According to a recent analysis by the U.S. Energy Information Administration (EIA), solar and battery storage is expected to dominate new electricity generation capacity for this year. In 2024, there are currently plans to add 62.8 gigawatts of utility-scale electric generating capacity, about 55% higher than the 40.4 gigawatts of capacity added last year. New […]
In 2023, 55 percent of Germany’s power came from renewables — an increase of 6.6 percent, according to energy regulator Bundesnetzagentur, reported Reuters. Europe’s biggest national economy has a goal of 80 percent green energy by 2030. The country plans to get rid of most of its coal, has already ceased relying on nuclear power […]
Multinational energy company Ørsted has stopped development on two offshore wind projects in the U.S., saying impairments related to the projects could be as high as $5.58 billion, reported Reuters. The 2,248-megawatt projects, Ocean Wind 1 and 2, are located in New Jersey. Stock for Danish firm Ørsted, the largest offshore wind developer in the […]
In a renewable energy push before the COP28 climate summit, host country United Arab Emirates (UAE) has opened its first utility-scale wind project. Run by renewables company Masdar, the 103.5-megawatt operation will span four locations and bring power to more than 23,000 homes, according to Masdar, reported Reuters. Sultan Al Jaber, incoming president of COP28, […]
According to the new Net Zero Roadmap from the International Energy Agency (IEA), thanks to record growth in the clean energy sector, it is still possible to limit global warming to 1.5 degrees Celsius above pre-industrial levels. However, the agency said in order to meet that goal, investment in the transition to cleaner energy would […]
Germany is likely to generate enough energy from renewables to meet more than 50% of its energy demand by the end of this year, as the country’s Economy Minister Robert Habeck announced at a conference held by the Heinrich Böll Foundation on Monday. As of 2022, Germany’s solar photovoltaic capacity was at about 67 megawatts, […]
According to a new report from New York State Comptroller Thomas DiNapoli, New York needs to increase its renewable energy capacity by 20 gigawatts by the end of the decade to meet the state goal of 70% electricity from renewable resources by 2030. New York has targeted 70% electricity generation via clean energy sources by […]
Global energy demand will increase next year, and we will need more renewables capacity as fossil fuel-generated power slows — that’s the message from a new International Energy Agency (IEA) Electricity Market Report. Slower economic growth and the global energy crisis are predicted to ease the demand for global electricity this year, but next year […]
Solar and wind projects are on course to make up more than a third of global energy capacity by 2030, according to a report by U.S.-based clean energy nonprofit the Rocky Mountain Institute (RMI). The report said the growth demonstrates that the energy sector will be able to take the necessary steps to meet worldwide […]