Renewable energy transition

Adding green energy to the grid: Philips, HEINEKEN, Nouryon and Signify form first Pan-European consortium for future wind farm

Retrieved on: 
Friday, December 11, 2020

The consortium has committed to contracting renewable electricity from the wind farm for the first 10 years through a virtual PPA.

Key Points: 
  • The consortium has committed to contracting renewable electricity from the wind farm for the first 10 years through a virtual PPA.
  • The electricity will be physically delivered to the Finnish grid while the four consortium partners benefit from the Guarantees of Origin.
  • This provides income stability for the renewable project while guaranteeing clean energy benefits for the corporate buyers.
  • The new wind farm will be realized by Neoen, an independent French producer of renewable energy.

EIB joins Rockefeller Foundation’s call to action to provide sustainable energy for one billion people by 2030

Retrieved on: 
Friday, December 11, 2020

The Rockefeller Foundation and the European Investment Bank today announced the formation of a global coalition aimed at providing sustainable energy for one billion people within this decade.

Key Points: 
  • The Rockefeller Foundation and the European Investment Bank today announced the formation of a global coalition aimed at providing sustainable energy for one billion people within this decade.
  • Today one in ten of the worlds people (800 million) lack access to electricity, including half the population of sub-Saharan Africa.
  • Another 2.8 billion people lack access to electricity that is reliable enough to secure their livelihoods or power modern healthcare facilities and schools.
  • The pandemic has only exacerbated the inequality of global energy access.
  • Our success will empower millions of people to participate in a modern economy, growing economic opportunity for us all.
  • Accelerating high-impact investments to improve access to clean energy is essential to address the climate crisis, fight poverty and improve public health.
  • The EIB is a global leader providing technical and financial support for secure and affordable renewable energy investment.
  • Between 2015 and 2019, the EIB provided more than 62 billion for renewable energy, energy efficiency and electricity grid projects worldwide.

Direct Energy Renewable Services Helps Tractor Supply Company Stores Go Green in Virginia with 100% Renewable Power

Retrieved on: 
Thursday, December 10, 2020

ISELIN, N.J., Dec. 10, 2020 /PRNewswire/ --Today, Direct Energy announced a contract with rural lifestyle retailer Tractor Supply Company to provide 100% renewable energy to more than 30 store facilities in Virginia.

Key Points: 
  • ISELIN, N.J., Dec. 10, 2020 /PRNewswire/ --Today, Direct Energy announced a contract with rural lifestyle retailer Tractor Supply Company to provide 100% renewable energy to more than 30 store facilities in Virginia.
  • "To that end, we are proud to now have all our Virginia locations that are supplied with power from Direct Energy running on 100% renewable energy."
  • Virginia has opened its energy market to allow competitive energy suppliers, like Direct Energy, to offer 100% renewable energy to businesses in the state.
  • "Tractor Supply Company is a wonderful example of a company transitioning their energy management plans to align with their commitment to the environment, and we are so proud to serve their Virginia operations with renewable power," said Dave Grupp, Head of Direct Energy Renewable Services.

ScottMadden’s Latest Energy Industry Update Explores the Future of Offshore Wind Energy

Retrieved on: 
Thursday, December 10, 2020

Offshore wind energy will need to overcome several hurdles to continue its progress in the United States.

Key Points: 
  • Offshore wind energy will need to overcome several hurdles to continue its progress in the United States.
  • The International Energy Agency forecasts offshore wind capacity to grow 15 times more than its current level by 2040.
  • To learn more about the future of offshore wind energy, you can access our latest report here .
  • If you were not able to join our Energy Industry Update webcast , the complimentary recording and presentation are now available.

As Illinois' Renewable Energy Crisis Deepens, Study Shows Path to 100 Legislation Would Create More than 50,000 New Wind and Solar Energy Jobs

Retrieved on: 
Wednesday, December 9, 2020

On December 4th, the Illinois Power Agency announced the close of state renewable energy incentives for residents in central and southern Illinois.

Key Points: 
  • On December 4th, the Illinois Power Agency announced the close of state renewable energy incentives for residents in central and southern Illinois.
  • With funding expected to disappear in northern Illinois in coming days, Illinois' renewable energy program will abruptly end before the end of this year.
  • Senator Bill Cunningham and Representative Will Davis introduced the Path to 100 Act in early 2019 to address Illinois' looming renewable energy crisis.
  • The Path to 100 Act would improve and expand Illinois' existing renewable energy program to allow the state to reach 40% renewable energy by 2030.

Duke Energy Progress customers in North Carolina will see bills go down in December

Retrieved on: 
Thursday, December 3, 2020

Overall, energy costs will decrease 3.9% for residential customers, 3.6% for commercial customers and 2.3% for industrial customers.

Key Points: 
  • Overall, energy costs will decrease 3.9% for residential customers, 3.6% for commercial customers and 2.3% for industrial customers.
  • Duke Energy Progress serves about 1.4 million customers in central and eastern North Carolina and in the Asheville region.
  • Duke Energy Progress customers who need additional assistance can visit the Energy Neighbor Fund websiteto learn how community agencies can help pay energy bills.
  • Duke Energy Progress, a subsidiary of Duke Energy, owns nuclear, coal, natural gas, renewables and hydroelectric generation.

OREAC: 1,400 GW of offshore wind by 2050 achievable with increased government commitment and collaboration

Retrieved on: 
Wednesday, December 2, 2020

The Ocean Renewable Energy Action Coalition (OREAC)'s new report 'The Power of Our Ocean' highlights how 1,400 GW of offshore wind is achievable by 2050.

Key Points: 
  • The Ocean Renewable Energy Action Coalition (OREAC)'s new report 'The Power of Our Ocean' highlights how 1,400 GW of offshore wind is achievable by 2050.
  • The report highlights the need for collaboration between industry, government and key stakeholders to ensure sustainable deployment of offshore wind and other forms of ocean-based renewable energy.
  • LONDON, Dec. 2, 2020 /PRNewswire/ --The Ocean Renewable Energy Action Coalition (OREAC) is calling on governments to ramp up their offshore renewable energy ambition to achieve the coalition's vision of 1,400 GW of offshore wind by 2050.
  • OREAC has published this new report and an Offshore Wind Market Readiness Assessment Toolkit , and is engaging with governments worldwide to support their offshore wind development.

Global Clean Energy Markets, 2020-2027: Minimizing Reliance on Conventional Energy Sources Gaining Momentum

Retrieved on: 
Monday, November 30, 2020

Clean energy is an essential segment in the European Union's (EU) energy system.

Key Points: 
  • Clean energy is an essential segment in the European Union's (EU) energy system.
  • Demand for clean energy solutions is growing across Europe owing to increasing adoption of technology-based solutions among businesses.
  • The share of clean energy consumption in gross energy consumption rose to 18% in 2018 from 8.5% in 2004.
  • By 2024, this would avail a total of 277.77 gigawatts of clean energy, 23.1% increase than that in 2018.

Impact of COVID-19 on the Energy Management System Global Market to 2025 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, November 25, 2020

What are the expected outlook and estimated revenue of different types of energy management systems, namely, industrial energy management system, building energy management system, and home energy management system, for the period 2019-2025?

Key Points: 
  • What are the expected outlook and estimated revenue of different types of energy management systems, namely, industrial energy management system, building energy management system, and home energy management system, for the period 2019-2025?
  • What will be the impact of COVID-19 on the market size, market forecast, CAGR, and market dynamics of the global energy management system market across different market segmentations?
  • Which type of players and stakeholders operate in the market ecosystem of the energy management system, and what are their impacts on the dynamics of the global energy management system market?
  • Which companies have achieved higher market coverage compared to their market potential in the global energy management system market?

New CER report shows that policy and technology change will be key drivers of Canada's energy transition

Retrieved on: 
Tuesday, November 24, 2020

Canada's Energy Future 2020: Energy Supply and Demand Projections to 2050 explores how new technologies and climate policy will impact Canadian energy consumption and production trends over the next 30 years.

Key Points: 
  • Canada's Energy Future 2020: Energy Supply and Demand Projections to 2050 explores how new technologies and climate policy will impact Canadian energy consumption and production trends over the next 30 years.
  • The outlook considers two scenarios with different rates of technological and government policy change: the Evolving Energy System Scenario and the Reference Energy System Scenario.
  • Canada's Energy Future series provides Canadians with a key reference point for discussing our country's energy future and identifies key drivers of change that will impact Canada's energy transition."
  • "Canada's Energy Future 2020 marks an important inflection point, as Canada's energy system is being shaped by COVID19 and ongoing innovations in energy technology and climate policy.