20 January 2015 2015 12:42 PM GMT

Geothermal Becomes New Zealand’s Second Largest Source of Power

Geothermal energy has overtaken gas to become New Zealand’s second most important electricity fuel source behind hydro power, according to electricity generator Mighty River Power.

Geothermal generation increased by more than 150% in the past decade, it added. Unsubsidised investment, including NZ $1.4 billion (US$1.1 billion) by Mighty River Power, has boosted geothermal output from 6.5% of national supply, to 16%.

Most of New Zealand’s installed geothermal generating capacity of about 750 megawatts is situated in the Taupo Volcanic Zone, with another 25MW installed at Ngawha in Northland.

Geothermal energy made up 40% of Mighty River Power’s total generation for the quarter.

August 16th 2019
Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Companies in 75 countries actively sourced 465 terawatt hours (TWh) of renewable energy in 2017, an amount close to the overall electricity demand of France, according to the report from the International Renewable Energy Agency (IRENA). With the continued decline in the costs of renewables, the report suggests, corporate demand will continue to increase as companies seek to reduce electricity bills, hedge against future price spikes and address sustainability concerns.

November 27th 2018
Solar And Wind Provide 100% Of New Generating Capacity Additions In September

US – According to an analysis by the SUN DAY Campaign of data just released by the Federal Energy Regulatory Commission (FERC), solar and wind were the only energy sources adding new capacity to the U.S. electricity generation mix in September. Three “units” of new wind accounted for 363-MW while nine units of solar provided 339-MW.

August 12th 2019
EU Approves Ambitious Energy Efficiency Goals, Encourages Clean Energy Feed-In

Europeans will now be entitled to consume, store and sell the renewable energy they produce in line with ambitious targets set by the EU. The targets are to be reviewed by 2023, and can only be raised, not lowered. By making energy more efficient, Europeans will see their energy bills reduced. In addition, Europe will reduce its reliance on external suppliers of oil and gas, improve local air quality and protect the climate. For the first time, member states will also be obliged to establish specific energy efficiency measures to the benefit of those affected by energy poverty. Member states must also ensure that citizens are entitled to generate renewable energy for their own consumption, to store it and to sell excess production.

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