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£147 million deal will double Scottish energy storage capacity

Envirotec Magazine

Construction has commenced on a new energy storage facility in Scotland, part of a drive to maximise the efficacy of renewables and reduce the cost of wasted wind to consumers. Kilmarnock South will enhance the country’s position as a leader in delivering energy that is cost-effective, clean and efficient.

Energy 286
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Global Energy Trends From The 2023 Statistical Review Of World Energy

R-Squared Energy

As I indicated in the previous article , BP has turned over publication of the annual Statistical Review of World Energy to the Energy Institute (EI). Overview The newest Review shows the world remains heavily reliant on fossil fuels for energy needs, even as renewables like solar and wind continue rapid growth.

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Renewable PPA prices continue to climb as supply tightens

Renewable Energy World

North America’s most competitive renewable power purchase agreement (PPA) prices rose by 5.9% from 2021 Q3 to 2021 Q4, according to the latest price index series from LevelTen Energy. per MWh, while wind was up 6.1% In Europe, renewable power purchase agreement (PPA) prices rose by 7.8%

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Oracle, Amazon make major renewable energy-based announcements

Renewable Energy World

Oracle is giving itself 4 years to be 100% powered by renewable energy while Amazon claims to be world’s largest buyer of renewable energy. This week two large American companies made big claims about their use of renewable energy. Oracle set a goal to be powered by 100% renewables in four years, by 2025.

Energy 121
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Understanding the true cost (and savings) of Nova Scotia’s transition to clean energy

Clean Energy Canada

For Nova Scotians, clean energy has been in the news a lot lately. The province recently unveiled its plan for 50 per cent wind power by 2030 alongside additional solar. Understanding this change is key to understanding the affordability benefits of clean energy. Both scenarios include equipment costs in the monthly bill.

Energy 54
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WoodMac Trims Global Wind Energy Forecast as Coronavirus Ripples Across Markets

GreenTechMedia

"The impact of the coronavirus is top of mind for the global wind industry and embodies a crisis unlike anything the market has ever seen,” wrote Dan Shreve, Wood Mackenzie’s head of global wind energy research and lead author of the latest report. Europe may be hit hardest. Indeed, U.S.

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Sustainable infrastructure developer, Generate Capital, raises $2B

Renewable Energy World

and Europe, including additional commitments from existing investors AP2 of Sweden, Railways Pension of the UK and The Wellcome Trust. The company recently launched its Generate Credit unit dedicated to creating more credit solutions for green projects and companies, and geographic expansion beyond North America is also underway.