Energy
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…
Nepal, Bangladesh Agree to Build More Than 1,600 MW of Pumped-Storage Hydropower
The governments of Nepal and Bangladesh have signed an agreement to build two pumped-storage hydropower plants with a total capacity of more than 1,600 MW in Nepal, according to the Kathmandu Post. The agreement was signed Oct. 16 by Nepal…
More Northeast Natural Gas Pipeline Capacity Brings Questions
Led by the surge in Appalachia’s Marcellus and Utica plays, U.S. natural gas production has increased over 50% since 2005 and related infrastructure to move the gas has become short. This is really not just an issue for the U.S.…
World Bank Ups Its 2017 Oil Price Forecast To $55
The World Bank has just upped its oil price forecast for 2017, saying it now expects average prices to be US$55 a barrel over the next year. That’s US$2 more than its earlier forecast, which is a reflection that at…
Renewable Energy World Announces Finalists, Honorable Mentions for 2016 Project of the Year Awards
PennWell Corporation and Renewable Energy World are pleased to announce our 2016 Renewable Energy Project of the Year Finalists. Projects are nominated by the industry and finalists are selected by a committee of editors from PennWell Corporation. The first finalist…
This Massive Farm Grows 15% of Australia’s Tomatoes without Soil, Fresh Water or Fossil Fuels
Did you know there is a way to grow tons of fresh fruits and vegetables with saltwater and solar energy? The good people at SunDrop Farms are doing just that with their Australian operation, where they grow 15 percent of…