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Low carbon generation set to meet electricity demand growth – IEA

Smart Energy International

The IEA’s Electricity 2024 report records electricity demand growth easing in 2023 but is projected to accelerate over the next three years through 2026. The update finds that world demand for electricity grew by 2.2% The update finds that world demand for electricity grew by 2.2% in 2023, less than the 2.4%

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Renewables overtake fossil fuels in 2020 as Britain's power grid enjoys 'greenest year' yet

Business Green

That is the conclusion of new research released today by Imperial College London on behalf of energy firm Drax, which estimates that carbon emissions from Britain's grid fell by 16 per cent last year as a result of the growth of green power and plummeting energy demand during Covid-19 lockdowns.

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Rising battery storage costs: A long-term trend or short term blip?

Business Green

BloombergNEF also expects costs across the sector to remain high throughout 2023, due to high raw material and labour costs, soaring demand for battery packs from automakers, and cost increases across other parts of their supply chain, such as for power conversion systems and balancing services.

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What happens after your country runs on 99 percent renewable electricity?

The Verge: Energy

Climate change poses new risks to the power grid, and Costa Rica has a lot of work left to do to get more solar and wind farms online. In the winter, like a six-month period from June to December, many of the hydropower plants get surplus flows. That’s when we have low wind, but we have more hydropower.

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Solar, Wind Tax Credit Extensions and Energy R&D Package in Spending Bill Before Congress

GreenTechMedia

Developers in the space are concerned that the coronavirus pandemic’s impact on the economy will depress demand for tax equity investments, as banks and financial institutions will have less appetite for credits to offset tax liabilities in a year when profits were depressed. Solar tax credit impacts.

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