Medium-Term Renewable Energy Market Report 2016

The International Energy Agency said today that it was significantly increasing its five-year growth forecast for renewables thanks to strong policy support in key countries and sharp cost reductions. Renewables have surpassed coal last year to become the largest source of installed power capacity in the world. The latest edition …

Invest in EU: EUR 438 Million to Support Renewable Energy in Belgium

The European Investment Bank (EIB) will support the construction of the Norther wind farm off the Belgian coast with a loan of EUR 438 million. Half of this amount will be guaranteed under the European Fund for Strategic Investments (EFSI), the heart of the Juncker Commission’s Investment Plan for Europe. …

European Commission Approves Drax Biomass Subsidy

The share price of Britain’s biggest power station operator has jumped to a five-month high after the European commission approved subsidies for its conversion to burn wood pellets instead of coal. Drax was awarded a renewable energy subsidy contract by the government in 2014 to switch the third unit of …

Centrica to Trial £19m Local Smart Grid in Cornwall

Energy giant Centrica has launched a new local energy market trial in Cornwall in a bid to test how a more distributed grid could help generation be managed closer to the point of demand. The firm announced plans on Friday to develop a “virtual marketplace” in the area over a …

French nuclear power in ‘worst situation ever’, says former EDF director

In the week Britain exports electricity to France for first time in four years, Gérard Magnin says renewable power will match Hinkley Point C on cost. Gérard Magnin, who called Hinkley “very risky” when he resigned as a board member over the project in July, told the Guardian that with …

Advanced Coal Technologies Could Provide Carbon Relief

Coal is not clean. But that does not mean that it could not be made cleaner. And that’s relevant because much of the developing world will remain dependent on coal, as will most developed nations to a lesser degree. At issue then is whether carbon capture and storage is technically …

Mexico’s Energy Reform Is Set to Revitalise an Ailing Sector and Boost the Economy,...

Mexico’s wide-ranging energy reform, which began in 2013, is expected to reverse the country’s declining oil production, increase the share of renewables in the power sector, and slow the growth in carbon emissions, providing a solid foundation for robust economic growth in the coming decades, according to the International Energy …