Tag: renewable energy

As the global community becomes more interested in- and aware of- the devastating impacts of climate change, more and more industries have shown a shift towards environmentally-friendly solutions. In this regard, Finnish technology group Wartsila presented some of the trends awaited in 2019 and significantly impacting the energy transition.

Port of Rotterdam published a statement on a partnership between Pondera Development and SIF Holding Nederland, 'GE Renewable Energy and Future Wind', concerning the installation of the first prototype of the Haliade-X 12 MW wind turbine at Rotterdam-Maasvlakte in the summer of 2019. The collaboration includes a 5-year-test period and a 15-year period of full operation and maintenance. 

The Autonomous Operator of Parisian Transports published a press release according to which sixteen among Europe's major companies initiate to push forward the development of sustainable finance, setting up the Corporate Forum on Sustainable Finance, 'The Forum'. It is designed as a permanent network based on exchanging ideas and views and unites crucial 'Green Issuers'.

The CMA CGM Group, a worldwide leading shipping group, has decided to support the financial and industrial development of Agricool, specializing in urban agriculture, based on recycled containers, in order to enable it to launch its industrialization phase. Several containers are currently being tested. The Group is now the main supplier of containers and the primary logistics and supply partner of this young company.

The global offshore wind energy market is expected to develop over USD 49.74 billion by 2023 at an estimated CAGR of around 11.12% during the period 2017 to 2023. An important factor of the growth in this sector, is the high demand on clean and reliable energy, aiming to decrease carbon emissions and keep an environmentally-friendly balance.

IRENA, the Assembly of the International Renewable Energy Agency, launched 'A new World' report, according to which, the Global Commission on the Geopolitics of Energy Transformation supports that the geopolitical and socio-economic consequences of a new energy age may be as profound as those which accompanied the alter from biomass to fossil fuels two centuries ago. These include changes in the position of states, the importance of new leaders, more energy actors, alter in trade relations and the emergence of new alliances.

The European Investment Bank (EIB) launched a new public consultation on energy financing to better reflect energy industry trends and to enhance its support for the European Union’s 2030 energy and climate targets. The next three months, EIB will engage with stakeholders, including shareholders, industry associations, civil society and the private sector to develop a new energy lending policy that supports EU targets.

According to EIA, 23.7 gigawatts (GW) of new capacity additions and 8.3 GW of capacity retirements are expected for the U.S. electric power sector in 2019. The additions are embodied by wind (46%), natural gas (34%), and solar photovoltaics (18%), with the remaining 2% consisting primarily of other renewables and battery storage capacity.

Wave and tidal energy market was valued at USD 487.7 million in 2014 and is anticipated to reach USD 11,365 million in 2024, expanding at a CAGR (Compound Annual Growth Rate) of 23% from 2016 to 2024, according to a new report by Market Research Engine.

Global OTEC Resources, a business aspiring to bring a new form of renewable energy to tropical resorts, has released images of its first design concepts. The company has reached a cost model for harnessing the thermal energy stored in our oceans which is comparable to, if not cheaper than, the cost of running diesel generators.