A new report by BloombergNEF (BNEF) has found that US$2.8 billion was spent on renewables projects in sub-Saharan Africa (excluding South Africa) in 2018, setting a record at some $600 million more than the previous year. BNEF’s Sub-Saharan Africa Market Outlook highlighted how investors are looking...
The share of renewables in the total energy mix of the European Union (EU) grew by just 0.5% in 2018, prompting lobbying group WindEurope to give a ‘stark warning’ on the prospect of the bloc missing its renewable energy targets. latest figures published by Eurostat showed...
Global investment in renewable energy capacity creeped up by 1% in 2019, boosted by a string of offshore wind deals in the second half of the year. BloombergNEF estimated that US$282 billion was invested in renewables projects last year, compared with $280.2 billion in 2018. A spate...
The International Renewable Energy Agency (IRENA) has posited that the share of renewables in global power should more than double by 2030 to advance the global energy transformation, achieve sustainable development goals and attain climate safety. Renewable energy currently supplies 26% of global power, but IRENA’s...
Norway’s state-owned oil company Equinor is aiming to slash its fossil fuels emissions by 40% by 2030 as part of a wider plan to get close to net zero by 2050. The 2030 emissions target will be attained by investing around US$5.7 billion to replace gas...
The government of Queensland in Australia will help to deliver a 1.2GW onshore wind farm in the Southeast of the state after facilitating a deal for the construction of the AUS$2 billion project. The Forest Wind project in the Wide Bay region of Queensland is set...
Renewable energy is on track to overtake nuclear power as the largest energy source in France within the next decade, according to a new study by analytics company GlobalData. GlobalData found that the share of renewables in France will hit 42.9% of the European nation’s power...
Almost one third of UK investors questioned in a survey from GraniteShares have chosen renewable energy as their top investment sector for long-term gain. US exchange traded funds (ETF) provider GraniteShares asked 1,560 UK investors which sectors they would put their money for long-term gain over...
BP has increased its shareholding in the UK-based solar energy firm Lightsource BP, creating a simplified 50:50 joint venture structure. The oil major returned to the solar market by acquiring 43% of Lightsource in December 2017, which was subsequently rebranded to Lightsource BP. BP yesterday announced that...
The UK has moved up one ranking to seventh in global accountancy firm Ernst & Young’s (EY) latest bi-annual Renewable Energy Country Attractiveness Index (RECAI), with China holding on to first place in the chart. The report, which ranks 40 countries attractiveness in the global renewables...