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United News of India
10 hours ago
- Business
- United News of India
ISA's Sixth Regional Committee Meeting in Brussels Calls for Collective Action
Belgium, [Western Europe], June 19: The Sixth Meeting of the ISA Regional Committee for Europe and the Others Region was convened today in Brussels under the chairmanship of the Federal Republic of Germany as the Regional Vice President. The Meeting brought together 20 countries from the Region and partners to review progress, align on strategic priorities, and advance collaborative action to further the International Solar Alliance (ISA) mission and strengthen ongoing engagements with countries in the Region. In his opening address, Director General of ISA, Mr Ashish Khanna, thanked everyone for their presence and noted, 'Your presence here today reflects our shared commitment to advancing the global transition to solar energy. Our focus must now turn to ensuring these advancements translate into jobs, equity, and climate resilience.' Highlighting the importance of the Meeting, he added, 'At the same time, we face critical contradictions and concerns regarding solar energy. Data states that nearly $2 trillion was invested in clean energy in the last fiscal year alone, with solar photovoltaics leading the way and holding the largest share of these investments. Despite this growth, the distribution remains unequal. Only 15% of these investments are reaching low- and middle-income countries, and less than 2% is going to Africa, a region with some of the world's best solar radiation potential.' Focussing on the issue of energy access, he said, 'With 600 million people in Africa still living without access to electricity—and across the Global South, where 70% of the world's population resides—there is an urgent need for nearly $200 billion in investments. ISA is mobilising $200 million to leverage more than 30 times the private investment in Distributed Renewable Energy in Africa while connecting 16 Centres of Excellence with digitalisation support from Global Capability Centres (GCC's); providing technology and policy roadmaps while engaging in-depth across select countries.' Mr Tobias Rinke, Deputy Head of Division, Federal Ministry for Economic Affairs and Energy, Germany, in his opening statement as the Chair of the Meeting reaffirmed the collective commitment to advancing solar energy and ensuring its benefits are equitably distributed across the world. He highlighted the International Solar Alliance's evolution into a truly global platform, now comprising 123 Member and Signatory countries, and noted the doubling of active engagements since 2022. He emphasised that the meeting presents a timely opportunity to shape the next phase of ISA's global agenda. He further emphasised the global consensus reached at COP28 in Dubai, where countries agreed to triple renewable energy capacity, enhance energy efficiency by 2030, and transition away from fossil fuels. He underscored the critical role of solar energy in achieving these goals—not only as a key solution in the fight against climate change, but also as a means to enhance energy security, reduce dependence on fossil fuel imports, drive economic growth, and create quality jobs. Highlighting the leadership potential of the Europe and Others region, he pointed out that the region comprises some of the world's most advanced economies, innovation leaders, and green technology pioneers. He stressed that with its strong technological capabilities, financial resources, and institutional strength, the region is well-positioned to drive and inspire the global energy transition. He also noted Germany's readiness, during its vice presidency, to work ollaboratively with regional partners to shape a shared vision for the International Solar Alliance. Ms Laura Cozzi, Director of Sustainability, Technology, and Outlooks at the International Energy Agency (IEA), in a conversation with Mr Ashish Khanna, Director General, ISA, addressed the rise of artificial intelligence in rapidly reshaping global energy systems. The conversation underscored critical insights on AI's dual impact and transformative potential in enhancing grid efficiency and accelerating solar deployment. She noted that artificial intelligence is fundamentally transforming the energy sector, simultaneously driving up electricity demand—particularly through data centres—and offering innovative solutions for grid management and the integration of renewable energy. She highlighted projections indicating that AI-related infrastructure could add electricity demand equivalent to that of a 'new Japan' by 2030. Despite this surge, AI holds immense potential to optimise grid operations, accelerate solar deployment, and improve energy access, particularly in the Global South. To monitor these trends and promote practical applications, she also informed about the launch of a new Energy and AI Observatory by the International Energy Agency. In the second fireside chat, themed, 'Changing Paradigm', the Director General of the International Solar Alliance engaged in a wide-ranging conversation with Ms Kate Hampton, CEO of the Children's Investment Fund Foundation (CIFF), exploring the shifting role of philanthropy in climate finance. Against the backdrop of declining aid flows and rising urgency for sustainable investment, the dialogue delved into catalytic finance, solar deployment, and the systemic reforms needed to unlock meaningful progress across the Global South. Kate Hampton emphasised that accelerating solar deployment is essential for advancing both human development and climate goals, as it significantly contributes to productivity gains and emissions reductions. She pointed out that the key financial barrier is not the availability of debt, but the lack of catalytic or patient equity—an instrument crucial for mobilising private investment. She highlighted the unique role of philanthropy in addressing this gap by supporting country platforms through technical assistance, policy engagement, and junior equity. Additionally, she stressed that a major constraint lies in the availability of skilled professionals capable of navigating the complexities of delivery, policy, and finance—an area where philanthropic support can be instrumental in breaking bottlenecks and advancing projects. In his keynote address, H.E. Dan Jørgensen, Commissioner for Energy and Housing at the European Commission, emphasised the urgency of Europe's response to rising energy costs and the escalating climate crisis. He highlighted solar energy as central to the solution, noting its role in reducing fossil fuel dependency, enhancing competitiveness, and lowering emissions. He pointed out that at the EU level, the cost of solar power has fallen by 82% over the past decade, with an additional 12% global decline in 2023 alone—making solar not only the fastest-growing but also the most affordable clean energy source available today. The Meeting will also feature focused discussions on the following themes: Catalytic Finance in Africa; integrated institutional strengthening through ISA's capacity building initiative STAR-Cs and Global Capability Centre; Digital Transformation and AI in the Energy Sector; and a Roundtable on Energy Storage and Green Hydrogen. About the ISA Regional Committee for Europe and the Others Region Meeting The Regional Committees of the ISA meet annually, chaired by two Vice Presidents from the Region, and aim to assess and discuss progress, challenges, and opportunities related to ISA's programmatic support, flagship initiatives, partnerships, private sector engagements, and work plan for the Region. A significant goal of the Regional Committee Meetings is seamless coordination among the Region's Member Countries. The Europe and the Others Region currently includes 15 Member Countries, 4 Signatory Countries, and 32 Prospective Countries. About the International Solar Alliance The International Solar Alliance is a global initiative launched in 2015 by India and France at COP21 in Paris. It has 123 Member and Signatory Countries. The Alliance works with governments to improve energy access and security worldwide and promotes solar power as a sustainable transition to a clean energy future. ISA's mission is to unlock investments in solar energy while reducing the cost of technology and financing it. It promotes the use of solar energy in agriculture, health, transport, and power generation sectors. ISA Member Countries are driving change by enacting policies and regulations, sharing best practices, agreeing on common standards, and mobilising investments. Through this work, ISA has identified, designed and tested new business models for solar projects; supported governments to make their energy legislation and policies solar-friendly through Ease of Doing Solar analytics and advisory; pooled demand for solar technology from different countries; and drove down costs; improved access to finance by reducing the risks and making the sector more attractive to private investment; increased access to solar training, data and insights for solar engineers and energy policymakers. With its advocacy for solar-powered solutions, ISA aims to transform lives, bring clean, reliable, and affordable energy to communities worldwide, fuel sustainable growth, and improve quality of life. On 6 December 2017, 15 countries signed and ratified the ISA Framework Agreement, making ISA the first international intergovernmental organisation headquartered in India. ISA is partnering with multilateral development banks (MDBs), development financial institutions (DFIs), private and public sector organisations, civil society, and other international institutions to deploy cost-effective and transformational solutions through solar energy, especially in the least Developed Countries (LDCs) and the Small Island Developing States (SIDS).
Yahoo
2 days ago
- Business
- Yahoo
Wind Blade Composites Market worth $21.87 billion by 2030 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., June 18, 2025 /PRNewswire/ -- The report "Wind Blade Composites Market by Fiber Type (Glass Fiber, Carbon Fiber, Other Fiber Types), Resin Type (Epoxy, Polyurethane, Other Resin Types), Blade Size (Up to 50 Meters, Over 50 Meters), Application (Onshore, Offshore), and Region - Global Forecast to 2030", wind blade composites market is expected to reach USD 21.87 billion by 2030 from USD 13.28 billion in 2025, at a CAGR of 10.5% from 2025 to 2030. The wind blade composites market is driven by several key factors, including the increasing global demand for renewable energy, supportive government policies advancing sustainable energy solutions, and significant advancements in material technology. The primary materials used in wind blade composites are glass fiber reinforced polymers and carbon fiber composites, which exhibit outstanding properties such as high strength-to-weight ratios, fatigue resistance, corrosion resistance, design flexibility, thermal stability, and low maintenance requirements, making them the preferred choice for wind blade manufacturing. Furthermore, innovations in manufacturing technologies—such as the implementation of 3D printing, advanced molding techniques, and robotic layup processes—have streamlined production, enhanced quality, and reduced costs. These advancements enable the creation of more complex and aerodynamic blade shapes, leading to improved energy capture and overall efficiency. Browse in-depth TOC on "Wind Blade Composites Market"207 – Tables72 – Figures250 – Pages Download PDF Brochure: Glass fiber segment dominated wind blade composites market, in terms of value, in 2024 Glass fiber is a predominant material in the wind blade composites market, largely due to its optimal combination of strength, durability, and cost-effectiveness. This material exhibits exceptional mechanical properties, notably a high strength-to-weight ratio, which is critical for the production of large, lightweight, and resilient wind turbine blades. These blades are designed to endure operational stresses and harsh environmental conditions. The cost-effectiveness of glass fiber is particularly significant in the wind energy sector, where large-scale production and economic viability are paramount. Additionally, glass fiber offers excellent chemical resistance, stiffness, and fatigue resistance, contributing to extended service life and minimizing maintenance requirements for wind blades. Its compatibility with various resin systems and well-established manufacturing processes facilitates the fabrication of complex aerodynamic shapes, optimizing blade performance and maximizing energy output. Epoxy segment accounted for largest share of wind blade composites market, in terms of value, in 2024 Epoxy resin dominates the market within the resin type category due to its exceptional mechanical strength and adhesive properties. As the integral matrix material, it effectively binds reinforcing fibers—commonly glass or carbon fibers—thereby ensuring structural integrity and efficient load transfer throughout the blade. The high strength, stiffness, and resilient nature of epoxy resins provide crucial protection against environmental factors such as moisture, UV radiation, and temperature fluctuations, all vital for the durability of wind blades subjected to demanding outdoor conditions. Furthermore, the chemical versatility of epoxy resins facilitates customized curing processes and enhanced toughness, significantly improving the blades' fatigue resistance and overall performance. Request Sample Pages: Blade size over 50 meters to register highest CAGR in wind blade composites market during forecast period The segment of wind blades exceeding 50 meters in length is anticipated to register the highest CAGR in the wind blade composites market. This growth is driven by the industry's emphasis on enhancing energy efficiency and the imperative to optimize power output from wind turbines. Longer blades are capable of sweeping a larger surface area, enabling them to capture a greater volume of wind, which directly translates to increased electricity generation. This ultimately enhances the overall efficiency and economic viability of wind energy projects. Moreover, advancements in composite technology, particularly incorporating carbon fiber in critical structural components and developing advanced resin systems, have facilitated the manufacturing of ultra-long blades. These innovations contribute to elevated energy yields and lower the cost associated with wind power generation. Offshore wind turbines segment to register highest CAGR in wind blade composites market during forecast period The offshore wind turbine sector is poised to experience the highest growth rate within the wind blade composites market. This sector is undergoing rapid expansion, with global capacity additions projected to escalate from 16 GW in 2025 to 34 GW by 2030, capturing a larger share of new wind installations globally. Consequently, there is a heightened demand for efficient and visually appealing offshore wind turbines aimed at large-scale renewable energy production. Significant investments in offshore wind energy projects in nations such as Germany, the Netherlands, Denmark, and Belgium necessitate the development of larger and more resilient wind turbine blades. These blades must incorporate advanced composite materials to endure the demanding marine conditions prevalent in saltwater environments, including corrosion, high humidity, and severe weather phenomena. Request Customization: Asia Pacific accounted for largest share of wind blade composites market in terms of value and volume in 2024 In 2024, the Asia Pacific region represented the largest market share, primarily driven by rapid advancements in its renewable energy sector, particularly in wind power. Significant investments in wind energy infrastructure by countries such as China, India, and Japan aim to address increasing energy demands and meet sustainability objectives. Leading manufacturers, including Teijin Limited, China National Building Material Group Corporation, China Jushi Co., Ltd., and Toray Industries, Inc., are establishing production facilities in developing nations to leverage cost advantages, access to skilled labor, and proximity to local and international markets. This region also enjoys the benefit of abundant raw materials, efficient manufacturing processes, and supportive government policies and incentives, which collectively enhance the production and integration of composite materials for wind blades. Furthermore, recent innovations in China have led to the development of a method for recycling decommissioned wind turbine blades into asphalt mixtures for road construction. Key Players Prominent companies in this market include China Jushi Co., Ltd. (China), DowAksa (Turkey), Teijin Limited (Japan), SGL Carbon (Germany), Hexcel Corporation (US), Gurit Services AG (Switzerland), China National Building Material Group Corporation (China), Toray Industries, Inc. (Japan), Röchling (Germany), Exel Composites (Finland), Evonik (Germany), Arkema (France), Owens Corning (US), Exxon Mobil (US), and Huntsman (US). Get access to the latest updates on Wind Blade Composites Companies and Wind Blade Composites Market Size Browse Adjacent Market: Fibers and Composites Market Research Reports & Consulting Related Reports: Wind Turbine Composites Material Market Green Hydrogen for CEOs About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets
Cision Canada
3 days ago
- Business
- Cision Canada
The federal government invests in Indigenous-led solar initiative in Watson Lake Français
WATSON LAKE, YT, June 17, 2025 /CNW/ - Investing in green energy infrastructure is vital to building cleaner and more sustainable northern communities. With a joint investment of more than $28.6 million from the federal government, the Government of Yukon and First Kaska Utilities LP, the Sādę Solar Initiative project will significantly reduce diesel use for power generation in Watson Lake. This project will construct a 2.85MW solar power plant combined with a battery energy storage system that will connect to the existing micro-grid in Watson Lake, which is currently powered by diesel generators. The plant, located within the asserted traditional territory of the Liard First Nation (LFN), will be brought online in two stages to maintain grid stability and manage power fluctuations. Additional works include preparing the site for solar panel installation and upgrading the access road to support a high volume of transport trucks during the construction period. When running at full capacity in the peak season, the plant will provide more energy than peak loads, allowing for full generator off time. The solar energy produced is expected to replace more than 24 percent of the diesel-generated power in Watson Lake, ultimately reducing diesel consumption by approximately 1,020,300 litres and cutting GHG emissions by 3,509 tonnes annually. This initiative is also expected to have economic benefits for LFN, allowing them to generate revenues by selling surplus power to the grid operator, while creating jobs and training opportunities. Quotes "The federal government is proud to support this important Indigenous-led energy project in Watson Lake. The Sādę Solar Initiative will make a significant impact on the community by reducing its dependency on diesel with a cleaner and renewable source of power. This will help northern communities become more sustainable and affordable places to live, while ensuring reliable energy is available for years to come." Dr. Brendan Hanley, Member of Parliament for the Yukon, on behalf of the Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada "The Sādę' Renewable Energy solar farm project provides meaningful economic development potential for the Liard First Nation and is a great step in reducing pollution and advancing economic reconciliation. The project is to be the largest solar Indigenous-led energy project in the Canadian North and is another example of how successful partnership with Indigenous Peoples ensures Canada can become a clean, affordable, reliable energy superpower." The Honourable Tim Hodgson, Minister of Energy and Natural Resources "By supporting projects like the Sādę Solar Initiative in Watson Lake, we are championing Indigenous-led climate solutions in northern communities and beyond. Investments through the Low Carbon Economy Indigenous Leadership Fund empower communities to make greener energy choices while creating long-lasting economic opportunities." The Honourable Julie Dabrusin, Minister of Environment and Climate Change "Congratulations to Kaska Utilities and Liard First Nation on breaking ground for the Sādę Solar Initiative today. This project is a significant step forward in reducing diesel-dependence for the community of Watson Lake, supporting climate change mitigation and energy security goals for the territory. I look forward to continued collaboration on Indigenous-led energy solutions throughout the Yukon." John Streicker, Minister of Energy, Mines and Resources and Minister responsible for Yukon Development Corporation, Government of Yukon "This is not just an investment in infrastructure, but an investment in our people and our future. Through First Kaska Utilities Ltd., we are demonstrating what Indigenous leadership in the clean energy sector can look like—visionary, self-determined, and grounded in our traditional values." , CEO of First Kaska Utilities Ltd. Quick Facts The Government of Canada is investing $28,600,000 towards the Sādę Initiative project. The First Kaska Utilities LP will also be providing their support. The federal government is providing $18,000,000 through the Arctic Energy Fund of the Investing in Canada Infrastructure Program, $5,000,000 through the Indigenous Leadership Fund, and $5,600,000 through the Clean Energy For Remote and Rural Communities Program. The Arctic Energy Fund of the Investing in Canada Infrastructure Program supports energy security in communities in the North, including Indigenous communities, by investing in upgrades to existing fossil fuel-based energy systems, as well as supplementing or replacing these systems with renewable energy options. Launched in 2018, the Clean Energy For Remote and Rural Communities Program is a key part of Canada's efforts to reduce the reliance of rural and remote communities on diesel fuel for heat and power. With an overall funding commitment of $453 million until 2027, the program has supported over 200 renewable energy demonstration, deployment and capacity building projects to date across Canada. The Indigenous Leadership Fund supports climate action by Indigenous peoples. The program funds up to $180 million towards Indigenous-owned and Indigenous-led renewable energy, energy efficiency, and low-carbon heating projects across Canada. The Government of Yukon administers the Investing in Canada Infrastructure Program and collaborates with all orders of government to build infrastructure across the Yukon. Rural and Northern Communities Infrastructure Housing and Infrastructure Project Map Clean Energy for Rural and Remote Communities Program Indigenous Leadership Fund Indigenous Leadership Fund - Follow us on X, Facebook, Instagram and LinkedIn Web: Housing, Infrastructure and Communities Canada SOURCE Department of Housing, Infrastructure and Communities
Free Malaysia Today
4 days ago
- Business
- Free Malaysia Today
Cross-border energy projects among topics discussed at Asean officials' meeting
The 43rd Asean Senior Officials Meeting on Energy in Kuching, Sarawak, convenes senior energy officials from all member states, with a delegate from Timor-Leste participating as an observer. PETALING JAYA : The latest developments on the implementation of cross-border interconnection projects under the Asean Power Grid initiative were among the main topics discussed at the 43rd Asean Senior Officials Meeting on Energy (SOME) in Kuching, Sarawak. The ongoing meeting, which began yesterday and ends tomorrow, is organised by the energy transition and water transformation ministry (Petra) and chaired by the ministry's secretary-general, Mad Zaidi Karli. 'The meeting also discussed current progress in multilateral energy trade under the Laos–Thailand–Malaysia–Singapore power integration project. 'Topics related to energy transition policies were also highlighted, including the scaling up of renewable energy, improving energy efficiency, the potential of nuclear energy and the coordination of regional energy policies,' Petra said in a statement today. Other items for discussion on the agenda include a review of progress under the Asean Plan of Action for Energy Cooperation (APAEC) Phase II 2021–2025 and discussions on the development of the forthcoming APAEC 2026–2030. The meeting convenes senior energy officials from all Asean member states, with a delegate from Timor-Leste participating as an observer. 'The meeting also serves as a platform for member states to acknowledge the accession of Timor-Leste as a full member of Asean,' Petra said. The ministry added that initial preparations for the upcoming Asean Ministers on Energy Meeting, scheduled to take place in October, were also among the key topics of discussion. 'The strong cooperation established among all stakeholders places the region on a solid path toward a sustainable energy future, while also contributing to shared prosperity,' Petra said.
Yahoo
4 days ago
- Business
- Yahoo
UBS Maintains Buy Rating on NextEra Energy (NEE)
NextEra Energy, Inc. (NYSE:NEE) is included among the Best Nuclear Energy Stocks to Buy Right Now. It was recently announced that UBS analyst Daniel Ford has maintained a 'Buy' rating on NEE, keeping its price target of $84. A wind turbine, its blades spinning to generate clean renewable energy. The assessment comes after the recent developments in the Florida rate case, where the Office of Public Counsel (OPC) suggested a lower than expected 9.2% ROE but agreed with NextEra Energy's equity ratio. However, the analyst expects a more favorable final verdict than the OPC's recommendation and anticipates the upcoming Florida Public Service Commission's Staff recommendation on June 17 to clarify the potential outcomes of the rate case. NextEra Energy, Inc. (NYSE:NEE) is also a great dividend stock, having grown its payouts roughly at a CAGR of 10% over the last twenty years. The company aims to maintain this momentum, with plans to increase its payout by roughly 10% annually through at least 2026. NextEra Energy, Inc. (NYSE:NEE) is the world's largest generator of renewable energy from the wind and sun and a global leader in battery storage. Moreover, through its subsidiaries, NEE generates clean, emissions-free electricity from seven commercial nuclear power units in Florida, New Hampshire, and Wisconsin. While we acknowledge the potential of NEE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
