According to the new Global Electricity Review 2024 from thinktank Ember, renewable energy now exceeds more than 30 percent of the world’s electricity supply, following a fast rise in solar and wind power. According to Ember’s executive summary of the report, record solar and wind construction in 2023 means “a new era of falling fossil […]
China is both the world leader in renewable energy and coal production, but installed solar and wind capacity are projected to surpass coal in the country for the first time in 2024, industry association China Electricity Council (CEC) said in its annual report, as Mining.com reported. According to the report, by the end of this […]
China is the world leader in renewable energy, including 40 percent of the planet’s entire solar capacity, reported Rystad Energy. The United States comes in second place with 12 percent. Last year, China installed more new solar capacity than the total amount ever installed in any other country, Bloomberg reported. “China’s solar sector is set […]
According to Electricity 2024, a new report from the International Energy Agency (IEA), electricity demand worldwide is expected to accelerate during the next three years, a press release from the IEA said. However, the additional demand is forecast to be covered by clean energy technologies. Nuclear power is on course to reach a record high […]
Utility-scale wind and solar capacity rose by 20 percent in Southeast Asia last year, as the region comprising the Association of Southeast Asian Nations (ASEAN) brought its total capacity to more than 28 gigawatts (GW), according to a new Global Energy Monitor (GEM) report. The increase means the region is in a good position to […]
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 […]