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Reuters: Britain’s electricity system saw the greenest year on record in 2020, National Grid said on Monday, with record renewable power and its longest spell without coal since the industrial revolution. “Significant periods of coal-free electricity generation and record-breaking levels of power from zero carbon sources were key factors… while record low electricity demand during […]
IEEFA
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
ReNews.biz: The UK Secretary of State for Business, Energy and Industrial Strategy Alok Sharma has granted planning consent to Orsted’s 2400MW Hornsea Three project in the North Sea. UK planners have given Orsted permission to install a maximum of 231 turbines featuring rotors up to 265 metres in diameter and tip heights of 325 metres […]
IEEFA
The National: The Scottish government is to commit £100 million to developing hydrogen as a greener form of power. Industry bosses said Scotland had the opportunity to be a “leading hydrogen nation” – with ministers pledging to invest the cash over five years. The funding was announced as ministers set the target of Scotland producing […]
Press Release and Norman Waite
AIA must back their climate pledges
21 December 2020 (IEEFA Asia): Major insurer AIA still holds anywhere between US $4 – 6 billion in coal and coal-fired power assets that if stranded will massively reduce wealth for investors and despite pledging its commitment to three significant global climate accords according to a new report by the Institute for Energy Economics and […]
IEEFA
CNBC: General Electric’s renewable energy division has been chosen as the preferred turbine supplier for the third and final phase of an offshore wind farm that’s set to be the largest on the planet. According to an announcement from SSE Renewables on Friday, a 14 megawatt (MW) version of GE’s huge Haliade-X turbine will be […]
Guest Commentary: Gireesh Shrimali and Guest Commentary: Abhinav Jindal
An economic proposition for coal dominant developing countries
Worldwide, coal plants are grappling with environmental issues and low capacity utilization levels. They have not only become unprofitable to utilities, they are also uneconomical to customers. While retiring end-of-life coal plants can overall be very beneficial, and indeed necessary as finance continues to exit the fossil fuel sector driven by the global energy transition, […]
Press Release, Arjun Flora and Gerard Wynn
Reporting loophole means midstream operators aren't following the same guidelines as upstream or downstream sellers
December 14, 2020 (IEEFA) — European pipeline companies are using a loophole to market themselves as low-carbon businesses and avoid reporting on the climate effects of the natural gas they transport, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Hiding in Plain Sight—European Gas Pipeline Companies’ […]
IEEFA
S&P Global Market Intelligence ($): Amazon.com Inc. signed contracts to purchase power from 26 renewable energy projects on four continents totaling 3.4 GW, as part of its target to achieve net-zero carbon emissions by 2040. The wind and solar projects are located in Australia, France, Germany, Italy, South Africa, Sweden, the U.K. and the U.S. […]
IEEFA: AIA too important to lag global insurers in coal investment, divestment, and exclusion
AIA must back their climate pledges21 December 2020 (IEEFA Asia): Major insurer AIA still holds anywhere between US $4 – 6 billion in coal and coal-fired power assets that if stranded will massively reduce wealth for investors and despite pledging its commitment to three significant global climate accords according to a new report by the Institute for Energy Economics and […]