Energy Shocks

Europe keeps setting clean-energy records

2 days ago admin2 0
This week, two of the biggest economies in Europe set new records for clean energy. The UK’s electrical grid has not burned any coal for about 1,000 hours so far this year. Though it’s just a symbolic achievement, the pace at which the UK is reaching such figures shows the pace of the energy transition. Read More

With $2.5 billion of M&As in 2018, India’s renewables sector is set for a leap

1 month ago admin2 Comments Off on With $2.5 billion of M&As in 2018, India’s renewables sector is set for a leap
In just the first half of the year, India’s booming renewable energy sector has seen merger and acquisition (M&A) deals worth over $2.5 billion (around Rs16,631 crore). In April, ReNew Power, India’s largest renewable energy company, acquired New Delhi-based Ostro Energy for around $1.5 billion, what has been the biggest such deal in the country Read More

The world set a new record for renewable power in 2017, but emissions are still rising

1 month ago admin2 Comments Off on The world set a new record for renewable power in 2017, but emissions are still rising
In 2017, the world deployed an ever-expanding amount of solar and wind power, setting a new record for renewable-power capacity added to the grid. In fact, the money spent on renewable installations was more than twice the sum spent on nuclear and fossil-fuel power, according to the annual Global Status Report published by renewables policy Read More

China is going to sell half the world’s electric cars by borrowing policies from California

2 months ago admin2 Comments Off on China is going to sell half the world’s electric cars by borrowing policies from California
Ninety seven million new vehicles were sold globally last year. Only about 2% of them were electric. Yet things are changing fast. The world last year saw a 50% annual growth rate in electric vehicle (EV) sales. In 2018, EV sales should near 1.6 million. As EV manufacturing costs fall below those of conventional vehicles, Read More

Why a 100-year-old Indian company is investing billions into renewable energy

2 months ago admin2 Comments Off on Why a 100-year-old Indian company is investing billions into renewable energy
Tata Power, one of India’s largest thermal power companies, is making a $5 billion bet on the country’s renewable energy sector. Over the next decade, the 103-year old company plans to quadruple its clean energy capacity, taking it from around 3,417 megawatts (MW) now to around 12,000 MW. The company currently has a total installed Read More

Poor countries are investing a lot more than rich countries in renewable energy

3 months ago admin2 Comments Off on Poor countries are investing a lot more than rich countries in renewable energy
There are a few things to celebrate in a new report from the United Nations. In 2017, global investment in renewable energy grew 2% from last year to $280 billion. New renewable-power capacity added in 2017 (143 GW) far outstripped new fossil-fuel power capacity (70 GW). But those optimistic figures belie a more troubling complete Read More

A new solar highway in China perfectly captures its clean-energy ambitions

7 months ago admin2 Comments Off on A new solar highway in China perfectly captures its clean-energy ambitions
The idea of solar roads has been dismissed by many as being impractical. But that didn’t stop China from opening one for testing today, joining the ranks of France, Holland, and other countries giving it a shot. In Jinan, the capital of the northeastern Shandong province, traffic is now rolling over a stretch of expressway Read More

The complete guide to the world’s largest carbon market that just launched in China

7 months ago admin2 Comments Off on The complete guide to the world’s largest carbon market that just launched in China
In the lead up to the 2015 Paris climate summit, premier Xi Jinping announced China would launch a carbon market in two years. Today (Dec. 19), Xi delivered on his promise, opening up what will become the world’s largest carbon market. If wielded wisely, it could help the world’s biggest emitter of greenhouse gases hit Read More

Volkswagen thinks its ride-sharing electric minibus will take 1 million cars off the road

7 months ago admin2 Comments Off on Volkswagen thinks its ride-sharing electric minibus will take 1 million cars off the road
The world’s largest automaker is getting into the ride-sharing business as it prepares for a world with fewer cars. Volkwagen’s Moia brand unveiled on Monday (Dec. 4) a much-anticipated vehicle for its first ride-hailing service. The vehicle is a six-seater, all-electric minibus with a 300 kilometer (186 mile) range and USB ports, reading lights, and Read More