The International Energy Agency (IEA) has released a report indicating that it expects the global capacity of renewable power generation to almost double over the next five years as countries step up efforts to deal with the energy crisis caused by Russia’s invasion of Ukraine.
Britain’s increased electricity exports to Europe made it a net exporter in 2022 for the first time in over a decade.
The International Energy Agency (IEA) has raised its global forecast for the growth of renewables in what it describes as its: “largest ever upward revision” for the sector.
The World Bank has approved a $497 million loan facility to Eskom for the repurposing of Komati Power Station.
Octopus Energy Group has partnered with Nexta Capital Partners to create a joint venture to install 1.1 GW of new onshore wind and solar energy capacity in the south of Italy by 2025.
For a rapid and affordable transition to net zero electricity by 2035, it is vital that we minimise temporary network congestion by being smarter about paying flexible demand to consume at the right time and the right place. The possibilities for local flexibility markets are therefore vast.
By Jo-Jo Hubbard, Co-founder and CEO of Electron
South African utility Eskom has announced that it has signed agreements for four renewable power producers to use land around its power plants to accelerate getting new capacity online.
Amazon has announced that it will add 2.7 GW of clean energy capacity through 71 new projects as it seeks to use 100 per cent renewable energy across its business by 2025.
To achieve net zero, significant, concerted, coordinated and balanced investment is a critical must-have.
By Jonathan Hick, Investment Director at Triple Point Investment Management, and fund manager of the Triple Point Energy Transition plc – TENT
First Hydrogen is looking to develop a green hydrogen generation infrastructure in the form of a ‘hydrogen village’. The announcement helps illustrate both the opportunities arising out of the UK’s hydrogen strategy, but also the real-world challenges that lie ahead.
By Nick Smee, Partner, Browne Jacobson