There was big news in the renewable energy world this week, as Elon Musk’s Tesla Motors announced plans to buy Solar City. However, earlier Huffington Post coverage by reporters Alexander Kaurman and Damon Beres misunderstands Musk’s support for wind and reiterates two myths about it. As Musk noted, wind is “part of the equation.” He … Continue reading Wind power and solar energy work together to diversify American energy
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Mainstream Renewable Power Signs Landmark Africa Clean Energy Equity Funding
Global renewable energy developer Mainstream Renewable Power (www.MainstreamRP.com) has signed $117.5m equity investment from investors including IFC (www.IFC.org), the IFC African, Latin American and Caribbean Fund (ALAC) and the IFC Catalyst Fund, two funds managed by IFC Asset Management Company, Ascension Investment Management and Sanlam to accelerate the build-out of megawatts of wind and solar … Continue reading Mainstream Renewable Power Signs Landmark Africa Clean Energy Equity Funding
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Solar energy could meet up to 13% of global power needs by 2030
Dramatic cost reductions could drive sharp increase in global solar PV capacity The share of global electricity generated by solar photovoltaics (PV) could increase from 2 per cent today to as much as 13 per cent by 2030, according to a new report from the International Renewable Energy Agency (IRENA). Released today at InterSolar Europe, … Continue reading Solar energy could meet up to 13% of global power needs by 2030
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Gamesa, recognised for its solar EPC capabilities in India
Gamesa was recently honoured with the “Rising Star” award for its Solar EPC capabilities at the India Solar Week 2016 organized by trade journal “Solar Quarter”. The award recognises Gamesa for its proven capabilities in the renewable energy sector, after having commissioned over 68 MW of solar power in India in less than a year. … Continue reading Gamesa, recognised for its solar EPC capabilities in India
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IRENA and the Terrawatt Initiative launch effort to boost global solar energy development
Leaders in energy, finance and law will collaborate to scale up solar energy under a new initiative officially launched today on the margins of InterSolar Europe. The Solar Energy Standardisation Initiative, led by the International Renewable Energy Agency (IRENA) and the Terrawatt Initiative, aims to spur global solar development by standardising contracts to streamline the … Continue reading IRENA and the Terrawatt Initiative launch effort to boost global solar energy development
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A renewable energy reality: Fossil fuels aren’t going anywhere
The artwork for Ontario’s Climate Change Action plan shows Ontario, circa 2050, as a paradise of cyclists, electric cars, wind turbines, solar panels, dense urban environments and homes powered by geothermal energy. Renewable energy industries could not have been happier. These industries have been growing fast, their products becoming cheaper, their subsidies continuing, their consumers … Continue reading A renewable energy reality: Fossil fuels aren’t going anywhere
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Average Costs for Solar Power and Wind Energy Electricity Could Fall 59% by 2025
The average costs for electricity generated by solar and wind technologies could decrease by between 26 and 59 per cent by 2025, according to a report released today by the International Renewable Energy Agency (IRENA). The average costs for electricity generated by solar and wind technologies could decrease by between 26 and 59 per … Continue reading Average Costs for Solar Power and Wind Energy Electricity Could Fall 59% by 2025
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A new report finds carbon reduction rules create billions in public health benefits
While the Clean Power Plan (CPP) works its way through the court system, researchers continue to look into what it could mean for consumers. The results of a new Harvard study show there’s nothing to fear: using a model that resembles the CPP, researchers found net benefits of $38 billion a year. Because wind power’s … Continue reading A new report finds carbon reduction rules create billions in public health benefits
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Global solar energy market size is likely to exceed USD 140 billion by 2023
Global solar energy market size was estimated at over USD 65 billion in 2015 and is likely to exceed USD 140 billion by 2023. Cumulatively, more than 178 GW of power was installed in 2015 and is estimated to reach more than 600 GW over the forecast period, including both photovoltaic and concentrated thermal power. … Continue reading Global solar energy market size is likely to exceed USD 140 billion by 2023
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Primary energy consumption grew 1% in 2015
Global primary energy consumption in 2015 increased by only 1%, according to new figures released in BP’s Statistical Review of World Energy. One of the world’s seven supermajor oil and gas companies, BP, has released the 65th edition its Statistical Review of World Energy, in which it sets out and analyzes energy data for 2015, confirming many … Continue reading Primary energy consumption grew 1% in 2015
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Bokpoort Concentrated Solar Power Plant delivers six days of continuous, full-load electricity – an African record
ACCIONA, SENER and TSK built Concentrated Solar Power (CSP) plant in South Africa has set a new African record for the continuous, round the clock supply of electricity. Within the first month of commercial operation, the newly-inaugurated 50 MW Bokpoort CSP plant, produced electricity for a continuous period of 161 hours, equivalent to almost six … Continue reading Bokpoort Concentrated Solar Power Plant delivers six days of continuous, full-load electricity – an African record
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New report highlights electric transmission benefits and savings
A recently released white paper shows how improved transmission planning could save American families and businesses up to $47 billion on their electric bills every year and provide “insurance against risks associated with future uncertainties.” Key findings from the report—entitled “Well-Planned Electric Transmission Saves Customer Costs: Improved Transmission Planning Is Key to the Transition to … Continue reading New report highlights electric transmission benefits and savings
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Offshore wind energy can reduce costs to below €80/MWh by 2025
Energy Ministers from 9 countries signed a Memorandum of Understanding (MoU) and Work Programme to enhance their cooperation on renewable energy, particularly offshore wind. The Ministers of Germany, Netherlands, Luxembourg, Norway, Sweden, France, Denmark, Ireland and Belgium signed the agreement, which aims to reduce the costs and accelerate the deployment of wind power at sea. … Continue reading Offshore wind energy can reduce costs to below €80/MWh by 2025
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U.S. renewable energy capacity to more than double by 2040
A federal report predicts the amount of renewable energy on the electricity grid will more than double by 2040 to close to 500 gigawatts of capacity. That presumes the Obama administration’s clean power plan, which would reduce carbon emissions from the power sector by 30 percent, survives a legal challenge. But even without the … Continue reading U.S. renewable energy capacity to more than double by 2040
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Dubai will launch concentrated solar power (CSP) projects to generate 1,000 megawatts by 2030
The Dubai Electricity and Water Authority (DEWA) will launch concentrated solar power (CSP) projects to generate 1,000 megawatts by 2030. The energy mix will include 61 per cent from natural gas, 25 per cent from solar energy, 7 per cent from clean coal and 7 per cent from nuclear power by 2030. The project will … Continue reading Dubai will launch concentrated solar power (CSP) projects to generate 1,000 megawatts by 2030
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A Record Breaking Year for Renewable Energy
Today REN21 published the most comprehensiveannual overview of the state of renewable energy. The Renewables 2016 Global Status Report reveals that renewables are now firmly established as competitive, mainstream sources of energy in many countries around the world. 2015 was a record year for renewable energy installations. Renewable power generating capacity saw its largest increase … Continue reading A Record Breaking Year for Renewable Energy
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Despite Trump criticism, wind turbines kill fewer birds than tall buildings
Donald Trump criticized the wind-power industry this past week for killing birds. A far bigger threat is real estate developers and their tall buildings. About 599 million birds are killed annually in the U.S. when they fly into windows, trailing only loss of habitat and cats as the top causes of bird deaths, according to … Continue reading Despite Trump criticism, wind turbines kill fewer birds than tall buildings
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Wind turbines on Galapagos meet 30 percent of energy needs
World’s top utilities hand over project keys, chart path for Ecuador’s famously biodiverse archipelago to meet 70 percent of fast-rising energy needs with renewables. A global renewable energy project on the Galapagos Islands — one of Earth’s most fragile and important ecological treasures — has helped avoid many tanker loads worth of risky … Continue reading Wind turbines on Galapagos meet 30 percent of energy needs
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Marylanders deserve to get the benefits of renewable energy despite Gov. Hogan’s veto
In a disappointing decision for Maryland consumers, Gov. Larry Hogan today vetoed legislation that would move the Maryland’s renewable portfolio standard (RPS) to obtain 25 percent of the state’s electricity from renewable sources within four years. The bill earlier passed with a veto-proof majority in both the state Senate and House, meaning the bill will … Continue reading Marylanders deserve to get the benefits of renewable energy despite Gov. Hogan’s veto
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WindEurope joins EU Commission to back European renewables in Algeria
On 24 May, WindEurope joined EU Energy and Climate Commissioner Miguel Arias Cañete and officials at an EU-Algeria Energy Business Forum in Algiers. The EU and Algeria have agreed to increase gas exports to Europe and to work together to expand renewables in the North African country. Algeria is targeting 5GW of wind and 13GW … Continue reading WindEurope joins EU Commission to back European renewables in Algeria
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