IEEFA

This was driven by under-forecasting which was left unchecked for years.

Gas-fired power plants with low efficiency use more gas annually.

Solar and wind tenders comprised 57% of the total tenders.

Global LNG supply will grow 40% in five years from 2023 to reach 666.5 mtpa by 2028.

Intensified climate impacts drive financial, operational challenges.

High reliance on LNG and slow renewable transition inflated electricity bills, impacting competitiveness.

Strategies and financial instruments are key to a sustainable shift.

There is an information asymmetry within the sector.

ESS will drive investment in India's expanding renewable grid.

Increased private investment and policy support boost India's green hydrogen ambitions.

The rule applies to those with at least 25 MW of load for inter-state connection and at least 10 MW for intra-state.

Japan's transition towards renewable energy contributes to a significant decline in LNG consumption.

LNG accounts for 26.8% of the country’s power mix.

The country’s renewable energy has accounted for 22% of the energy mix as of 2022.

Around 60% of the over 8 GW of tenders were awarded in 2023.

In November 2022, the Indonesian government and the multi-government International Partners Group (IPG) announced the US$20 billion Indonesia Just Energy Transition Partnership (JETP). Unprecedented in size and scope, it seeks to mobilise public and private sector funds to retire energy assets with high carbon dioxide (CO2) emissions, and accelerate the adoption of clean technology, whilst providing the country with sustainable economic development. But discussions seem to have become stuck on defining transition priorities.