Chile power tender attracts 24 bidders.

Chile power tender attracts 24 bidders.

Power sector regulator CNE has confirmed 24 bids were received in this years’ Supply Bid process, which offered 2,200 GWh / year. 10 of the bids represented solar and wind projects. This representes a significant decline in the amount of bids from last year, when 84 companies registered, resulting in low average prices of $47 per MWh. Commenting on this years […]

The Clean Growth Strategy sees UK government pledge £575m.

The Clean Growth Strategy sees UK government pledge £575m.

The UK government has pledged £557m in The Clean Growth Strategy. In the words of Minister for Climate Change and Industry, Claire Perry, the document outlines “an ambitious strategy to cut emissions while keeping costs down for consumers, creating good jobs and growing the economy.” “We start from a position of strength. We have already made significant progress […]

UK offshore wind cheaper than nuclear energy for the first time.

UK offshore wind cheaper than nuclear energy for the first time.

This week UK offshore power prices have been cut in half in less than three years. Eleven new electricity projects, totalling more than 3 gigawatts were awarded contracts by the UK Government in the second round of the CfD auctions. Amongst the contracts, DONG Energy will deliver its Hornsea Two project with capacity of 1,386.00 MW for the […]

KERC Sets ₹3.74/kWh as Benchmark Tariff for Wind Projects in Karnataka.

KERC Sets ₹3.74/kWh as Benchmark Tariff for Wind Projects in Karnataka.

  The Karnataka Electricity Regulatory Commission (KERC) has fixed ₹3.74 (~$0.058)/kWh as the generic tariff for wind projects in Karnataka. The new benchmark tariff will be applicable through March 31, 2018. Furthermore, KERC has proposed a debt-equity ratio of 70:30 for tariff determination, with proposed project costs ₹62 million (~$0.97 million)/MW at a CUF of 28%. To […]

Major wind farm to generate £827m for Scots economy, finds study.

Major wind farm to generate £827m for Scots economy, finds study.

  An independent study conducted by Fraser of Allander Institute at the University of Strathclyde on behalf of Mainstream Renewable Power suggests that over its 30 year lifetime, the Neart na Gaoithe (NnG) project could generate an economic impact equivalent to 0.6 per cent of Scotland’s Gross Domestic Product (GDP) in 2016. The study also found it could support […]

Trump puts all EPA grants, contracts on immediate hold.

Trump puts all EPA grants, contracts on immediate hold.

Orders issued by President Donald Trump on Monday have frozen all Environmental Protection Agency grants and contracts, reflecting his campaign promise to minimize the authority’s influence. The suspension — effectively immediately — puts on hold the billions awarded annually by the EPA for research and development, land restoration and enhancement, environmental monitoring and more. Sources […]

Aramco launches Saudi Arabia’s first wind turbine.

Aramco launches Saudi Arabia’s first wind turbine.

State-run Saudi Aramco has commissioned the Kingdom’s first wind energy turbine, developed in partnership with GE aiming to support the renewable goals of Saudi Vision 2030. The project will power Saudi Aramco’s facility in Turaif in northwestern Saudi Arabia, providing electricity directly to the bulk plant. The commissioning event of the wind energy station was […]

Going Green: China to invest $360 bln in renewable energy by 2020.

Going Green: China to invest $360 bln in renewable energy by 2020.

China will invest 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country’s energy agency said on Thursday, as the world’s largest energy market continues to shift away from dirty coal power towards cleaner fuels. The investment will create over 13 million jobs in the sector, the National Energy Administration (NEA) said in […]

Dutch government proposes 33 percent increase in renewables spending for 2017.

Dutch government proposes 33 percent increase in renewables spending for 2017.

The Dutch government on Wednesday proposed a 33 percent increase in its budget for renewable energy projects in 2017, as it attempts to catch up after lagging on its 2020 emission reduction targets. In a letter to parliament, Economic Affairs Minister Henk Kamp said the government plans to spend 12 billion euros on subsidies for […]

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