The “new realities for energy”: peak demand, stranded assets

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"The world is undergoing a Grand Transition driven by a combination of factors including the fast-paced development of new technologies, an unstoppable digital revolution, global environmental challenges and changing growth and demographic patterns", according to a statement from the World Energy Council, a UN-accredited global energy network with over 3,000 member organisations in over 90 countries. According to the World Energy Council, the … [Read more...]

Hinkley Point C explained – UK’s attachment to nuclear submarines drives bias towards nuclear power

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Why is the UK government so committed to building new nuclear power stations, despite the high costs and many attractive alternatives? Research published by the Science Policy Research Unit at the University of Sussex shows that it is the Government’s attachment to nuclear submarines which is an important factor in the pro-nuclear bias in UK energy policy. … [Read more...]

IEA sees “major shift” – but not major enough

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“A major shift in investment towards low-carbon sources of power generation is underway”, according to a first-ever detailed analysis of investment across the global energy system from the International Energy Agency (IEA). Yet, in non-OECD countries, “investment in conventional generation remains strong”, with over 75 GW of coal-fired power plants starting operation in 2015 in “developing Asia” – “as much as all renewable capacity additions in … [Read more...]

Offshore wind: Europe far ahead, Siemens largest by far

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The number of new offshore wind installations in Europe went down sharply in the first half of 2016, but investment grew to a record €14 billion, promising higher growth in the coming years. Siemens installed all 114 new turbines in Europe in 2016 and has a global market share of 64%, according to new reports from WindEurope and PlanetOS. … [Read more...]

Europe increasingly dependent on oil imports, above all from Russia

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European dependence on oil imports has grown from 76% in 2000 to over 88% in 2014. The EU spends some €215 bn on oil imports, over 5 times as much as gas imports (€40 bn). Russia is the biggest supplier: dependence on Russia has grown from 22% in 2001 to 30% in 2015.  These are some of the main conclusions of a study from Cambridge Econometrics made for the Brussels-based NGO Transport & Environment (T&E). … [Read more...]

DNV GL sees solar power revolution, acquires Spanish solar monitoring company

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DNV GL, one the world largest independent energy consultancies, has strengthened its position in the solar power sector with the acquisition of GreenPowerMonitor, a leading provider of solar monitoring, control and asset management systems. The CEO’s of DNV GL- Energy, Ditlev Engel, and GreenPowerMonitor, Juan Carlos Arévalo, expect the solar market to triple and projects to become ever bigger, they tell Energy Post. With 150 solar experts, the … [Read more...]