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Encouraging Results from ABB’s Hybrid Renewable Microgrids
Low-carbon microgrids have assumed a place in the strategic agendas of some of the world’s largest power and industrial engineering corporations. That includes Swedish-Swiss ABB, whose roots in the now fast moving microgrid market segment date back some 25 to…
Dong Energy Considers Sale of Oil and Gas Assets to Focus on Windfarms
The biggest windfarm operator in the UK is considering selling its oil and gas business, four decades after it was set up to manage Denmark’s North Sea oilfields. Dong Energy, which is majority owned by the Danish government, said it…
Western Australia Must Embrace Dawn of Renewable Energy Era or Risk Being Left Behind
Last year the world’s governments finally got their act together on climate change, agreeing to limit global warming to well under two degrees. To meet this commitment, we need a rapid global transition to net zero greenhouse gas emissions. The…
World Bank Approves $1.8 Million Grant to Boost Chilean Geothermal Market
The World Bank Board has approved a US$1.8 million Clean Technology Fund grant to strengthen the Chilean Ministry of Energy’s capacity to further develop the country’s geothermal sector and improve its energy security. The grant will contribute to Chile’s Energy…
Victorian Government to Boost Solar Energy Tariffs from July 2017
Victorians with solar panels will be compensated for reducing greenhouse gas emissions in a planned reward scheme set to increase power costs for other households. Tens of thousands of rooftop solar homes on minimum feed-in tariffs will reap more generous…
Oil Prices Drop as Concerns over Global Fuel Glut Re-emerge
Oil prices fell more than a percent on Wednesday as a report showing a surge in U.S. crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut re-ignited concerns about a global supply glut. Brent…
Renewables Overtake Coal as World’s Largest Source of Electricity Capacity
According to the International Energy Agency (IEA), total clean power capacity increased by 153 gigawatts, overtaking coal for the first time. “We are witnessing a transformation of global power markets led by renewables and, as is the case with other…