Ongoing oil price war could be a turning point for clean energy transition
A sustained period of low oil prices will affect clean energy investments as oil companies and governments modify their strategies.
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Tag: renewable energy
Systemic change from coal to renewable energy requires legislation and regulation
We are doing very well in terms of expanding the use of renewable sources in power generation, but this growth has not yet resulted in decreased use of fossil fuels.
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US approves $1 billion solar project despite controversies
The US Department of the Interior (DOI) and the Bureau of Land Management (BLM) have granted the final approval for what they say will be the largest solar-power project in the U.S., a $1 billion installation in Nevada that could power about 260,000 households—enough to cover the residential population of Las Vegas. The land proposed for the 690 MW Gemini solar project is on the Moapa River Indian Reservation, 33 miles northeast of Las Vegas.
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DSOs going digital: How to be a hero of the clean energy transition?
The global energy landscape is changing. This is particularly true in EU countries, which are preparing to implement the Clean Energy Package. Distribution System operators (DSOs) have historically had an important role in connecting low carbon generation, but with the pace of decarbonisation and electrification of the energy system they are having to adapt quickly.
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India awards its first round-the-clock clean energy contract for record tariff
India’s ReNew Power has won the country’s first tender to provide continuous (24/7) green energy, bidding for an initial price of INR 2,900 per MWh. The Solar Energy Corporation of India (SECI), a central public sector undertaking, conducted e-reverse auction for the 400 MW renewable energy projects with round-the-clock supply.
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Australia prepares for a mega solar and wind project auction
Australia’s largest renewables project has got a step nearer after being recommended for approval by the Environmental Protection Authority (EPA) of the state of Western Australia. The Asian Renewable Energy Hub (Areh), which could feature up to 15 GW of solar and wind generation capacity, would supply the Pilbara region and develop a green hydrogen manufacturing hub for domestic use and export to Asia.
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The changing energy dynamics in Sub-Saharan Africa points towards an emerging renewable opportunity
Sub-Saharan Africa is an emerging market that is fast moving towards solar and wind power generation with the potential for battery backup systems. Although in its early stages at present, solar energy is gaining traction on the back of falling costs and greater availability, and is expected to become a major source of additional energy generation in Sub-Saharan Africa.
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Our Carbon Problem Is A Multibillion-Dollar Opportunity
Everyone is worried about the carbon dioxide problem, but nobody wants to pay for it yet. Industrial activity has emitted some 2,200 gigatons of CO2 in the past 150 years and continues to produce about 40 GT annually. If we exceed 2,620 GT, we’ll miss our shot to contain global warming within 1.5° C. Ecosystems, economies and communities will suffer irreversible damage as a result.
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Enbridge offloads stakes in three French offshore wind projects to CPP Investments
Canada-based energy company Enbridge Inc has agreed to offload 49 per cent of its 50 per cent interest in the developer of three offshore wind projects in France to the Canada Pension Plan Investment Board, which operates as CPP Investments.
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