A wind turbine and coal in Lower Saxony, Germany. The EU’s desire to wean itself off Russian hydrocarbons means it will need to find fossil fuels from other parts of the world to plug supply gaps. Mia Bucher | Picture Alliance | Getty Images The European Commission has fleshed out details of a plan to ramp up the EU’s renewable …
Masdar says Egypt’s abundance of solar and wind will “allow generation of renewable power at a highly competitive cost – a key enabler for green hydrogen production.” Ute Grabowsky | Photothek | Getty Images The UAE’s Masdar and Egypt’s Hassan Allam Utilities have signed agreements with state-backed Egyptian organizations that will see the parties work together on the development of …
Natural gas is one of several commodities affected by Russia’s invasion of Ukraine. Prices on the Dutch TTF hub, a European benchmark for natural gas trading, more than tripled between February 16 and March 7 before pulling back. But despite being at the center of the largest military conflict in Europe since World War II, Russia’s natural gas continues to …
This image shows an onshore wind turbine in the Netherlands. Mischa Keijser | Image Source | Getty Images Discussions about the energy transition, what it means and whether it’s actually underway at all, have become major talking points in recent years. How the transition — which can be seen as a shift away from fossil fuels to a system …
A wind turbine in an energy park operated by EDP’s renewables unit, EDP Renovaveis, in Maunca, Portugal, on June 18, 2018. Daniel Rodrigues | Bloomberg | Getty Images The CEO of Portuguese utility EDP has linked the rapid adoption of renewables to Europe’s energy independence, telling CNBC that investment in the sector needed to be “much faster.” “These are [indigenous] …
Offshore wind turbines in waters near Aberdeen, Scotland. Gannet77 | E+ | Getty Images The Scottish offshore wind sector received a boost this week after a program to lease areas of Scotland’s seabed for wind farm developments raised just under £700 million (around $952 million). According to Crown Estate Scotland — a public corporation which manages the country’s coastline and …
As technology develops, the size of wind turbines is getting bigger. Owaki/Kulla | The Image Bank | Getty Images Plans for three major offshore wind developments in Australia have been announced, with two of them set to incorporate floating wind technology. In a statement Wednesday, Madrid-headquartered BlueFloat Energy said it was looking to develop the projects with advisory firm Energy …
Wind turbines and solar panels in Kayseri, Turkey. temizyurek | E+ | Getty Images The world is set to add nearly 290 gigawatts of renewable power capacity this year, according to the International Energy Agency, with the Paris-based organization expecting 2021 to “set a fresh all-time record for new installations.” Published on Wednesday, the IEA’s Renewables Market Report forecasts that …
Bill Gates photographed at the COP26 climate change summit in Glasgow, Scotland, on November 2, 2021. EVAN VUCCI | AFP | Getty Images LONDON — Bill Gates appears to have cast doubt on whether the world will be able to keep global warming to 1.5 degrees Celsius, providing a sobering reminder of how much work needs to be done if …
Lignite mining taking place in Germany with wind turbines in the background. delectus | iStock | Getty Images The International Energy Agency issued a sobering warning Wednesday, claiming that clean energy progress remained “far too slow to put global emissions into sustained decline towards net zero.” The Paris-based organization made its remarks in an announcement accompanying the release of its …
