With the launch in December of its online Renewable Resource Atlas, Saudi Arabia has taken an important step into bringing its ambitious renewable energy plans closer to realisation. The Atlas will provide developers of solar power (and later also wind power, geothermal heat and waste-to-energy) comprehensive, reliable data on which to base project bids. Heba Hashem of CSP Today reports. … [Read more...]
The greatest business opportunity of our time
Amory Lovins, the founder of the famous Rocky Mountain Institute in Colorado, has written a book in which he presents an energy future without coal, oil or nuclear power. Yet he insists his is not a green or left-wing vision. On the contrary, it will save money and create wealth. “The energy transformation is the greatest business opportunity of our time.” … [Read more...]
2014: the year of energy storage
Energy storage: it’s no longer a problem, it’s become a huge business opportunity. As one market watcher recently put it: “The energy storage industry is in the early stages of what will become a giant global market”. As with any new market, however, it is difficult for participants to find reliable information. Fortunately, there is now the interactive International Energy Storage Database (IESDB) of the US Department of Energy (DoE), which … [Read more...]
EU energy ministers unable to agree on biofuels policy
Ministers in the Transport, Telecommunications and Energy Council on 12 December held an in-depth discussion on a revised version of the draft text, which aims to minimise the impact of land use change on greenhouse gas emissions. The draft indirect land use (ILUC) directive aims to promote the move towards biofuels while limiting the possibility of increased greenhouse gas emissions due to increased biofuels production. It will amend the … [Read more...]
Interview EU Climate Chief Connie Hedegaard: “Climate policy cannot be based on emission reduction alone”
The European Union should adopt EU-wide targets for renewable energy and energy efficiency for 2030, says Climate Commissioner Connie Hedegaard in an interview with Energy Post. She rejects pleas from the energy sector to base EU climate policy solely on CO2 emission reduction targets. She does note, however, that there has been a tendency to “overcompensate” renewable energy, i.e. too generous subsidies. “It was never the plan to subsidise … [Read more...]
IRENA presents unique overview of renewable energy costs
The International Renewable Energy Agency (IRENA) has launched a “unique web portal dedicated to renewable energy cost analysis.” The portal provides access to IRENA’s data and analysis at no cost to users. “IRENA has developed the most current and comprehensive global database of renewable energy project costs available to the public. Our new portal makes this resource available for policy makers, businesses and the renewable energy community … [Read more...]
UK electricity market: financiers are holding the government over a barrel
The UK Department of Energy & Climate Change (DECC) published new “strike prices” for renewable energy on 4 December, claiming these will lead to additional investment of £40 billion in renewable electricity generation up to 2020. But according to Michael Knowles, Member of the Institution of Mechanical Engineers, the support scheme is too generous for suppliers and DECC should do much more to drive costs of renewables down. … [Read more...]
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