It is predicted by Wood Mackenzie, one of the global consulting companies, that the photovoltaic (PV) capacity in the Asia-Pacific Region, led by China, will reach 1,500 GW, with a 3-fold increase by 2030.

It is estimated that the share of total electricity capacity in solar energy will be 51% by 2030 in the top 10 solar energy markets of Asia Pacific.

Expressing that market barriers have been overcome with new policies in the region, Xin Zhang noted that the share of solar energy in Asia Pacific’s energy production will increase from 4% in 2020 to 10% in 2030.

Solar Capacity to Increase 3 Times in Asia Pacific | Devamı>>>

There were 29 T&D project contracts announced in the Asia-Pacific region in Q1 2021, marking a rise of 45% over the last four-quarter average of 20, according to GlobalData’s power industry contracts database.

Power Plant stood at first place when compared with other power tender categories in the Asia-Pacific region in Q1 2021 with 157 contracts and a 44.4% share, followed by Generation Equipment with 80 contracts and a 22.6% share and Electricity Procurement with 71 contracts and a 20.1% share during the quarter.

Asia-Pacific T&D Project Contracts Activity Up 45% in Q1 2021 | Devamı>>>

The world added more than 6 gigawatts (GW) of new offshore wind capacity in 2020, with China responsible for over half of installations in the sector, according to new figures published Thursday.

The data, from the Global Wind Energy Council’s market intelligence unit, shows China installed 3.06 GW last year. Its nearest rival, the Netherlands, installed a little under 1.5 GW of capacity. The U.S. installed just 12 megawatts of offshore capacity last year.

The World Added More Than 6 GW of New offshore Wind Capacity | Devamı>>>