NewsRoom Articles - Page 23 of 82

FridayMar 14, 2025 9:00 am

The UK is Expediting Renewable Energy Grid Connections

The United Kingdom (UK) is set to expedite renewable energy grid connections after years of setbacks and delays. With the South West of the UK making significant advancements in renewable energy generation, Great Britain has massive amounts of green energy waiting to be connected to the grid. However, delays in grid infrastructure construction coupled with an extremely slow onboarding process for renewable energy projects has prevented the UK from fully taking advantage of its reserves of clean energy. To achieve its green energy goals in time, the UK is expediting approval processes for offshore and onshore wind, solar energy, electricity…

ThursdayMar 13, 2025 9:00 am

UK Mulls Energy Bill Discounts to Families Close to Pylons to Reduce Resistance to Renewables Infrastructure

The United Kingdom (UK) is considering an energy bill that would provide energy discounts to communities living close to solar electricity pylons. Energy Secretary Ed Miliband recently informed the media that the cost of discounting energy prices for these communities will require government to increase the average yearly energy bills elsewhere in the country by 80 pence. The bill is meant to reduce the growing local resistance to pylons and other large grid infrastructure designed to transmit solar energy from solar farms. As per the proposed bill, households in the UK that are located within 500 meters of a newly…

TuesdayMar 11, 2025 9:00 am

Blighted by Its Heavy Pollution Record, China Doubles Down on Renewables

After surpassing the U.S. to become the largest greenhouse gas emitter on the planet for well over a decade, China is working hard to expand its renewable energy capacity. Even though China still produces more emissions than any other country, Beijing's massive investments in green energy have made the East Asian country a powerhouse in the nascent green energy industry. The National Development and Reform Commission (NDRC) recently announced that China would invest in major green energy projects to create massive renewable energy bases that use both wind and solar farms to generate clean energy on a large scale. This…

FridayMar 07, 2025 10:00 am

Key Trends Driving the Renewable Energy Certificate Market

A recent report from Allied Market Research predicts that the global market for renewable energy certificates will grow at a compound annual growth rate (CAGR) of 27.2% between 2020 and 2030. According to the report, the global renewable energy certificate market was valued at $9.3 billion in 2020 and will grow by over ten times to reach $103.2 billion in 2030. Renewable energy certificates (REC) are market-based instruments used to represent an entity’s property rights to the social, environmental, and other non-energy attributes of green energy generation. An REC is typically issued for every megawatt-hour (MWh) of electricity that is…

ThursdayMar 06, 2025 10:00 am

Green Energy Investment is Showing Mismatched Priorities

Green energy is attracting a lot of much-needed investment but most investors are channeling their capital into mature projects and avoiding high-risk innovation. While staying away from high-risk investments is a sound investment strategy for the risk-averse, it may make it difficult for risky but impactful renewable energy projects to get off the ground. Most projections for the investments needed to fund the world's green energy future quote staggeringly large figures. After all, clean energy projects can be incredibly expensive to launch and they almost always require additional investments in grid infrastructure upgrades. However, all these investments are needed to…

TuesdayMar 04, 2025 10:00 am

Clean Energy Messaging Switches to Job Creation and Making Money

For the past several decades, calls to transition from fossil fuels to renewable sources of energy have been centered around preserving the environment and combating climate change. After all, fossil fuels produce millions of tons of carbon emissions every year and have been scientifically proven to contribute to climate change. However, the messaging around clean energy is shifting from ‘saving the planet’ to creating jobs and providing folks with new money-making opportunities. Renewable energy has already created tens of thousands of jobs globally and is expected to create many more over the next couple of decades. Centering green energy around…

FridayFeb 28, 2025 10:00 am

BP Ditches its Clean Energy Ambitions, Doubles Down on Fossil Fuels

Two sources have revealed that BP is ditching plans to increase renewable energy generation capacity and refocusing its efforts on fossil fuels. The sources told Reuters that the chief executive is set to scrap the company’s plan to boost green energy generation by 20 times through the rest of the decade, dealing a major blow to the clean energy industry’s growth. The decision to ditch green energy is reportedly part of a shift in strategy to help BP assuage rising investor concerns about the firm’s earnings. BP shares have struggled to compete with industry rivals for the past couple of…

ThursdayFeb 27, 2025 10:00 am

Report Calls Out Europe for Using African Renewable Energy for Greenwashing

Greenpeace is calling out European nations for using renewable energy produced in Africa to ‘greenwash’ their economies. The Greenpeace report says that European-backed green energy projects in North Africa limit the region’s ability to decarbonize, keep it dependent on fossil fuel imports and force it to shoulder the environmental costs involved with burning fossil fuels. Egypt and Morocco recently partnered with several European nations in a deal that would see the North African nations supply wind and solar energy to Europe over the next decade. The two countries are angling to position themselves as a key supplier to Europe as…

WednesdayFeb 26, 2025 10:45 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), Viridi Partner on Buffalo, NY Solar and Battery Project

SolarBank and Viridi are collaborating on a 3.06 MW solar and 1.2 MWh battery energy storage system in Buffalo, New York, repurposing a closed landfill, converting unused land into a source of clean energy. Pending approvals and financing, SolarBank is set to begin construction, while Viridi will provide the battery storage system. Viridi's battery systems include integrated fire suppression and anti-propagation technology to enhance safety. Once operational, the project will function under a community solar model, where residents can subscribe to the project, earning credits on their electricity bills without installing personal solar panels. Disseminated on behalf of SolarBank Corporation…

TuesdayFeb 25, 2025 10:00 am

The Energy Industry is Growing Doubtful of the Attainability of Net Zero Targets

A recent report shows that the confidence of the energy industry regarding the attainment of existing net-zero targets is fading. This comes as financial uncertainty, policy instability, and slow approvals for energy projects hinder the pace at which clean energy projects are started and completed. The report was authored by the Energy Industries Council, the largest global association bringing together firms that supply services and goods to energy industries around the world. The 950-member nonprofit organization is a good place to get insights about the direction of the renewable energy movement. The findings of this recent report are based on…

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