Mitsubishi Hitachi Power Systems (MHPS) and Magnum Development have announced the launch of the Advanced Clean Energy Storage (ACES) project in central Utah, USA.
The Asian Development Bank has approved an umbrella facility of up to $100 million which will provide financing support for renewable power projects in Pacific island countries.
Puerto Rico has enacted a law that requires the progressive elimination of fossil fuels as a source of power generation.
The World Bank and the African Development Bank (AfDB) have announced that they will commit over $47 billion by 2025 to help African countries tackle the effects of climate change.
The European Commission has given approval for German utility RWE to buy E.ON’s renewable and nuclear power generation assets.
One of the biggest funders of energy projects in Australia said that coal-fired power generation projects were unlikely to be developed unless there was taxpayer funding involved, as investment continues to flow to renewables.
GE has announced that it plans to consolidate its renewable and grid assets into a single unit. It said that this will help it tap into the global demand for clean energy generation.
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