Changes in energy mix are necessary to enable development and integration of mature renewables and meet both a projected 40% increase in the demand for energy until 2040, and the commitments derived from the Climate Summit in Paris, Ignacio Galán, Chairman of Iberdrola, said today during the annual
Dramatically scaling up renewables in the global energy mix by 2030 would increase global gross domestic product (GDP), social welfare and employment worldwide, according to a new report released by the International Renewable Energy Agency (IRENA). Renewable Energy Benefits: Measuring the Economics
The Offshore WIND staff would like to wish all our readers a happy, prosperous, and offshore wind-powered 2016! Happy New Year! Image source: Marc Pearce
French multinational bank BNP Paribas will more than double the financing resources allocated to the renewable energy sector, from EUR 6.9 billion in 2014 to EUR 15 billion in 2020, and strengthen its policies for the management of carbon risk. The bank will also continue to promote Green Bonds to i
Developing nations eclipsed the world’s wealthiest countries in 2014, attracting more clean energy investment and building more wind, solar, and other renewable power generation than ever before, according to a global assessment released by Bloomberg New Energy Finance today. Climatescope, the clean
Wind turbine technology has matured significantly, resulting in substantial reductions in LCOE and increased competitiveness of wind energy on the grid. Turbines have grown larger, more productive, cost effective and reliable due to technology investments. The next decade will bring further change,
The Global Wind Energy Council (GWEC) and Greenpeace International have released the 2014 edition of the Global Wind Energy Outlook in Beijing. The report shows that wind power could reach 2,000 GW by 2030, and supply up to 17-19% of global electricity, creating over 2 million new jobs and reducing
Research and Markets has announced the addition of the “Global Tidal Energy Market 2014-2018” report to their offering. The Global Tidal Energy market will grow at a compound annual growth rate (CAGR) of 24% over the period 2013-2018, the report says. Tidal energy is a form of hydropower generation,
Resolute Marine Energy, Inc. (RME) recently completed the registration of its 100% owned subsidiary in the Republic of South Africa, Resolute Marine SA (Proprietary) Limited (RMESA). RME COO Olivier Ceberio commented: “We’ve been developing solid business relationships in South Africa for over 5 yea
The International Renewable Energy Agency (IRENA) has published a series of technology papers exploring the potential for power generation and other sustainable applications from ocean energy. The papers cover the main features and current status of four technology types: tidal energy; wave energy;
The report Ocean Energy: Supporting Policies Review is part of the activities of the Annex I – Review, Exchange and Dissemination of Information on Ocean Energy Systems, of the Ocean Energy Systems (OES) work programme. By means of this report, the OES intends to emphasize the range of policy and fu
Demand for new wind power equipment is set to contract in the EMEA region in 2013 and 2014, in spite of an expected strong global market recovery in 2014 – the legacy of weak economic growth and political weakness across the region. However, consistent with the region’s leading market status, MAKE C
The International Renewable Energy Agency (IRENA) opened its Africa High-level Consultative Forum, one of the year’s largest summits of African energy ministers and experts and the only to concentrate exclusively on renewable energy. Building on the endorsement of IRENA’s 148 member countries for an
A growing number of global wind resource assessments have demonstrated that the world’s technical potential for wind power exceeds current global electricity production. The theoretical potential for wind, as estimated by the global annual flux, has been estimated at 6,000 EJ/yr (Rogner et al., 2000
