Global Climate News

The European Energy Exchange (EEX) has introduced new \"Mon-Sun Peak Power Futures\" contracts for the Spanish market and short-term futures for the Greek power market, starting February 24, 2025. These aim to facilitate renewables integration by addressing the impact of solar power on electricity spot prices. EEX also extended expiries to ten calendar years for French and Dutch power markets to support renewables integration and provide PPA hedging opportunities.

Nigerian company STAR PLUS BATTERY offers solar batteries with a 24-month warranty, highlighting their high power output, long lifespan, deep discharge performance, high charge acceptance rate, low self-discharge rate, tolerance to high temperatures, and eco-friendly nature. The batteries are suitable for homes, offices, and businesses.

Nigeria-based STAR PLUS BATTERY offers solar batteries with a 24-month warranty, highlighting features like high power output, long lifespan, deep discharge performance, and high charge acceptance rate. The company emphasizes their eco-friendly and recyclable nature and provides customer support via phone, WhatsApp, and email.

Kjetil Olsen, Nordea's chief economist, discussed current economic challenges, including high inflation and the need to curb economic growth through interest rate hikes. He also highlighted three key challenges shaping the world economy: the green transition requiring massive investments in renewable energy, the decline of globalization potentially impacting product pricing, and demographic shifts leading to potential labor shortages.

India has organized India Energy Week 2025 (IEW’25) from February 11-14 in New Delhi, focusing on decarbonization, energy equity, and low-carbon economies. The event featured 70+ CEOs from major energy companies, 20+ foreign energy ministers, and discussions on clean power pathways, grid-scale energy storage, and methane mitigation. IEW’25 also highlighted India’s advancements in renewable energy and technologies like green ammonia and hydrogen production.

The European Commission announced that the 2025 EU Sustainable Energy Week (EUSEW) will focus on "Powering a fair and competitive green transition." The event, scheduled for June 10-12, 2025, will address key energy priorities, including increasing investments in clean energy and technologies. Calls for policy session proposals and EUSEW Awards nominations are open.

The US-based EcoFlow has published a blog post explaining how to get the 30% solar tax credit, which is part of the Inflation Reduction Act and is valid from tax year 2023 through 2032. The post details what costs qualify for the credit, how to claim it, and how it works with other incentives and rebates.

Modo Energy released version 3.3 of its Battery Revenue forecast for Great Britain. The update includes new intraday price modeling, re-optimized battery dispatch in the intraday market, updated nuclear capacities, and commodity price updates. Gas prices for 2025 are 13% higher than previously forecast.

Aurora Energy Research has published the European Renewables Market Overview Report (RESMOR), providing insights into solar PV, onshore wind, and offshore wind markets across 28 European countries. The report includes a comprehensive Excel databook and a 90-minute workshop with Aurora’s experts.

Aurora Energy Research projects a more than threefold increase in Europe’s intermittent renewable energy capacity by 2050. However, this growth will fall short of climate goals due to negative prices, market saturation, and grid congestion. Key strategies to mitigate risks include BESS co-location, portfolio diversification, and accessing additional revenues through capacity, ancillary, and balancing markets. Policymakers need to ensure strong incentives and flexible frameworks to drive sustained renewable growth.

India's renewable energy installed capacity reached 209.44 GW in December 2024, a 15.84% increase from December 2023. Solar power capacity increased by 24.54 GW (33.47%) to 97.86 GW, and wind capacity increased by 3.42 GW (7.64%) to 48.16 GW. The MNRE aims to achieve 500 GW of renewable energy by 2030.

Taiwanese government aims to install 5.7 gigawatt (GW) of offshore wind capacity by 2025, with an additional 15 GW by 2035. Van Oord has been contracted by Copenhagen Infrastructure Partners (CIP) to install inter-array cables for the Fengmiao 1 offshore wind farm in Taiwan. The 500-megawatt wind farm will be a large-scale source of green electricity. Van Oord will deploy its cable-laying vessel Nexus to install approximately 64 kilometers of cables, starting in 2027.

France's Service d'Infrastructure de la Défense Expertise et Production Nationale (SID EPN) will procure renewable electricity through a negotiated procedure. The estimated value is €125,000,000 excluding VAT, with a contract duration of 400 months starting 10/07/2026. The contract involves the direct purchase of electricity from a renewable energy source in Salbris.

Germany's renewable energy generation reached 275.2 TWh in 2024, a 4.4% increase from 2023. Solar power contributed 14% (72.2 TWh) of total electricity output, wind power remained the largest source (136.4 TWh), and coal-fired power plants declined sharply. Battery storage capacity also saw substantial growth.

Bursa Malaysia announced a new renewable energy subsector classification on January 13, 2025. No further details were provided in the given text.

Taiwan's Bureau of Standards, Metrology, and Inspection (BSMI) implemented mandatory inspections for residential lithium battery energy storage appliances and power conversion systems (up to 20 kWh and 20 kW, respectively) starting July 1, 2026, to ensure safety and reliability in line with the country's renewable energy goals. The regulations address thermal runaway risks and require compliance with standards for electrical safety, electromagnetic compatibility, and grid connection safety.

India has set ambitious targets for renewable energy (500 GW by the end of this decade) and net-zero carbon emissions for the railway by 2030. The Prime Minister highlighted India's commitment to green energy, noting that India was the first country to meet the Paris Agreement commitments, nine years ahead of schedule. He also mentioned the target of 20% ethanol blending in petrol by 2030, which India is set to achieve well before the deadline.

The UK and Taiwan signed the U.K.-Taiwan Enhanced Trade Partnership (ETP) Arrangement, focusing on investment, energy and net-zero emissions, and digital trade. The UK's outgoing representative highlighted this as a key achievement, noting increased bilateral trade and collaboration on net-zero emissions, with over 100 British businesses contributing to Taiwan's offshore wind development.

The 15th session of the International Renewable Energy Agency (IRENA) Assembly convened in Abu Dhabi, UAE, focusing on tripling renewable energy capacity by 2030, enhancing Nationally Determined Contributions (NDC 3.0), supporting transitions in emerging economies, and leveraging innovative financial flows in developing countries. The UAE, Slovenia, and IRENA emphasized the shared responsibility of the energy transition and the need for international cooperation to achieve climate and sustainable development goals.

The Iranian government has committed to removing bureaucratic obstacles to renewable energy production and development in East Azerbaijan province. The government and private sector are cooperating to facilitate the growth of renewable energy projects, specifically solar power.