A cooling off in China and lower technology costs have seen global investment in solar generation fall by 19% in the first half of the year, according to new figures from Bloomberg New Energy Finance (BNEF).
However, the report shows spending on wind power and energy smart technologies such as electric vehicles and batteries are running above last year’s levels.
World investment in clean energy in the first six months of 2018 stood at $138.2 billion, down 1% from the same period in 2017. The sec...
Industry body Energy UK has urged a number of changes to the Electricity Market Reform mechanisms to “provide a level playing field for all participants and technologies”.
Energy UK said it continued to support for the programme’s two major elements - the Contracts for Difference (CfD) and Capacity Market auctions - but makes a number of recommendations to ensure “they remain fit for purpose in future” and enabling investment at lowest cost.
The vision paper’s recommendations include that there ...
The rapid pace of change in energy technologies could bring forward ‘peak oil’ to the mid 2020s, a new report has claimed.
A report by Aurora Energy Research has evaluated the impact of widespread digitalisation, greening of the economy and the shift in consumer preferences on global commodities markets.
The report suggests that technological change and consumer engagement are at least as important in tackling climate change as the carbon targets set under the Paris Agreement.
German renewables developer Energiekontor AG has achieved financial close on a 8.2-MW wind project in the UK after signing a long-term power purchase agreement (PPA) with a global consumer goods company.
The company added that to its knowledge it is the first wind farm project in the UK to proceed without government subsidies.
The scheme, Withernwick II, in Yorkshire, is an extension to an existing wind farm and will add four turbines of 2.05 MW each to the facility.
Withernwick II secured appro...
The UK has climbed three places to seventh position in the latest Renewable energy country attractiveness index (RECAI) following the market’s adaptation to subsidy-free solar PV, onshore wind projects and moves to repower old wind farms.
China tops the latest index compiled by EY for the third time consecutively, with the US and Germany overtaking India which falls from second to fourth position.
The Netherlands is a notable climber, while Taiwan has re-entered the bi-annual top 40 after a coup...