Sri Lankaโs offshore wind resource far exceeds the South Asian nationโs energy demand, and its development could help the countryโs economic recovery by displacing costly fuel imports, according to the World Bank.
The Philippines could get nearly one-fifth of its power from offshore wind by 2040 under a high-growth scenario that would deliver 21GW of capacity, according to the latest study from the World Bank. However, numerous challenges need to be overcome to realise this commercial potential.
Neptune Energy has endorsed the World Bankโs Zero Routine Flaring by 2030 initiative, as further momentum grows behind emissions reduction efforts ahead of COP26.
The nascent offshore wind market in the Philippines, which is Southeast Asiaโs second most populous country, offers exciting opportunities for foreign investors, particularly experienced UK companies.
The gas-flaring rate of the European Unionโs imported gas is 33x higher than indigenous production. We commend the EUโs recent methane strategy, but to support net zero the EU needs an equally clear EU gas flaring strategy.
Eskom has been instructed to halt work at a number of units at its Kendal power plant by the South African Department of Environment, Forestry and Fisheries (DEFF).
The Global Wind Energy Council (GWEC) has announced it will work with World Bank to help promote an intergovernmental forum on "emerging offshore wind markets".
World Bank Group has ploughed triple the amount of investment into the oil and gas sector than renewable energy projects over the last five years, according to a new report.
European funding could allow the Republic of Moldova is to be connected to neighbouring Romaniaโs power grid in a bid to diversify its electricity supply.