electricity
Global Corporations Buy Record 7.2GW of Clean Energy So Far This Year
So far this year, global corporations have purchased 7.2GW of clean energy. New statistics released by Bloomberg New Energy Finance (BNEF) show this has already surpassed last year’s record of 5.4GW. Around 60% of 2018’s renewable procurement to date has…
Croatian Firm Lent €130m for Efficient Heat and Power Units
A Croatian energy company has been granted loans totalling €130 million (£116m) for new electricity and heat co-generation units. HEP will replace outdated oil and gas-fired turbines and boilers with modern, efficient and environmentally friendly systems in the capital city…
New York Announces ‘Energy Storage Roadmap’ to Hit Low Carbon Goals
New York Governor Andrew M. Cuomo has announced an ‘Energy Storage Roadmap’ to guide the state toward its energy storage target of 1.5GW by 2025. This figure is equivalent to the electricity demand of a fifth of the state’s homes…
First Utility-Scale Project on Tribal Lands to Power 100,000 Homes
First Solar held a commissioning event last week on a 250-megawatt solar facility on the Moapa River Indian Reservation. This is the first utility-scale solar project on tribal lands. Morgan Stanley put together this cool video on the project as…
Installation of PV Modules Begins on El Salvador’s Largest Solar Project
The Providencia solar project by French developer Neoen is divided into two blocks, a 76 MW plant which was awarded in an auction and a block of 25 MW which will provide electricity to distributors under the framework of private…
Average Costs for Solar and Wind Electricity Could Fall 59% by 2025
Abu Dhabi, U.A.E., 15 June 2016 – The average costs for electricity generated by solar and wind technologies could decrease by between 26 and 59 per cent by 2025, according to a report released today by the International Renewable Energy…
Germany Just Produced So Much Renewable Energy That It Had To Pay People To Use It
Electricity bills are often ludicrously high thanks to our energy-intensive modern world, but every now and then, thanks to the forces of nature, a metaphorical miracle takes place. As reported by Quartz, Germany just experienced such a phenomenon when a…