Germany’s small and medium-sized companies are increasingly turning to solar power to cover their electricity consumption as energy prices in Europe’s biggest economy haven’t dropped much despite the fall in natural gas prices compared to the peak energy crisis. “As electricity prices in Germany show no signs of decreasing as …
Read More »Egypt’s $10 Billion Wind Farm Set to Break Ground in 2026
Construction of one of the world’s biggest wind farms in Egypt will begin by March 2026, a company involved said, as grueling power cuts during a broiling summer highlight the North African nation’s energy needs. The onshore megaproject that will cost more than $10 billion will begin generating electricity in …
Read More »Africa to Get only 2% of Global Clean Energy Investment
Global investment in renewables including electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps will clock in at $2 trillion in the current year, twice the amount that will go into fossil fuels, the International Energy Agency has projected. This marks the second consecutive year when …
Read More »Australia Urged to Boost Renewable Investment to Meet Clean Energy Target
Investment in renewable energy projects in Australia rebounded in the first quarter of 2024 from the 2023 lows, but the country needs to further boost its annual investments to meet the government’s 2030 clean energy target, industry body Clean Energy Council said in a report on Friday. The association’s Renewable …
Read More »IEA: The World will Struggle to Triple its Renewable Energy Capacity by 2030
The world is still off track to reach a key goal set at the COP28 climate summit last year—tripling renewables capacity by 2030, the International Energy Agency (IEA) said in a report on Tuesday. At the COP28 climate summit in Dubai at the end of 2023, nearly 200 countries made …
Read More »Active Coal Mines might be Key to the Renewable Revolution
Huge upticks in renewable energy capacity installations around the world are causing demand for key rare earth elements to skyrocket. While these materials aren’t as geologically rare as their name might suggest, their production is limited as a finite number of already developed supply chains struggle to keep up with …
Read More »Soaring Solar Power is Creating Challenges for the U.S. Energy Grid
No other energy source has seen more rapid growth in the United States over the past half a decade than solar power. But soaring solar installations have begun to distort the power distribution and transmission systems in the top solar-producing states such as California, creating challenges for utilities and the …
Read More »Bitcoin Miners Make Shift to Renewable Energy
Bitcoin has dominated the news cycle lately, from the recent halving to the 30-plus banks starting their own Bitcoin ETF. Crypto miners have also made the news, buying up local real estate and old industrial buildings across America, from Texas to New York, transforming old forgotten real estate into huge …
Read More »Europe Needs to Address Intermittent Renewables Generation
While solar and wind power installations and power generation are booming in Europe, policymakers need to address the growing gap between baseload capacity and soaring intermittent renewable electricity. Europe still has a lot of work to do in providing flexible and reliable grids to handle the soaring share of renewables …
Read More »New Tech could Make Solar Panels more Efficient
University of Ottawa researchers have now devised a smart approach to optimize solar energy effectiveness. Their innovative method includes incorporating artificial ground reflectors, a simple yet powerful enhancement. The study “Artificial Ground Reflector Size and Position Effects on Energy Yield and Economics of Single Axis Tracked Bifacial Photovoltaics” was published …
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