Global Climate News

AleaSoft Energy Forecasting reported electricity price drops across major European markets in November's third week, driven by increased wind energy production. German market saw lowest prices due to combined wind and solar production.

South African President discussed electricity sector reforms, climate change impacts, and infrastructure development including renewable energy initiatives in address to National Council of Provinces.

Fulan Offshore has deployed CLV Fu Yang for inter-array cable installation at Yangjiang Qingzhou VI offshore wind farm in China, a 1 GW capacity project by Three Gorges Corporation.

SolarPower Europe has proposed an IPCEI for smart electrification to support EU's inverter industry, focusing on hardware, software and disruptive technology advancement. EU currently has 80 GW inverter manufacturing capacity.

Sunlit Solar has launched EV3600 bidirectional inverter for storage systems, enabling charging from grid power during low electricity prices and solar carport EV charging capabilities.

India has installed 4.8 GW of open access solar capacity in 9M 2024, reaching a cumulative capacity of 17.8 GW, with Maharashtra, Tamil Nadu, and Uttar Pradesh leading Q3 installations.

Abu Dhabi's IHC has maintained its investment outlook in Adani Group despite US indictments, citing confidence in their green energy contributions. IHC previously invested $2 billion across Adani companies in 2022.

Russia's attacks on Ukraine have severely damaged energy infrastructure, causing widespread blackouts and disrupting critical services across multiple regions.

Energy storage systems have seen 40% price reduction since 2022, with ROI periods dropping below 10 years. Commercial revenue streams have become more important due to price volatility from renewable energy integration.