Page 14 - AfrElec Week 08 2023

AfrElec NEWSBASE’S POWER ROUNDUP GLOBAL (NRG POWER) AfrElec

NewsBase’s Power Roundup

Global [NRG Power]

POWER WELCOME to NewsBase’s Power Roundup nation’s Ministry of New and Renewable Ener-
Global (NRG Power), in which the reader is gy (MNRE) said the total installed solar power
invited to join our team of international editors, capacity had risen to just over 63.3 GW by De-
who provide a snapshot of some of the key issues cember 31.
affecting their regional beats. We hope you will like
NRG Power’s new concise format, but by clicking ENERGO: Polish parliament waters down
on the headline link for each section the full text government proposal to liberalise onshore
will be available. wind power development rules
Polish lawmakers passed a bill liberalising
AfrElec: Examining the risks of Africa going rules of wind power development on land
nuclear on February 9 but the new legislation is be-
African countries, like the rest of the world, ing criticised for remaining too stringent for
have inevitably entered the energy transition. investment to pick up. The bill removes the
Mounting international pressure to drastically requirement that no wind turbine can be lo-
reduce the production of carbon dioxide (CO2) cated closer to any housing area according to
is forcing African countries to look away from a formula of 10 times the height of the in-
coal and into renewables and nuclear power stallation.
generation.
REM: World’s largest wind turbine maker
AsiaElec: India to increase solar production Vestas posts $1.7bn loss
capacity to 95 GW by 2025 Vestas, the world’s largest wind turbine
A report issued at the end of January continues manufacturer, has posted a massive net loss
to make waves in Indian renewables circles as of $1.69bn for 2022. This compares with
many question how the country is expected to a net profit of $153mn in 2021. The Den-
meet a predicted solar production capacity of mark-based wind turbine manufacturer had
95 GW by 2025. At the end of September 2022, lower-than-expected revenues of $15.75bn,
figures released in India showed an overall pro- within the range of its most recent guidance
duction capacity of just 4.7 GW, although the of $15.5bn to $16.6bn

P14 www. NEWSBASE .com Week 08 22•February•2023