Even though prices for solar PV modules are higher than last year, along with long delivery times and rising freight costs, demand should grow in the second half of this year. LONDON: Global solar photovoltaic installations are expected to grow by 27% this year to a record 181 gigawatts (GW), led by China, the United […]
Renewable Power Capital enters venture to develop 3.4 GW of Spanish solar
RPC will be a 50:50 joint venture partner with Spanish photovoltaic developer Benbros Solar S.L. LONDON: Renewable Power Capital (RPC), a renewable energy investment platform backed by the Canada Pension Plan Investment Board, said it had entered a venture to develop 3.4 gigawatts (GW) of solar energy projects in Spain. RPC will be a 50:50 […]
Global wind industry could install almost 1 TW of new capacity by 2030, report says
China’s target of having 1,200 GW of wind and solar by 2030 could result in 408 GW of new wind capacity from 2021 to 2030, almost half of the global total, the report said. LONDON: The global wind industry could install nearly 1 terawatt (TW) of new capacity between now and 2030, with much of […]
UK government announces landmark deal in green energy transition
High-skilled oil and gas workers and the supply chain will not be left behind in the transition to a low carbon future, the Britain government vowed on Wednesday as a landmark North Sea Transition Deal is agreed with industry. London: High-skilled oil and gas workers and the supply chain will not be left behind in […]
UK government announces landmark deal in green energy transition
High-skilled oil and gas workers and the supply chain will not be left behind in the transition to a low carbon future, the Britain government vowed on Wednesday as a landmark North Sea Transition Deal is agreed with industry. London: High-skilled oil and gas workers and the supply chain will not be left behind in […]
Australia losses driving up renewable energy premiums
Renewable energy premiums are set to increase even more this year, pushed up by claim losses in Australia, according to a research paper jointly prepared by London-based broker BMS Group’s renewable energy team in Australia. The paper, a partnership project with renewable energy specialist GCube Underwriting, says losses in Australia continue to dominate global claims […]
China’s five-year plan focuses on energy security
The Five-Year Plan (FYP-14) recommits the government in very broad terms to “formulate an action plan for peaking carbon emissions before 2030” LONDON: In the 14th Five-Year Plan, approved by the National People’s Congress this month, China has outlined energy and climate policies for the next decade that are an extension of current strategy rather […]
Biggest Aluminum Maker in Middle East Sees Prices Staying High
Emirates Global Aluminium expects prices around $2,000 in 2021 Company says it’ll be ready for IPO when shareholders want one Emirates Global Aluminium PJSC,one of the world’s biggest producers of the metal, expects prices to remain elevated this year as the global economy recovers from the coronavirus pandemic and vaccine rollouts continue. Positive market sentiment […]
Booming electric vehicle sales drive surge in cobalt prices
Payables – a reference to the percentage of the cobalt metal price used to price hydroxide, a feedstock for electric vehicle (EV) batteries – are up at around 93-94% from about 63-69% a year ago, analysts from Benchmark Mineral Intelligence said. LONDON: Demand and prices for battery material cobalt are soaring as electric vehicles stream […]
UK government to invest $132 million in new offshore wind facilities
Able Marine Energy Park, in the Humber region, will receive up to 75 million pounds, and Teesworks Offshore Manufacturing Centre on Teesside, will get up to 20 million pounds. LONDON: Britain will invest 95 million pounds ($132 million) in the construction of two new facilities to service a big expansion in offshore wind farms, creating […]