UK based energy data service provider and consultancy EnAppSys released its quarterly review of the European energy market. While renewables have covered a large chunk of the continent’s demand, that trend will likely change in the second half of the year, as production from renewables falls. Meanwhile, coal generation is being pushed out of the U.K. market, although not fully to the benefit of renewables as gas-fired power plants are picking up momentum.
… and it will be quite an effort. The U.K.’s grid operator, National Grid, released a new report on possible energy system transformation pathways, amidst growing public concern over climate change. Ramping carbon emissions reduction targets up from 80% to 100% prompts technical challenges. These can be overcome but will require full alignment of policy effort and individual awareness and decision making.
The Anglo-American company is the latest utility to enter the utility-scale solar and wind development space by closing on its acquisition of Geronimo Energy.
An investor tool examining the coal fleets of major global power companies has offered up analysis which flies in the face of arguments solar and wind generation could help turn around the debt-saddled South African utility.
While Spain, Sweden, Ukraine and Brazil attracted more funds than last year, China’s transition to an auction-based procurement system and slow performance overall in Europe saw worldwide backing decrease. BloombergNEF does expect investments to ramp up in the second half, however.
The 3.3 million U.K. households that get their electricity from E.on will receive only renewable energy. The company referred to a public opinion poll as a motivation for the move.
Two of the nation’s largest commercial fleet operators have pledged to go all-electric by 2030, beating the government’s ambition by a decade, and carmaker Jaguar Land Rover has made a big electrification announcement – but insisted the politicians need to show similar bold ambition.
U.K. Power Networks has tendered 18.2 MW of flexible power capacity to six companies across eight regions. With regular feed-in returns hanging in the wind in the U.K., flexibility and peak time management payments could be an alternative source of income for the solar industry.
The British-German perovskite startup has closed series D funding with another £34 million to bring the money raised in the round to £65 million.
Joining the growing club of European countries setting carbon neutrality deadlines, new Danish PM Mette Frederiksen has announced her administration will look at reducing greenhouse gas emissions by 70% by 2030.
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