IRENA: Renewable power ‘remains cost-competitive’ amid fossil fuel crisis
Costs for renewables continued to fall in 2021 as supply chain challenges and rising commodity prices have yet to show their full impact on project costs – the cost of electricity from onshore wind fell by 15%, offshore wind by 13% and solar PV by 13% compared to 2020. Renewable Power Generation Costs in 2021, […]
CEBR: Risk of recession in Europe ‘rises to 40%’ as Putin turns off the gas
The Centre for Economics and Business Research (CEBR) estimates the risk of a recession in Europe this winter at approximately 40% as a result of Russian energy taps being closed shut as part of sanctions against the Putin regime. Last week, Germany triggered stage two of its emergency gas plan, following a significant reduction in […]
Lack of regulation a ‘key obstacle’ to renewable investment
Research from Downing LLP has identified liquidity constraints and insufficient regulation as the key barriers to investment in renewable energy for 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. A survey […]
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 […]
APAC to lead global battery energy storage market
The Asia-Pacific (APAC) region is set to lead the global battery energy storage market, accounting for 68% of the global market value through 2026, with China, Japan, India, South Korea and Australia propelling the regional market. That’s according to GlobalData’s latest report, ‘Battery Energy Storage Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, […]
At 590 the UK has second-highest number of B Corps
Research by green energy experts Uswitch has revealed Moodle, an online educational platform designed for distance learning, is the world’s most popular B Corp business, followed by Coursera and TOMS. B Corp certification is awarded to businesses that meet the highest standards of accountability when it comes to their social and environmental impact, and there are […]
UK ranks third amongst the countries that have reduced emissions the most
The United Kingdom is one of the few countries that managed to actually reduce their CO2 emissions in the last 60 years. The report by Utility Bidder analyses various countries’ emissions from 1959 and 2019, to reveal who has made the most cuts to their emissions, and predict who will be the worst offenders for […]
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 […]
Renewable energy employing 12 million globally
Renewable energy employment worldwide reached 12 million last year, up from 11.5 million in 2019, according to the eighth edition of Renewable Energy and Jobs: Annual Review 2021. The report was released by the International Renewable Energy Agency (IRENA) in collaboration with the International Labour Organization (ILO) at a high-level opening of IRENA’s Collaborative Framework […]
IAEA predicts increase in nuclear power capacity in latest outlook
For the first time since the Fukushima Daiichi accident a decade ago, the International Atomic Energy Agency (IAEA) has revised up its projections of the potential growth of nuclear power capacity for electricity generation during the coming decades. The change in the IAEA’s annual outlook for this low-carbon energy source does not yet mark a […]