Thursday , April 2 2020
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Tag Archives: renewable energy

Commodity Tracker: 5 charts to watch this week

In this week’s pick of energy and commodities trends, European wind generation storms into 2020 and oil refiners in Asia and Europe feel the impact of US-Iran tensions. Plus, S&P GSCI index performance in 2019 reveals investors’ darlings among commodities.  1. European wind charge sweeps away nuclear concerns     What’s happening? Wind generation records tumbled across Europe last year and 2020 got off to a flying start in week 1 with fresh output highs across...

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Renewable power GO: market looks to new drivers of liquidity and supply

The market for European Guarantees of Origin, or GO, electronic tags that certify the source of renewable electricity, is evolving quickly. S&P Global Platts has been monitoring developments, including the impact of recently-launched French auctions; price dynamics across regions and technologies; and where additional GO supply will come from in the coming years. Here are the key trends that European utilities and other market participants should be following this winter: 1. French...

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Saudi Arabia leads Middle East’s rush to renewables, but policies lag behind ambition

Saudi Arabia, the world’s largest oil exporter, has ambitious plans to tap into the potential of renewables to fill a shortfall in regional power demand. But opinions are divided on how realistic the Kingdom’s strategy is, given its track record of delayed projects and a shortage of domestic policies to help support investment. The drive to increase renewables generation in the region is not limited to Saudi Arabia. With economies in the Middle East region set to grow in the coming years,...

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Insight: Balance of power tilts towards renewables in Asia Pacific

Renewable energy sources are now a commercially profitable business in many parts of Asia Pacific without government largesse and subsidy support. But the renewables story has just started. Primary energy demand in the region is expected to grow by over 40% to 2040, based on the International Energy Agency’s central scenario, accounting for two-thirds of global growth. Renewables will play a major role in meeting the new demand, their expansion supported by rapidly falling costs of key...

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Shell pops the hood on its energy transition strategy: Fuel for Thought

The internal combustion engine faces an expiry date as the transportation sector moves decidedly towards electrification. Plastics and heavy transportation will not sustain high oil demand on their own. The question is whether the inevitable energy transition from liquid transportation fuels to electricity will take a few years or several decades. Either way it poses an existential threat for oil companies. For oil majors, the latest climate-related setback has been financial in nature, with...

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17/11/2018: California Rooftop Solar Mandate: An example of bad groupthink?

In recent news, California legislators have done a gimmick-trick that has earned the state loud applause from the environmentally-minded consumers and activists: California Energy Commission (CEC) recently voted 5-0 to add a new provision to the state’s building code. This includes a requirement that from 2020, all new house and multi-family residences construction of three stories or fewer, along with all major renovations, must be built with rooftop solar panels. Given that the state...

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Insight: US voters give boost to clean energy policies but stop short of carbon tax

From ballot measures to statehouses, what do the results of the US midterm elections mean for oil, gas and power markets? Kate Winston and Maya Weber report On November 6, US voters shied away from key statewide environmental initiatives that would have imposed near-term costs on oil, gas and traditional utility interests. But they backed candidates, including nine new Democratic governors, with aggressive renewable energy and environmental goals. Advocates may now look to states fully under...

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Insight: Market watchers fret about future of US wholesale power markets

US power markets are in the spotlight amid a flurry of power plant retirements and subsequent efforts by various forces to keep them afloat. Some market watchers suggest the shifts in market structure, resource mixes and policy sets should come as no surprise – and that perhaps the country’s experiment with competitive wholesale markets should be abandoned – while others believe that power markets will persevere and even expand. US power markets were restructured in the 1990s to introduce...

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Russia plugging into electric vehicle market: Fuel for Thought

The world has seen a surge in electric vehicle use in recent years, but that plug-in push has not sparked as brightly in Russia. The general perception has been EVs would not work in a country with such a harsh climate, underdeveloped infrastructure and cheap motor fuel. One Russian cartoon published just a few years ago featured a car with a disproportionately large rooftop plug driving through endless forests in a desperate attempt to find a socket. Russian interest, though, has been...

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Rabat banks on renewables for European power exports

Morocco is taking a lead in the promotion of renewable energy in North Africa, aiming to develop wind and solar to meet both domestic electricity demand and export power to Europe. Interconnectors to Spain and Portugal are under consideration. Morocco has a considerable geographic advantage when it come to exporting power to Europe; the Strait of Gibraltar, which separates it from Spain, is only 14 km wide at its narrowest point, and already hosts a 700 MW interconnector, the only existing...

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