Great Britain posted its lowest ever share of fossil fuels this past third quarter, according to a new report from UK-based energy analysts EnAppSys, accounting for only 41% of total generation.
BP CEO Bob Dudley, in his keynote speech given as the “Petroleum Executive of the Year” on Wednesday, raised his concerns with the global divestment and disclosure movements that have risen up around the fossil fuel industry, saying that they “could lead to bad outcomes.”
Israel-based smart energy and inverter company SolarEdge announced on Thursday its intention to acquire battery manufacturer Kokam in a deal expected to be worth approximately $88 million.
Growth in Japan’s solar power sector is predicted to slow over the coming decade, according to a new analysis from the Fitch Group, but not before the industry adds 17 gigawatts (GW) worth of new solar capacity between the end of 2017 and the end of 2020.
The Hawaiian Electric Company and its subsidiaries are in contract negotiations with developers to add a potential 260 megawatts (MW) worth of solar and over 1 gigawatt-hour (GWh) of storage in what would be the largest infusion of renewable energy capacity in Hawai’i’s history.
According to a new report from the International Renewable Energy Agency, Egypt has the potential to generate 53% of its electricity from renewable energy sources by 2030 and could reduce its energy bill by up to $900 million annually.
Two-fifths of China’s coal power plants are losing money according to a new “revolutionary” satellite-based methodology designed to assess climate risk from fossil fuel plants launched this week by Carbon Tracker, which also showed that plant owners could save nearly $390 billion by closing plants in line with the Paris Climate Agreement.
Australian banking giant Macquarie Group has joined a consortium of renewable energy leaders including Intercontinental Energy, Vestas, and CWP Energy Asia in investing in the Asian Renewable Energy Hub, a wind and solar hybrid power plant set to be built in Australia’s northwest which has been expanded once again to over 11 gigawatts (GW) in planned capacity.
Danish offshore wind energy giant Ørsted has entered into an agreement to acquire the Rhode Island-based offshore wind developer behind the 30 megawatt (MW) Block Island offshore wind farm, Deepwater Wind, in a move set to be worth $510 million and which will result in the creation of a US offshore wind platform.
Leaders of small island developing states met at the end of September on the sidelines of the United Nations General Assembly to launch a new initiative focused on accelerating the energy transformation in these states, strengthening climate resilience, and boosting sustainable development goals.
