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Transforming the Power Sector, at IRENA Ministerial Meeting
Renewable energy, for three years running, has accounted for more new power generation capacity installed worldwide than all other sources combined. In 2015, over USD 270 billion were invested in solar PV and wind power, boosting capacity by 47 GW…
Tesla’s New Powerpack Battery Storage Project in Southern California Is the Largest on Earth
Mira Loma, California — Tesla cut the ribbon on a massive battery storage facility in the Southern California desert, 60 miles east of Los Angeles on Monday. The Powerpack project, a joint venture with local electricity provider, Southern California Edison…
Hangzhou Fengling Finishes 200 MW Solar-Aquaculture Project
The developer connected the massive installation to the grid earlier this month in eastern China, roughly 150 kilometres south of Shanghai. The panels were mounted on piles above the surface of the Changhe and Zhouxiang reservoirs in Cixi, Zhejiang province.…
Offshore Wind Energy in U.K. Far Ahead of Lower-Cost Target
The winds of change are blowing harder in the U.K. The price of energy generated by offshore wind farms has been falling steadily, and ahead of schedule too. Costs have fallen 32 percent since 2012, bringing them below a target…
Siemens Unleashes 8MW Giant
Siemens has installed and commissioned its new 8MW offshore wind turbine at the Østerild test site in Denmark. The installation went “according to plan” the German manufacturing giant said and the hardware will now enter the final development phase. A…
Coal Demand Growth to Stall as Appetite Wanes, According to IEA
BEIJING — Growth in global coal demand will stall over the next five years as the appetite for the fuel wanes and other energy sources gain ground, according to the latest coal forecast from the International Energy Agency. The share…
First Agreements Signed for Uranium Mining Legacy Fund
The EBRD’s latest nuclear safety fund is making progress. Framework agreements have been signed with the Kyrgyz Republic and Tajikistan which will provide the legal basis for implementation of projects in these countries. The purpose of the “Environmental Remediation Account…