Tag #Energy Transition

Showing 97 to 108 of 582 results

kathimerini.gr

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Jul 22, 16:16

Slowdown in Global Renewable Energy Investment

Global renewable energy investment growth slowed to 10.7% in 2024, down from an average of 20% since 2020, due to rising costs, grid constraints, and the high profitability of fossil fuels, impacting projects such as the cancelled Hornsea 4 wind farm; China remains an exception, increasing investmen...

Slowdown in Global Renewable Energy Investment

Global renewable energy investment growth slowed to 10.7% in 2024, down from an average of 20% since 2020, due to rising costs, grid constraints, and the high profitability of fossil fuels, impacting projects such as the cancelled Hornsea 4 wind farm; China remains an exception, increasing investmen...

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How are rising material costs, grid limitations, and the continued high demand for fossil fuels impacting the financial viability of renewable energy investments?

This downturn is driven by multiple factors, including rising material costs, interest rate uncertainty, supply chain issues, and grid limitations causing energy curtailment, where excess renewable energy is wasted. The situation is exacerbated by the continued high demand for fossil fuels, pushing investment away from RES and towards higher-profit oil and gas extraction. Even China, a major RES investor, only saw a 20% increase, significantly below previous growth rates.

elmundo.es

🌐 75% Global Worthiness

Jul 21, 07:11

Spanish Renewable Energy M&A Market Collapses in 2024

The Spanish renewable energy M&A market plummeted in 2024, decreasing by 68% in transactions and 62% in investment compared to 2023 due to price imbalances from increased photovoltaic energy, the April 2024 blackout resulting in production cuts, and global uncertainty impacting long-term financing a...

Spanish Renewable Energy M&A Market Collapses in 2024

The Spanish renewable energy M&A market plummeted in 2024, decreasing by 68% in transactions and 62% in investment compared to 2023 due to price imbalances from increased photovoltaic energy, the April 2024 blackout resulting in production cuts, and global uncertainty impacting long-term financing a...

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What caused the dramatic decrease in mergers and acquisitions within Spain's renewable energy sector in 2024?

The Spanish renewable energy market experienced a significant downturn in 2024, with a 68% drop in transactions and a 62% decrease in investment compared to 2023. This decline resulted in renewable energy dropping out of the top four sectors for mergers and acquisitions (M&A) activity, a position it held since 2021. The number of transactions remained relatively stable, but the total investment plummeted from €21.066 billion in 2023 to €12.040 billion in 2024.

forbes.com

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Jul 19, 19:13

OPEC Predicts High Oil Demand Until 2050, Defying Peak Oil Concerns

OPEC forecasts global oil demand to reach 123 million barrels per day by 2050, driven by developing nations, while other forecasts predict peak oil demand as early as this year or by 2029 due to electric vehicle adoption and slower growth in China.

OPEC Predicts High Oil Demand Until 2050, Defying Peak Oil Concerns

OPEC forecasts global oil demand to reach 123 million barrels per day by 2050, driven by developing nations, while other forecasts predict peak oil demand as early as this year or by 2029 due to electric vehicle adoption and slower growth in China.

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What factors underpin OPEC's optimistic oil demand outlook, and what are the counterarguments?

OPEC's optimistic outlook is based on continued high demand from developing countries like India (projected 8.2 million bpd increase by 2050) and others in Asia, the Middle East, and Africa. Conversely, the International Energy Agency (IEA) and some energy companies predict peak oil demand within this decade, citing the rise of renewables and slower growth in China.

arabic.cnn.com

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Jul 18, 13:13

Egypt Builds Large-Scale Hybrid Solar Plant to Combat Energy Crisis

Egypt begins construction of a $590 million, 1.1-gigawatt hybrid solar and battery power plant in Nag Hammadi to alleviate energy shortages caused by high gas import costs and declining domestic production, aiming to increase renewable energy share to 42% by 2030.

Egypt Builds Large-Scale Hybrid Solar Plant to Combat Energy Crisis

Egypt begins construction of a $590 million, 1.1-gigawatt hybrid solar and battery power plant in Nag Hammadi to alleviate energy shortages caused by high gas import costs and declining domestic production, aiming to increase renewable energy share to 42% by 2030.

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How does the Oblyssek plant address the challenges of intermittent solar power generation, and what role does the decreasing cost of battery storage play?

This project reflects Egypt's plan to increase renewable energy from 13% in 2023 to 42% by 2030, driven by high gas import costs and reduced domestic gas production. The Oblyssek plant's hybrid model addresses the intermittency of solar power, a key obstacle to wider adoption.

smh.com.au

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Jul 18, 01:12

Funding Dispute Delays Australia's Offshore Wind Farm Development

Deadlocked negotiations between the Australian federal and Victorian governments over funding for offshore wind farms threaten to delay the industry's launch, impacting investor confidence and potentially jeopardizing the replacement of aging coal plants.

Funding Dispute Delays Australia's Offshore Wind Farm Development

Deadlocked negotiations between the Australian federal and Victorian governments over funding for offshore wind farms threaten to delay the industry's launch, impacting investor confidence and potentially jeopardizing the replacement of aging coal plants.

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How are rising costs and interest rates affecting investor confidence in Australia's offshore wind projects, and what role does the funding dispute play?

Disagreements over federal funding are hindering the progress of Australia's first offshore wind farms. The Victorian government planned a September auction for contracts, but this is uncertain due to the unresolved funding dispute. This delay risks investor confidence and could cause further project withdrawals, impacting Australia's renewable energy goals.

dutchnews.nl

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Jul 17, 19:15

Netherlands Cuts North Sea Wind Energy Target, Facing Industry Backlash

The Netherlands' outgoing cabinet scaled back plans to build wind turbines in the North Sea, reducing the 2040 target from 50 GW to 30-40 GW, a move criticized by industry groups as hindering the country's climate ambitions and increasing reliance on fossil fuels.

Netherlands Cuts North Sea Wind Energy Target, Facing Industry Backlash

The Netherlands' outgoing cabinet scaled back plans to build wind turbines in the North Sea, reducing the 2040 target from 50 GW to 30-40 GW, a move criticized by industry groups as hindering the country's climate ambitions and increasing reliance on fossil fuels.

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What are the immediate consequences of the Netherlands' decision to scale back its North Sea wind energy plans?

The Netherlands' outgoing cabinet has reduced its offshore wind energy targets from 50 GW to 30-40 GW by 2040, a decision criticized by industry and sustainable energy organisations. This scaling back is viewed as hindering the country's climate ambitions and increasing reliance on foreign fossil fuels. The decision also risks delaying the green transition for industries like steel.

elpais.com

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Jul 22, 10:12

Spain's Manufacturing Sector Decline: A Call for Targeted Reindustrialization

A study by Fundación BBVA and Ivie reveals Spain's manufacturing sector's decline, contributing only 9.9% of new jobs and 11.8% of GVA in 2023, lagging behind the EU average and highlighting the need for targeted reindustrialization policies focusing on productivity, digitalization, and energy trans...

Spain's Manufacturing Sector Decline: A Call for Targeted Reindustrialization

A study by Fundación BBVA and Ivie reveals Spain's manufacturing sector's decline, contributing only 9.9% of new jobs and 11.8% of GVA in 2023, lagging behind the EU average and highlighting the need for targeted reindustrialization policies focusing on productivity, digitalization, and energy trans...

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What are the key factors contributing to the decline of Spain's manufacturing sector and its implications for the national economy?

Spain's manufacturing sector has significantly declined since the start of the century, contributing only 9.9% to new jobs compared to 17.3% at the beginning. The sector's Gross Value Added (GVA) also dropped from 17.9% in 2000 to 11.8% in the last fiscal year, widening the gap with the EU average of 15.6%.

elmundo.es

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Jul 21, 04:09

Spanish Platform Promotes Biomethane for Residential Decarbonization

The "Gas Verde, Sí" platform promotes biomethane, a renewable gas from organic waste, aiming for widespread adoption in Spanish homes and industries by 2040, promising €29 billion in savings and complete residential decarbonization without consumer action.

Spanish Platform Promotes Biomethane for Residential Decarbonization

The "Gas Verde, Sí" platform promotes biomethane, a renewable gas from organic waste, aiming for widespread adoption in Spanish homes and industries by 2040, promising €29 billion in savings and complete residential decarbonization without consumer action.

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What are the immediate economic and environmental impacts of widespread biomethane adoption in Spain, as projected by "Gas Verde, Sí"?

Gas Verde, Sí" is a Spanish platform promoting the use of biomethane, a renewable gas produced from organic waste. It aims to increase biomethane's presence in Spanish homes and the renewable energy sector, requiring no action from consumers to access it. This initiative is supported by various stakeholders, including gas producers, agricultural organizations, and industrial sectors.

taz.de

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Jul 19, 16:13

Europe's Renewable Energy Lag: Profitability, Subsidies, and Alternative Models

Europe's renewable energy expansion lags due to low profitability for private investors in a competitive market, necessitating government subsidies to achieve climate goals; however, alternative models such as public ownership are also being considered.

Europe's Renewable Energy Lag: Profitability, Subsidies, and Alternative Models

Europe's renewable energy expansion lags due to low profitability for private investors in a competitive market, necessitating government subsidies to achieve climate goals; however, alternative models such as public ownership are also being considered.

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Why is Europe failing to meet its renewable energy targets despite decreasing production costs?

Europe is lagging in renewable energy expansion despite decreasing production costs, primarily due to insufficient profitability for private investors in a competitive market. This results in low returns, hindering investment despite lower production costs.

theguardian.com

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Jul 18, 16:17

BP Sells US Wind Assets for $2 Billion, Abandoning Green Ambitions

BP sold its US onshore wind business, comprising 10 wind farms with a capacity to power over 500,000 homes, to LS Power for approximately $2 billion, marking a strategic retreat from renewable energy investments amid financial pressures and a shift in focus to oil and gas.

BP Sells US Wind Assets for $2 Billion, Abandoning Green Ambitions

BP sold its US onshore wind business, comprising 10 wind farms with a capacity to power over 500,000 homes, to LS Power for approximately $2 billion, marking a strategic retreat from renewable energy investments amid financial pressures and a shift in focus to oil and gas.

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What are the long-term implications of BP's strategic shift away from renewable energy, both for the company and for the global energy transition?

BP's divestment highlights the financial pressures and strategic complexities faced by large oil companies attempting to balance fossil fuel production with renewable energy investments. The future success of BP's revised strategy, focused solely on oil and gas, remains uncertain given the ongoing volatility in global energy markets and investor concerns. The sale could signal a broader trend of oil companies reconsidering their investments in renewable energy.

zeit.de

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Jul 17, 13:12

Germany to Reassess Energy Transition, Shift Costs to Renewable Operators

German Minister Katherina Reiche announced a planned "reality check" on the energy transition by summer's end, aiming to reduce costs by having renewable energy operators share grid expansion financing, currently costing around €30 billion, and questioning projected electricity consumption increases...

Germany to Reassess Energy Transition, Shift Costs to Renewable Operators

German Minister Katherina Reiche announced a planned "reality check" on the energy transition by summer's end, aiming to reduce costs by having renewable energy operators share grid expansion financing, currently costing around €30 billion, and questioning projected electricity consumption increases...

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What specific actions is Minister Reiche proposing to make Germany's energy transition more cost-effective, and what are the immediate implications for electricity consumers and renewable energy operators?

German Minister for Economic Affairs and Energy, Katherina Reiche, is advocating for a shift in the country's energy transition policy, emphasizing cost reduction as a primary goal. She plans to present a "reality check" assessment by the end of summer, focusing on improving grid stability and integrating renewable energy sources more efficiently. This involves a potential redistribution of costs, with renewable energy operators sharing the burden of grid expansion.

nrc.nl

🌐 85% Global Worthiness

Jul 17, 22:12

Netherlands Cuts 2040 Offshore Wind Target Amid Industrial Greening Delays

Acting Dutch Minister Hermans lowered the 2040 offshore wind energy target from 50 GW to 30-40 GW due to slower-than-expected industrial greening, higher construction costs, and failed negotiations on state aid for industrial decarbonization, impacting the country's energy transition.

Netherlands Cuts 2040 Offshore Wind Target Amid Industrial Greening Delays

Acting Dutch Minister Hermans lowered the 2040 offshore wind energy target from 50 GW to 30-40 GW due to slower-than-expected industrial greening, higher construction costs, and failed negotiations on state aid for industrial decarbonization, impacting the country's energy transition.

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What are the immediate consequences of the Netherlands' reduced offshore wind energy target for 2040?

The Netherlands' plan to generate 50 gigawatts (GW) of offshore wind energy by 2040 has been deemed unrealistic and unnecessary by the acting Minister of Climate and Energy, Sophie Hermans. This is due to slower-than-expected industrial greening, resulting in lower-than-anticipated demand for sustainable energy from the industry by 2040. The new target is 30-40 GW.

Showing 97 to 108 of 582 results