Gallagher Re has shed light on the significant challenges insurers face when providing coverage for the rapidly expanding wind turbine industry, asking an important question: who bears the cost? Recent instances of wind turbine collapses and other failures have prompted a closer examination of the risks associated with insuring such projects. While catastrophic collapses are rare, more frequent are minor fa ...

The Australian government will disburse AUD 1.7 million (USD 1.1m/EUR 1m) in grant funding to back a study that aims to prove the feasibility of producing green hydrogen from an 850-MW electrolysis plant in the Kimberley region of Western Australia. The Australian Renewable Energy Agency (ARENA) said on Tuesday the financing will go for the AUD-3.3-million first phase of the feasibility study for a project ...

GlobalData’s latest report, ‘Asia Pacific Renewable Energy Policy Handbook 2024’ is among the latest region-specific policy reports from GlobalData, the industry analysis specialist. The report covers 15 major countries in the Asia Pacific (APAC) region – Australia, Bangladesh, China, India, Indonesia, Japan, Kazakhstan, Laos, Malaysia, Pakistan, Philippines, South Korea, Taiwan, Thailand, and Vietnam. The ...

The electrical generation market is facing a number of challenges, including the need to increase efficiency, reduce reliance on fossil fuels, and improve grid infrastructure. The need to increase efficiency is driven by a number of factors, including the rising cost of fuel, the need to reduce greenhouse gas emissions, and the increasing demand for electricity.Power plants can become more efficient by usin ...

Nuclear energy has emerged as a prominent player in Asia's energy landscape, offering a reliable and low-carbon source of power to meet the region's growing energy demands. Asia's rapid industrialization, urbanization, and ambitious economic growth targets have propelled several countries in the region towards nuclear power as a means to diversify their energy mix and reduce reliance on fossil fuels. As the ...

The pursuit of a low-carbon future has gained significant momentum globally, and Asia stands tall as a key player in this endeavor. To address the challenge of reducing carbon dioxide (CO2) emissions while simultaneously meeting the region's growing energy demands, Asia has embraced the concept of Carbon Capture and Storage (CCS). This innovative technology offers a promising solution for capturing and secu ...

Asia, with its flourishing economies and escalating energy demands, stands at the helm of a transformative energy revolution. A significant catalyst in this monumental shift is the burgeoning development in energy storage technologies. This surge in energy storage schemes symbolizes an ambitious drive to reshape Asia's power infrastructure, making it more robust, efficient, and sustainable. Energy storage s ...

Amid the hustle of Asia’s dynamic growth lies a ripple of change that is subtly yet profoundly altering the structure of its power sector - the shift towards decentralised power generation. This emergent model symbolises a tide turning away from conventional, centralised power plants towards smaller, localised energy-generating units. Decentralisation of power generation posits an enticing prospect - an ene ...

Asia stands as a potent symbol of rapid growth, characterized by its bustling cities, massive industries, and surging demand for power. Balancing this growth with environmental conservation leads us to the heart of energy efficiency - a focal point increasingly gaining momentum across Asia. Energy efficiency is revered as the 'first fuel.' It not only helps reduce energy demand but also contributes signific ...

Asia is surging ahead in the race towards a sustainable transportation future with its robust adoption of electric mobility. This transformative trend is not only reshaping how people commute but is also significantly contributing to efforts aimed at reducing carbon emissions and combating climate change. With advancements in technology and supportive government policies, electric mobility is gaining moment ...