World’s top renewable firms reel even as installations surge
The biggest manufacturers of wind turbines and solar panels are facing their most serious financial challenges in years even as deployments of clean energy head for an annual record.
The biggest manufacturers of wind turbines and solar panels are facing their most serious financial challenges in years even as deployments of clean energy head for an annual record.
A new 20-acre solar park has opened in Angus in the Northeast of Scotland, boosting green energy production in the local area.
Scottish Renewables is calling on the UK government to take urgent action to maintain the country's position as a 'world leader' in renewables.
Scottish Renewables has announced the shortlisted nominees for the 2023 Scottish Green Energy Awards, set to be held on November 30 in Edinburgh.
The chief executive officer of Norwegian renewable energy company Statkraft has stepped down after 14 years in the position.
Leading solar company ESE Group recently launched a revolutionary new device that allows customers to earn instant cash from everything they generate from their solar panels and battery storage systems.
Ørsted has entered its first solar project in the UK, buying a share in a 740MW development site in Nottinghamshire.
The first priority is to secure regulatory approvals. SunCable will apply to the Singapore Energy Market Authority (EMA) to secure an import licence later this month.
SLR said there would be a “blend” of renewable energy resources in order to provide power 24 hours a day.
Statistics Canada reported recently that Alberta’s energy prices rose by 127.8% in July, compared with the same month in 2022.
Foreign migrant workers had been “subjected to unethical recruitment including the payment of recruitment fees in their home countries, passport retention, and the unlawful retention of wages”.
“As a result, market confidence in South Africa’s utility-scale public procurement appears too low to underpin industrial and inclusive development on its own,” the report said.
A team of Rice Uni engineers claim they can successfully turn sunlight into hydrogen with record-breaking efficiency in a single and apparently durable, cost-effective and scalable device.
The European Union should take steps to stop the waste of solar energy and limit negative pricing in order to encourage investment, according to renewable energy groups.
“The issue these days with banking is not so much that there isn’t interest, but it’s more about how it’s structured. Smaller developers don’t know how to access these frameworks.”
“It’s transition on our own terms, with our own resources. We need to get smarter about how we articulate that, not as victims, or as people to be allowed to do things,” said Yvonne Ike, head of sub-Saharan Africa at Bank of America. “We need to work with the countries that get it, so from the Gulf, from Asia.”
Documents have set out in detail the location and proposals for the solar farm and production facility in the south of Aberdeen.
“Diesel may win out as being the easy choice,” Alexander said, but it poses other challenges around maintenance and lifespan. “When we started, the conversation around diesel was on cutting costs – and we are still able to do that. We can offer 30-40% cost savings.”
The UK government has announced a new multi-million funding package to help develop technologies for the space-based solar power sector.
Investors will pour more money into solar power than in oil production this year for the first time, signaling the scale and speed of the transition to low-carbon sources of energy.
Emery said that senior leaders at the IFC had undermined the “ambitious and thoughtfully designed” plan through a desire to “tell a magical story where a pinch of best practices and a dash of de-risking” would be enough to unlock the required financing.
Solar panel technology has come a long way over the past 40-50 years, however, it is clear that effective, comprehensive global recycling is not.
The project could create 10,000 jobs in Morocco during construction, of which 2,000 will be permanent. In the UK, Xlinks believes it could create 1,350 permanent jobs.
Floating solar panels are to be installed in the waters off Scotland for the first time this year - with First Minister Humza Yousaf insisting the technology has "significant potential".
The first five bidders, named in December, were to build 860 MW of capacity. The ministry was seeking 1,000 MW. The DMRE said the IPP office and the bid adjudication committee had recommended Ngonyama.