Australia’s biggest coal-fired power plant is set to close seven years early as surging investment in renewable energy continue to drive down prices and weaken coal plant economics. Origin Energy could shutter the Eraring facility, located in a coal mining region North of Sydney, as soon...
Anglo American has signed a 15-year contract worth US$190 million with Atlas Renewable Energy that will see the latter supply solar energy to the former’s iron ore mining operations in Brazil. The Latin American renewable energy company will supply electricity to the mining giant’s operations through...
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...
Solar energy has seen a 34% rise in corporate funding during the first nine months of 2019 compared with the same period last year, attracting a total of US$9 billion in investment before the end of September. Clean energy consultancy Mercom Capital Group compiled the data...
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...
The Institute for Energy Economics and Financial Analysis (IEEFA) has forecasted that Indian will reach 144GW of renewable energy capacity by FY2021-22, putting the country on track to exceed its 275GW target by 2027. The research, titled ‘India’s electricity sector transition still on track despite a...
New research has found that summers in the UK could be entirely powered by sources of clean energy by 2050, although gas power stations would still be needed during the winter seasons. Analysts at Aurora Energy Research looked at how the wholesale power market would cope...
India will generate 75% of its total electricity from renewable energy by 2050, according to a new report from Bloomberg New Energy Finance (BNEF). Of this percentage solar energy would contribute 34% and wind power would supply 32%, with the two forms of renewable energy set...
The UK will commit up to £56 million towards research and development into small-scale atomic power plants as part of a wider £200 million injection to the country’s nuclear energy sector. The government and the nuclear industry will unveil the initiative in a ‘sector deal’ that...