The Australian Government has announced that it is putting an additional $1 billion into its publicly-funded Clean Energy Finance Corporation (CEFC), the so-called “green bank” to invest in energy projects.
The climate analysts Carbon Brief has announced that the third quarter of 2019 was the first quarter in which renewables generated more electricity than fossil fuels in the UK.
Like many other nations, Spain has incentives to encourage investment in renewable energy production. After several years with a ‘moratorium’ on incentives and no new build, the need for incentives has disappeared almost overnight as renewable energy sources have reduced costs and have now achieved “grid parity”, meaning that they can be developed without government subsidies. Whilst this has encouraged an increase in renewable energy projects, it could be harmful to profits and have serious economic risks for investors. So what are the potential risks of taking a long-lasting grid parity in Spain for granted, how can these problems be mitigated and why is it relevant to us all?
By Javier Revuelta, ÅF Pöyry Management Consulting
Although policy uncertainty is spreading across Latin America, strong regulatory frameworks are keeping the region’s utilities on the right track.
By Julyana Yokota, Senior Director and Sector Lead, Infrastructure and Utilities, Latin America, S&P Global Ratings.
Annova LNG of Houston, Texas, USA has announced that it plans to get all of the electricity for its proposed export terminal at the Port of Brownsville from renewable sources such as wind and solar.
The European Investment Bank (EIB) has announced that it will provide €150 million credit to boost Brazil’s portfolio of renewable energy.
The Philippines’ Department of Energy (DOE) has announced that it intends to fast-track implementation of two renewable energy policies, following President Duterte’s directive to reduce the country’s dependence on coal.
The German energy industry association BDEW said that Germany’s greenhouse gas emissions from power generation decreased 15 per cent in the first half of 2019 compared to the same period last year.
Figures from the US Department of Energy indicate that a new milestone was set for the country in April when more electricity was generated via renewable sources than from coal.
According to data released by the US Federal Energy Regulatory Commission (FERC), renewables installed capacity equalled 21.56 per cent of the country’s total generation capacity in April, compared with coal-fired capacity of 21.55 per cent.