Renewables dominated global power additions in 2021
Data released by the International Renewable Energy Agency (IRENA) shows that renewable energy continued to grow and gain momentum despite global uncertainties. By the end of 2021, global renewable generation capacity amounted to 3 064 Gigawatt (GW), increasing the stock of renewable power by 9.1 per cent. Although hydropower accounted for the largest share of […]
UK investors and wealth managers increasing their allocation to renewables
Research from Downing LLP (Downing) has revealed a dramatic increase in focus on renewables from UK pension funds, other institutional investors and wealth managers. Downing offers both institutional and retail investors the opportunity to invest in renewable energy and other infrastructure in the UK and northern Europe. Its survey of 100 UK professional investors, who […]
ScottishPower makes major UK solar play with acquisitions
Iberdrola-owned ScottishPower has signed two deals to acquire 17 solar photovoltaic (PV) projects in the UK, with a combined capacity of more than 800 MW. The contracts have been concluded separately with Elgin Energy, which owns 12 projects, and Lightsource BP, which controls the rest. Both companies are experienced developers with a long track record […]
School kids want to see more renewables usage post COP26
Young people (aged 6-15) across the UK want to see more clean energy powering the country and people taking personal responsibility to protect the planet, including the use of more renewables in schools. The call for a cleaner and greener future came from independent YouGov research commissioned by ScottishPower Renewables during the United Nations COP26 […]
Norway leading the way on renewable and UK slips behind
Research has found Norway is the world leader in renewable energy use, making up 56% of its total energy supply, while the UK ranks 20th as renewable energy only accounts for 13%. A study by energy tariff comparison platform Utility Bidder has revealed which countries rely the most on fossil fuels (coal, oil and natural […]
You’ve done as much as you can with short payback, what else can you do?
By David Kipling, OnSite Energy Many companies have by now committed to energy reduction targets either through sustainability policy, net zero goals, CO2 emissions reduction targets or via CCA agreements. Further energy efficiencies are going to be needed, as the targets are getting tougher. For CCA, renewables don’t count, it is only efficiency that is eligible. […]
Italian renewable industry expands future renewable development
The Italian Government is expanding the integration of renewables in its generation mix to create an infrastructure for supporting sustainable green generation, thereby tackling the issues of land constraints and making continuous strides in meeting the net carbon neutrality ambition by 2050. The constant decline in the development costs for offshore wind and floating solar […]
COVID to accelerate transition to renewable energy
It’s being predicted that the energy transition will be accelerated by several years by the COVID pandemic, with trillions of dollars expected to flow through economic relief packages into the deployment of low- and zero-carbon infrastructure, as well as research and development into technologies that enable it. That’s the conclusion of Lux in its new report Owning […]
EDF’s solar PV expansion in UK ‘to provide impetus for economic recovery’ amid COVID-19
French utility EDF is launching a major solar-plus-battery storage hybrid initiative in the UK as part of its plans to increase its installed renewable base. Analyst house GlobalData anticipates that this is likely to provide a boost to its solar portfolio in the country and also act as a green stimulus to the stagnant economy, […]
Transition to renewables ‘to fuel post-COVID recovery’
Investment in renewable energy expansion will be an important cog in the wheel towards the post-COVID-19 economic recovery journey. Expanding the renewables will not only help countries deliver stronger climate action under the Paris Agreement, but also fuel the economic activities across the value chain forming a powerful recovery mechanism to recuperate from the COVID-19 crisis. That’s […]