The route to decarbonisation in the energy sector will create benefits of US$10 trillion every year by 2050, while requiring only US$1.8 trillion to implement, according to a new joint report from the International Energy Agency (IEA) and the International Renewable Energy Agency (IRENA).
Big energy utilities such as Eon and innogy are “changing the appearance” of the European solar market as they wade into the sector, a panel of industry leaders has concluded.
Dithering on policy making is distracting Australian politicians from an urgent need to replace old coal power plants with renewable energy, the Clean Energy Council (CEC) has said.
Major power firm EnergyAustralia has confirmed it will soon sign power purchase agreements (PPAs) for 500MW of wind and solar projects across eastern Australia, in contracts worth AU$1.5 billion (US$1.12 billion).
French oil major Total’s €950 million acquisition of battery manufacturer Saft puts the company at the front of the pack of fossil fuel firms looking to diversify, according to SolarPower Europe CEO James Watson.
Industry-watchers, environmental groups and think tanks have commented on news this morning that the biggest coal mining company in the US, Peabody Energy, has filed for Chapter 11 bankruptcy protection, citing downturn in the coal industry as a major factor.
