News in Numbers

Japan has become the first international partner in the US Floating Offshore Wind Shot initiative, with Tokyo committing to allocating Y120bn ($784m) to advance floating wind technology.

India’s hydroelectricity generation fell by 16.3% during the year ended 31 March, the fastest decline in 38 years. Inadequate rainfall prompted further reliance on coal-fired power generation.

Russia plans to restart the 6GW Zaporizhzhia nuclear power plant, which has been inactive since September 2022 due to safety concerns amidst ongoing military activities.

LS Power has initiated the sale of a 5GW portfolio of natural gas-fired plants in the US for an estimated $2bn.

Germany shut down 15 coal-fired power plants, with a total capacity of 4.4GW, as the government ramps up plans to phase out the fossil fuel to meet climate targets.