Tag: renewable energy

On the sidelines of the Second Energy Interconnections summit on 27 July, European leaders signed the Lisbon Declaration, aiming to strengthen regional cooperation in the framework of the Energy Union and better integrate the Iberian Peninsula into the internal energy market.

The European Commission has approved a French project promoting electricity generation from tidal energy, which was found to be in line with EU State aid rules, while it is expected to contribute further the EU's energy and climate goals without distorting competition in the Single Market.

The New Jersey Board of Public Utilities proposed a rule that would establish an offshore wind funding mechanism known as an Offshore Wind Energy Certificate. The program intends to help the state reach its immediate goal of 1,100MW of offshore wind capacity and pave the way for the ultimate goal of 3,500MW.

The Irish Minister for Communications, Climate Action and Environment, Denis Naughten, T.D. received Government approval for the new Renewable Electricity Support Scheme. The new Scheme aims to introduce sufficient renewable electricity generation to meet national and EU-wide renewable energy and decarbonisation targets out to 2030.

Global energy investment totaled USD 1.8 trillion in 2017, a 2% decline in real terms from the previous year, according to IEA’s World Energy Investment 2018 report. The electricity sector attracted the largest share of investments in 2017, exceeding the oil and gas industry for the second year in row.

The fossil fuel share of total US energy consumption in 2017 was the lowest share since 1902, at a little more than 80%, as US fossil fuel consumption decreased for the third consecutive year, according to EIA. This decline was driven by slight decreases in coal and natural gas consumption.

As global energy consultancy Wood Mackenzie reports, China will stop approving subsidised utility-scale solar power stations in 2018 and put a cap on distributed projects at 10GW. This shocked the stock market, with solar companies dropping by 15% in the two days after the announcement.

In its 'Energy Trends' report for Q1 2018, the UK Department for Business, Energy and Industrial Strategy said the country has made 15% progress in the target set under the 2009 EU Renewable Directive. Provisional calculations show that 10.2% of final energy consumption in 2017 came from renewable sources; up from 9.2% in 2016.

At World Gas Conference in Washington, Snam, IGU and The Boston Consulting Group launched the 2018 edition of the Global Gas Report, assessing the role of natural gas in the global energy mix. The majority of forecasters expect gas to grow from the current 22% to over 24% of the global energy mix by 2035. 

During June 25, the first-ever bunkering of liquefied biogas in Sweden, took place at the Port of Gothenburg. 'Fure Vinga' received 40 cubic metres of LBG directly from a road tanker. This LBG bunkering was the second ever globally, and took place without an incident. LBG can be used in vessels that are using LNG.