Renewable energy is starting to lose its subsidies because it has proved that it can be as cheap and even cheaper than fossil fuels. For example, China and the United Kingdom, two of the most ardent supporters of green energy, have recently pulled back on subsidies, and the Trump administration in the United States would also like to. But while wind and solar power rates can cost less than traditional fuels, the subsidies are masking another problem — one that is becoming apparent as the subsidies are eliminated. Continue reading “Why It’s Too Soon To Let Renewable Energy Subsidies Expire”
Nuclear power is in terminal decline worldwide and will never make a serious contribution to tackling climate change, a group of energy experts argues.
Meeting recently in London at Chatham House, the UK’s Royal Institution of International Affairs, they agreed that despite continued enthusiasm from the industry, and from some politicians, the number of nuclear power stations under construction worldwide would not be enough to replace those closing down.
The industry was disappearing, they concluded, while the wind and solar sectors were powering ahead. Continue reading “Nuclear Power ‘Cannot Rival Renewable Energy’”
Over half of Denmark’s energy in 2019 came from renewable sources, marking the first time the country has hit the 50 percent mark.
Figures from 2019 show the landmark use of renewable energy.
In 2018, the country took 43.5 percent of its energy from solar and wind power, while the figure for 2017 was just under 46 percent.
The data comes from state-owned company Energinet, which runs Denmark’s power grid. Continue reading “Denmark’s renewable energy use passes landmark and is poised to grow in 2020s”
While the need for renewable energy around the world is growing exponentially, Lithuanian and German researchers have come up with a novel solution for developing low-cost solar technology. Material, synthesised by Kaunas University of Technology (KTU) Lithuania scientists, which self-assemble to form a molecular-thick electrode layer, presents a facile way of realising highly efficient perovskite single-junction and tandem solar cells. The licence to produce the material has been purchased by a Japanese company.
According to scientists, achieving perovskite-based solar cells, combining low price and high efficiency, has proven to be a difficult endeavour in the past. The particular challenge in large-scale production is the high price and limited versatility of the available hole-selective contacts. KTU chemists have addressed this challenge. Continue reading “Breakthrough innovation enables cheaper solar energy production”
American investment company BlackRock has announced that is has achieved $1bn for the first close of its Global Renewable Power III (GRP III) fund. The company stated that it has received commitments from 35 investors in Asia, Europe and North America.
GRP III is the third in a series of funds established by BlackRock to invest in renewable energy generation, energy storage and distribution, a market the group says is now mainstream for the power industry. Continue reading “BlackRock achieves record close of $1bn for renewable energy fund”
SciTech Europa welcomes Steward McGrenary the director of Plunc, a high end electronics recycling company, to discuss the benefits of renewable energy.
Contrary to popular belief, renewable energy is not a new concept or recent fad. In fact, renewable energy has been successfully used for years, and has recently made impressive strides in technology, innovation, and efficiency.
However, as history would have it, the preferred method of energy use has always been the one that costs less upfront, as opposed to renewable energy, which keeps the environment cleaner and costs less in the long run. We are a society of immediacy. Continue reading “The benefits of renewable energy”
BEIJING (Reuters) – China plans to make power purchasers take fair returns into account when buying electricity from renewable power generators, according to a draft rule issued by the National Energy Administration on Monday aimed at improving their revenues.
The draft rule will apply to non-hydropower resources, including wind, solar, biomass, geothermal and ocean power, the energy body said in a statement. Continue reading “China aims to boost revenue for renewable power firms”
The wind farm, named the White Mesa Wind project, will be located in Crocket County, Texas. When completed in 2021, it will be capable of supplying 500 megawatts of power to the surrounding area.
Founded in 2009, Apex Clean Energy is a wind-energy company based in Virginia with 13 wind energy projects in Oklahoma, Texas, and Illinois.
Apple will be the largest purchaser in the agreement. Between the four companies, the purchase totals 75 megawatts of clean energy—or enough to power roughly 20,000 homes. The agreement will enable those involved to access cost-effective renewable energy from Apex. Continue reading “Apple partnering with tech giants for big clean energy buy”
Renewable energy has made a breakthrough in the U.K. The third quarter of this year was the first where more electricity was generated from renewable sources than from fossil fuels.
According to new analysis by the climate change analysis site Carbon Brief, Q3 saw 40% of power come from renewables such as wind, biomass and solar, while fossil fuels—almost all gas, as coal and oil now have a negligible share of the U.K. energy scene—accounted for 39% of generation. (The remaining 21% largely came from nuclear.) Continue reading “More Renewables Than Fossil Fuels: The U.K. Reaches an Energy Milestone”
“Poor families are going to receive hundreds and hundreds of dollars every year because of this. If we as human beings don’t think mother nature isn’t going to bite back because what we have done, then we are living in a false reality and we need to wake up. and this project is one way to wake us up and says there is a bright beautiful future that we can have,” said former congressman Joseph Kennedy II. Continue reading “Renewable Energy Will Provide Discount to Thousands”