“The energy transition presents great opportunities for oil and gas companies to develop new forms of energy and gradually move away from fossil fuels”, says Jeroen van der Veer, former CEO and Chairman of Shell in an exclusive interview for World Energy Focus, a monthly publication of the World Energy Council produced by Energy Post. But the former Shell boss rejects the idea that the oil companies are in danger of ending up with large “stranded … [Read more...]
Delusions or lies? The UK government’s five spurious reasons to back Hinkley Point C
The UK's Department of Energy & Climate Change (DECC) on 12 March published a short list of reasons why the proposed 3.2 GWs of nuclear reactors at Hinkley Point should be built. The publication, 5 Reasons why we are backing Hinkley Point C, is a mix of truth, unprovable assertions and omissions which could also be construed as lies, writes independent energy consultant Mike Parr. … [Read more...]
Wind top new power capacity source in Europe
In 2015 12,800 MW of new wind power capacity was installed in the EU, an increase of 6.3% over 2014, and more than any other form of power generation, according to recent new figures from the European Wind Energy Association (EWEA). Wind power accounted for over 44% of total power capacity installations in the EU last year. … [Read more...]
China’s electricity mix: changing so fast that CO2 emissions may have peaked
China installed a world record of 32.5 gigawatts (GW) of wind power last year, and a world record 18.3 GW of solar power, according to official figures from the National Bureau of Statistics of China on 29 February. Coal consumption fell 3.7%, nuclear power grew 30% and natural gas 3.3%. These trends mark a rapid diversification of China’s electricity generation capacity with reduced dominance of coal. Some even believe China’s CO2-emissions have … [Read more...]
The moral case for fossil fuels? Let them eat solar panels!
In the wake of the Paris climate accord, there has been much discussion of the so-called ‘moral case’ for fossil fuels, particularly in countries such as India. But according to professor John Mathews of Macquarie University in Australia, rolling out renewable energy in developing countries should be the real legacy of the Paris climate agreement. Renewables offer them the best chance to break into manufacturing value chains. … [Read more...]
How far can renewables go? Pretty darn far
This is part 4 of a series looking at the economic trends of new energy technologies by the famous author and thinker Ramez Naam. Part 1 looked at how cheap solar can get (very cheap indeed). Part 2 looked at the declining cost and rising reliability of wind power. Part 3 looked at how cheap energy storage can get (pretty darn cheap). Now Naam discusses how far renewables can go. … [Read more...]
Cost of capital for renewables varies hugely across EU
It is much more expensive to undertake onshore wind projects in some European countries than others, according to the first-ever study of these costs for the entire EU-28. The EU-funded “Diacore” project finds moreover that market actors single out the design and reliability of renewable support schemes as the single biggest risk (after generic country risk) driving up the cost of capital. Best practice policy design could cut support costs for … [Read more...]
Connect North Sea oil and gas platforms to offshore wind farms to produce green gas
Abandoned oil and gas platforms in the North Sea can be profitably converted into production and storage units that convert electricity from offshore wind farms into hydrogen and synthetic gas. That’s the main finding of a new study carried out by the Dutch Energy Delta Institute (EDI). A positive business case can be made for this application if the gas can be sold to a dedicated niche market for green gas, e.g. the chemical industry or the … [Read more...]
viEUws VIDEO: Top 5 EU energy priorities for next 6 months
In this special briefing, energy journalist Hughes Belin picks out the top 5 energy issues that will be discussed by the European institutions in the next six months, under the Dutch EU Presidency. 1. Gas supply: In February, the Commission is due to launch a review of the regulation on security of gas supply and of its sister regulation on security of electricity supply. The Commission will also review the EU’s information exchange mechanism … [Read more...]
Record clean energy investment despite oil price collapse – but Europe stays behind
Clean energy investment surged in China, Africa, the US, Latin America and India in 2015, driving the world total to its highest ever figure, of $328.9bn, up 4% from 2014 and beating the previous record from 2011 by 3%, according to new figures from Bloomberg New Energy Finance. However, Europe was an exception with the lowest clean energy investment since 2006. In other news the International Renewable Energy Agency (IRENA) published a new … [Read more...]
China pushes global renewable capacity beyond 900 GW
China was the world’s leading market across a number of renewable energy technologies in 2015 and helped to drive global renewable installed capacity to an estimated 913.48 Gigawatts (GW), says research and consulting firm GlobalData. … [Read more...]
The End of the Oil Age and other great stories
We reveal our most popular stories of 2015. They reveal what is preoccupying our readers the most. Yes, it’s all about the End of the Age of Oil – and the beginning of something new. … [Read more...]
Energiewende is easily affordable – if we don’t go 100% renewable
Researchers from Fraunhofer ISE have published a new report investigating the net cost of Germany’s energy transition. The good news is that the German government’s current goals are likely to be affordable. The bad news is that 100 percent renewable energy is less so, writes Craig Morris of the website German Energy Transition. … [Read more...]
Stanford: world can go 100% wind, water, sun by 2050 – and save money
Reneweconomy.com A new analysis from Stanford University has laid out a roadmap for 139 countries to power their economies with solar, wind, and hydro energy by 2050. It says the world can reach 80 per cent WWS (wind, water and sunlight) by 2030 and 100 per cent by 2050 with no impact on economic growth. … [Read more...]
Does the IEA’s new World Energy Outlook miss the global transition?
The energy transition from fossil fuels to renewables will likely be faster than the International Energy Agency predicts in its recent World Energy Outlook, writes Peter Simon Vargha, Chief Economist at Hungarian oil and gas company MOL. According to Vargha, we are at a point when renewables are getting cheaper than fossil fuels in many areas, and that means a whole different game. … [Read more...]
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