European Commission Approves Renewable Energy Support Package to Lithuania Worth EUR 1.24bn in Push for Energy Autonomy Ahead of 2020 European Union Energy Directive
The European Commission recently approved a measure to support the production of electricity from renewables and electricity-heavy industrial consumers in Lithuania, a move that positions the largest of the three Baltic States as the region’s leader in meeting the European Union’s 2020 and 2030 energy directives. In 2018 it was announced that Lithuania was amongst 11 EU member states including Sweden and Finland to already be sourcing 20% of its energy from renewable sources. The...
Renewable Energy the Most Competitive Source of New Power Generation in GCC
Abu Dhabi, UAE – Renewable energy is the most competitive form of power generation in Gulf Cooperation Council (GCC) countries, according to a new report published today by the International Renewable Energy Agency (IRENA). Abundant resources, together with strong enabling frameworks have led to solar PV prices of below 3 cents per kilowatt hour and dispatchable concentrated solar power (CSP) of 7.3 cents per kilowatt hour, which is less than some utilities in the region pay for natural gas....
Despite Drop in Share, APAC Will Lead Global Solar PV Market Volume through 2022, Says GlobalData
Despite a drop in its share, the Asia-Pacific (APAC) region, with its large population base and strong requirement for electricity generation capacity, will continue to influence the global solar PV module market over the forecast period 2018-2022, according to GlobalData, a leading data and analytics company. The company’s latest report, ‘Solar PV Module, Update 2018’, reveals that market saturation, reduction in subsidies and declining costs of technologies are the major factors impacti...
Global Commission Describes New Geopolitical Power Dynamics Created by Renewable Energy
Abu Dhabi, UAE: 11 January 2019 —Political and business leaders from around the world have outlined the far-reaching geopolitical implications of an energy transformation driven by the rapid growth of renewable energy. In a new report launched today at the Assembly of the International Renewable Energy Agency (IRENA), the Global Commission on the Geopolitics of Energy Transformation says the geopolitical and socio-economic consequences of a new energy age may be as profound as those which accomp...
APAC Will Lead Global Wind Gearbox and Direct Drive Equipment Markets Over Next Four Years, Says GlobalData
Asia-Pacific (APAC) is expected to lead the global wind gearbox and direct drive equipment markets with a share of 46% and 53.5%, respectively over the forecast period (2018–2022), says GlobalData, a leading data and analytics company. The company’s latest report, ‘Wind Gearbox and Direct Drive, Update 2018’, reveals that the global trends of wind power are creating business opportunities for new and refurbishment markets. It states that prominent markets such as China, the US and EU, whi...
Solar Energy to Become a More Attractive Investment than ever in 2019 due to Predicted European Renewable Growth Jump of over 42%
January 4th, 2019: Based on a series of new year predictions from experts within the renewable energy industry, solar energy capacity across Europe is set to jump from 9.5 gigawatts to 13.5 GW (42.1%) by the end of 2019, with the European Union set to make up 12% of the global solar module market. Renewable energies underwent somewhat of a worldwide renaissance in 2018, with Europe, driven by political and social factors from the European Union, showing particular enthusiasm for a renewa...
World First Queensland Dispatchable Solar Peaker Clears Connection Hurdle
Construction of the first large dispatchable solar generator in Australia’s national electricity market will start in early 2019 after it secured its generator performance standard this week. The Cape York Battery Power Plant has now cleared its key hurdle and is one of the first renewable generation projects to pass the more onerous grid connection requirements implemented in 2018. Lyon Group Chair David Green said Lyon and Japanese energy company JERA are working together to bring flexib...
US Wind Inc. Agrees to Sell its New Jersey Offshore Lease to EDF Renewables North America
BALTIMORE - US Wind, Inc., the Baltimore-based US subsidiary of the Italian Toto Holding Group, has finalized an agreement with EDF Renewables North America, a subsidiary of French Multinational Group EDF, that has resulted in the sale of its lease to develop up to 2,500 megawatts of energy roughly seven miles off the coast of Atlantic City on the Outer Continental Shelf. EDF Renewables currently holds the lease for the North Lease Area of the New Jersey Wind Energy Area (WEA), which is comprise...
APAC Will Continue to Lead Global Solar PV Market through 2025, Says GlobalData
Asia-Pacific (APAC) will continue to lead the global solar photovoltaic (PV) market over the next seven years due to abundant availability of solar energy in the tropical countries and government support in countries such as China, India, Japan and Australia, says GlobalData, a leading data and analytics company. The company’s latest report ‘Solar Photovoltaic (PV) Market, Update 2018,’ reveals that strong demand for PV in countries such as China, the US, India, Japan, Germany and Australia...
SunShare Selected by Xcel Energy to Build Six New Community Solar Gardens in Colorado
DENVER – SunShare, the nation’s pioneer in community solar, announced today that it has been awarded six new community solar gardens by Xcel Energy totaling 12 MWdc. SunShare was selected in a competitive bidding process and will be able to serve more than 2,500 residential households in the Denver metro area as well as additional municipal, governmental, and educational entities. “We’re very proud that SunShare will be able to continue our mission of bringing community solar to residential c...
Video: New Roundabout Under Construction at McIver and Old Florence Roads in Darlington County
Promenade at The Point
June Issue 2026
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