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.
The share of renewable energy sources in Germany’s net electricity generation reached a new high in the first half of 2018.
The EU has finalised new climate rules after months of talks, targeting a total energy saving of 32.5 per cent and an increase in the share of renewable energy to 32 per cent by 2030.
Xcel Energy Colorado has announced a new power plan that the utility said could save customers $215 million, cut carbon emissions by half, and increase renewable energy sources to 55 per cent of its energy portfolio by 2026.
The Hawaiian Electric Companies have begun the formal search for new grid-scale renewable energy projects for the three islands of Oahu, Maui, and Hawaii.