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Corporate Sourcing of Renewables Growing, Taking Place in 75 Countries

Americas, Asia Pacific, Carbon, Europe/Middle East/Africa, Head Lines

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.

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Clean energy concept from the wind in nature

Wind: China Maintains Emerging Markets Top Spot Following 19.7GW Build Boom

Asia Pacific, Deals & Finance, Europe/Middle East/Africa, Head Lines, Wind

Wind industry intelligence service A Word About Wind has launched its Emerging Markets Attractiveness Index report for 2018, which provides insight and analysis into the most attractive emerging markets for wind companies. The index, now in its second year, ranks the top 30 emerging markets that investors should consider when investing in wind in Europe, Africa, Asia and Latin America. The list considers factors including political and economic stability for investors, alongside the growth of electricity demand and potential for wind growth, in order to rank the countries by overall potential. As with last year’s report, China tops the list and the ongoing trade war with the US shows no sign of slowing China’s formidable growth.

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EU flag fluttering by wind above Barcelona

EU Approves Ambitious Energy Efficiency Goals, Encourages Clean Energy Feed-In

Europe/Middle East/Africa, Head Lines, Policy

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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Battery Boom: Wind And Solar Can Generate Half Of Worldwide Electricity By 2050

Americas, Asia Pacific, Europe/Middle East/Africa, Head Lines, Technology

Coal is to shrink to just 11% of global electricity generation by mid-century, from 38% now, as costs shift heavily in favour of wind, solar and batteries. Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 due to reductions in cost. “Cheap battery storage means that it becomes increasingly possible to finesse the delivery of electricity from wind and solar so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.”

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Arsenal Unveil Battery Storage System: First Of Its Kind At A UK Football Club

Efficiency, Europe/Middle East/Africa, Head Lines

Arsenal Football Club has unveiled a battery storage system (BSS) to store enough energy to run the 60,000 seater Emirates Stadium from kick-off to full time. It follows a unique collaboration with Pivot Power to install a 2MW/2.5MWh lithium ion BSS, with funds managed by Downing LLP. The project, the first of its kind in the UK, will also save club money as it works to support low-carbon plans. The BSS allows Arsenal to avoid peak power prices, buying electricity when it is cheap and storing it for use when prices are high. Typically, energy can cost three times more at peak times than overnight. The installation maintains Arsenal as the leader in sustainability in sport following its commitment to clean energy with Octopus Energy in 2016.

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Clean Energy: Most Competitive Source of New Power Generation in the Middle East

Deals & Finance, Europe/Middle East/Africa, Head Lines, Policy

Renewable energy is the most competitive form of power generation in GCC countries, according to a new report published by the International Renewable Energy Agency (IRENA). It says that achieving stated 2030 targets brings significant economic benefits to the region including the creation of more than 220 000 new jobs whilst saving over 354 million barrels of oil equivalent (MBOE) in regional power sectors. Furthermore, the power sector’s CO2 emissions can be reduced by 136 million tonnes (22%), while water withdrawals in the power sector can be cut by 11.5 trillion litres (17% reduction) in 2020.

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Senvion Consolidates With Bhuj Wind Farm: Total Order Book In India Exceeds 1GW

Asia Pacific, Deals & Finance

Senvion has signed a conditional 300 MW contract with alfanar on the supply and installation of 131 Senvion 2.3M130 turbines for the Bhuj Wind Project. alfanar is one of the leading developers for clean energy in Asia, Africa and Europe. The wind project in Gujarat is part of the Round 5 bidding of Solar Energy Corporation of India Limited – a company of the Ministry of New and Renewable Energy, Government of India.

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2018 First two-thirds: US Electrical Generation By Solar Grows 30%; Wind By 16%

Americas, Biomass, Carbon, Geothermal, Hydro, Solar

Renewable energy sources biomass, geothermal, hydropower, solar, wind) accounted for over 18.0% of net domestic electrical generation during the first two-thirds of 2018, according to a SUN DAY Campaign analysis of just-released data from the U.S. Energy Information Administration (EIA).

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Solar And Wind Provide 100% Of New Generating Capacity Additions In September

Americas, Biomass, Geothermal, Hydro, Policy

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.

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US: EIA Data Shows Renewables Outpacing Nuclear Power In Electrical Generation

Americas, Carbon, Energy, Head Lines

The latest data from the U.S. Energy Information Administration (EIA) is showing that electrical generation by renewable sources has edged past nuclear power. Additionally, wind and solar now provide 10% of the nation’s electricity, overall; with solar alone surpassing biomass and geothermal combined. Significantly, solar now triples electrical generation by oil. In addition, the data reveals that solar and wind both showed strong growth with solar (i.e., utility-scale + distributed PV) expanding by 27.6% and wind by 11.2%. Combined, they accounted for nearly a tenth of the nation’s electrical generation.

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