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Investing in new nuclear is ‘bad for the climate’
New nuclear is less cost-competitive than wind, solar or electricity storage options and hinders investments in renewable energies that could otherwise be deployed much faster, according to a peer-reviewed commentary published in the scientific journal Joule.
read more... 27/07/2023
Britain's Octopus Energy to invest $20 billion globally in offshore wind by 2030
Renewables investor Octopus Energy Generation plans to invest $20 billion in offshore wind by 2030, aiming to boost energy security and reduce dependence on fossil fuels, it said on Monday.
read more... 25/07/2023
Daily (24.07.2023): The German day-ahead power price dropped by around 27% amid strong renewables and low demand
Crude oil prices increased on Friday following the announcement made by Russia and Saudi Arabia to reduce production and exports. Hence, Brent crude hiked by 1.8% to end at $81.07 a barrel.
read more... 24/07/2023
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Global power demand growth to rebound in 2024 after slowdown
An ongoing energy crisis and an economic downturn is expected to slow global power demand growth in 2023, but a probable rebound in 2024 means more renewable capacity needs to be developed, the International Energy Agency (IEA) said on Wednesday.
read more... 20/07/2023
Germany more flexible on hydrogen transition, emphasises speed
Germany is set to hold on to its hydrogen economy goals up to 2030 and beyond while pressing for speed and allowing greater leeway in transitioning from fossil fuels-based variants to renewables, a draft paper showed on Wednesday.
read more... 13/07/2023