Europe can meet energy demand just through renewables, study finds

Europe has enough resources to meet its energy demand solely through renewable sources, a new study has found.

Researchers at the Institute for Advanced Sustainability Studies (IASS) in Potsdam, Germany have found that regions across Europe could likely satisfy their electricity needs by using systems based entirely on solar and wind power.

However, scientists warned that developing these systems would increase pressure on land use around large cities and towns. Continue reading “Europe can meet energy demand just through renewables, study finds”

Good Energy’s H1 pre-tax profit grows to GBP 2.5m

UK clean energy company Good Energy Group Plc (LON:GOOD) on Monday reported a pre-tax profit from continuing operations of GBP 2.5 million (USD 3.1m/EUR 2.8m) for the first half of 2019, up 8% from a year ago.

The renewable electricity supplier and power services provider has six solar and two wind parks in its portfolio. Its founder and CEO Juliet Davenport said that during the reporting period the company managed to deliver strong financial results in spite of the challenging market conditions and added that it is “ideally-positioned” for the ongoing period of significant market changes. Continue reading “Good Energy’s H1 pre-tax profit grows to GBP 2.5m”

UK government announces £213m of clean investments

The UK government and Abu Dhabi Future Energy Company PJSC, better known as Masdar, will spend GBP 70 million (USD 86.5m/EUR 78.4m) to create 3,000 new electric vehicles (EV) rapid charge points across the UK by 2024.

This is an initial investment as part of the GBP-400-million Charging Infrastructure Investment Fund, Treasury announced on Tuesday. The government’s contribution to the fund is GBP 200 million and the rest is planned to come from private investors. Continue reading “UK government announces £213m of clean investments”

Why Solar Execs Say the Game Is Already Over for Non-Renewable Energy

Renewable Energy SourcesSolar power may currently make up less than 2% of the world’s energy mix, but the outlook of solar company executives is, uh, sunny.

“What’s important is new [energy] generation, and in the US, renewables are 70% of new generation. It’s game over,” said Tom Werner, CEO of SunPower, the California-based solar company, speaking at the Fortune Global Sustainability Forum on Thursday in Yunnan, China. “That’s why big companies in electric distribution, oil and gas are flooding into renewables.”

Christian Rynning-Tønnesen, CEO of Statkraft, the Norwegian renewable producer, was similarly bullish. “Solar will be the biggest source for electricity on the planet from 2035,” he said, adding that his calculations show renewables accounting for 80% of electricity production by 2050.

“The conversion to renewables is inevitable and it’s happening—it’s climate change and it’s costs…capitalism works,” said Werner, who claims solar will continue to benefit from the equivalent of technology’s Moore’s Law (the price of the technology has been plummeting). Continue reading “Why Solar Execs Say the Game Is Already Over for Non-Renewable Energy”

A decade of renewable energy investment, led by solar, tops USD 2.5 trillion

According to the Global Trends in Renewable Energy Investment 2019 report, released ahead of the UN Global Climate Action Summit, this investment is set to have roughly quadrupled renewable energy capacity (excluding large hydro) from 414 GW at the end of 2009 to just over 1,650 GW when the decade closes at the end of this year.

  • The decade of investment (2010-2019) quadruples renewables capacity from 414 GW to about 1,650 GW
  • Solar capacity alone will have risen to more than 26 times the 2009 level — from 25 GW to an estimated 663 GW
  • 2018 capacity investment reached USD 272.9 billion, triple the investment in fossil fuel generation
  • Renewables generated 12.9 per cent of global electricity in 2018, avoiding 2 billion tonnes of carbon dioxide emissions

Solar power will have drawn half — USD 1.3 trillion — of the USD 2.6 trillion in renewable energy capacity investments made over the decade. Solar alone will have grown from 25 GW at the beginning of 2010 to an expected 663 GW by the close of 2019 — enough to produce all the electricity needed each year by about 100 million average homes in the USA.

Continue reading “A decade of renewable energy investment, led by solar, tops USD 2.5 trillion”

Renewable Energy has Space to Grow

By replacing fossil fuels with renewable energy, nations could achieve their emissions commitments without encroaching on vital natural land, according to researchers in the US.

Low-emission energy sources like wind and solar can have a larger geographical footprint than fossil-fuel plants of equivalent capacity. Even so, the renewable-energy potential of already developed land is more than enough to fulfill pledges made as part of the Paris Agreement and could satisfy the total energy demand projected for 2050, the analysis shows.

At the 21st Conference of the Parties (COP21) in Paris in 2015, 196 countries agreed to aim to limit warming to less than 2 °C above pre-industrial levels. The rapid cuts in greenhouse-gas emissions needed imply a large-scale shift away from fossil fuels. Renewable-energy schemes are not without environmental impact themselves, however, so it’s important to choose locations and generation techniques that cause the least possible harm. Continue reading “Renewable Energy has Space to Grow”

How timber markets can help save tropical forests

Pile of Logs in Forest(Views and opinions of Gerhard Dieterle, the Executive Director of The International Tropical Timber Organization (ITTO), an intergovernmental organization that promotes conservation of tropical forest resources and their sustainable management, use and trade.)

Some of the world’s biggest companies and markets are demanding proof that any imports of wood or wood products from their suppliers, are from legal and sustainable sources. Retail giants such as IKEA, Kingfisher and Carrefour have promised to only use certified and legally compliant timber. While The Lacey Act in the United States of America, the European Union Timber Regulation, Australia’s Illegal Logging Prohibition Act and the Japan Clean Wood Act all require evidence of legality.

Such laws and purchasing policies, however, can be confusing for producers, importers and traders, who may be unclear on the documentation they need and the standards to which they must comply. This confusion can diminish market opportunities for tropical timber producers—especially those operating at a small scale and with minimal business capacity or support. Continue reading “How timber markets can help save tropical forests”

Renewable energy breakthrough: Scientists economically extract hydrogen from oil

Renewable green energy could be a step closer after scientists developed an economical method to extract hydrogen (H2) from oil sands.

This method could be used to power hydrogen-powered vehicles, in addition to generating electricity. Hydrogen is regarded as an efficient transport fuel, similar to traditonal fuels such as petrol and diesel, without the associated pollution problems.

The process can extract hydrogen from existing oil sands reservoirs, with large supplies found in Canada and Venezuela.This revolutionary process can be applied to mainstream oil fields, causing them to produce hydrogen instead of oil.

Although hydrogen-powered vehicles are known to be efficient, the high price of extracting hydrogen from oil reserves means the technology has not been economically viable.

Continue reading “Renewable energy breakthrough: Scientists economically extract hydrogen from oil”

Bloomberg: Flying Wind Turbines Make Their First Trip Offshore in Norway

Shell’s kite wind project deployed in the North Sea. Source: Makani Power Inc.

A carbon-fiber kite tethered to a buoy floating in waters 220 meters (761 feet) deep took flight in a test to prove that the future of offshore wind power might fly through the air.

The kite, owned by the Alphabet Inc.-subsidiary Makani and backed by Royal Dutch Shell Plc, completed its first demonstration about 10 kilometers (6.2 miles) off the coast of Norway in the North Sea. Continue reading “Bloomberg: Flying Wind Turbines Make Their First Trip Offshore in Norway”

New US Legislation will Extend Tax Credits for Bioenergy Investments

New legislation was introduced on 13 August to extend tax credits for investments in qualified renewable energy production.

The bill, named the Renewable Electricity Tax Credit Equalisation Act, was introduced by US Representatives Elise Stefanik and Scott Peters and covers investments in renewable energy production including closed-loop biomass, open-loop biomass, municipal solid waste, geothermal, qualified hydropower and marine and hydrokinetic. Continue reading “New US Legislation will Extend Tax Credits for Bioenergy Investments”