The weekend read: Hand in hand

In the world of data centers, two developments have finally joined hands: The rapid increase in required computing power, and the energy transition. This is not only sustainable, but strong business cases are evolving, as was witnessed at this year’s The smarter E Europe in Munich.

IEA World Energy Outlook: Solar PV capacity to overtake all but gas by 2040

Even in its low ball scenario, the International Energy Agency (IEA) imagines that installed solar PV capacity will overtake that of all other forms of energy apart from gas by 2040. Overall, it presents four scenarios in its 2018 World Energy Outlook, which show a changing energy landscape. While it finds that CO2 levels are, perversely, on the rise, and that many energy efforts in all but the most whimsical of its forecasts are far behind those needed to seriously address global warming, it still imagines coal, oil and gas playing a leading role in our energy mix going forward. It also sees “dramatic” transformation in the electricity sector. Long story short: Read something else if you want to take real climate action. We suggest The Drawdown.

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Energy transition slowly forcing hand of oil, gas, but green investment still low

Increasing scrutiny is putting pressure on the world’s biggest oil and gas companies to jump aboard the green energy wagon. While some are making efforts to divest away from conventional energies, figures estimate that just 1.3% of total CAPEX in 2018 from the leading 24 companies will go to alternative energies.

Solar awarded entire 200 MW capacity in France’s mixed energy auction

The entire capacity of an experimental mixed auction for wind and solar has been awarded to large-scale PV projects, the French Government announced. The average tariff price secured was €54.94/MWh.

Toshiba pulls plug on UK nuclear plans leaving path for renewables open

Toshiba Corporation has today said it will abandon plans to build a 3.4 GW nuclear power plant in the United Kingdom. Despite this, the government says it remains committed to its new nuclear path; others say the news leaves room for further renewables development. New statistics, also out today, show the U.K. renewables industry flourishing.

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SMA positive despite net income dip

SMA Solar Technology AG saw its net income fall from €25 million in the first nine months of 2017 to €8 million in the same period this year. Despite the dip, it remains confident of its position in the industry going forward.

EDF commissions 101 MW of PV in Israel

EDF Renewables has commissioned five PV plants in Israel totaling 101 MW, thus bringing its total solar capacity in the country to nearly 300 MW.

Poor polysilicon performance affects Wacker’s Q3

Despite its chemical business performing strongly, Wacker Chemie AG’s Q3 2018 financials took a tumble, with polysilicon sales and EBITDA sharply declining. The blame has been laid on China’s PV policy change in May.

Toshiba announces new $144 million SCiB battery factory

Toshiba Corporation has announced it will invest JPY 16.2 billion (around US$144 million) in a second Japanese manufacturing facility for its SCiB rechargeable lithium-ion batteries.

2035: The renewable energy tipping point

The tipping point, where the world shifts from oil and gas to renewables, will be the year 2035, says Wood Mackenzie. This is when renewables and electric-based technologies converge, with around 20% of global power needs being met by solar or wind, and roughly 20% of miles traveled by cars, trucks, buses and bikes using electricity. Will the transition come soon enough, however?

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