Five years on from the Paris Climate Action Agreement, and Europe has been putting together its climate action plan for the future. In an open letter coordinated by CLG Europe, CEOs from leading European businesses are urging EU heads of state and the European Commission to support an emissions reduction target of at least 55 … Read more
Solar now offers the cheapest form of electricity in history, beating coal and gas in most major countries according to the latest annual International Energy Agencys World ENergy Outlook 2020 publication. Red the full article here
A newly released report from Carbon Tracker has shown that more than $600 billion of capital being spent on new coal plants will be wasted as it is already cheaper to build and generate electricity from new renewable capacity than from coal plants in all the major markets worldwide. Governments have been urged to cease … Read more
Renewable energy is estimated to account for approximately 49% of total power generated in Spain in 2019 according to Spanish grid operator Red Electrica de Espana (REE). The installed capacity of renewable energy in Spain grew by 10% with nearly 5GW of new capacity coming online. In addition to the increase of renewable energy on … Read more
It is always interesting to have a conversation with those who have not yet understood the benefits of renewable energy to society. One can always expect the argument that wind and solar would never get built without subsidies and that they are not competitive in the real market. These people also seem to forget that … Read more
A 1.4GW solar tender in Portugal has attracted a world-record low bid of €14.80 per MWh. The auction, which concluded on Monday, resulted in 1.15GW of contracts awarded to 13 as-yet-unnamed winners, which will now have 36 months to complete their projects. Read the full article
Decarbonizing the U.S. power grid rapidly will cost $4.5 trillion, according to a new report from the energy consultancy and research firm Wood Mackenzie. For context, the 2018 U.S. military budget was $700 billion. A huge rollout of wind and solar power generation, a reinforced transmission network and the vast deployment of energy storage will be … Read more
For the second consecutive year renewables produced more power than fossil fuels in the first and second quarters of 2019, according to analyst outfit EnAppSys. The new report on the European power market calculated that renewables capacity generated 245.8 terawatt hours (TWh) of electricity in the three months to 30 June, 21.3% more than the … Read more
Sam Arie, Financial Times, 17 July 2019 Few things should make you as optimistic — or as pessimistic — as the rise of renewable energy. Optimism comes from a new sense of urgency as the UK, Germany and Spain set record highs for use of wind and solar power, and record lows for coal. Even … Read more
In recent years, the world has marched towards renewable energy. According to a new report by the International Renewable Energy Agency (IRENA), unsubsidized renewable energy is now most frequently the cheapest source of energy generation. The report finds that the cost of installation and maintenance of renewables, which was an important stumbling block to mass adoption, continues on a downward trajectory. … Read more