Energy
Bill Gates and EU Launch €100m Clean Energy Investment Fund
A new €100 million (£88m) clean energy investment fund has been launched by a fund led by Bill Gates, the European Commission and European Investment Bank (EIB). Initially announced in October last year, Breakthrough Energy Ventures Europe (BEV-E) will support…
Most Technologies and Sectors ‘Not Keeping Pace with Long-Term Energy Goals’
Most technologies and sectors are not keeping pace with the long-term goals of the clean energy transition. That’s according to the International Energy Agency (IEA), which suggests many types of energy asset are not adequately working towards its Sustainable Development…
Clean Energy Transition ‘Will Be Harder and Costlier Without Nuclear’
The transition to a clean energy economy will be much harder and more costly without nuclear power. That’s according to a new report from the International Energy Agency (IEA), which suggests four billion tonnes of additional carbon emissions could be…
India Invests More in Solar Than Coal for First Time
India invested more money in solar energy than coal-fired generation for the first time ever last year. That’s according to a new report from the International Energy Agency (IEA), which also highlights how the country’s total investments in clean electricity…
Microsoft Inks PPA for Dutch Offshore Wind Energy
Microsoft has signed a new deal to buy electricity from a 713.5MW offshore wind farm in the Netherlands. It is purchasing 90MW of power from the Borssele III/IV wind farm under a power purchase agreement (PPA) with Dutch developer Eneco.…
US to Become World’s Largest Market for Grid-Connected Energy Storage
The US is projected to take over South Korea as the world’s largest market for grid-connected energy storage this year. That’s according to new research, which suggests solar combined with battery storage as well as peaking capacity requirements are driving…
Glasgow Aims to Become UK’s First Net-Zero Emissions City
Glasgow has announced its goal to become the first net-zero carbon emissions city in the UK. Big Six energy supplier ScottishPower is to help the city council achieve its target of net zero emissions “well before” 2045, working in collaboration…