations establishing a framework for data centers to directly purchase renewable power through the national electrical grid. This pilot policy sets stringent eligibility requirements for both power producers and BOI-promoted data center operators, marking a significant step in Thailand’s clean energy transition for its burgeoning digital infrastructure sector.

Thailand’s Energy Regulatory Commission (ERC) has unveiled groundbreaking draft regulations that establish a formal framework for data centers to purchase clean electricity directly from renewable energy producers via the national electrical grid. This initiative, first reported by w.media, represents a strategic move to align Thailand‘s rapidly expanding digital infrastructure with global sustainability standards while addressing the significant energy demands of modern computing facilities.

Regulatory Framework and Policy Background

by Ortega Rafael
BusinessEnergy

Orsted Announces Major Workforce Reduction of 2,000 Jobs in Strategic Restructuring

Danish renewable energy giant Orsted is eliminating 2,000 positions, representing a quarter of its global workforce. The cuts are part of a strategic shift toward European offshore wind markets and select Asia-Pacific regions. The company expects to realize approximately $311.5 million in annual cost savings by 2028.

Orsted, the Danish renewable-energy leader, will slash approximately 2,000 jobs over the coming years as part of a major strategic restructuring. The workforce reduction represents about a quarter of the company’s global employees and comes alongside plans to scale back its international footprint to concentrate on core markets. This dramatic cost-cutting initiative aims to save around $311.5 million annually by 2028, when efficiency measures become fully implemented.

Strategic Shift Toward Core Renewable Energy Markets

by Bennett Laura