The future of renewable energy has been given a vote of confidence by Scottish Power, who has just announced an investment of up to £2bn in the sector. In order to achieve its goal of making electric vehicles possible for everyone, the energy giant plans to increase battery storage capacity at its wind farms. Scottish Power plans to invest in “smart grids” for customers to buy and sell electricity and deliver charging points for electric cars, amid a predicted shift away from diesel and petrol vehicles. Scottish Power Chief Executive Keith Anderson said “We’re producing more and more green energy.…
Author: @WoRenewables
@WoRenewables
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March 5, 2019 – Boulder, CO – A new report from Navigant Research analyzes the North American energy efficiency implementation market, providing market forecasts, segmented by energy sector and country, through 2028. As the global electric power industry shifts toward a cleaner, distributed energy ecosystem known as the Energy Cloud, energy efficiency programs are also evolving. Electric energy efficiency in North America is moving to integrate other distributed energy resources (DER) to help ensure grid reliability, meet state and provincial efficiency requirements, and help some localities meet their emissions reduction targets or other energy goals. Click to tweet: According to…
4 March 2019 – BBOXX and Trine’s funding initiative has hit the €6 million mark – in what is the largest crowd-funded debt raise in the history of solar energy in Africa. The pioneering collaboration between Trine, a service for sustainable investments in solar energy, and BBOXX, a next generation utility, will accelerate BBOXX’s installation of pay-as-you-go solar home systems in Kenya, Rwanda, Togo, the Democratic Republic of Congo, Mali, Senegal and Guinea. This will positively impact the lives of over 200,000 underserved people in these countries. The investment will apply to customers across BBOXX’s distribution mix, unlocking potential in…
Washington DC – An analysis by the SUN DAY Campaign of the latest data released by the U.S. Energy Information Administration (EIA), confirms continued strong growth in electrical generation by renewable energy sources (i.e., biomass, geothermal, hydropower, solar, wind) in 2018. According to the latest issue of EIA’s “Electric Power Monthly” (with data through December 31, 2018), renewables increased their electrical output by 4.46% and accounted for 17.64% of the nation’s electrical generation in 2018. Non-hydro renewables grew by 9.83% with geothermal up by 5.0%, wind by 8.1%, and solar by 24.4%; biomass electrical production remained virtually unchanged. However, these…
Stockholm, 28 February 2019: Ardian, a world leading private investment house, today announces a €300 million investment to build a wind farm in Åndberg/Härjedalen, Sweden. Ardian acquires the development rights of the project from OX2, a leading Nordic renewable energy developer. Ardian has also engaged OX2 to lead the construction and technical management of the facility. The wind farm will be operational in 2021 and is expected to produce in excess of 800GWh per year. The 53-turbine wind farm will be one of the largest in Sweden, which is a world leader in the innovation and development of sustainable energy.…
Shell* has agreed to acquire Limejump Ltd, a UK based energy technology company. With this deal Limejump’s technology and management team will enable both companies to continue to take steps to support the UK energy system’s transition to a lower carbon future. Upon completion Limejump will become a wholly owned subsidiary of Shell. Erik Nygard, CEO of Limejump, said “This is an exciting moment – we are in the middle of a revolution towards a future where many electricity networks around the world are powered by renewable electricity. Shell will help us to drive our innovative technology platform to new heights and support the Limejump…
LONDON (Reuters) – Shell plans to enter Britain’s offshore wind market by acquiring seabed leases or taking stakes in existing projects, despite the country’s impending departure from the European Union, the head of the company’s New Energies division said. Oil firms are increasingly building portfolios of clean energy projects to satisfy investor demands that they reduce their carbon footprint. Shell previously said it would spend $1 billion to $2 billion a year on green technology. “We absolutely would like to get a position in the UK offshore (wind) market,” Mark Gainsborough, executive vice president at New Energies, told Reuters in…
February 12th 2019 – www.WorldOfRenewables.com – E.ON, together with Audi is building a solar energy park on the roofs of the two logistics centers of its plant in Győr covering about 160,000 square meters. This will create Europe’s largest photovoltaic system installed on a building at the Audi Hungaria plant in Győr. It will have a peak output of 12 megawatts. Construction work will start in August 2019 and renewable energy generation will start at the beginning of next year. As part of the joint project with E.ON Hungaria, Audi is providing the roof areas of the two logistics centers,…
London, 27 February 2019: Cubico Sustainable Investments (“Cubico”), a global leader in renewable energy, has announced that it has completed the refinancing of 17 onshore wind and solar PV projects in the UK. All projects are fully operational and reached commercial operations between 2013-2016. The portfolio is comprised of a mixture of ROC accredited and Feed-in Tariff projects. The total amount of non-recourse, long term project finance debt raised was GBP 258 million with a GBP 14 million debt service reserve facility. The bank club is comprised of the following Mandated Lead Arrangers (“MLAs”): National Australia Bank, Siemens Financial Services…
Brussels, 26 February: The latest data released by the Global Wind Energy Council shows that the wind energy industry installed 51.3 GW of new capacity in 2018. Since 2014, the global wind market’s growth has been stable, installing above 50 GW of new capacity each year. Despite a 3.9% decrease in the global onshore market in annual terms, there was promise shown by growth in developing regions such as Latin America, South-East Asia and Africa which were responsible for 10% of new onshore installations in 2018 (4.8 GW). New installations of 4.49 GW in 2018 led the global offshore market…
