Eddie O’Connor, Chairman and Founder of Mainstream Renewable Power, the world’s only pure-play renewables development company, believes the energy industry is at a crossroads and needs to choose the right path for a truly sustainable recovery.
The energy sector is one of the key points of the "Initiatives to relaunch Italy 2020-2022" plan, released on 16th June 2020, providing the urgent reforms aimed to restart the Italian economy.
By Guglielmo Fabbricatore, Counsel and Head of Energy in Italy at DWF
Renewable sources have overtaken coal, oil, and gas in EU electricity generation, according to analysis from Ember, a climate think-tank.
The European Commission has approved, under EU State aid rules, a scheme to support electricity production in Ireland from renewable sources.
Brazil’s Ibitu Energia, owned by US-based asset manager Castlelake LP, plans to invest roughly $840 million in renewable energy assets in the coming five years, according to a statement from Gustavo Ribeiro, Chief Executive of Ibitu Energia.
By David Hall, Power Systems VP UK & Ireland at Schneider Electric
The utilities industry has a vital role to play in driving a green economic recovery. There are three priorities for the energy industry to consider.
Synthesis Analytics, the Swedish innovator combining green high-performance computing (HPC) and intelligent, sustainable district heating, has launched the first £40 million ($49.85 million) tranche of a £300 million fund-raising round to fuel the next stage of its growth.
The renewable power unit of Tepco, Japan’s biggest utility, plans to spend over $18 billion over the next ten years to boost its renewable power generation by as much as 70 per cent.
South Korea plans to start a shift away from thermal and nuclear power generation towards a larger proportion of renewable energy, aiming to reach 40 per cent share by renewable energy by 2034, up from the current 15 per cent.
Despite a projected decline in total US electricity generation cause by the Covid-19 pandemic, the US Energy Information Administration (EIA) predicts that renewable energy sources will produce significantly more electricity in 2020.