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Medium-Term Renewable Energy Market Report 2016
The International Energy Agency said today that it was significantly increasing its five-year growth forecast for renewables thanks to strong policy support in key countries and sharp cost reductions. Renewables have surpassed coal last year to become the largest source…
Las Vegas Now Runs Completely on Renewable Energy
From street lights to city parks, community centers and fire stations, all Las Vegas city-run spots are now powered entirely by renewable energy, making it the largest in the U.S. to use such sources. “We are now one of the…
Invest in EU: EUR 438 Million to Support Renewable Energy in Belgium
The European Investment Bank (EIB) will support the construction of the Norther wind farm off the Belgian coast with a loan of EUR 438 million. Half of this amount will be guaranteed under the European Fund for Strategic Investments (EFSI),…
India Predicts It Will Exceed Paris Renewable Energy Target by Half
The Indian government has forecast that it will exceed the renewable energy targets set in Paris last year by nearly half and do so three years ahead of schedule. The prediction, announced this week in a draft 10-year energy blueprint…
Statoil the Winner of US Federal Lease Auction for Wind Area Offshore of New York
Statoil said Dec. 16 that it has been declared the provisional winner of the U.S. government’s wind lease sale of 79,350 acres offshore New York. Statoil will now have the opportunity to explore the potential development of an offshore wind…
OPEC Secretary General Congratulates El-Badri on Platts Award
OPEC Secretary General, HE Mohammad Sanusi Barkindo, has congratulated former OPEC Secretary General, HE Abdalla Salem El-Badri, on recently been honoured at the Platts Global Energy Awards in the ‘Lifetime Achievement’ category. The Secretary General said that El-Badri is an…
Gazprom’s Positions Remaining Stable Amid Changing External Environment
The Gazprom Board of Directors took note of the information about the impacts caused by the events of 2016 on the long-term outlook for the global energy market. It was highlighted that a number of major economic and geopolitical events…