AGP Executive Report
Last update: 4 hours agoStorage Push: China plans to reach 300 GW of new energy storage by 2030, with market-based pricing for charging and discharging. In the Philippines, grid operator NGCP is advancing battery storage to help manage supply risks ahead of a possible 2027 El Niño. Grid Bottleneck: At COP31, an energy expert said more than 1,500 GW of renewable projects are waiting for grid connections, underscoring the need for transmission investment alongside new generation. Wind Ambition: The Global Wind Energy Council says stronger government support could lift global wind capacity to 4 TW by 2035, versus a current projection of 3 TW. Investment Plans: Ghana announced a state-owned 600 MW solar plant paired with 2,000 MWh of battery storage as part of a wider power-sector overhaul. Project Rules: Rajasthan now requires renewable energy developers to obtain agricultural land-use conversion permission, a change that could add compliance steps and delays. Solar Durability: A study found panels at six Swiss sites were still producing power after more than 30 years, with average performance declining just 0.24% annually.
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