Asia continues to dominate global renewable energy growth, accounting for 71% of new capacity added in 2024, while Africa and other developing regions remain far behind despite their potential. Solar and wind lead the charge, comprising 97.5% of additions, with solar alone adding 453 GW. Although global renewables capacity hit a record 582 GW, the world is still off track to meet the COP28 goal of tripling capacity by 2030. Without faster growth and more equitable investment, the energy transition risks deepening the global divide.
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"Renewables must grow at higher speed and scale. Our new report sheds light on the direction of travel; if we continue with the current growth rate, we will only face failure in reaching the tripling renewables target agreed in the UAE Consensus at COP28, consequently risking the goals of the Paris Agreement and 2030 Agenda for Sustainable Development.”
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The world’s renewable electricity capacity hit a record 473 GW in 2023, according to International Renewable Energy Agency (IRENA). And, no Turkey, nuclear energy is not renewable energy.
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Ormat Technologies, a family energy business from Israel, has big plans for geothermal and recovered energy generation and the energy storage market
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We cover five broad areas that can be addressed when it comes to lowering the obstacles, which lead to the stimulation of renewable investment.
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The decade of action for renewable energy.
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The Energy and Mines World Congress shows that 2019 will be considered the tipping point for solar and wind projects in the mining sector The Energy and Mines World Congress that took place in Toronto provided great insights into the recent developments of onsite renewable energy applications at remote mines. Getting power lines to remote […]
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IRENA, the global renewable energy consortia with its headquarters in Abu Dhabi believes that though the clock of climate change is ticking, we still have time to avert global catastrophes. Speeding up the adoption of renewable energy technologies is the most feasible route to reduce carbon emissions and avoid catastrophic climate change, says a new […]
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Ormat Technologies, one of the world’s leading geothermal green energy power plant companies, has already tapped the earth’s geothermal energy sources in Europe, the USA, Russia, Indonesia, Central and South America, and a 100 Megawatt plant in New Zealand.
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A consortium of Japanese architects got together to protest Zaha Hadid’s winning design for the main stadium of the 2020 Tokyo Olympics, and despite all her fame and glory, the Japanese government listened. Zaha Hadid has been in the news a lot recently. For many, she is an incredible, visionary designer whose work is unparalleled, and […]
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Tapping into the earth's vast geothermal energy reserves to create electricity in countries like the Muslim country of Indonesia, which has frequent volcanic activity, is becoming a very ecological friendly way to solve energy needs.
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Indonesia has 40 percent of the world’s exploitable geothermal energy potential. A big congratulations to Ormat technologies of Yavne, Israel for signing a $254 million deal for providing geothermal energy in Indonesia! The first phase of the 330-megawatt Sarulla geothermal power station in Sumatra is due to begin operating in 2016. Sumatra lies in one […]
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Israeli cleantech has long been present in the American market. Companies like Ormat have been developing geothermal resources in the US for decades. Now Israeli companies may be getting support to expand to developing countries as well. A senior official from the International Finance Corp (IFC)–a member of the World Bank, with a portfolio of $12 […]
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Israel’s Geothermal Giant Ormat Signs Deal For Solar In California It already has an international presence, but Israel’s Ormat Industries (NYSE: ORA) just made its global presence a little brighter: On December 21, Ormat’s US subsidiary Ormat Technologies announced that it will be developing its very first 10 megawatt solar photovoltaic (PV) farm near one […]
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Radionika Arhitekture from Croatia won an international design competition to design Instanbul’s Disaster Prevention and Education Center, which is hoped to create more public awareness about earthquakes in particular. In the last two months, two large earthquakes in Turkey claimed a total of 670 lives – deaths that might have been prevented with better disaster […]
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