clean energy

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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.

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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.

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UK Wind Generation Capacity Smashes Through 20 Gigawatt Mark

RenewableUK has announced that the UK has hit a historic milestone of 20GW (20,000MW) of wind generation capacity. The opening of Ørsted’s 659MW Walney Extension off the coast of Cumbria this month pushed the total over the 20GW mark. Commenting on the announcement, RenewableUK’s Executive Director Emma Pinchbeck said: “It took 19 years to install the first 5GW of wind energy in the UK and we’ve now installed the same amount in under two years. That phenomenal growth shows just how quickly the UK is moving to a smart, low carbon power system and wind energy is at the heart of that.  

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IRENA: Clean Energy Deployment, Core To Sustainable Development Goals

The International Renewable Energy Agency (IRENA) has highlighted the contribution renewables make to sustainable development and the substantial, cross-sectoral socio-economic benefits of energy transition during the United Nations High-Level Political Forum (HLPF) on Sustainable Development. The meeting took place at UN headquarters in New York recently and reviewed the implementation of key Sustainable Development Goals (SDG), including SDG 7 – access to affordable, reliable, sustainable and modern energy; and also underscored the importance of accelerating renewable energy deployment to realise the SDG landmarks.

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Benelux Infrastructure Forum Returns To Amsterdam For 17th Consecutive Year

Registration is now open for the 17th annual Benelux Infrastructure Forum. The industry-leading event for the Benelux region is returning to Amsterdam, Netherlands on the 21st and 22nd November 2018 for its 17th consecutive year. This year’s event will focus on exploring new financing mechanisms and alternative markets. It will also include an in-depth look at the different project financing models within the Benelux region for infrastructure projects, including; Public-Private Partnerships (PPP), institutional investment schemes, pension funds, debt financing, government funding, project refinancing, and more.

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EV, Renewables See CO2 Emissions Plateau By 2030, But Far From 2 Degree Pathway

Major shifts in the global energy landscape, particularly related to electric vehicles (EVs) and renewable energy sources, mean that MEI expects global CO₂emissions to plateau by 2030. However, increased global energy demand means emissions will remain at more than double the level required for a 2 degrees Celsius warming pathway. Ole Rolser, Associate Partner and Solution Leader at MEI, comments: “Despite the significant momentum around EVs and renewable energy sources taking an increasing share of the power market, to realise the 2 degrees pathway scenario, we’d have to see much broader, much more disruptive change than what we’re seeing now.”

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Chinese Solar Surge Fuels Overall Global Growth In Clean Energy Investment

World clean energy investment totalled $333.5 billion last year, up 3% from 2016 and the second highest annual figure ever, taking cumulative investment since 2010 to $2.5 trillion. An extraordinary boom in photovoltaic installations made 2017 a record year for China’s investment in clean energy. This outpaced changes elsewhere, including jumps in investment in Australia and Mexico, and declines in Japan, the U.K. and Germany. The figures up 3% from a revised $324.6 billion in 2016, and only 7% short of the record figure of $360.3 billion, in 2015.

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Beyond Petroleum. BP Returns To Solar; Following Shell, Total Into Clean Energy

BP and Lightsource have announced a strategic partnership combining BP’s global scale with Lightsource’s solar expertise. BP will acquire 43% equity share in Lightsource for $200 million, with the majority of the investment funding Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP. BP is not alone in moving away from oil and gas and towards clean energy. Anglo-Dutch Shell is purchasing electric car infrastructure companies, France’s Total is acquiring battery storage firms and Norway’s Statoil is pioneering floating wind farms.

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By 2036, Clean Energy Can Account for 37% of The Energy Mix For Thailand

With a stronger and more ambitious energy development plan, Thailand’s share of renewable energy in total final energy consumption could surpass its national target by a quarter and reach more than 37 percent by 2036, according to a new report published by the International Renewable Energy Agency (IRENA) and the Ministry of Energy of Thailand. Renewable Energy Outlook: Thailand finds that decreasing imports of fossil fuels and increasing the share of renewables in the energy mix to 37 percent would improve energy security and reduce the cost of Thailand’s energy system by USD 1.2 billion annually by 2036.

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Renewables Provide 17.8% Of Total US Electricity. Solar Now 2.0% And Wind 6.0%

According to the latest issue of the U.S. Energy Information Administration’s (EIA) “Electric Power Monthly” report, U.S. electrical generation from renewable energy sources (i.e., biomass, geothermal, hydropower, solar – inc. distributed solar, wind) rose by 14.69% during the first three-quarters of 2017 compared to the same period in 2016. Simultaneously, electrical generation by fossil fuels and nuclear power combined declined by 5.41%. Nuclear power and coal both dropped by 1.5%, natural gas (including “other” gas) was down by 10.7%, and oil (i.e., petroleum liquids and petroleum coke) plunged by 17.1%.

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Pico Alto Highlights The Increasing Significance Of Geothermal In Energy Mix

The inauguration ceremony of the Pico Alto 4 MWe geothermal power plant was held recently in the stunning scenery of the Terceira Island, Azores. The plant is now providing a sustainable, reliable source of electricity to 56,000 inhabitants and meeting up to 10% of the island electricity needs. Marco Bonvini COO of EXERGY stated, “we are very proud of the successful completion of this challenging project. It represents a great example of how innovation in greentech can provide sustainable solutions. We see many opportunities to apply the technology in remote environments and Pico Alto is a good starting point and an excellent reference.”

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