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S&P Global Market Intelligence ($): A consortium involving Ørsted A/S has been awarded €5 million in EU funding to investigate the offshore production of green hydrogen. The Danish wind giant, together with partners ITM Power PLC, Siemens Gamesa Renewable Energy SA and Element Energy Ltd., received support from the European Commission’s Fuel Cells and Hydrogen […]
IEEFA
S&P Global Market Intelligence ($): Belgium is set to produce 10% of its electricity demand from offshore wind in 2021 following the commissioning of two projects in its waters last year, with installed capacity soon planned to double with the implementation of a new development zone. Belgium now boasts 2.26 GW of offshore wind, making […]
IEEFA
S&P Global Market Intelligence ($): Poland plans to have 2 GW of hydrogen electrolysis capacity and 2,000 hydrogen fuel-cell buses on its streets by 2030 as part of a new strategy to promote the use of the fuel, the government said Jan. 4. The country’s hydrogen strategy — which is set to be approved in […]
Tim Buckley
Technology disruption the likely theme of global energy markets in 2021
There has been a growing tsunami of climate commitment announcements combined with fossil fuel exclusion policies by globally significant financial institutions during December 2020, building on the pledges two months earlier by the leaders of China, Japan and South Korea committing to net zero emissions targets. On top of that, three leading corporate announcements show […]
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Bloomberg: Air Liquide SA, the largest supplier of industrial gases, aims to spend billions of euros over the next ten years on hydrogen production to meet a surge in demand driven by a global shift to cleaner energy, its chief executive officer said on Wednesday. The gas could account for 20% of worldwide energy consumption […]
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S&P Global Market Intelligence ($): The European Commission has proposed to reform regulation covering cross-border energy infrastructure projects that are eligible for financial support, including a plan to exclude oil and natural gas infrastructure from EU funding in the future. In the proposed reform to the Trans-European Networks for Energy, or TEN-E, regulation, the commission […]
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S&P Global Market Intelligence ($): Worldwide coal generation will fall 5% in 2020 to 2012 levels, marking the largest annual decrease on record, the International Energy Agency estimated in a new report. Coal use will likely bounce back in 2021, but growth in renewables will remain the lead story in electricity generation, the agency said […]
IEEFA
S&P Global Market Intelligence ($): A cross-sector group of companies including utilities Snam SpA, Ørsted A/S and Iberdrola SA has launched a global coalition to accelerate the scaling of green hydrogen production 50-fold in the next six years. The Green Hydrogen Catapult will work to cut the cost of renewable hydrogen — produced using green […]
IEEFA
Bloomberg: Enel SpA, Europe’s biggest utility, is set to invest 160 billion euros ($190 billion) over the next 10 years on a bet that demand for green energy and electrification will surge globally. Under Chief Executive Officer Francesco Starace, Enel has sought to ride the accelerating shift to a low-carbon world, committing vast sums of […]
IEEFA
Bloomberg: The European Union wants a massive increase in offshore wind to help clean up the electricity industry and aid the recovery after the pandemic. To meet its mid-century goal of becoming the world’s first climate-neutral continent, the region needs to boost offshore wind capacity to 300 gigawatts by 2050 from just 12 gigawatts now, […]
IEEFA: Renewables’ strong performance and falling costs can help Kosovo break from a coal-powered past
Economics, EU membership ambitions point to renewables as best path for country’s future electricity needsOctober 29, 2020 (IEEFA) — Strong performance by Kosovo’s first large-scale wind and solar farms show the coal-dominated, Western Balkan country can exploit falling renewables costs and green lending appetite to align better with a low-carbon European transition and reduce losses from stranded fossil fuel assets. According to a new report by the Institute for […]