Year: 2022

World Market for Wind Power Saw Another Record Year in 2021: 97,3 Gigawatt of New Capacity Added

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Bonn, 18 March 2022 (WWEA) – According to preliminary statistics published by WWEA today, the world market for wind turbines reached another record in 2021 with wind turbines with a total capacity of 97,5 Gigawatt installed around the globe, after 92,7 Gigawatt in 2020. The overall capacity of all wind turbines worldwide has now exceeded 840 Gigawatt (after 742,5 Gigawatt in 2020), enough to provide more than 7% of the global power demand. This equals a growth rate of 13%, compared to 14% one year earlier and 10% in 2019.…

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State Bank of Pakistan releases first quarterly report FY22 on country’s economy

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The State Bank of Pakistan on Thursday released its First Quarterly Report for FY22 on the State of Pakistan’s Economy. The analysis and economic outlook of the report are based on data for the July-September 2021 period, and were finalized in November 2021, using data available as of then. As such, the report did not incorporate the rebasing of the large-scale manufacturing and GDP in January 2022. The report notes that during the first quarter, Pakistan’s economy maintained the growth momentum that had begun during FY21. Both the supply and…

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UK can eliminate need for Russian gas this year, research shows

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The UK could eliminate all need for imports of Russian gas this year through a combination of energy efficiency, expanding renewable power generation and a campaign to help people change their behaviour, research has found. Information campaigns played a strong role in changing people’s behaviour during the Covid-19 pandemic. Many people are unaware of the savings they could make in energy use through small changes that make no difference to their comfort but can cut bills substantially. For instance, turning down thermostats slightly and adjusting the “flow” temperature on condensing…

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Pakistan hopes to pass 7th IMF review hands down

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The government is confident in getting a positive nod from the International Monetary Fund’s (IMF) on 7th review as it addressed in details the fund’s concerns on the Prime Minister’s relief package, finance minister said on Wednesday.\ “The IMF mission raised concerns over PM’s Relief Package on petrol, diesel and electricity prices as well as on tax amnesty for industrial sector but we explained them all aspects properly in details,” Tarin said talking to The News on the government’s parley’s with IMF. “Now the IMF team will come back with…

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AEDB aims for 61pc clean energy share in national mix

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We have been well on track to achieve the targets given in Indicative Generation Capacity Expansion Plan 2021-2030 [3,000MWs of wind and 7,000MWs of solar power on-grid plants till 2030],” said, Shah Jahan Mirza, Chief Executive Officer of Alternative Energy Development Board (AEDB) at a roundtable. The moot titled 2nd International Solar Clean Energy Conference-2022 was organised by Energy Update, a magazine that caters to the energy and environment sector of Pakistan. He said the current share of renewable power generation in the national energy mix stood at five to…

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