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To be 100% renewable the UK needs 49.5GW of flexibility

To be 100% renewable the UK needs 49.5GW of flexibility: If the UK is to attain an entirely renewable future, technology group Wärtsilä has pointed out that they must install more flexible energy storage & gas technologies to achieve this. It has stressed the need for 49.5GW of flexible assets if the UK’s energy systems…
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Industry may be heading into a big solar increase

Industry may be heading into a big solar increase: Solar PV instalments are forecast to place 27% year-on-year expansion in 2021. This is as reported by a current study by IHS Markit, that anticipates global demand to shoot up during the second half of 2021. The evidence of the report syas China, US & India…
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China produced over half of the globe’s coal-fired electricity

China produced over half of the globe’s coal-fired electricity: In the year when coal generation had its steepest fall on record worldwide. China was accountable for around 53% of the world’s coal-fired electricity in 2020. This is claimed by a new report by the energy & climate research group Ember, that believes China’s coal generation…
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New funding of £7.5m for marine energy technologies

New funding of £7.5m for marine energy technologies: New financing of £7.5 million has been presented to support 8 UK projects to research, develop & test advanced wave energy technologies. The projects hope to conquer challenges of tools that capture the energy produced by waves and transform it into a renewable electricity source. The larger…
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Norwegian energy firm Scatec plans £8.4bn to renewables

Norwegian energy firm Scatec plans £8.4bn to renewables: Norwegian renewable energy producer Scatec has reported a scheme to invest NOK100 billion (£8.4bn) in renewables throughout the upcoming 4 years. They have set a goal of having 15GW by 2025 of total renewable capacity of renewable programmes, correlating to the current 3.3GW. Several months back, the…
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Government to ban financing fossil fuel plans overseas

Government to ban financing fossil fuel plans overseas: The UK will halt financing overseas fossil fuel projects starting 31st March, succeeding a trailblazing North Sea Transition Deal settled between the government & the oil and gas sector. This new agreement will have policymakers & industry invest as much as £16b in renewables, hydrogen & carbon…
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Indian power mix renewable share must rise for net zero

Indian power mix renewable share must rise for net zero:  In order for the country to reach net zero by 2050, an astounding 55-fold boost in renewable power mix is required. As stated by a new report by the Council on Energy, Environment & Water (CEEW), which is recommends India would need to make at…
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Swiss investor purchases 49% BayWa r.e. stake

Swiss investor purchases 49% BayWa r.e. stake: The Swiss investor Energy Infrastructure Partners (EIP) has bought a 49% share for €530 million (£455m) in German renewable energy company BayWa r.e. Industrial & agricultural corporation BayWa AG will stay the majority shareholder with a 51% share in the company. EIP has expertise in investments in large-scale…
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50MW Scottish wind farm obtained by BayWa r.e

50MW Scottish wind farm obtained by BayWa r.e: BayWa r.e a global renewable energy developer has obtained a 50MW wind project in Scotland from Blue Energy. The ten-turbine ‘High Constellation’ wind farm is located 20 Kilometres south of Tarbert village and 30 Kilometres north of Campbeltown, is an altitude of around 230 metres. They have…
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Renewable projects were backed by Apple’s green bonds

Renewable projects were backed by Apple’s green bonds: Apple financed 17 renewable projects in the 2020 with $2.8 billion (£2bn) of contributions from the firm’s green bonds. Green bonds are supplied to support projects that have positive environmental & climate advantages. The projects are expected to make 1.2GW of renewable energy and prevent an average…
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