HSBC Holdings Plc’s pension manager plans to invest 250 million pounds ($329 million) of its pension scheme into renewable energy infrastructure for wind and solar in the U.K., joining around 30 other firms making similar climate change pledges.
Tag: wind power
8 Things You Need to Know About the IPCC 1.5˚C Report
While all countries committed under the Paris Agreement to limit global temperature rise to 1.5˚C-2˚C (2.7-3.6˚ F), major questions remained: How can the world achieve this temperature goal? And what happens if it doesn’t?
IRENA: Egypt Could Meet Up to 53 Percent of Electricity Demand with Renewables
Egypt has the potential to meet up to 53 percent of its electricity from renewable sources by 2030, according to a new report by the International Renewable Energy Agency (IRENA). The Egypt Renewable Energy Outlook, released in Cairo last week in the p…
IEA: World Could Install 1.3 TW of Clean Energy by 2023
The world could install more than a trillion watts of renewable power over the next five years, more than the entire current generation capacity of the European Union.
Renewable Hungry Companies need to get on the RTO ASAP
The report by recently rebranded Wind-Solar Alliance points out that more than 100 U.S. corporate buyers —members of the Renewable Energy Buyers Alliance — have set a goal of purchasing 60 GW of new U.S. renewable energy capacity by 2025. So …
Britain’s Battery Market Will Grow by $7.9 Billion by 2030
Britain’s power market will need investment of 6 billion pounds ($7.9 billion) between now and 2030 in flexible generation and storage such as batteries to support the transition toward an economy that emits less carbon, a study showed.
IRENA Conducting Survey of Gender and Renewable Energy
The International Renewable Energy Agency is conducting a survey to gather quantitative and qualitative insights into the current status of women’s participation in the renewable energy sector.
Kickstarting the Energy Revolution: How Crowdfunding is Pushing the Renewable Energy Transition
When innovators come up with the idea for the next great technological breakthrough, the first roadblocks to seeing that idea to fruition are typically funding. Among renewable energy inventions, this need is typically filled through wealthy private in…
Bolivia looking to finance US$2 billion of hydro, wind projects
Bolivian energy authorities are in the process of identifying about US$2 billion in financing for early stage hydro and wind power generation projects, which total 710 MW and 45 MW, respectively.
U.S. Department of Energy To Bring $40B Cash to POWER-GEN International
After wallowing in limbo for the first part of 2018 awaiting re-authorization, the Loan Program Office (LPO) at the Department of Energy is back in business with about $40 billion burning a hole in its proverbial pocket. Mike Reed, Director and Chief E…
Exxon Puts $1 Million Into Quest for Carbon Tax-and-Rebate Plan
An effort to put a tax on carbon dioxide emissions just won an unlikely underwriter: a top producer of oil and gas.
Report: $2.4 Trillion Clean Energy Investment Needed To Avoid Climate Catastrophe
The world must invest $2.4 trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050 to avoid catastrophic damage from climate change, according to scientists convened by the United Nations.
SINN Power to conduct feasibility study of wave energy, other renewables in Guinea
SINN Power is conducting a study to determine how a renewable energy mix of its wave technology, small wind farms, kinematic hydroelectric plants and solar energy can be used to secure a durable and stable power supply in Guinea.
Trump’s FERC Pick Could Tip Balance in Favor of Coal Bailout
U.S. President Donald Trump tapped Energy Department staffer Bernard McNamee to join the nation’s top energy regulator, potentially smoothing the path for a brewing bailout of money-losing coal and nuclear plants.
Iowa Looks to Take the Next Steps on Storage
A $200,000 state grant will finance research into two solar-plus-storage projects aimed at better understanding the state’s energy storage potential.
From the Clean Power Plan to ACE: Why Not Much Has Changed
Has the environment for electricity generation changed dramatically since the Obama administration’s Clean Power Plan began its slow exit from public and regulatory consciousness several months ago? Not really!
How Renewables Lead to a World of Peak Energy
It can be hard to get your head around just how much energy the world uses. Expressed in terms of oil, it was equivalent to almost 14 billion metric tons of the stuff in 2017. That’s like burning through all of Russia’s proved reserves in the space of …
World Bank Offers $1 Billion for Batteries in Emerging Markets
The World Bank Group committed $1 billion to finance battery-storage systems in developing and middle-income countries, and expects its participation to attract another $4 billion in backing from investors as well as public and private funds.
US Production, Consumption of Non-Hydro Renewables Hit Record High in 1H 2018
Non-hydro renewable energy sources (i.e., biofuels, biomass, geothermal, solar, wind) set new U.S. records for both production and consumption in the first half of 2018, according to a SUN DAY Campaign analysis of data just released by the U.S. Energy …
Renewables in UK Energy Mix Hit All-time High
The share of renewables in the UK’s electricity generation hit a record high of 31.7 per cent in the second quarter of 2018, while coal dropped to an all-time low of only 1.6 per cent.