Posts tagged ‘wind’

Claudia Carpenter
Editorial lead, Middle East oil news

Middle East solar dream in danger of early burn out

August 12, 2019 11:08 UTC

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With abundant sunshine, the Middle East and North Africa should be global leaders in solar power. But slowing electricity demand growth and an uncertain economic outlook across the region may hold back investment, experts warn.

Arab Petroleum Investments Corporation lowered by 20% its estimate of spending on power generation over the next five years in the region, in a report last month, citing reduced economic and population growth forecasts and higher electricity prices. Egypt – the region’s most populous Arab country – five years ago suffered blackouts due to electricity shortages. It is now facing overbuilding new capacity, Apicorp said.

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gas, MENA, oil, renewables, solar, wind

Miriam Malek
Senior Editor

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

April 18, 2019 09:15 UTC

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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 supply. 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, power demand is projected to surge in tandem. Despite an abundance of natural resources, electricity supply is a major issue for Gulf countries and oil-fired generation is still the dominant source.

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Middle East, Saudi Arabia, solar, wind

Steve Piper
Director, S&P Global Market Intelligence

Forward spark spreads suggest rising profitability of US renewables as sector matures

April 5, 2019 08:50 UTC

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Ahead of the S&P Global Platts Global Power Markets conference in Las Vegas, April 8-10, 2019, The Barrel presents a series of articles on the global and US electricity sectors. In this last post of the series, Steve Piper analyzes S&P Global Market Intelligence data to show that renewables are increasingly able to compete with conventional generation.

Wind and solar photovoltaic (PV) electric facilities only account for an estimated 11% of US generation, but they are fast closing on a tipping point where they may outperform conventional generation as an asset class.

Several factors have come together to drive this result, starting with a rapid decline in costs for new renewable facilities, both wind and solar, that has offset the advantage to natural gas generation brought about by abundant and economical supply.

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electricity, Policy, renewables, solar, US, wind

Emma Slawinski
Editor, Platts Insight

Global energy transition, IP Week preview, IMO 2020: The week in energy and commodities

February 22, 2019 11:46 UTC

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The global energy transition is well underway, but it was a week of mixed signals in the drive for decarbonization. In Europe, additions of wind power capacity in 2018 fell to their lowest level since 2011 and the outlook for investment is uncertain, sector association WindEurope said.

Meanwhile, the EU struck an informal deal to enforce lower emissions from heavy goods vehicles. The rules would see new HGVs emit an average of 15% less CO2 by 2025 and 30% less by 2030 compared with 2019.

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automobiles, coal, energy transition, gas, IP Week, metals, oil, shipping, tariffs, wind

Siobhan Hall
Senior editor, EU energy policy

Insight from Brussels: Renewables win in new EU power market design

February 5, 2019 06:30 UTC

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Renewables are the big winners in the European Union’s new power market rules, which are designed to help the grid cope with ever increasing shares of variable sources such as wind and solar.

This is part of the EU’s long-term push to cut its greenhouse gas emissions and reduce fossil fuel imports.

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EU, renewables, solar, wind

Neil Ford
Freelance consultant and journalist

Rabat banks on renewables for European power exports

March 20, 2018 00:01 UTC

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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.

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electricity, EU, Europe, hydro, Morocco, North Africa, renewables, solar, wind

Robert Perkins
Editor

The end of the Oil Age may be closer but more uncertain: Fuel for Thought

March 5, 2018 04:10 UTC

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Exactly when the world’s thirst for oil starts to ebb as a shift to cleaner, renewable energy gathers pace is increasingly occupying forecasters on both sides of the debate.

The booming growth of renewable energy and high hopes for electric cars are seen equally as a challenge or a panacea by the producers of fossil fuels and environmental groups alike.

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electric vehicles, energy mix, oil, oil demand, solar, wind

Diana Kinch
Editor-in-Chief, Steel Markets Daily

Steel for windpower: a burgeoning market

December 12, 2017 17:30 UTC

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Offshore wind is “on a high” with costs having fallen by around 50% since 2015, the Global Wind Energy Council said in its Wind Energy Outlook 2016: Wind Power to Dominate Power Sector Growth document.

GWEC outlines scenarios where wind, offshore and onshore, could supply 20% of global electricity by 2030, generating 2,110 GW, creating 2.4 million new jobs, reducing CO2 emissions by more than 3.3 billion metric tons/year and attracting annual investment of some EUR200 billion.

Download full report — Steel for windpower: a burgeoning market

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carbon, carbon emissions, offshore, renewable energy, renewables, steel, steel plate, wind

Andrew Moore
Managing editor, Platts Coal Trader

US coal’s future – not exactly bullish, but hardly bearish

June 30, 2017 16:59 UTC

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Over lunch at a recent energy conference, a fellow attendee asked where I worked and what I did, and I explained that I lead coverage of the US thermal coal market for S&P Global Platts. The gentleman, who worked for a group that finances renewable energy projects, had several questions about coal, and each answer seemed to only increase his incredulity.

“So, let me understand,” said the gentleman finally. “You are bullish on coal?”

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John Kingston
Director of Global Market Insights

An academic battle over the US energy future isn’t just theoretical

June 28, 2017 05:01 UTC

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It’s been called Sayre’s Law: The idea that the viciousness of battles in academia is in inverse proportion to the importance of the issue at the center of the fight.

That’s not the case, however, with the conflict that is raging over the issuance of two papers by the Proceedings of the National Academies of Science (PNAS) in the United States. It speaks to the question that many advanced countries are facing as several trends merge and, in some cases, collide: How much of a country’s power needs can be supplied by intermittent renewable sources of energy given trends in lower costs of generation, the pace of technological change in storage and the costs of adaptation? And what are the costs to get there?

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electric power, electricity, hydro, hydropower, power, power generation, power grid, power supply, renewable energy, renewables, solar, US, wind

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