More than 348GW of new capacity are forecast to be installed by 2024, according to a new report
The post Wind energy industry ‘set for continued growth in the next five years’ despite Covid-19 appeared first on Energy Live News.
Coronavirus
Iberdola profits soar to €2.68bn in first 9 months of 2020
The energy giant’s growth has been supported by an increase in installed renewable capacity
The post Iberdola profits climb to €2.68bn in first nine months of 2020 appeared first on Energy Live News.
Solar energy could be world’s leader of electricity markets
That’s the call from the International Energy Agency, which suggests the coronavirus crisis will reshape the future of energy forever
The post Solar energy could emerge as ‘new king of the world’s electricity markets’ appeared first on Energy Live News.
UN’s WFP wins Nobel Peace Prize
The Nobel Prize Committee awarded the organisation for its dedication to its goals during the coronavirus pandemic
The post UN’s World Food Programme wins Nobel Peace Prize appeared first on Energy Live News.
Renewables opportunities after COVID-19 future snapshot
Renewables opportunities after COVID-19 future snapshot: The latest report from SmartestEnergy picks up where their Annual Energy Entrepreneurs report series left off, discovering that despite dwindling subsidy-support and construction delays caused by COVID-19, independent generation continued to deploy 75.4MW of capacity in 2020. According to the report, the future remains positive for independent renewables deployment,…
Read MoreUp to 9,000 jobs cut by Shell by end of 2022
Up to 9,000 jobs cut by Shell by end of 2022: A jobs cut of between 7,000 and 9,000 has been announced by Royal Dutch Shell by the end of 2022, as a result of the challenges brought about by the coronavirus pandemic. The oil giant said that this forms part of plans to reduce…
Read MoreQ220 energy switching rates fall again
Q220 energy switching rates fall again: In the second quarter of 2020 the number of customers switching energy supplier has continued to fall. Ofgem’s latest figures state, which suggest electricity transfers decreased between the second quarter of 2019 and the second quarter of 2020 by 13.1%. Compared to 1,531,000 in the same quarter of 2019,…
Read MoreThe ROC market risks being oversupplied
The ROC (Renewables Obligation Certificate) market risks being oversupplied: Forecasts from Cornwall Insight highlight the Renewable Obligation Certificates (ROCs) supply and demand gap will be narrower in the 2020-21 compliance period than in previous years, due to lower overall electricity demand expectations. In fact, there is a material risk of ROCs being oversupplied should certain…
Read More‘Race to win’ against climate change call
‘Race to win’ against climate change call: 300 GB Olympians and Paralympians, including 37 Olympic and Paralympic Champions are supporting a letter that has been sent to Prime Minister Boris Johnson, urging him in the recovery from the coronavirus pandemic to prioritise the environment. Sir Steve Redgrave, Sir Mo Farah and Paula Radcliffe are among…
Read MorePrince Charles says ‘climate crisis could dwarf coronavirus’
Prince Charles says ‘climate crisis could dwarf coronavirus’: The climate crisis could ‘dwarf’ the impact of the coronavirus pandemic warns Prince Charles, if there is no ‘immediate action’ and a ‘Marshall Plan’ is not implemented to protect nature, people and the planet. HRH the Prince of Wales whilst delivering an address at the opening ceremony…
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