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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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'A crucial step': Government unveils funding plan for new nuclear plants

Business Green

UK consumers are set to pay up-front for the construction of a fresh fleet of large-scale nuclear power plants through their energy bills under a new financing model unveiled by the government today, which looks set to provide a key building block of its plans to deliver a net zero energy system.

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The 4 Things PG&E Must Do to Survive and Thrive Post-Bankruptcy

GreenTechMedia

The San Francisco-based utility is emerging from bankruptcy with a massive debt load that could make it harder to raise the tens of billions of dollars of investment needed to prevent its power grid from causing more devastating wildfires. PG&E plans to invest about $40 billion over the next five years into its power grid.

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Can 2030 emissions targets still be met? 10 worrying questions posed by the latest Hinkley Point C delays

Business Green

That move came just a week after the government published a new Nuclear Roadmap, reiterating its commitment to a new fleet of small modular reactors (SMRs) and promising to explore proposals for a third large scale new nuclear power plant project. The government's Nuclear Roadmap was already a hugely ambitious undertaking.

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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. Nuclear power will receive $6.6

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