The energy sector is changing – with numerous factors reshaping an industry that must adapt to rising demand for renewable energy.
By Paul Dight, energy partner at Addleshaw Goddard
Renewables have overtaken coal as Germany’s main source of energy for the first time, accounting for just over 40 per cent of electricity production.
Although they are the cleaner and more environmentally-friendly alternative, electric vehicles must still find their place in the UK's rapidly evolving energy grid. The challenge is not that electric vehicles demand more energy than we can supply, it is that they disrupt how that energy is distributed and supplied on our transmission networks.
By David Hall, Vice President Energy, UK & Ireland at Schneider Electric
Schneider Electric’s research has revealed that Generation Z – those born from around the mid-1990s – are far less worried about the planet (and their impact upon it) than their parents. What’s more, they show little regard for a host of environmental issues, from energy saving to reducing plastic waste.
By David Hall, Vice President Energy, UK and Ireland at Schneider Electric
The International Energy Agency (IEA) has published its World Energy Outlook (WEO) 2018, in which it said that the share of renewables in global power generation will increase to over 40 per cent by 2040 from the current 25 per cent.
Apollo Global Management is buying a $1 billion energy portfolio, including unspecified assumed obligations, from GE Capital Energy Financial Services.
UK Government figures released on 27 September show that the share of renewables in the UK’s electricity generation recorded a record high for the second quarter of 2018, while the share of coal hit a record low.
It has been a long time coming, but the Irish government has finally announced its new support scheme for renewables for the next decade.
By Andrew Ryan, Partner, TLT, Northern Ireland
Japan’s biggest utility, Tokyo Electric Power Company (TEPCO) has revealed plans to develop up to 7 GW of new renewable energy capacity, marking a major departure from nuclear.
The International Energy Agency (IEA) has said in its World Energy Investment 2018 Report that investment in India’s renewable energy sector overtook those made in the country’s fossil fuel-based power generation projects for the first time in 2017.