One of the world’s largest insurers, Allianz, has announced it will immediately cease insuring single coal-fired power plants and coal mines and further plans to phase out all coal risks by 2040.
Chinese solar PV manufacturing giant JinkoSolar has been confirmed as the world’s leading solar PV module supplier according to new figures released by leading data and analytics firm GlobalData, accounting for nearly 10% of the global market share and shipping 9.70 gigawatts (GW) of PV in 2017.
Danish wind energy giant Vestas announced its first-quarter earnings last week, with slight declines across the board due to strong headwinds and comparisons to an unusually strong first quarter in 2017.
TerraForm Power, formerly the yield-co jewel in the crown of renewable energy darling SunEdison, reported disappointing first-quarter earnings late last month, with lower-than-expected earnings and cash due in part to underperforming renewable energy assets.
Siemens Games Renewable Energy announced its latest quarterly-earnings last week, revealing record onshore order intake and a steady order book, despite the increasing pressure of a contracting and tight-fisted industry that is competing for every dollar earned.
The Climate Action Tracker published new assessments of 23 of the 32 countries it regularly tracks, showing that some countries are taking steps forward, while at the same time, other countries are taking steps backwards, risking significant stranded assets as they continue to thermal coal expansion.
The demand for US wind energy surged through the first quarter of 2018, pushing the country’s wind development pipeline to over 33 gigawatts (GW), according to the American Wind Energy Association, which tracked new announcements of over 5,500 megawatts (MW).
A new report from five international agencies has concluded that the world is not on track to meet 2030 global energy targets set as part of the Sustainable Development Goals, but that “real progress” is being made and helping to show signs of promise, particularly in expanding electricity access in developing countries and increasing industrial energy efficiency.
Leading independent renewable energy developer Mainstream Renewable Power has this week sold the 450 megawatt (MW) Neart na Gaoithe offshore wind farm, located off the east coast of Scotland, to French electric utility EDF Group.
New research from North Carolina State University and the University of Colorado Boulder has shown that declining natural gas prices were primarily responsible for the significant reduction in US coal use for power generation over the past decade, putting to rest (for the moment) the mythical “War on Coal.”
