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Energy
Major Global Utilities Announce Joint Intent to Scale Renewable Capacity by 2.5 times to 2030
The Utilities for Net Zero Alliance (UNEZA) adopted the UNEZA Roadmap to 2030, which targets a total increase of renewable energy capacity within their portfolios to 749GW by 2030*, an increase of 2.5 times relative to 2023. Alliance members’ joint…
New report unveils investment opportunities for solar in Oman
SolarPower Europe, supported by the Global Solar Council (GSC), and the Middle East Solar Industry Association (MESIA), launches its report on solar investment opportunities in Oman. The report, called “Oman: Solar investment opportunities”, is a new publication that offers key…
What is the Sun Tax and Why Some Countries “Punish” Their Prosumers?
There should be no obstacles for those who want to invest in renewable energy sources on the way to decarbonization of the energy sector. And yet, by introducing the so-called “sun tax”, certain countries discourage their current and future consumers…
Transition to Renewables Calls for New Approach to Energy Security
The transition away from fossil fuels to renewables requires a new interpretation of the concept of energy security, according to a new report by the International Renewable Energy Agency (IRENA) published today. Geopolitics of the energy transition: Energy security outlines…
Oil Demand Growing at a Slower Pace as Post-Covid Rebound Runs its Course
Global oil demand growoilth is currently in the midst of a slowdown and is expected to ease to 1.2 million barrels a day (mb/d) this year and 1.1 mb/d in 2025 – bringing a peak in consumption into view this…
Growing Number of Floating Solar Power Plants in Asia
Indonesia recently got the prototype of a marine floating solar power plant, writes Offshore Energy. The project called Solar2Wave is a milestone in developing solar energy in Indonesia, which has successfully overcome previous obstacles such as uncontrolled waves, bad weather…
German Onshore Wind Sees Record Auction Volumes, Permitting Improvements and Crucial New Port Investments
German onshore wind is going from strength to strength. In a blockbuster announcement the German Federal Network Agency Bundesnetzagentur (BNetzA) has just raised the onshore wind auction volumes for 2024 to almost 15 GW. To put this in perspective, that’s…