Tag #Energy Transition

Showing 157 to 168 of 294 results

theglobeandmail.com

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Jan 25, 13:08

Trump's Election Triggers Sharp Drop in Orsted's Share Price

Orsted, a Danish energy company, experienced a 15 percent share price drop following Donald Trump's election, due to his anti-renewable energy policies, resulting in billions of dollars in write-downs and project cancellations in the U.S. and impacting the global renewable energy sector.

Trump's Election Triggers Sharp Drop in Orsted's Share Price

Orsted, a Danish energy company, experienced a 15 percent share price drop following Donald Trump's election, due to his anti-renewable energy policies, resulting in billions of dollars in write-downs and project cancellations in the U.S. and impacting the global renewable energy sector.

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What is the immediate impact of Donald Trump's election on Orsted's share price and overall prospects in the U.S. renewable energy market?

Orsted, initially a coal-powered company, transitioned to offshore wind, becoming a market leader and demonstrating profitability in green energy. However, Donald Trump's election and subsequent policies caused a significant 15 percent drop in Orsted's share price in a single day, adding to a pre-existing decline.

kathimerini.gr

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Jan 25, 13:08

Greece Fast-Tracks Power Grid Expansion to Integrate Renewable Energy

Greece is fast-tracking licensing for new power transmission lines to alleviate grid congestion from high renewable energy penetration, using fast-track procedures, expropriation, and streamlined environmental approvals to address delays plaguing projects like the Argyroupolis substation and West Co...

Greece Fast-Tracks Power Grid Expansion to Integrate Renewable Energy

Greece is fast-tracking licensing for new power transmission lines to alleviate grid congestion from high renewable energy penetration, using fast-track procedures, expropriation, and streamlined environmental approvals to address delays plaguing projects like the Argyroupolis substation and West Co...

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How will the new licensing framework address past delays in transmission line projects and environmental concerns?

The initiative aims to resolve bottlenecks hindering further RES investments and ensure grid stability. Delays in projects like the Argyroupolis substation and the West Corridor highlight the urgent need for faster licensing. The new regulations will facilitate underground lines, tunnels, and coastal substation placement.

kathimerini.gr

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Jan 24, 16:10

Solar Power Overtakes Lignite in EU Electricity Generation

In 2024, photovoltaic solar power (11%) surpassed lignite (10%) in the EU's electricity generation for the first time, marking a milestone in the green transition as fossil fuels' contribution fell to 16%.

Solar Power Overtakes Lignite in EU Electricity Generation

In 2024, photovoltaic solar power (11%) surpassed lignite (10%) in the EU's electricity generation for the first time, marking a milestone in the green transition as fossil fuels' contribution fell to 16%.

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How did Germany and Poland contribute to the overall reduction of lignite use in the EU?

The shift reflects a broader trend of increasing renewable energy sources. Record installations of new solar panels fueled this growth, despite lower-than-average sunshine. Germany and Poland, major lignite users, significantly reduced their reliance on it, showcasing a transition to cleaner energy sources.

dw.com

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Jan 24, 16:10

Renewable Energy Growth Surges, but Falls Short of Climate Goals

Global renewable energy sources, mainly solar and wind, increased their share in the electricity mix from 5% in 2015 to 19% in 2024, with solar capacity reaching 2200 GW by late 2024, and wind power adding a record 150 GW of new capacity in 2024; however, the growth needs acceleration to meet climat...

Renewable Energy Growth Surges, but Falls Short of Climate Goals

Global renewable energy sources, mainly solar and wind, increased their share in the electricity mix from 5% in 2015 to 19% in 2024, with solar capacity reaching 2200 GW by late 2024, and wind power adding a record 150 GW of new capacity in 2024; however, the growth needs acceleration to meet climat...

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What are the main factors driving the rapid growth of solar power, and what is the global distribution of solar power capacity?

The rapid growth of solar power, driven by low costs and ease of installation, is a key factor. By the end of 2024, installed solar capacity reached approximately 2200 GW, supplying about 9% of global electricity demand. This is a substantial increase from 230 GW in 2015, which only covered about 1% of the demand. China is the leading solar power producer, accounting for 86% of global module production and 44% of global installed capacity.

aljazeera.com

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Jan 23, 19:09

Europe's Clean Energy Surge: Renewables Top Fossil Fuels

In 2023, clean energy sources, led by a record surge in solar power, provided 47 percent of Europe's electricity, surpassing fossil fuels and saving 59 billion euros on imports since 2019, accelerating progress towards its 2030 emissions reduction goal.

Europe's Clean Energy Surge: Renewables Top Fossil Fuels

In 2023, clean energy sources, led by a record surge in solar power, provided 47 percent of Europe's electricity, surpassing fossil fuels and saving 59 billion euros on imports since 2019, accelerating progress towards its 2030 emissions reduction goal.

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How did political and economic factors contribute to Europe's rapid shift towards renewable energy sources?

Europe's transition to clean energy is driven by economic factors and political support across the spectrum. The 55 percent greenhouse gas emission reduction target by 2030 is being pursued through massive investment in renewables, spurred by the pandemic recovery fund and the war in Ukraine. This transition has reduced power sector emissions to less than half of 2007 levels.

nos.nl

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Jan 23, 04:13

EU Electricity Generation: 75% Greenhouse Gas-Free in 2024

In 2024, the European Union generated nearly 75% of its electricity from sources without greenhouse gas emissions, with renewable sources like solar (up 22% from 2023) and wind providing over 47%, while nuclear energy contributed nearly 24%, and coal use dropped to under 10%, its lowest level in 40 ...

EU Electricity Generation: 75% Greenhouse Gas-Free in 2024

In 2024, the European Union generated nearly 75% of its electricity from sources without greenhouse gas emissions, with renewable sources like solar (up 22% from 2023) and wind providing over 47%, while nuclear energy contributed nearly 24%, and coal use dropped to under 10%, its lowest level in 40 ...

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What were the key factors contributing to the significant reduction in greenhouse gas emissions from electricity generation in the European Union last year?

Last year, nearly three-quarters of the European Union's electricity was generated without greenhouse gas emissions. This is due to a significant increase in renewable sources, particularly solar energy, which saw a 22 percent increase compared to 2023. Nuclear energy also contributed significantly, accounting for nearly 24 percent of the total.

elpais.com

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Jan 25, 10:07

Spain's Outdated Electrical Systems Hamper Energy Transition

Outdated electrical systems in approximately 80% of Spanish homes hinder the energy transition, posing safety risks and requiring significant modernization to accommodate new technologies like heat pumps and electric vehicle charging, despite limited government support.

Spain's Outdated Electrical Systems Hamper Energy Transition

Outdated electrical systems in approximately 80% of Spanish homes hinder the energy transition, posing safety risks and requiring significant modernization to accommodate new technologies like heat pumps and electric vehicle charging, despite limited government support.

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What are the key obstacles to electrifying Spanish homes, and what are the immediate safety implications?

Around 80% of Spanish homes have outdated electrical systems, posing safety risks and hindering the country's energy transition. This is largely due to the age of many buildings, with only 22.4% built after the 2002 Low Voltage Technical Regulations. Modernizing these systems is crucial for adopting new technologies like heat pumps and electric vehicle charging.

dw.com

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Jan 24, 16:10

Solar Power's Rapid Growth: Insufficient to Meet Climate Goals

Global renewable energy sources now provide 35% of electricity, with solar leading the expansion at around 2,200 GW, surpassing all nuclear reactors. However, the current growth rate is insufficient to meet climate goals, necessitating significant acceleration and large-scale carbon removal.

Solar Power's Rapid Growth: Insufficient to Meet Climate Goals

Global renewable energy sources now provide 35% of electricity, with solar leading the expansion at around 2,200 GW, surpassing all nuclear reactors. However, the current growth rate is insufficient to meet climate goals, necessitating significant acceleration and large-scale carbon removal.

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How does China's dominance in solar module production and installation influence global renewable energy expansion and its economic implications?

China dominates solar power expansion, accounting for 44% of global installations and 86% of module production, exceeding even the combined capacity of the rest of Asia, Europe and the US. The cost of solar and wind electricity has drastically fallen, making them cheaper than new fossil fuel plants, contributing to increased renewable energy adoption in various sectors. This cost reduction stems from increased efficiency and mass production.

usa.chinadaily.com.cn

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Jan 24, 04:08

China's Petroleum Consumption to Peak in 2025

In 2024, China's investment in non-fossil fuels comprised one-third of global investments, causing a 1.7% decrease in refined oil consumption year-on-year; consumption is expected to peak in 2025 at 382 million tons, driven by the rapid rise of renewable energy and electric vehicles.

China's Petroleum Consumption to Peak in 2025

In 2024, China's investment in non-fossil fuels comprised one-third of global investments, causing a 1.7% decrease in refined oil consumption year-on-year; consumption is expected to peak in 2025 at 382 million tons, driven by the rapid rise of renewable energy and electric vehicles.

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How is the shift in China's petroleum consumption affecting different sectors of its economy?

The decrease in refined oil consumption is attributed to the rapid development of new energy resources, particularly new energy vehicles. However, growth continues in sectors like aviation kerosene and high-end chemical materials, indicating a transformation in petroleum usage.

smh.com.au

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Jan 24, 07:09

Whitebark Acquisition Fuels Alinya 3H Project Exploration

Whitebark Energy's acquisition of King Energy, finalized in early March for $1.67 million, significantly boosts exploration at King's Alinya 3H project in South Australia's Officer Basin, covering nearly 20,000 square kilometers with over 20 identified prospects.

Whitebark Acquisition Fuels Alinya 3H Project Exploration

Whitebark Energy's acquisition of King Energy, finalized in early March for $1.67 million, significantly boosts exploration at King's Alinya 3H project in South Australia's Officer Basin, covering nearly 20,000 square kilometers with over 20 identified prospects.

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What is the immediate impact of Whitebark Energy's acquisition of King Energy on the Alinya 3H project?

Whitebark Energy's acquisition of King Energy, finalized in early March, accelerates exploration at King's Alinya project in South Australia. This project focuses on hydrocarbon-hydrogen-helium (3H) exploration across nearly 20,000 square kilometers, with over 20 prospects identified. The acquisition, valued at $1.67 million, provides increased funding for exploration activities.

theglobeandmail.com

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Jan 23, 04:13

EU's Renewable Energy Hits Record High, Surpassing Fossil Fuels

A new report reveals that 47% of the European Union's electricity now comes from renewable sources like solar and wind, exceeding coal and gas combined, driven by the European Green Deal and the war in Ukraine, contrasting sharply with the U.S.'s fossil fuel focus.

EU's Renewable Energy Hits Record High, Surpassing Fossil Fuels

A new report reveals that 47% of the European Union's electricity now comes from renewable sources like solar and wind, exceeding coal and gas combined, driven by the European Green Deal and the war in Ukraine, contrasting sharply with the U.S.'s fossil fuel focus.

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What factors beyond the European Green Deal have accelerated the EU's transition to clean energy?

This shift towards renewables is in stark contrast to the United States and China, where fossil fuels still dominate energy production. The EU's success stems from ambitious green policies, incentivizing clean energy investment and resulting in a 29% decrease in fossil fuel contributions to electricity generation since 2019.

nos.nl

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Jan 23, 10:08

EU Electricity Generation: 73% Greenhouse Gas-Free in 2023

In 2023, the European Union generated 73% of its electricity from sources without greenhouse gas emissions, with renewable energy (47%) and nuclear power (24%) leading the way. This marks a significant decrease in fossil fuel reliance compared to 2007.

EU Electricity Generation: 73% Greenhouse Gas-Free in 2023

In 2023, the European Union generated 73% of its electricity from sources without greenhouse gas emissions, with renewable energy (47%) and nuclear power (24%) leading the way. This marks a significant decrease in fossil fuel reliance compared to 2007.

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What was the overall percentage of greenhouse gas-free electricity generation in the EU in 2023, and what were the main contributing factors?

In 2023, the European Union generated nearly three-quarters of its electricity from sources without greenhouse gas emissions. Renewable sources like solar and wind power accounted for over 47 percent, with significant increases in solar energy generation compared to 2022.

Showing 157 to 168 of 294 results