The African Development Bank has this week secured $52.5 million in funding from the Green Climate Fund for Zambia’s Renewable Energy Financing Framework which will seek to finance 100 megawatts (MW) of renewable energy.
New analysis from British electrical power generation company Drax has revealed that the country generated 96 terawatt-hours of renewable electricity in 2017, enough power to supply the entire country — if the country in question were Britain in 1958.
The ambitious renewable energy-focused power retailer Powershop Australia has signed a huge deal for the output of a 200MW solar farm and two big wind farms, after being “stunned” by the low prices offered after it went to the market for proposals last year.
Renewable energy deployment grew at a near-record pace in 2017, increasing by 14% to account for 18% of total US electricity generation, double its contribution a decade ago, and bringing it hot on the heels of the nation’s nuclear energy fleet, according to Bloomberg New Energy Finance’s new Sustainable Energy in America Factbook 2018.
Tesla’s rocket problem is that Elon Musk’s companies are simply great with challenging stuff, but challenged greatly by simple stuff. Well, that may be a bit too cliche — his companies are also good at simple stuff — but the little details can often jam up otherwise world-changing plans.
Last August, Mark Jacobson, a renewable energy expert and senior fellow at the Precourt Institute for Energy at Stanford University, was the leader of a study that identified how 139 countries around the world could obtain 100% of their energy from renewable sources by 2050. But that study got some pushback from people who questioned its assumptions. The naysayers said the study relied too heavily on energy storage solutions such as adding turbines to existing hydroelectric dams or storing excess energy in water, ice, and underground rocks.
Swedish power company and one of Europe’s major electricity and heat retailers, Vattenfall, reported an annual profit for the first time in five years of SEK9.57 billion (€970 million), thanks in large part to new wind energy capacity additions completed in 2017.
For the fourth year in a row, new US electricity capacity from renewable energy sources surpassed those from natural gas, and accounted for half of all new capacity additions, according to recent figures published by the country’s Federal Energy Regulatory Commission.
Last month, Brazil announced its intention to begin the process of becoming a full Member of the International Renewable Energy Agency, and this month the Agency has welcomed Brazil’s intentions, saying the decision “reflects the country’s strong commitment to multilateralism and sustainable energy.”
The US Energy Information Administration has this week predicted that electricity generated from wind energy will surpass that from hydroelectricity, the previously-dominant renewable energy source in the US.
