The new Tarifa Social rule, set to take effect in 45 days, grants free electricity to individuals from families with a per capita income of up to half the minimum wage and monthly consumption up to 80 kilowatt-hours (kWh). This measure will benefit 60 million consumers and cost.
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New regulations in the Dominican Republic require 50% energy storage for renewable energy projects with capacities between 20 and 200 MW, but the lack of a clear critical service compensation mechanism has raised investor concerns.
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Abuja, Nigeria's capital, is taking bold steps to tackle its energy crisis with a groundbreaking energy storage project. As the country grapples with frequent blackouts and reliance on fossil fuels, this initiative aims to stabilize the grid, integrate renewables, and attract.
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China's aggressive clean energy policies have helped the country surpass its own targets, with solar installations soaring by 45% in 2024 alone. In 2023, China recorded 609. 92 GW of installed solar energy, covering 70% of Asia's total installed solar capacity.
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