07/19/2023
South Africa is in danger of missing its targets for the expansion of renewable energies by 2030. Though wind and solar energy have made strong gains in recent years, the country continues to invest in its coal-fired power plants. In addition to domestic aid programmes, foreign countries are now coming to the rescue.
The Viking link is the world's longest DC submarine cable running between Denmark and the UK.
While global demand will rise, the EU's electricity demand is set to drop to the lowest level in 20 years in 2024.
Construction is now underway on NeuConnect project – a vital new energy link between the UK and Germany that will connect two of Europe’s largest energy markets for the first time.
In the last 18 months, monthly installations of new renewable capacity basically quintupled, going from 110 MW per month in January 2022 to nearly 500 MW per month in June 2023.
Today the European Parliament’s Committee on Industry, Research and Energy (ITRE) formally agreed its position on the ongoing EU electricity market design revision, largely backing the European Commission’s proposal for a targeted reform. The Committee voted to maintain the merit order system and to avoid inframarginal revenue caps which fragment the internal energy market and undermine investor confidence. Crucially, the agreement allows for different routes to market for renewable electricity: Contracts for Difference, renewable Power Purchase Agreements, and merchant investments.
Germany installed 1.6 GW of new capacity over the first six months of 2023 meaning onshore wind continues to recover. But challenges remain.
The structures are located approximately 1km offshore - with one close to the Minsmere Nature Reserve and the other two located near South Beach, Lowestoft.
Joost Bergsma, CEO at Glennmont Partners from Nuveen said: “This agreement with clearvise marks another positive investment in Finland and the Nordics, after successful recent activity in the onshore wind and battery storage sector."
Corio is aiming to develop up to five projects totalling 3 gigawatts (GW) off the coasts of Cavite, Batangas-Mindoro, IIoilo and Guimaras under wind energy service contracts that provide site exclusivity.
The decision comes after a thorough, four-month evaluation of the bid.
A consortium consisting of Simply Blue Group, Subsea7, and Spark Renewables will be spearheading the development of the Sea Fern Floating Offshore Wind project in Australia.
Energy transition objectives risk being delayed if critical mineral supply cannot meet future demand, says GlobalData in a new report.
Offshore Energies UK (OEUK), together with Robert Gordon’s University (RGU), has produced a roadmap that outlines how the UK can support jobs, economic growth, and innovation well into the future.
Keep informed - try our weekly Newsletter
Follow us on ,
Join us: Book your Membership
Keyword Search