As of today, less than 10% of the necessary solar and wind power needed for a 2050 global net zero scenario exists, whilst global electricity generation will need to more than triple to 80,000TWh, according to the 2022 BloombergNEF (BNEF) New Energy Outlook. The report outlined two scenarios: a Net Zero Scenario, wherein a feasible,
The UK government is to relax its de facto ban on onshore wind following growing pressure from MPs. It is to consult on changes to the national planning policy it has announced, following “positive engagement with MPs.” In November, Simon Clarke MP, the former Secretary of State for Levelling Up, Housing and Communities, put forward
As of today, less than 10% of the necessary solar and wind power needed for a 2050 global net zero scenario exists, whilst global electricity generation will need to more than triple to 80,000TWh, according to the 2022 BloombergNEF (BNEF) New Energy Outlook. The report outlined two scenarios: a Net Zero Scenario, wherein a feasible,
Major wind turbine makers are reporting massive losses and laying off swaths of employees. Siemens CEO sees supply chain snarls as a major challenge to future growth. European wind companies have also financially overextended themselves. Why isn’t wind power going gangbusters? In Europe, the energy crisis is causing solar power growth to break record
Ministers are planning to ban solar farms from most of England’s farmland, the Guardian can reveal. The new environment secretary, Ranil Jayawardena, is understood to oppose solar panels being placed on agricultural land, arguing that it impedes his programme of growth and boosting food production. To this end, say government sources, he has asked his
Octopus Energy has doubled its Fixed Outgoing tariff to help lower customers' bills as they head into winter. This will increase from 7.5p/kWh to 15p/kWh, with all customers on the tariff seeing their rate automatically changed from today (20 September). This includes domestic customers with solar installations that also use Octopus Energy as a supplier. Customers
The UK’s general public is overwhelmingly supportive in building new wind and solar farms in order to tackle the ongoing cost of energy crisis, according to Survation. Identified within polling released by Survation and commissioned by RenewableUK, the data showcased that almost every constituency in the UK is in favour of developing renewable generation sites
Wind farms paying back through the Contracts for Difference (CfD) scheme due to high power prices could now pay back £25 to each household from this October. According to new analysis from the Energy and Climate Intelligence Unit (ECIU), the process for these payments reaching bills was previously unclear and the benefits delayed. But a
Global increases in the cost of materials, freight, fuel and labor have set prices for new-build wind and solar back to where they were in 2019, according to a new report from BloombergNEF – but the setback for renewables is temporary, while for fossil fuels the cost gap continues to widen. The BloombergNEF report,
Average day-ahead, within-day and system prices in Q1 2022 all more than tripled compared to Q1 2021 as a result of the Russian invasion of Ukraine, EnAppSys has found. During Q1 2022, the average EPEX day-ahead price was £200.80/MWh, while the corresponding Nordpool price was £199.63/MWh — over triple the average prices for the