Solar street lighting market ‘to reach $17.8bn by 2024’

The solar street lighting market is forecast to grow to $17.78 billion (£12bn) by 2024. That’s an increase from $2.72 billion (£1.8bn) last year, a new report suggests. It claims Asia Pacific was the largest market for solar street lighting globally, accounting for a 44% share in 2015. India was the leader “in terms of […]

Asia-Pacific’s smart grid market ‘to earn $13bn’

Asia-Pacific’s smart grid market could see revenues of $13.9 billion (£9.1bn) by 2019. That’s because countries are seeking new ways to meet electricity demand, stated a new report from Frost & Sullivan. It added the market earned $7.6 billion (£5.01bn) in 2014 and will keep growing. South Korea and Japan will remain the hotspots for smart grid investments. Japan’s […]

Waste to energy market to rise at 8.1% per year

The global waste to energy market could increase at 8.1% per year until 2019. That’s according to a report by US consultancy Transparency Market Research, which believes the market is expected to be worth more than $31.8bn (£20.35bn). The increase is driven by the rising concern towards energy security and growing regulatory support and funding, […]

Asia-Pacific to receive $6bn climate fund by 2020

The annual climate financing to the Asia-Pacific region will be doubled to $6 (£3,9bn) billion by 2020. According to the Asian Development Bank (ADB), which will provide the funding, $4 billion (£2.6bn) will be used to support renewables, energy efficiency, sustainable transport and to build smart cities. The construction of more resilient infrastructures, climate-smart agriculture […]

Asia-Pacific set to overtake Europe in solar

The Asia-Pacific region will install 345.33GW of solar capacity by 2025. That’s the finding of a report by GlobalData which stated the region will overtake Europe to become the largest contributor of solar. The increase will take place at an annual rate of 16.7%. South Korea is the major centre for development of solar technology, according […]

Asia-Pacific region ‘needs cleaner coal technologies’

The Asia-Pacific region needs cleaner coal technologies. That’s according Benjamin Sporton Chief Executive of the World Coal Association (WCA) who spoke at an energy conference in Tokyo. He said: “Many countries in the APEC [Asia-Pacific Economic Cooperation] region are turning to coal to fuel their growing economies. “For many countries coal is the fuel of […]

Japan ‘could lead Asia Pacific’s smart grid market’

Japan’s plans to boost energy efficiency could make it one of the top markets in the Asia Pacific region for smart grid deployment. New research states Japan was one of the first countries globally to invest in smart grid research and development. The Ministry of Energy started a new programme in 2014 to encourage microgrid development in Japan. […]

EV sales to hit 1.8m by 2023

Sales of plug-in electric vehicles (PEVs) in North America, Western Europe and Asia Pacific are to grow from 352,000 annually this year to 1.8 million by 2023, a new report claims. The Asia Pacific region is to surpass North America to become the largest market for PEVs in the next four years, it adds. Analysts […]

Spend on energy efficient buildings will tower at £565bn

Commercial building owners and managers are predicted to spend a total of $969bn (£565bn) making their sites more energy efficient by 2023. Eric Bloom, principal research analyst with Navigant Research which made the prediction said: “Led by the Asia Pacific region, the global market for energy efficiency commercial building retrofits is expected to grow at […]

New ‘hub’ to help attract clean energy investment in Asia

A new platform aimed at attracting investment and finding new ways of bringing clean energy to Asia and the Pacific has been launched. The ‘Sustainable Energy for All Hub for Asia Pacific’ is one of three regional hubs under the global Sustainable Energy for All Initiative set up by the UN in 2011. It seeks […]