Renewables and Efficiency

The world is far from reaching its offshore wind capacity installation targets amid rising costs and canceled lease sales, analysts and government and industry representatives have told Reuters. Last year, governments set a goal to triple overall renewable energy capacity by 2030. Currently, the world is off track to reach …

One of the complaints when it comes to solar power is that you usually have to link it to batteries. Even in areas with plenty of sun, you cannot have sunlight 24/7 all year round. At least, not on Earth. In space, however, you can. For decades, people have been …

China recently unveiled what it says is the largest and most powerful floating offshore wind turbine in the world. The reason this is being viewed as a substantial claim is that the country is now announcing record breaking floating wind turbine technology in the one major area of renewable energy …

Masdar, the clean energy giant of the United Arab Emirates (UAE), has pushed back its target to reach 1 million tons per year of green hydrogen capacity beyond 2030, the company’s press office told Bloomberg on Monday. Masdar, which initially targeted this capacity by 2030, will now aim to reach …

Turkey will need $108 billion of public and private investment as it aims to quadruple its wind and solar energy power capacity to 120,000 MW by 2035, Energy Minister Alparslan Bayraktar said on Oct. 21. Speaking at an event to announce Turkey’s roadmap in the field of renewable energy, Bayraktar …

Moderating inflation and reduced market volatility compared to 2022 and 2023 resulted in lower prices for renewable electricity in power purchase agreements across Europe. During the third quarter of 2024, power purchase agreements (PPAs) for electricity sourced from renewable energy showed a 12.4% decline in price, compared to the same …

Despite the surge in renewable energy additions, the world is not yet on track to reach the goal of tripling renewables capacity by 2030, according to the Renewables 2024 report published by the International Energy Agency (IEA) on Wednesday. Global renewable capacity is expected to grow by 2.7 times by …

The global pipeline of floating offshore wind projects has hit 266GW, an increase of 9% over the past year, according to a new report by RenewableUK. The number of projects has increased globally during that time from 285 to 316. The pipeline includes projects at any stage: fully operational, under …

Europe has experienced negative energy prices several times this year, as the rapid pace of development of solar and wind energy outpaces the region’s ability to cope with excess supply. Electricity prices dropped into negative figures for 7,841 hours during the first eight months of 2024, sometimes to as much …

The U.S. is seeing record solar energy capacity growth each year, thanks to greater public and private investment in the sector. The already rapidly growing solar industry boomed following the introduction of the Inflation Reduction Act (IRA) and other favourable policies. This growth is expected to continue, with several large-scale …