Japan's largest utility JERA has agreed to buy Belgium-based Parkwind offshore wind energy producer for 1.55 billion euros ($1.7 billion). JERA, a joint venture between Tokyo Electric Power Company Holdings and Chubu Electric, joins Parkwind's four offshore wind farms in Belgium to JERA's offshore wind investments in Taiwan and the UK. Virya Energy, which agreed to sell Parkwind to JERA, will study the possibility of buying a minority stake in Parkwind's Belgian wind farm. The deal is due to close later this year, pending approval. JERA has also decided to sell its 44% stake in the Formosa 3 project on Taiwan's central western coast, while retaining its exposure to the Formosa 1 and 2 projects.
Arunachal Pradesh governor Lieutenant General KT Parnaik has proposed joint ventures between France and the state in tourism, clean and renewable energy. He also shared that the state has the second largest forest cover in India and has great potential in hydropower and tourism. During the meeting, the governors discussed higher education, development projects and cultural exchange programs. He also advises students and university staff to communicate. Talpaine expressed hope that India and France will have stronger relations in the future.
SJVN Green Energy Ltd has secured a 200 MW solar project in Maharashtra with an investment of Rs 1,000 crore. The project is expected to generate electricity of 455.52 mu in the first year and 10,480.82 mu after 25 years. It is expected to reduce 5,13,560 tonnes of carbon emissions by 2030 and contribute to the government's 500 GW of renewable energy capacity.
The government has decided to declare the capital Panaji a "Solar City" to produce 88 MW of solar energy within the next two years. Chief Minister Pramod Sawant urged the public to install solar panels on their roofs with a 40% subsidy from the central government and 10% from the state. He also said that casinos and other commercial establishments could install solar panels anywhere else, and the electricity generated would be sent to the grid. He reiterated that it is important for the public to support the decision so that Panaji can go 100% solar.
According to Global Energy Monitor (GEM), East Asia will remain the largest wind power producing region as project development plans will expand current installed wind power capacity by 65% by the end of 2030. Wind energy, the world's largest and fastest-growing renewable energy source, is expanding at record rates in every major economy as part of efforts to transition the global energy system away from fossil fuels and reduce harmful emissions. China will remain the largest producer of wind power and the largest developer of wind power installations, but South Korea, Japan and Taiwan will all outpace China in terms of growth rates through 2030. Europe will be the second largest developer of wind power over the remainder of the decade, increasing installed capacity 68% below current levels. Installed wind power capacity in the Americas, Europe, South Asia, Africa, and the Middle East will increase significantly, with the United States set to become the second largest wind power producer by 2030.
Brazil will more than triple its current capacity and jump to third place in the global ranking, while Canada and Mexico are also expected to see significant growth. India's installed wind power capacity will increase by 25%, but its world ranking will slip from 4th to 7th. The global target for wind power to account for more than 20% of global electricity generation by 2030 is on track.
India will add 2.5 gigawatts (GW) of solar open access in 2022, a 92% increase compared to the 1.3 GW installed in 2021. Mercom Research's report titled "Mercom India Solar Open Access Market Report Q4 and Annual 2022" states that installations due to various organizations and developers under Basic Duty (BCD) and Approved Models and Manufacturers List (ALMM) regulations There is a rush to complete projects before the enactment, thus reaching an all-time high in 2022. The top five states contributed over 96% of all open access installations in Q4 2022, with Karnataka accounting for over 32% of new capacity additions. Karnataka maintains its lead with a cumulative installed solar open access capacity of 7.7 GW by December 2022, accounting for nearly 36% of cumulative capacity. Maharashtra followed with 12% of the total installations.