The European Commission has adopted new rules on public support for projects in the field of environmental protection and energy. The guidelines will support Member States in reaching their 2020 climate targets, while addressing the market distortions that may result from subsidies granted to renewable energy sources. To this end, the guidelines promote a gradual move to market-based support for renewable energy. They also provide criteria on how Member States…….
Fennovoima’s owners Voimaosakeyhtiö SF and RAOS Voima Oy have today on April 15th made the binding decision to construct and finance Fennovoima’s nuclear power plant in Pyhäjoki. According to Fennovoima, the nuclear plant “supports Finland’s competitiveness and the operations of its owner companies. The project increases Finland’s self-sufficiency in electricity generation and strengthens the security of supply. According to the agreed schedule, the power plant will generate electricity for its…….
Clean Energy Pipeline, “the online financial news and data service dedicated to the clean energy sector”, reports that “new investment in the global clean energy sector totalled $61.0 billion in 1Q14, representing a 14% increase on the $53.4 billion invested in the corresponding period in 2013.” “New clean energy investment was encouraging in 1Q14, marking a welcome change from recent press releases where we have been reporting year-on-year declines.” commented Douglas…….
Meters and More AISBL has recently been joined by 10 new Members: Bitron S.p.A. (Italy), AEM SA (Romania), as Full Members, and Ambient Corp. (USA), CAM Chile S.A. (Chile), Capgemini Service (France), El Sewedi EMG (Egypt), Janz Contadores de Energia SA (Portugal), ZIV Aplicaciones y Teconologìa SL (Spain), Tekpea Inc. (USA) and HPL Electric&Power PVT.LTD. (India) as Associated Members. The Meters and More Association was founded by Enel and Endesa…….
RWE, the German utility known for its reliance on large lignite, coal and nuclear power stations, and its high CO2 emissions, is undergoing a fundamental transformation. “We want to use our leading market position to take our customers into a new future”, explains RWE’s Dutch CEO Peter Terium in an exclusive interview with Energy Post. “My dream, my vision is that RWE will put solar panels on your roof, a…….
For the past five years, Pew Charitable Trusts has tracked investment and finance trends in the world’s leading economies. Over that period, the clean energy industry has been buffeted by a global recession, broad changes in energy markets, and uncertainty surrounding international policies on clean energy and climate change. Despite these challenges, the clean energy sector is now an annual $250 billion component of the world economy. In a press…….
NEC Corporation has announced the commissioning of an Energy Storage System (ESS) for Enel Group subsidiary Enel Distribuzione, Italy’s largest distribution system operator. The ESS can store two megawatt hours (2MWh) of renewable power for release into the grid as required, making it the largest in Italy and one of the largest in Europe*. The ESS has been connected to the Chiaravalle primary substation in the region of Calabria, where…….
Climate activists are increasingly putting pressure on investors to withdraw investments from major fossil fuel companies, on the grounds that these companies’ “carbon assets” are likely to be “stranded” in the future as the effects of climate change become too far-reaching for policymakers to ignore. In that event, the activists argue, the oil and other fossil fuel companies will not be allowed anymore to exploit their assets, which would leave…….
The incoming president of the Institution of Chemical Engineers (IChemE), professor Geoff Maitland, is calling on engineers to take a leading role in the battle against climate change, and the transition to low carbon, renewable energies. Global energy consumption is expected to grow by over 50 percent by 2040 with fossil fuels continuing to dominate, providing up to 80 per cent of energy needs1. Over the same period, carbon dioxide…….