Posts tagged 'renewables'

Who needs all that power capacity anyway?

From JBC Energy on Wednesday, a short tale of power market disruption in Germany (our emphasis):

Two major European electric utilities E.ON and RWE have both announced that they are planning further cuts in their power generation capacity, with E.ON announcing yesterday that it might be closing more than the previously announced 11 GW of capacity, while RWE stated that it will take 3.1 GW of power plant capacity offline. Low electricity demand and the boom in renewable supply has pushed German forward electricity prices to an eight-year low, while the priority given to solar and wind energy in the grid sharply lowered demand for gas and coal power generation outside peak periods.

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The exponential growth in solar consumption

Gregor MacDonald, energy journalist and renewables guru, flagged up a really interesting piece of data from the latest BP Statistical Review this weekend.

It comes in the shape of the following chart (mocked up by MacDonald) showing an exponential growth in global solar consumption since 2001: Read more

Another ‘successful’ IPO

Remember that ‘succesful’ Enel Green Energy float?

The one where the dozen or so bookrunners and joint bookrunners were forced to price the stock at the bottom end of a lowered range and with mainly retail investors? Read more