British oil and gas multinational BP Plc (NYSE:BP) has announced plans to sell its onshore wind business in the U.S., saying the business is not aligned with its growth plans as it seeks to focus on its Lightsource BP solar partnership. The company says it will launch the sale process …
Read More »Banks Pledge $386 Billion to Support India’s Renewable Energy Industry
Financial institutions have pledged a total of $386 billion in investment commitments to help India boost its renewable energy industry, Renewables Energy Minister Pralhad Joshi said on Monday. India targets to have 500 gigawatts (GW) of renewables capacity installed by 2030, compared to around 153 GW capacity now. The country …
Read More »Azerbaijan’s Renewable Energy Surge: 20 Years of Growth
Analysis of data from the State Statistics Committee, the Ministry of Energy, and the State Agency for Renewable Energy Sources, as compiled by the Media Analysis Center (MTM), reveals significant growth in Azerbaijan’s renewable energy sector, Azernews reports. Since President Ilham Aliyev’s announcement of the “National Program for Renewable Energy …
Read More »Singapore Looks to Build First-of-Its-Kind Renewable Energy Farm in Waters around Raffles Lighthouse
A renewable energy farm could be built in the waters around Raffles Lighthouse, with a feasibility study expected to begin in the fourth quarter of this year. The Maritime and Port Authority of Singapore (MPA) told CNA that it has earmarked 30ha around the island and is looking into installing …
Read More »The Rise of Renewable Energy has Made Cybersecurity more Critical than ever
The world is rapidly ramping up its renewable energy capacity in line with ambitious climate pledges. While this is great for the planet, the accelerated transition to green brings new challenges. Many sectoral experts are now concerned about what the rise in electricity use from renewable sources could mean for …
Read More »China Hits Historic Renewables Tipping Point as Wind and Solar Eclipse Coal
China’s energy transition has hit a historic milestone as its collective wind and solar power capacity exceeds coal-fired generation for the first time, according to new data. Wind and solar energy last month collectively eclipsed coal in capacity, according to latest data from China’s National Energy Administration, analyst group Rystad …
Read More »EU’s Wind and Solar Power Generation Tops Fossil Fuels in H1
Wind and solar power generation overtook fossil fuel electricity in the EU in the first half of 2024, for the first time, clean energy think tank said in a new report. Between January and June, the share of wind and solar in the EU’s power mix was 30%, compared to …
Read More »U.S. Boosts Natural Gas Power as Wind Output Slumps to 33-Month Low
U.S. natural gas-fired power generation jumped this week amid the lowest wind power output in 33 months seen on Monday while demand for cooling is rising in the summer. On July 22, wind power output in the Lower 48 states was at its lowest level in the country since October …
Read More »Could the UK’s Crown Estate Shake-up Accelerate Offshore Wind Investment?
King Charles announced no fewer than 40 government bills in his traditional speech to mark the State Opening of Parliament. From establishing a new wealth fund, to charging VAT on private schools, to radical changes to the planning process, the King’s Speech was heavy on big, headline-grabbing policies that will …
Read More »China’s Dominance in Renewable Energy Expansion Continues
China has long dominated the renewable energy space, as the government has been investing in ramping up the country’s green energy capacity for several decades. It is already the biggest solar and wind producer, as well as the biggest lithium miner, in the world, and its expansion plans show no …
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