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 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...
The US state of Massachusetts has chosen Mayflower Wind, a joint venture between Shell New Energies and EDPR Offshore North America, to develop an 804MW offshore wind farm. Mayflower’s proposal stated that the project would be able to provide energy at lower prices than its original...
The International Energy Agency (IEA) has declared that offshore wind capacity will increase 15-fold over the next two decades, as the world looks to replace fossil fuels with renewable energy to combat climate change. In a study of offshore wind that the IEA called the ‘most...
New research has shown that sources of renewable energy provided more electricity to the UK’s national grid than fossil fuels during the last quarter, in a symbolic tipping point for the clean energy transition in the UK. The combined energy produced by wind farms, solar panels...
New research led by the University of Tokyo has found that up to US$71 billion of Japanese coal assets could be at risk of being rendered economically unviable by cheaper sources of renewable energy. The report, called Land of the Rising Sun and Offshore Wind, stated...
Equinor has signed a memorandum of understanding (MoU) with China Power International Holding (CPIH) that will see the companies cooperate on the development of offshore wind farms in China and Europe. The MoU will strengthen and expand Norway-based Equinor’s relationship with CPIH, a subsidiary of the...
The UK has announced record low prices for offshore wind energy in the latest Contracts for Difference (CfD) auction round, with prices dropping below £40 per MWh. The Department for Business, Energy and Industrial Strategy (BEIS) confirmed that 6GW of new offshore wind capacity will be...
Renewable energy is expected to reach 30% of total installed power capacity in the US by 2030 - double its current contribution – according to a new study by GlobalData. The report, titled US Power Market Outlook to 2030, Update 2019 - Market Trends, Regulations and...