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Some USD 7.8 trillion will be invested in renewable energy over the next 25 years, with wind power, both onshore and offshore, attracting USD 3.1 trillion, according to Bloomberg New Energy Finance's (BNEF) New Energy Outlook 2016. USD 3.4 trillion is forecasted to be pored into utility-scale, rooftop and other small-scale solar, and USD 911 billion […]
Developing renewable power resources such as wind and solar presents a USD 12 trillion investment opportunity over the next 25 years, Michael Liebreich, chairman and founder of Bloomberg New Energy Finance, said during the Investor Summit on Climate Risk held at the United Nations' headquarters in New York yesterday. According to a study released by Ceres and Bloomberg New Energy Finance, renewable energy […]
The next decade and a half will see renewable energy raise its share of European electricity generation capacity from 40% in 2012, to 60% in 2030, while the share of fossil-fuel sources such as coal and gas falls from 48% to 27%, according to a major report from research company Bloomberg New Energy Finance. The […]
Over a trillion dollars have been invested in renewable energy, energy efficiency and smart energy technologies since records began in... (businessgreen) [mappress] Source: businessgreen, December 08, 2011
Macquarie’s Green Investment Group (GIG) has completed the installation of South Korea’s first floating LiDAR, marking the launch of the 1.4GW Ulsan offshore wind project. Located about 60 kilometers east of Seosang-myon, Ulju-gun, Ulsan City, the Ulsan project is being progressed in three separate phases. Development of the first 400MW phase is targeted for completion […]
Offshore Wind Magazine interviews Brent Wanner, the International Energy Agency’s lead of power generation analysis in the World Energy Outlook team, to find out more about what its global comprehensive analysis, which extends beyond the memberships, is revealing about the future development of offshore wind. Brent Wanner has been with the IEA focused on power […]
South Korean President Moon Jae-in has announced a 4GW solar-offshore wind complex with the Saemangeum reclaimed land area in Gunsan, Jeollabuk-do Province, at its centre.
Forty-three British companies doing business in wind and marine energy sectors closed 445 deals for 434 projects across the globe and exported goods and services to 44 countries in 2017, with Germany being the leading market, according to RenewableUK's latest report Export Nation.
German wind power developer wpd AG has signed a Memorandum of Understanding with CR Classification Society, two Taiwan's research and development bodies, and representatives from engineering think tanks, and will assist Taiwan in reaching its aim of increasing domestic financial operators' willingness to invest in offshore wind farms.
The Offshore Renewable Energy (ORE) Catapult has launched a new research programme aiming to accelerate Chinese offshore wind development with the help of UK companies.
Offshore Energy Exhibition and Conference on Tuesday hosted ‘The rise of renewables session’ that offered a quick-scan of various renewable energy technologies currently under development and the markets set for their commercial implementation.
Together with the UN Environment Finance Initiative (UNEP FI), eleven of the world’s leading banks have committed to developing analytical tools and indicators to strengthen their assessment and disclosure of climate-related risks and opportunities.
Offshore wind levelized costs will slide 71% by 2040, according to the latest long-term forecast from Bloomberg New Energy Finance (BNEF).
Chinese shipbuilder Jiangsu Hantong Ship Heavy Industry has held a keel laying ceremony for a jack-up wind farm installation vessel (WFIV) being built for Nantong Ocean Water Construction.
The UK Department for International Trade (DIT) has organised a mission to China and Taiwan to promote British expertise in the offshore wind industry and assist in the development of the sector in these two countries.
80% of power generation and 65% of total primary energy supply should come from renewables if global energy-related carbon dioxide (CO2) emissions are to be reduced by 70% by 2050 and completely phased-out by 2060, according to new findings released by the International Renewable Energy Agency (IRENA). While the overall energy investment needed for decarbonising the […]
Chinese shipbuilder Jiangsu Hantong Ship Heavy Industry has held a steel cutting ceremony for a jack-up wind farm installation vessel being built for Nantong Ocean Water Construction.
Taiwan's government plans to phase out nuclear power plants and have an energy mix containing 50% natural gas, 30% coal and 20% renewable energy by 2025. The country's energy plan, announced by Taiwan's President Tsai Ing-wen, also involves improvement of the power distribution system.
The British Chamber of Commerce Shanghai has launched a UK-China hub for offshore wind.
China plans to invest CNY 2.5 trillion (USD 361 billion) in renewable energy projects by 2020, according to the country's National Energy Administration (NEA). The announced investment is part of the country's 13th Five-Year Plan for Renewable Energy Development which is expected to ensure that renewable energy projects contribute to half of the country's electricity generation by […]
Ernst & Young (EY) has found that an average power and utility megaproject is delivered 35% over budget and two years behind schedule, with offshore wind and gas-powered generation projects suffering significantly less delays and cost overruns than water, hydropower, nuclear and coal projects. In its latest research on cost and schedule overruns on big infrastructure […]
Renewable energy as a vital part of the future US energy mix has been put under a question mark after the announcement that Donald Trump won the presidential elections, given that his energy policy is most likely to revolve around fossil fuels. If this will affect the country's offshore wind industry in any way is […]
Economist Films, part of the renowned magazine The Economist, has produced a documentary investigating how new energy technologies are disrupting the fossil fuel industry. The last part of the documentary shows how the offshore wind technology has advanced and how oil and gas companies are using their offshore expertise to tap into opportunities within the […]
Global energy investment fell by 8% in 2015, with a drop in oil and gas upstream spending outweighing continued robust investment in renewables, electricity networks and energy efficiency, the International Energy Agency (IEA) said in a new report. The World Energy Investment 2016 (WEI 2016) report, a detailed analysis of investment across the global energy system, shows […]
Offshore wind is among the top ocean‑based industries that have the potential to outperform the growth of the global economy as a whole by 2030, both in terms of value added and employment. This is according to "The Ocean Economy in 2030" report, published by the Organisation for Economic Co-operation and Development (OECD) on 27 April. The projections suggest […]
IRENA has laid out concrete technology options and outlined solutions and action areas to accelerate renewable energy growth in its latest report on the energy transition in 40 economies, representing 80% of global energy use. REmap: Roadmap for A Renewable Energy Future, finds that doubling renewables in the global energy mix by 2030 is feasible and actually […]