Achieving a 36% share of renewable energy in the global energy mix by 2030 would increase global gross domestic product (GDP) by up to 1.1 per cent, roughly USD 1.3 trillion, according to new analysis by the International Renewable Energy Agency
In Germany, an energy market transition without massive economic disruption
n its “State of Affairs 2015” report, Agora forecasts record low wholesale electricity prices continuing into 2018 at least.
ACCIONA to supply all facilities of the Spanish Ministry of Defense with 100% renewables
ACCIONA Green Energy Developments, the ACCIONA Energía subsidiary that markets energy, has been awarded the high-voltage electric power supply to all the facilities of the Ministry of Defense in Spain. For the first time, these will be supplied by electricity of 100% renewable origin and completely free of greenhouse gas emissions. Under the contract, which was…
Senvion signs order for 62 MW of wind power in the UK
Senvion, one of the world’s biggest wind turbine manufacturers, has signed its first UK contract with renewable-energy consultant, Fred. Olsen Renewables Ltd. As per the agreement, Senvion will supply 30 of its MM series turbines to the Brockloch Rig Wind Farm, located in the hills above Carsphairn Forest, some nine kilometers north of Carsphairn in…
Under current plans, renewables are fastest growing power source in the U.S. to 2025
According to research and consulting firm, GlobalData, non-hydro renewable energy will be the fastest-growing power source in the U.S. over the next decade. Installed capacity is expected to increase from 121.9 gigawatts (GW) in 2015 to 216 GW in 2025, representing a compound annual growth rate (CAGR) of 5.9% between 2015 and 2025. Based on…
New York establishes clean energy mandate for 50% renewables by 2030
Editor’s note: New York Governor Cuomo has taken action on climate change by mandating that 50% of all electricity in the state must come from renewable energy resources by 2030. New York has already taken steps to modernize its energy system through the Reforming the Energy Vision (REV) — a plan for modernizing and building a resilient and affordable…
EDF Energy Renewables to develop Scotland’s biggest onshore wind farm
EDF Energy Renewables (EDF) is taking on the development of the Dorenell Wind Farm, which is one of the largest onshore wind projects planned for construction in Scotland. EDF will develop and build the project, and will work with wind development company Infinergy. The site near Dufftown in Moray was developed by Infinergy and consent for a…
RES acquires System 3 to expand transmission business
Renewable Energy Systems (RES), a global developer and operator of wind, solar, transmission, and energy storage projects across the globe, has substantially acquired all of the assets, personnel, and equipment of System 3 Inc. System 3 is a specialty electrical contractor based in California. The company has deep expertise and experience in constructing substation, transmission line, and…
Spinning Spur 3 wind project reaches commercial operation
EDF Renewable Energy recently announced that the 194-MW Spinning Spur 3 Wind Project located in Texas reached commercial operation three months ahead of schedule. The clean electricity generated from the Spinning Spur 3 Wind Project will be provided to two municipal utilities, Georgetown Utility Systems and Garland Power & Light, under long-term Power Purchase Agreements. The…
California legislature boosts Renewables Portfolio Std to 50%, but balks at increased reductions in greenhouse gas emissions
This article, from Akin Gump Strauss Hauer & Feld LLP, is authored by Dario Frommer, George Cannon, And Edward Zaelke The California Legislature has approved an ambitious plan to boost targets for renewable energy generation and energy efficiency but has rejected proposals to reduce petroleum usage by 50% and to reduce California’s greenhouse gas (GHG)…
GE names Stephan Reimelt as President & CEO of Power Conversion
GE Energy Management President & CEO Mark Begor announced the appointment of Stephan Reimelt as President and CEO of GE’s Power Conversion business. He succeeds Joe Mastrangelo, who will become President and CEO of Power Generation Products for GE Power & Water. Power Conversion is at the heart of generating cleaner and more efficient power…
U.S. electricity from renewables to grow 1.8% in 2015
The total amount of electricity generated by renewable energy sources in the United States will grow 1.8% this year, estimates the U.S. Energy Information Administration (EIA) in a Short-Term Energy Outlook released this summer. According to EIA projections, non-hydropower renewable power generation will increase by 5.5% in 2015, while hydropower will decrease 2% in that…
SgurrEnergy named company of the year at British Renewable Energy Awards
Renewable energy consultancy, SgurrEnergy, were victorious at the British Renewable Energy Awards (BREA) this week, winning the top award category as the ‘Company of the Year’. The accolade recognized the efforts of the business, which has successfully driven the advancement of renewable energy in the UK during the previous year. Technical director, and joint founder…
Great River Energy offers free wind-power upgrade for electric vehicles
Great River Energy and its participating member cooperatives launched Revolt, a first-of-its kind program that allows members to upgrade the electricity used to fuel their vehicles to wind energy at no additional cost. Renewable sources are already part of Great River Energy’s power mix, but the Revolt program provides a more direct connection between wind…
Renewables share of U.S. energy consumption highest since 1930s
Renewable energy accounted for 9.8% of total domestic energy consumption in 2014. This marks the highest renewable energy share since the 1930s, when wood was a much larger contributor to domestic energy supply. Renewable energy use grew an average of 5% per year over 2001-2014 from its most recent low in 2001. The increase over…
Renewables’ driving electric transformer market growth to 2019 at 5.9% CAGR globally
Global Electric Transformer Market 2015-2019 research report says growing significance of renewable power generation will spur growth in the electrical transformer market for next few years with ABB, Alstom SA, General Electric (GE), and Siemens AG featured as key vendors in the industry. Development of next-generation transformers is one of the major trends upcoming in…
Statoil creates new renewable energy division in a group restructure
Offshore wind developer Statoil has changed up their corporate structure and created a new renewable energy division with the intent to grow its low-carbon portfolio. The New Energy Solutions (NES) business area will first focus on the company’s offshore wind portfolio and will eventually expand into other renewables. According to a recent announcement from Statoil, establishing…
Support for renewables is wider than you think
Editor’s note: The following article, by energy lawyer Patricia M. French, shows that the wind industry has support from across the political spectrum. Yet too often, conservatives are mislabeled as anti-renewable energy when just the opposite is true. This should be greeted as good news because wide support will be a valuable commodity for growing…
Japan’s $21-million microgrid investment is boosting renewables’ sector
Japan’s increased focus on smart grid deployment, as part of its plans to boost energy efficiency and power generation from renewable sources, will drive the country to become one of Asia-Pacific’s top markets in smart grid development, says research and consulting firm GlobalData. The company’s latest report states that Japan was among the first countries…
Board approves ISO strategic vision for increasing renewables
The Board of Governors of the California Independent System Operator (ISO) recently approved an update to its 2014-2016 strategic plan by adding a blueprint for dealing with challenges emerging in the energy industry, while further greenifying the grid. The document, “Pursuing a Strategic Vision for a Sustainable Energy Future,” details changes on the horizon of…