According to the US Energy Information Administration (EIA), electricity generated in 2022 from renewables exceeded that from coal for the first time.
Octopus Energy has announced it will invest €1 billion into France’s renewable energy sector over the next two years.
CBS, the national statistics agency for the Netherlands, said that over 2022, around 40 per cent of electricity generated in the country came from renewable sources, up from 33 per cent in 2021.
Reports have emerged of 13-year wait times to secure grid connections for renewables in the UK. Unless the network constraints are quickly addressed there are real risks on the government’s ability to implement its net zero strategy at the desired pace.
By Paul Hill, banking and finance partner and head of energy and infrastructure at Browne Jacobson
According to a review of data released by the US Energy Information Administration, renewable energy sources across the USA provided almost 23 per cent of the country’s electricity generation in 2022.
Wärtsilä has released a study stating that the European Commission needs to reform its electricity market design to encourage flexible balancing power capacity if the EU is to achieve its net zero targets and improve energy security.
American Electric Power (AEP) will sell its 1365 M portfolio of renewable assets to IRG Acquisition Holdings.
According to the International Energy Agency (IEA) in its latest annual outlook report on electricity, renewables will dominate the growth of the world’s electricity supply over the next three years.
Over the next three years, Delhi will increase renewable generation capacity in the city by 6 GW through a variety of government initiatives.
The EU generated a record 22.3 per cent of its electricity in 2022 through wind and solar power, overtaking natural gas, at 19.9 per cent, according to a report by energy think tank Ember, published in the European Electricity Review.