Renewables/Energy Transition

Renewables/Energy Transition

Coconuts and solar free Island nations from fossil fuel prices


Renewables are beating fossil fuels on cost in island nations from the Pacific to the Caribbean, where governments are seeking to limit their exposure to volatile market prices. “We’re so far-flung from the sources of fossil fuels that by the time they reach us, with all the shipping, you pay a substantial cost,” said Tommy Remengesau, the president of Palau, whose nation is located almost 1,000 miles (1,600 kilometers) east of the Philippines in the Pacific Ocean. “It’s an economic advantage for us to go for renewables.”

Renewables/Energy Transition

GCube strikes deal with Xcel Energy for onshore windfarm


GCube has signed a deal with Xcel Energy for a 200MW wind energy project in North Dakota. The company, which acts as an underwriter for renewable energy initiatives, will be providing insurance for all construction risks. The development in Courtenay, North Dakota, forms part of plans to expand its wind portfolio by around 40% and is expected to add a further 1.9GW of wind throughout their service territory over the next few years.