Falling renewables investment stalls Paris climate goals. The world is moving in the opposite direction of the Paris climate pact goals, with investment in renewable energy falling for the second consecutive year in 2018 and spending on fossil fuel extraction rising, the world’s energy watchdog has warned.
FT 14th May 2019 read more »
Scotland led investment in independent renewable projects in Great Britain (GB) last year, according to the seventh annual Energy Entrepreneurs report by energy group SmartestEnergy. Out of the £158m invested in 80 projects across GB in 2018, more than £116m was invested in Scotland. The report found that 85% of new, independent renewable projects were established in Scotland. Out of a total of 329MW of new installations, 276MW was added in Scotland, compared with 49MW in England and 4MW in Wales. There are 1,239 independent renewable projects in Scotland which generate £500m worth of electricity per year. Scotland is also a leader in independent energy storage, with a 36% share of the 4.9GW in the energy storage planning system.
Power Technology 13th May 2019 read more »