EDS has submitted to the Offshore Renewable Energy Bill. In our latest media release, EDS’s Reform Director Greg Severinsen comments on the Bill: “The Bill is necessary and has good features. However, some improvements are needed…” Because the Bill’s scope is limited to offshore renewables, it lacks consideration for situations where non-renewable activities may want to use the same space, such as seabed mining. Offshore renewables are not included in the fast-track process, leaving potential for conflicting activities to swoop for the same location. This could deter investors from offshore wind projects. Severinsen highlights the importance of “broader marine spatial planning to determine what kinds of activities should go where and to manage any conflicts and synergies between them.” For the full media release and submission, follow the link below: https://lnkd.in/dyCGG2E9
Environmental Defence Society (EDS)’s Post
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Coal curtailment is worse than renewable curtailment! Governments and AEMO and low-experience developers spend a lot of time whinging about curtailment of renewables. But coal power stations often operate 20-30% below nameplate - higher than renewables. So why does everyone worry so much about renewables being curtailed by just 5-10% (or even 20% in the future) when it is actually coal that has always suffered? And continues to suffer? And yet still coal stations are finding a way to make it work. (Perhaps coal operators are smarter than renewable investors?) So why are coal assets sitting useless a third of the time? Originally because consumers will not maintain a flat load profile. So governments built extra coal to meet peak demand. They said this was "economically efficient". But now coal is being undercut by renewables. As Australian Energy Market Commission (AEMC) explain in Transmission Access Reform it is clearly never efficient for resources to be curtailed. There is no similar economic argument for building more VRE MW than there is demand MW or network MW. All this does is further reduce coal output. If you think Australian Energy Market Operator (AEMO) should report on coal curtailment in their next QED (and how to improve it) please comment below. If you have suggestions for more quality analysis please contact the ACEC. (Data from AEMO. Halfhourly generation divided by halfhourly availability. Monthly average, 3 month rolling.)
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Renewables are meeting 95% of Portugal’s electricity needs. How did it become a European leader? Portugal has made huge progress in renewable power, up from 27 per cent in 2005 and 54 per cent in 2017. It has got serious about decarbonisation in a variety of ways, from phasing out coal-fired generation in 2021, to boosting its large hydropower fleet with added storage capacity. Since 2019, the state’s renewable energy auctions have been increasing utility-scale projects, with clear guidance for green companies. https://zurl.co/esc2
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A new report from the International Energy Agency (IEA) suggests that the world could miss out on a target of 11,000 GW of global renewables capacity by the end of the decade, as agreed at COP28. It also predicts that solar will become the world’s largest source of installed renewable capacity, surpassing hydropower. #Renewables #Australia #Solarenergy
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Fervo Energy Raises $255 Million to Deploy Geothermal Power Projects 24.12.2024 - Investoren Plattform News: Impact Geothermal energy project developer Fervo Energy announced that it has secured $255 million in funding, including a $135 million corporate equity round, and $120 million in debt capital. Founded in 2017, Houston Texas-based Fervo Energy focuses on the development of geothermal projects to deliver carbon-free energy. The company uses techniques such as horizontal drilling and […] und mehr als 10.200 weitere Artikel finden Sie unter: https://lnkd.in/ewJuFEcH
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UK renewables auction secures record number of clean energy projects The Contracts for Difference auction round 6 has secured 131 new renewable energy projects Funding for this year's Contracts for Difference Allocation Round 6 (AR6) rose to £1.5bn, up from the £227m budget for AR5 This funding covers projects across offshore and onshore wind, solar, and tidal. It will include the Hornsea 3 and 4 windfarms off the coast of Yorkshire, which are expected to be the largest and second largest offshore windfarms in Europe, when completed between 2027 and 2029. Other notable projects are the Green Volt offshore wind farm in Scotland, which is expected to be the world's largest floating offshore windfarm, and have an energy capacity of up to 560 MW. EDF's Longfield solar farm in Essex, which is expected to have a generating capacity of 400 MW, will also benefit. #renewables #renewableenergy #energy
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Portugal’s renewable power plants produced enough clean electricity to meet 72% of the national demand from January through the end of November. Hydropower was the largest contributor, meeting 29% of the overall demand. Wind power covered 27% in the same period, followed by solar (10%) and biomass (6%), according to data from REN. Natural gas production and imported energy met 9% and 19% of Portuguese consumption, respectively. #renewableenergy #energytransition https://lnkd.in/dTZvCgU3
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Peel Ports Group share the news that ScottishPower Renewables picks Great Yarmouth for 'East Anglia Two' pre-assembly project. “The agreement will see components for 75 wind turbines, generating enough power for almost one million home per year, being pre-assembled onshore before installation offshore. 💡 This wind farm project further strengthens Great Yarmouth's position as an outstanding base for the growing global offshore renewables market.” Read More 📰 : https://bit.ly/3ZHYFTr
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Australia as coal producing country relied heavily on coal for electricity generation. Upto 2017/2018, coal made up to about 65% of its total electricity generation. As Australia transition out of coal and invest heavily on renewables and modernising its grid as well, renewables now made up 35% of its total electricity generation in 2023. Australia is now anticipated to transition out of coal by 2038 and by 2040 renewables is anticipated to make upto 96% of its total electricity generation. Malaysia shares similar energy mix to Australia prior to their transitioning out of coal. As Malaysia transition to higher mix of renewables, it can benefit and learn from Australia’s exprience in transitioning out of coal. Ministry of Natural Resources and Environmental Sustainability (NRES) Nik Nazmi Nik Ahmad
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If RE generation will hit 68% in 2035, will the US reduce its oil production or will it produce for export? Or will it have depleted its reserves by then? According to data from Offshore Technology’s parent company, GlobalData, renewables are expected to hold a 55% generation share in North America by 2035, with solar PV and onshore wind accounting for 24% and 17%, respectively. Hydropower will remain the largest source of renewable power, but solar, wind and biopower additions will boost renewable generation to 68% in 2035.
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