Markets & Policy

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.

Lazard’s newly released Levelized Cost of Energy Analysis 12.0, and Storage 4.0, finds that where utility scale wind works, it dominates – and that the unsubsidized cost to build new utility wind and solar facilities is equal to, and often less than running already-built fossil facilities.

Companies keen to offset their carbon emissions will be able to purchase renewable energy certificates at Singapore’s first blockchain-powered marketplace, launched by electricity provider SP Group.

Governors-elect in Colorado and Connecticut want a 100% renewables mandate. Approaching 100% is the goal for governors-elect in Illinois, Nevada and Maine.

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.

At an event held in Madrid this week, the Spanish solar sector made it clear that it is more than ready to achieve the government’s renewable energy targets, which include 50 to 60 GW of new PV capacity by 2030. The sector is experiencing a rebirth.

The European Bank for Reconstruction and Development (EBRD) yesterday unveiled details for Lebanon’s first Green Economy Financing Facility (GEFF), the largest thus far in the bank’s Southern and Eastern Mediterranean region (SEMED). The GEFF program is set to address key issues of energy security, efficiency and sustainability for the Middle Eastern country.

CPUC has signed off on four lithium-ion battery projects in California, the United States, one of which at 300 MW is the largest battery project to date known by pv magazine.

In the first nine months of 2018, the energy division of the Germany-based group recorded a loss of over €10 million. By the end of the year, earnings are expected to enter positive territory, however,

No, Rupert Murdoch’s son will not be running the world’s largest EV maker.