Day: February 4, 2019
HSBC Pension Pledges $329 Million Investment in Green Energy
HSBC Holdings Plc’s pension manager plans to invest 250 million pounds ($329 million) of its pension scheme into renewable energy infrastructure for wind and solar in the U.K., joining around 30 other firms making similar climate change pledges.
IRENA: Egypt Could Meet Up to 53 Percent of Electricity Demand with Renewables
Egypt has the potential to meet up to 53 percent of its electricity from renewable sources by 2030, according to a new report by the International Renewable Energy Agency (IRENA). The Egypt Renewable Energy Outlook, released in Cairo last week in the presence of Egyptian government officials and…
IEA: World Could Install 1.3 TW of Clean Energy by 2023
The world could install more than a trillion watts of renewable power over the next five years, more than the entire current generation capacity of the European Union.
Renewable Hungry Companies need to get on the RTO ASAP
The report by recently rebranded Wind-Solar Alliance points out that more than 100 U.S. corporate buyers —members of the Renewable Energy Buyers Alliance — have set a goal of purchasing 60 GW of new U.S. renewable energy capacity by 2025. So far, since 2013, the companies have procured just over…
Britain's Battery Market Will Grow by $7.9 Billion by 2030
Britain’s power market will need investment of 6 billion pounds ($7.9 billion) between now and 2030 in flexible generation and storage such as batteries to support the transition toward an economy that emits less carbon, a study showed.
IRENA Conducting Survey of Gender and Renewable Energy
The International Renewable Energy Agency is conducting a survey to gather quantitative and qualitative insights into the current status of women’s participation in the renewable energy sector.
Kickstarting the Energy Revolution: How Crowdfunding is Pushing the Renewable Energy Transition
When innovators come up with the idea for the next great technological breakthrough, the first roadblocks to seeing that idea to fruition are typically funding. Among renewable energy inventions, this need is typically filled through wealthy private investors, venture capital firms, or government…
Bolivia looking to finance US$2 billion of hydro, wind projects
Bolivian energy authorities are in the process of identifying about US$2 billion in financing for early stage hydro and wind power generation projects, which total 710 MW and 45 MW, respectively.
U.S. Department of Energy To Bring $40B Cash to POWER-GEN International
After wallowing in limbo for the first part of 2018 awaiting re-authorization, the Loan Program Office (LPO) at the Department of Energy is back in business with about $40 billion burning a hole in its proverbial pocket. Mike Reed, Director and Chief Engineer of the Technical and Project Management…
8 Things You Need to Know About the IPCC 1.5˚C Report
While all countries committed under the Paris Agreement to limit global temperature rise to 1.5˚C-2˚C (2.7-3.6˚ F), major questions remained: How can the world achieve this temperature goal? And what happens if it doesn’t?