100% renewable powered world now in reach

100% renewable powered world now in reach

Generating all the world’s power from renewable sources is already a “tangible reality” and not simply a “long-term vision”, according to a new report.

The study, undertaken by university researchers in Finland and the and the Energy Watch Group (EWG), said that the global electricity system can run using renewables and storage during every hour throughout the year.

The report, which was launched at the United Nations’ COP23 climate change conference in Germany, said that switching to...

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Industry reacts to SSE and npower merger plans

Plans to merge the retail arms of SSE and npower have raised questions among industry experts.

The £11 billion company, in which SSE shareholders would own around two-thirds of the shares, would have 11.5 million customers and would be listed on the London stock market.

If the deal receives backing from shareholders then it would be completed in late 2018 or early 2019.

Alistair Phillips-Davies, Chief Executive of SSE, said:

“The scale of change in the energy market means we believe a...

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Global clean energy transition initiative launched

The International Energy Agency (IEA) has launched a Clean Energy Transitions Programme to help cut carbon dioxide emissions and increase access to electricity.

Thirteen countries have donated €30 million (£26.5m) to the fund, including £8m from the UK.

The cash will go to countries and regions in which it can have the highest impact.

Contenders for funding include Brazil, China, India, Indonesia, Mexico and South Africa.

Benefits all round

“The IEA’s member countries will benefit from...

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Businesses urged to have say on energy cost review

Business & Energy Secretary Greg Clark has launched a consultation on the findings of Professor Dieter Helm’s “Cost of Energy Review”.

Clark has called on businesses, industry and consumer groups to have their say about the report.

He said: “I commissioned this review to start a debate about the future of our energy markets.

“Now, I am opening up that debate, asking everyone with an interest to give us their views on Professor Helm’s ideas for bringing down the cost of energy for...

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Digitalisation to ‘transform’ energy sector

Using more digital technology to run electricity networks could save the global power section $80 billion (£61bn) a year, according to a new report.

The International Energy Agency (IEA) calculated that around 5% of the total annual generation costs could be cut.

A further $270bn could be saved by not adding further infrastructure to the global network by freeing up 185GW of flexibility.

Fatih Birol, Executive Director at the IEA, said: “The electricity sector and smart grids are at the...

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Court decision clears way for Scottish wind farm

The Supreme Court has rejected the Royal Society for the Protection of Birds’ (RSPB’s) attempt to block the construction of the 450MW Neart na Gaoithe wind farm in the Firth of Forth.

Mainstream Renewable Power, the Irish company behind the project, said construction could now begin as early as 2018.

Andy Kinsella, Chief Executive at Mainstream, said: “After more than two and a half years, two court hearings and two rejected applications for leave to appeal by RSPB Scotland, we can finally...

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Sector Round Up - 14/11/2017

Octopus expands solar refinancing portfolio

Octopus Investments, Europe’s largest commercial solar investor, has added a further 100MW of capacity to its refinanced portfolio, taking the total to 622MW.

The refinancing package was extended by £80 million to £564m.

A syndicate of nine banks have backed the refinancing.

> Read Octopus's announcement

Offshore energy robot project launched

The Edinburgh Centre for Robotics – a consortium that brings together Heriot Watt University, the...

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Businesses urged to seize supply chain opportunity

Corporates could have a significant impact on accelerating the low-carbon transition by driving greater take-up of renewable energy in their supply chains, according to a new report.

The Renewable Energy in the Supply Chain report has highlighted the huge potential to reduce emissions if corporates leveraged their purchasing power to amplify their own sustainability efforts.

Research for the report compiled by SmartestEnergy in conjunction with the Carbon Trust, CDP and Edie, found that there ...

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Flexible energy sources to hit 25GW in UK by 2030

The capacity of Great Britain’s flexible and distributed power generation could hit 25GW by 2030, according to predictions made by Aurora Energy Research.

The company forecast that the growth in batteries and demand-side response would run at 10% a year, with the market set to triple by 2030, generating annual revenues of £3 billion.

Uncertainties standing in the way of growth include the rate at which renewable energy projects will be installed in Great Britain as costs continue to fall.

...

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Energy resilience warning for companies

Companies that don’t have an “energy resilience strategy” are putting 17% of their revenues at risk, according to a report.

The impact from power blackouts for an average-sized business would be £2.8 million a year, the research found.

Alan Barlow, UK Director of Centrica Business Solutions which compiled the report, said: “There are reputational and financial benefits to an energy resilience strategy so it’s important that organisations make the right investments and take steps towards...

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