Renewables and Efficiency

Costs for renewables continued to fall in 2021 as supply chain challenges and rising commodity prices have yet to show their full impact on project costs. The cost of electricity from onshore wind fell by 15%, offshore wind by 13% and solar PV by 13% compared to 2020. Renewable Power …

Independent clean energy producer Rezolv Energy has acquired the rights to build and operate a 1,044 Megawatt solar photovoltaic plant in western Romania, which, if constructed, is expected to become Europe’s largest solar PV plant. Rezolv Energy, which acquired the rights from the Monsson Group, is investing in around 1.6 …

China’s installed capacity of renewable energy registered rapid growth in the first nine months of the year amid the country’s pursuit of green development. In the January-September period, the installed capacity of wind power increased 16.9 percent year on year to around 350 million kilowatts, while the installed capacity of …

The Chinese city of Chaozhou in Guangdong has plans to begin construction on its massive 43.3 GW offshore wind farm within the space of a few years, according to the city’s most recent five-year plan. The location of the wind farm is ideal, with winds strong enough to run the …

Record power generation from solar and wind helped the European Union save $10.75 billion (11 billion euros) on natural gas imports since the Russian invasion of Ukraine, a new study by environmental think tanks E3G and Ember finds. Wind and solar energy sources accounted for a record 24% of EU …

Every year it seems that renewable energy companies are looking to produce bigger, more innovative wind turbines than ever before. As governments and private firms pump funding into research and development in renewable energy, operations are becoming more efficient, lower cost, and easier to scale. With Danish firm Vestas once …

Abu Dhabi Future Energy Company – Masdar – and Germany’s RWE Renewables, two of the world’s leading renewable energy companies, announced today they have signed a Memorandum of Understanding (MoU) to explore collaboration on developing offshore wind projects in a range of key markets. Under the terms of the MoU, …

Strong activity in China pushed global wind turbine order intake to 43 gigawatts in quarter two of 2022, according to new analysis from Wood Mackenzie. The high number of orders marks a new record, and up 36 percent from year-ago levels. This equates to an estimated $18.1 billion. According to …

As the world rapidly invests in renewables, in a bid to transition away from fossil fuels to a greener future, companies and governments are not just funding projects at home but also abroad. Several companies around the globe have highlighted India as a key market for their renewable energy investment, …

German Chancellor Olaf Scholz insisted Tuesday that his country was well-prepared to tackle a possible energy shortage due to Russia’s squeeze on European gas supplies, as fears grow about the rising prices that will hit consumers across the continent this winter. Speaking at the start of a two-day government retreat, …