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Global Wind Turbine Market Value To Hit $48 Billion By 2022, Led By APAC

The global wind turbine market is expected to continue to grow over the next few years, according to new figures published by analysts GlobalData, with market value estimated to be $47.83 billion in 2022, up from $44.75 billion in 2017, driven primarily by onshore development

GlobalData published a new report last week which claimed that the global wind turbine market will surf the wave created by renewable energy global investment trends aimed at addressing power sector challenges. The authors of the report point out the obvious, that “solar and wind are prevalent due to the availability of resources across the world” and that “Power sectors in countries are moving towards improving energy security, self-sufficiency, and addressing climate change issues; driving the utilization and deployment of clean energy technologies such as wind as a power generation source.”

With regards the wind turbine market specifically, GlobalData expects the Asia Pacific region to lead the way, with a market value in 2022 of $17.24 billion and an aggregate market value of $93.85 billion. They will be followed by the EMEA region (Europe, Middle East, and Africa) with an aggregate market value of $88.77 billion — although, it’s worth noting, GlobalData expects EMEA to “outrun” the Asia Pacific region in terms of market value for offshore wind installations, as compared to wind as a whole Continue reading “Global Wind Turbine Market Value To Hit $48 Billion By 2022, Led By APAC”

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Will the clean energy revolution enhance energy security?

Over the next few decades the world’s energy systems will undergo a seismic revolution, with a transformation on a massive scale as renewable energy takes over from fossil fuels. This will be driven not only by the urgent imperative to address climate change, but also by the overwhelming economics of renewable energy.

This article examines the implications of the energy revolution for national security. The analysis is in three parts:
the implications for the security of supply chains; the shift from a centralised energy generating system to a disseminated network of myriad energy sources; and the implications for cyber security.

The first and most marked change in the energy security balance will be the shift away from traditional fuel supply lines,
and the disappearance of dependence on foreign energy sources for many nations.

The ability to exploit indigenous renewable energy (including solar photovoltaics, wind, concentrated solar thermal, geothermal, wave and tidal generation) will mean nations rely less and less on imported fossil fuels such as coal, oil and gas.

Continue reading “Will the clean energy revolution enhance energy security?”

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UK renewable energy capacity surpasses fossil fuels for first time

The capacity of renewable energy has overtaken that of fossil fuels in the UK for the first time, in a milestone that experts said would have been unthinkable a few years ago.

In the past five years, the amount of renewable capacity has tripled while fossil fuels’ has fallen by one-third, as power stations reached the end of their life or became uneconomic.

The result is that between July and September, the capacity of wind, solar, biomass and hydropower reached 41.9 gigawatts, exceeding the 41.2GW capacity of coal, gas and oil-fired power plants.

Imperial College London, which compiled the figures, said the rate at which renewables had been built in the past few years was greater than the “dash for gas” in the 1990s. Continue reading “UK renewable energy capacity surpasses fossil fuels for first time”

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World to Install Over One Trillion Watts of Clean Energy by 2023

The world could install more than a trillion watts of renewable power over the next five years, more than the entire current generation capacity of the European Union.
The International Energy Agency’s latest annual report on renewables forecasts as much as an extra 1.3 terawatts of clean energy will be installed by 2023 under one scenario. Even in its more conservative central forecast, the agency predicts that global renewable energy capacity will grow by 1 terawatt, driven by a boom in solar installations and more accommodating government policy.

New Power Capacity

The positive outlook for clean energy comes with a warning that government support and market design is critical to ensuring that renewables continue to be invested in and built.

Energy from solar, wind and hydro will continue to outpace natural gas and coal over the next five years, the IEA said. Generation from natural gas will be squeezed by cheap coal and ever more competitive solar and wind technologies. Continue reading “World to Install Over One Trillion Watts of Clean Energy by 2023”

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Renewables can meet UK’s electricity needs, says new report

SHUTTERSTOCK/Toivo-Media

Existing clean energy is able to provide for all of the UK’s electricity needs year-round, according to research from the Centre of Alternative Technology.

Using data-driven “scenarios” to map out the ways in which greenhouse gas emission can be reduced, a new report from the Centre of Alternative Technology (CAT) shows the UK is able to provide a 100 per cent “reliable energy supply” from clean energy sources and “flexible” carbon neutral back-ups.

In the centre’s largest study yet, CAT assessed progress towards the goals set out in the 2016 Paris Climate Agreement with more than 130 hypothetical global scenarios using net zero, deep decarbonisation and renewable energy modelling. In many of the scenarios outlined by CAT, switching to 100 per cent renewable energy is cheaper than a “business as usual” approach. Continue reading “Renewables can meet UK’s electricity needs, says new report”

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Energy Taiwan Highlights A Growing Renewable Energy Economy In Taiwan

Taiwan is physically located on a single island, but in the globalized economies of most modern nations, the focus on leveraging and strengthening its internal capabilities that locals are increasingly leveraging as a strength. The efficiencies and quality of local Taiwanese manufacturers in the solar and energy storage spaces were on full display at this years Energy Taiwan.

Energy Taiwan is the natural evolution of the predominantly solar-focused show last year into a more comprehensive show that put energy storage, wind and hydrogen fuel cell companies on display next to their silicon-cell based photovoltaic friends. This year’s show also highlights an increasing focus on Taiwan from global companies and countries looking to cash in on Taiwan’s sprint forward in a push to achieve its bold 2025 goals of deploying 5.5GW of new offshore wind capacity and 20GW of new solar installations.
Developers like Germany’s wpd, Denmark’s Ørsted and even utilities like EnBW joined the show to increase their exposure in the local market and to flesh out plans in support of the new offshore wind contracts awarded in April and June of this year. Continue reading “Energy Taiwan Highlights A Growing Renewable Energy Economy In Taiwan”

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What If You Could Pick Your Renewable Power Source And Pay Less For It?

Imagine if you could buy your power directly from a renewable power plant of your choice and pay less for it than you currently pay for electricity from the grid.

No longer would you need to install solar panels on your roof, or buy nonspecific green energy credits to get your renewable power. Instead, you could point to a specific wind farm or solar array and say conclusively that your power was purchased from that plant.

It’s possible. And it’s happening right now in Texas, where a startup called RPD Energy connects local renewable plants with commercial customers. RPD has partnered with Intuit (maker of TurboTax, QuickBooks, ProConnect and Mint) and a retail energy provider—Just Energy—to make it happen.

The program, launched earlier this summer, is called Purely Green. By leveraging Intuit’s larger, corporate wind power procurement, the program will allow tens of thousands of residential and small business customers to purchase power from a specific wind farm—EDP Renewables’ Lone Star II wind farm located near Abilene, TX—at prices that are generally below prevailing market rates. Continue reading “What If You Could Pick Your Renewable Power Source And Pay Less For It?”

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Forestry: A Success Story in Clean Tech

The Canadian forestry sector has become a leader in clean energy and clean tech, both in industry and communities it serves…

The Canadian forestry sector has become a leader in clean energy and clean tech, both in industry and communities it serves. The industry has already met the 2016 Paris Agreement target of reducing GHG emissions to 30 per cent below 2005 levels by 2030. Derek Nighbor, head of the Canadian Forest Products Association, tells a Canadian success story.

For more than three decades, the Canadian forest products sector has been a leader in the innovation, development, and utilization of clean technologies—and in doing so, has positioned itself at the fore- front of energy change that benefits
the environment and the economy.

The pulp and paper sector began showing signs of success in reducing greenhouse gases (GHGs) in the 1990s. Throughout the 2000s, some 30 facilities across the country were upgrading their energy systems to produce green electricity from biomass.

Today, enough electricity is produced across the Canadian forest products sector to power the city of Vancouver for an entire year. Over the course of this transformation, the sector has cut its GHGs by approximately 67 per cent. Continue reading “Forestry: A Success Story in Clean Tech”

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Is Renewable Energy Ready to Topple Fossil Fuel’s Domination?

Heavy dependence on oil, gas, and coal may dissipate sooner than you think as the infrastructure matures around alternative sources like wind and solar. It seems like, in the near future, renewable-energy source technologies such as solar and wind power have a chance to surpass traditional fossil fuels in terms of usage. I mention solar and wind power because these energy generators seem to be more visible than other types of renewable energy. Being born and bred in Arizona, I’m certain that solar energy sits at the top of the list.

But, let’s step back and look at the big picture. According to the U.S. Energy Information Administration, renewable energy sources in 2017 collectively had a minor impact on the energy consumption in the United States (Fig. 1). Continue reading “Is Renewable Energy Ready to Topple Fossil Fuel’s Domination?”

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Pipe dream or reality? Mexico looks to harness waves for green energy

Pic: Lucano Hinkle

Energy from the ocean breakers that pound Mexico’s Pacific Coast could soon be turned into electricity as an Israeli joint venture finalizes permits and financing for the country’s first wave energy plant.

Wave power development has long lagged renewable rivals such as solar, but Eco Wave Power says it could prove an effective way to deliver power to coastal communities in countries such as Ghana or Kenya that have little access to electricity.

“The ocean is the biggest renewable resource that we have and it’s completely untapped, and it has to change,” said Inna Braverman, co-founder of Tel Aviv-based Eco Wave Power.

“At the moment we’re a comparable price to solar, but the advantage on top of solar is the availability of the resource…. It keeps working 24/7,” she told the Thomson Reuters Foundation.

After scanning the coast for optimal wave conditions, the company decided to set up its first Mexican plant near Manzanillo, the country’s busiest cargo port some 525 miles west of Mexico City.
Situated close to the shore, hundreds of floating buoys connected by arms to a jetty would move with the waves to generate clean electricity at the 4.8-megawatt plant. Continue reading “Pipe dream or reality? Mexico looks to harness waves for green energy”