Energy
Traders Bet their Oil Storage Assets that OPEC Cuts Will Work
The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are betting it can by selling stakes in storage tank businesses that profited from oversupply. Since January, Glencore, Vitol and Gunvor…
EU on Track to Meet 2020 Renewable Energy Targets
The European Union (EU) is on track to meet its target of sourcing 20 per cent of its energy from renewables by 2020, according to a new report. The European Environment Agency’s new report “Renewable energy in Europe 2017: recent…
Japan on Track to Reach 35% Renewables by 2030
With strong policy leadership, Japan can reach a 35 per cent renewable power share by 2030 – according to a new report. The report “Japan: Greater Energy Security Through Renewables: Electricity Transformation in a Post-Nuclear Economy” released by the Institute…
Survey: Renewable Energy Ranks as One of the Most Disruptive Forces in Global Energy
Renewable energy and energy efficiency programmes are top priorities for energy executives around the world, as the world presses ahead with efforts to decarbonise energy systems, according to the latest World Energy Issues Monitor from the World Energy Council (WEC).…
Upsolar Charts Course to Bring Floating Solar to European Waters
Buoyant solar panels floating on the surface of lakes and reservoirs could soon become a common sight across Europe, if one PV manufacturer has its way. Hong Kong-based PV manufacturer Upsolar two days ago announced plans to bring its floating…
BT Inks £185m Wind Power Deal
Two major new corporate renewable energy deals have been inked this week, with BT signing a £185m contract with a Scottish wind farm and building materials specialist Wienerberger agreeing to purchase power from DONG Energy’s offshore wind farms. BT announced…
Scotland and California Pledge Closer Ties on Climate Change and Wind Power
The governments of Scotland and California have signed a joint agreement committing the two administrations to share best practice on reducing greenhouse gas emissions and tackling climate change. Scotland’s First Minister Nicola Sturgeon visited Governor of California Jerry Brown in…