The UAE has unveiled an ambitious agenda to triple the contribution of renewable energy to its overall power mix within the next seven years, as part of its broader efforts to mitigate climate change impacts and strive towards climate neutrality.…
Germany Pledges Support for Kenya’s Shift to 100% Renewable Energy
Germany has promised both financial and technical assistance to Kenya to help the nation reach its goal of transitioning to 100% renewable energy by 2030. German Chancellor Olaf Scholz praised Kenya for its robust leadership and investments in geothermal energy,…
Wholesale Energy Prices Plunge as Renewable Sources Surge in Australia
A remarkable growth in renewable energy production from solar and wind sources has led to a significant decline in fossil fuel-based generation in Australia’s largest electricity grid. This shift has caused wholesale power prices to plummet, as reported by the…
Collaborative Power Generation: The Future of Renewable Energy Adoption
A coalition of energy firms, spearheaded by the German Renewable Energy Federation (BEE), emphasizes the importance of energy sharing in boosting local support for the energy transition. They argue that more effective implementation is necessary and have developed a blueprint…
Australia Shuts Down Its Oldest Coal Power Plant in Shift Towards Clean Energy
In a historic move, Australia, once infamous for its weak climate policies, has decommissioned its oldest coal-fired power plant, making way for a significant shift towards renewable energy. The Liddell power station, located a three-hour drive north of Sydney, is…
Exploring the Potential of Green Power in the Renewable Energy Landscape
The green power industry, valued at $41.1 billion in 2019, is expected to grow exponentially to reach a staggering $103.5 billion by 2027, expanding at a CAGR of 12.3% from 2020 to 2027. Green power is defined as electricity generated…
Institutional investors are becoming more interested in solar energy
Solar energy is looking more appealing than ever to institutional investors as a result of declining production costs, advances in technology, and a global push for a transition to clean energy. According to Bloomberg, by the year 2040, solar energy…
Iberdrola plans to have more than 80% of its high and medium voltaje grids around the world upgraded to smart technology by 2025
Iberdrola has committed to digitalizing more than 80% of its transmission and distribution networks by 2025 as part of its energy transition plan and in an effort to aid in the decarbonization of the economy. Grids are the foundation of…
Mechanical engineers dub net zero transition ‘world’s most ambitious engineering project’
A newly released report from the Institution of Mechanical Engineers outlines the engineering challenges that must be overcome in order to achieve net zero emissions. According to the leading trade body in the UK for mechanical engineers, the transition to…
Worldwide sales of e-cars break all records
Electromobility is gaining popularity all over the world. Sales of electric vehicles have increased significantly over the last three quarters in each of the three major markets, China, Europe, and the USA. Although China continues to be the unchallenged leader…