South African Wind Energy Association (SAWEA)’s Post

Global Renewable Potential: An Insight. It is evident that most of the countries in Asia, North America, South America, Africa, Europe and Australia have potential in all 4 sectors. Whereas few countries in South America, Europe and Africa have potential of 1, 2 or 3 sectors only. Also, few countries in the northern part of Europe have no potential in the renewable sector. The US has full potential in all renewable sectors. Credit: IRENA #RenewableEnergy #RenewablePotential #EnergyTransition #CleanEnergyFuture #ClimateAction #EnergyData #IRENA #GlobalEnergy #Geothermal #Hydropower #SolarEnergy #WindEnergy

Today we participated in the #COP29 high-profile event “Mediterranean Momentum: Accelerating Towards 1TW Renewable Energy by 2030”. Hosted by International Renewable Energy Agency (IRENA) and Global Renewables Alliance (GRA) and organised by a coalition of organisations grouped under the #TeraMed initiative, the event aimed to support the objective of reaching a common target of 1 TW of renewable energy by 2030 in the #Mediterranean region. 🤝 It was an important moment to discuss strategies to accelerate renewable energy deployment, bolster energy security, and drive sustainable development in the Mediterranean with key leaders and policymakers. Egyptian Ministry of Electricity and Renewable Energy, Ministero dell'Ambiente e della Sicurezza Energetica, Víctor Marcos Morell, Rebecca Collyer, Bruce Douglas, Nigar Arpadarai, Orkhan Zeynalov, Grammenos Mastrojeni, Giulia Giordano, Jauad El Kharraz, Gianni Chianetta

Another positive step in support of the #energytransition with renewable hydrogen projects like H2Kwinana best placed to deliver meaningful jobs, environmental outcomes and economic contributions as we move towards #netzero

Later today, a significant event organised by Sustainable Renewables Risk Mitigation Initiative (SRMI) partners, International Renewable Energy Agency (IRENA), and ESMAP - Energy Sector Management Assistance Program at the World Bank, will take place. Attendees will focus on financing the energy transition in countries with limited access to finance. The session will explore various funding sources, both private and public, for renewable energy projects, as well as strategies to reduce financing costs in emerging markets and developing economies (EMDEs). The event will kick off with presentations highlighting current trends in energy transition investments, followed by an in-depth panel discussion exploring future pathways. This session offers an essential opportunity for stakeholders to collaborate and address the challenges and opportunities in financing the shift to renewable energy across different regions. #COP29 #BreakthroughAgenda #NetZero

💧✨ Yesterday, Hege Økland, our Managing Director at Hy2gen Norge and Thor Ketil Hallan, Director of Strategy at Deep Wind Offshore, engaged in an insightful panel dialogue at the ONE OCEAN CONFERENCE. They discussed the potential for combining offshore wind and renewable hydrogen and how this union can help achieve the climate targets. ▶️ By using Norway's expertise in innovation, technology, andproject development from the oil and gas sector, Norway has the potential to take a leading position in the global energy transition. 🤝 Through collaboration and knowledge sharing, offshore wind and renewable hydrogen are developing a new energy value chain, from production to storage. The vision for this partnership is ambitious and has great market potential to make a global impact in providing renewable energy. #RenewableEnergy #OffshoreWind #RenewableHydrogen #Sustainability #Innovation #Collaboration  #hy2gen #green #hydrogen Photo: NCE Maritime CleanTech

Great news for Australia’s #hydrogen industry on Tuesday night. The Australian Federal Budget recognised Australia’s strengths to leverage its natural resources of sun, wind and land to produce green hydrogen.   The Hydrogen Production Tax Incentive and additional Hydrogen Headstart funding sends the right message to companies like bp which are advanced in the planning stages for these projects…. You can find out more about what our teams are up to here https://lnkd.in/dJTJdNRR   By helping to derisk massive projects in the short term, policy, including these budget measures, will encourage investment in large scale low carbon projects that will be essential to Australia’s energy future – providing regional development opportunities and strengthening Australia’s energy security.   It’s an exciting time for Australia’s energy transition as we get closer to unlocking clean energy supply chains and realising our renewable energy superpower.   #EnergyTransition

How are we doing on our global shift to renewable energy? Fatih Birol (PhD), Executive Director of the International Energy Agency (IEA), discusses progress on #COP28's ambitious goal to triple renewable energy by 2030. Canada is joining some of the world’s largest economies in using clean electricity to power our vehicles, heat our buildings and support our industries. Check out what Canada is doing: https://ow.ly/kJOt50U8m70

The global #3xRenewables target requires a five-fold increase of renewables #investments in #Africa 🌍 To unlock the continent's renewable energy potential, Wangari Muchiri, Africa Director of our founding member Global Wind Energy Council (GWEC), is hosting the #RenewablesIndaba in partnership with SolarPower Europe, GOGLA, Global Distributors Collective (GDC) and Alliance for Rural Electrification The Renewables Indaba will bring together manufacturers, suppliers, distributors, service providers, investors, developers and operators from around the world to discuss the latest trends & innovations, developments and provide the potential to meet new customers. Join the discussions on investments in #Grids, #GreenHydrogen, #Minigrids, #Financing and #Manufacturing of renewable energy in Africa: https://lnkd.in/dfza4fss

💡 New Expert Insights article! According to International Renewable Energy Agency (IRENA), Small Island Developing States need a minimum investment of USD 10.5 billion to meet global additional capacity demand of 7.4 GW and to become energy resilient by 2030. Upcoming SIDS Ministerial at #IRENA14A will focus on mobilisation of financing, decarbonisation efforts in SIDS and will also identify priority areas for the SIDS Lighthouse Initiative. Read 👉 https://lnkd.in/gyY9hGnb

To achieve the national targets set in the SIDS national energy policies and those reflected in the Nationally Determined Contributions (NDCs), tailoured and accessible financing is needed. According to an analysis by the International Renewable Energy Agency (IRENA) on the updated NDCs, a minimum investment of USD 10.5 billion is required to meet the additional capacity target of 7.4 GW by 2030, of which 3.2 GW is dependent on external financial assistance.