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Cornwall Insight Green Certificates survey: REGO rising

Cornwall Insight Green Certificates survey: REGO rising

Cornwall Insight Green Certificates survey: REGO rising: Renewable Energy Guarantees of Origin (REGOs) have recovered slightly from the fall that occurred due to COVID-19, according to the latest results from Cornwall Insight’s Green Certificates survey. In fact, the survey has seen a 15% and 14% rise in reported average REGO values for Fuel Mix Disclosure…
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US energy usage drops to lowest in 30 years

US energy usage drops to lowest in 30 years: The United States most important power use plummeted by 7.8% in 2020, the biggest year-on-year decline in power consumption in at least 30 years. Power demand from the transportation sector fell hardest another report by BloombergNEF and Sustainable energy found, slipping 14.4% as Americans drove and…
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Australian renewables

Australian renewables see wholesale buck January trends

Australian renewables see wholesale buck January trends: In Australia, the month of January normally sees a spike in the average wholesale price. However, according to research from Cornwall Insight Australia, January bucked this historical trend with the price trending lower in the first month of 2021 across all states, building on the low-price outcomes in…
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Global solar needs to climb in 2021 by 30%

Global solar needs to climb in 2021 by 30%: The global demand for solar installations is set to climb by 30% in 2021 as stated in new reported. That’s as reported by the IHS Markit new report, which advises the sector this year will be seeing a record amount for solar set ups fuelled by…
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Renewables pass fossil fuels as EU main power source

Renewables pass fossil fuels as EU main power source: Renewables passed fossil fuels & was Europe’s main source of electricity for the 1st time in 2020. The nonpartisan climate & energy think tank Ember has written a recent report, that discovers renewable energy sources produced about 38% of the European electricity blend last year, an…
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Wind power shut off & wasted in 2020

Wind power shut off & wasted in 2020: Plenty of wind power was cut off in 2020 to power a million homes for up to a year according to a new report. A current report brought out by Lane Clark & Peacock LLP (LCP) says mainly because of network constraints, last year had a result…
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Current offshore wind pipeline falls short of 40GW by 2030

Current offshore wind pipeline falls short of 40GW by 2030

Current offshore wind pipeline falls short of 40GW by 2030: Latest figures from Cornwall Insight’s ‘Renewables pipeline tracker report‘ show that even if all current offshore wind sites with leasing are developed in the coming years, total offshore wind capacity would only reach 29.7GW by 2030. The report currently tracks 22 sites across both floating…
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£416bn investment by 2050 for UK to stay global leader

That’s the forecast from the Oil and Gas Technology Centre and Offshore Renewable Energy Catapult, which suggest new investment in clean North Sea technologies could boost the UK economy by as much as £125 billion each year

The post ‘Up to £416bn of net zero investment needed by 2050 if UK is to remain a global energy leader’ appeared first on Energy Live News.

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Up to 17GW of renewables eligible for CfD AR4

Up to 17GW of renewables eligible for CfD AR4: Cornwall Insight’s Renewable Pipeline Tracker service has examined the potential capacity that could enter the Contract for Difference (CfD) Allocation Round (AR) 4, with the analysis showing there is currently 17GW* of technologies likely to be eligible to bid. This analysis is based on Cornwall Insight’s…
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