Growth of Renewable Energy in Australia will Depend on Decommissioning of Coal-fired Power Plants, says GlobalData
Australia has not been able to decommission its coal-fired power plants at the pace originally envisaged, which has turned out to be its biggest stumbling block in fast tracking renewable energy development, according to GlobalData, a leading data and analytics company. GlobalData's latest report, ‘Australia Power Market Outlook to 2030, Update 2018 – Market Trends, Regulations, and Competitive Landscape’, reveals that the coal-rich nation has been decommissioning its coal-fired power plants...
Renewables to Grow Fastest in India Amidst Continued Dominance by Thermal Power, says GlobalData
The renewable power sector will be the fastest growing sector in India, driven by solar and wind energy, though thermal power will continue to dominate, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘India Power Market Outlook to 2030, Update 2018 – Market Trends, Regulations, and Competitive Landscape’, reveals that though installed non-hydro renewable power capacity and generation levels are expected to race ahead at high compound annual growth r...
Proman Increases Trinidad and Tobago's Natural Gas Supply to Petrochemical Plants
PORT OF SPAIN, Trinidad and Tobago - DeNovo Energy Limited ("DeNovo"), a subsidiary of the Proman Group ("Proman"), has today announced the first commercial supply of gas from the Iguana Field in Block 1(a), which will deliver 80 million cubic feet of gas per day once fully operational. DeNovo, which became the operator of the field in 2016, fast-tracked the project delivery, safely executing this development using 2.6 million man-hours, with over 73% local content, in just under three years....
Storage Funding Boost for Renewable Energy State
The South Australian Government has this week launched a A$50 million Grid Scale Storage Fund to support construction of new energy storage projects in South Australia. It has also signed a memorandum of understanding with the Federal Government agency the Australian Renewable Energy Agency (ARENA), with a view to coordinating the assessment of projects that may be eligible for joint funding under ARENA’s Advancing Renewables Program (ARP). South Australia leads the nation in the uptake of...
Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast
Bechtel, a global leader in project management, engineering, procurement, and construction, today joined its customer Cheniere Energy to announce production of the first liquefied natural gas (LNG) from the Corpus Christi Liquefaction project in Texas. This production train at the Corpus Christi project is the latest of six trains that Bechtel has delivered with Cheniere at two sites on the U.S. Gulf Coast. The Sabine Pass Liquefaction project in Louisiana produced the first LNG from that sit...
Japan Will Continue to Rely on Nuclear Power; Growth of Renewables Will Depend on Regulatory Reforms and Grid-integration, Says GlobalData
Japan’s power sector is facing multiple challenges ranging from the reliability of nuclear power and boosting the share of non-hydro renewables. Against this backdrop, the success of the country’s power sector will depend on regulatory reforms and the establishment of a centrally integrated grid, says GlobalData, a leading data and analytics company. The company's latest report, ‘Japan Power Market Outlook to 2030, Update 2018 – Market Trends, Regulations, and Competitive Landscape’, reveals...
The Introduction of Photovoltaics Would Reduce Heating Bills For 120 Million EU Citizens In Winter Months
November 16, 2018: With heating season in full swing, as many as 120 million citizens living in the European Union - or 20% of the bloc’s entire population - are still living in what energy experts refer to as ‘energy poverty’ - the most common indicator of energy poverty is households spending in excess of 10% of their budget on energy bills. One of the driving factors behind energy poverty and the rising cost of heating bills across Europe is the European Commission’s regulated energy cost...
Petroteq Delivers Oil to the Market
Sherman Oaks, California - Petroteq Energy Inc. (TSXV: PQE) (OTC: PQEFF) (FSE: PQCF) ("Petroteq" or the "Company"), a fully integrated oil and gas company, is pleased to announce that it has begun delivering oil into its regional market. "Our first sale of our product this week represents a critical milestone in Petroteq's evolving history," stated CEO David Sealock. "From a strong entrepreneurial spirit, Petroteq has developed into an oil sands mining producer and technological leader in the...
Fast-Growing Home Solar Leader Freedom Forever Brings Renewable Energy To Colorado Residents
TEMECULA, Calif., - Freedom Forever, the innovative residential solar energy installer, recently named one of America's fastest growing companies by Inc. Magazine, today announced its expansion into Colorado. Founded in 2011, Freedom Forever currently serves customers in California, Arizona and Nevada. The solar leader has selected Colorado as its next market because of the large growth potential for solar energy in that state, due to its climate and solar-friendly regulatory environment. With s...
Heading Towards Zero Emission Airports – Lapland Airports in Finland Switch to Neste MY Renewable Diesel
The Finnish airport operator Finavia has decided to adopt Neste MY Renewable Diesel™ in its vehicles at Rovaniemi, Kuusamo, Ivalo and Kittilä airports. Neste MY Renewable Diesel is produced from waste and residues. The switch to renewable fuel is part of Finavia’s goal to make its airports carbon dioxide neutral by 2020. “Helsinki Airport is already carbon dioxide neutral. Next we will aim to achieve the same in our airports in Lapland. Using Neste MY Renewable Diesel as our vehicle fuel is a...