India has raised by 5% its previous projection for peak electricity demand in the financial year 2031-2032, due to surging demand last year that outpaced the government’s forecasts, sources with knowledge of the latest forecast told Bloomberg on Monday. In the FY 2031-2032, between April 2031 and March 2032, India …
Read More »Grid Expansion about to become Biggest Transition Problem
In September last year, the European Union’s electric utility industry association, Eurelectric, warned that the bloc needed what Reuters called “unprecedented” investments in grid upgrades. Otherwise, Eurelectric said, the EU could well miss its energy transition targets. A month later, the Biden administration announced a $3.5-billion grant pot for grid …
Read More »Renewables & Nuclear Power to Drive Global Electricity Growth by 2026
All of the world’s additional electricity demand over the next three years is expected to be met by low-emissions technologies, including renewables and nuclear power, as per the ‘Electricity 2024’ report by the International Energy Agency (IEA), which forecasts electricity market trends up to 2026. Global electricity demand, which saw …
Read More »AI Boom could Slow U.S. Clean Grid Ambitions
Data centers, especially those powering AI technologies, have seen such explosive growth that they are taxing utilities beyond what soaring power demand is calling for. Some utilities in the eastern and southern parts of the U.S. are proposing build-outs of new natural gas-fired capacity alongside renewables to support the growth …
Read More »Major Investments Propel Smart Grid Development Worldwide
As more electricity grids worldwide are being connected to renewable energy projects, such as wind and solar farms, suppliers are using this as the opportunity to develop smart grids that are safer, can better respond to consumer needs, and can carry out real-time demand monitoring activities. While this is no …
Read More »EU to Propose Multi-Billion Euro Plan for Grid Investments
The European Commission is expected to propose next week a plan for accelerating investment in grids to support the EU’s renewable energy targets, according to a draft of the plan seen by Reuters. “The backbone of today’s electricity systems, grids are set to become increasingly important as clean energy transitions …
Read More »Saudi Arabia Forms Joint Venture with Greece to Link Power Grids
Saudi Arabia has signed a deal with Greece for the establishment of a jointly-owned company to link up the two countries’ power grids with the goal of supplying Europe with clean energy, Reuters reports. The new company, Saudi Greek Interconnection, joins Greece’s IPTO and Saudi Arabia’s National Grid, each with …
Read More »Greece’s Green Electricity Production at Record Levels
“Green” electricity production increased to record levels on Sunday, September 10, when renewable energy sources (RES) covered up to 140% of demand, with the surplus channeled to exports, while the participation of lignite was reduced to zero. According to the data published on Saturday by the Independent Power Transmission Operator …
Read More »Iran Extends Gas-for-Electricity Swap Deal with Armenia
The National Iranian Gas Company (NIGC) has renewed and revised a contract with Armenia to increase the volume of natural gas exports to the landlocked neighboring country until 2030, Shana reported. The terms of the contract, under which Iran exports natural gas to Armenia in exchange for electricity, have been …
Read More »Iraq Gets New 120-Day Waiver to Pay Iran’s Energy Debts
The United States has issued Iraq a new 120-day waiver allowing the country to pay Iran for electricity via non-Iraqi banks, Reuters reported on Tuesday, quoting a U.S. official as saying. Based on the waiver, signed by the U.S. Secretary of State Antony Blinken on Tuesday, Iraq will be able …
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