Renewables produced record 33% of U.K. electricity in third quarter

first_imgRenewables produced record 33% of U.K. electricity in third quarter FacebookTwitterLinkedInEmailPrint分享The Guardian:Almost a third of the UK’s electricity came from renewable sources between July and September, as wind turbines and solar panels helped achieve a quarterly record for green energy. Major new offshore windfarms connecting to the grid pushed renewables to 33.1% of electricity generation across the quarter, up from 30% the year before.The speed at which green energy projects are being installed has resulted in records tumbling this year. Wind power broke records during the “beast from the east”, which was eclipsed during Storm Diana last month, and again this week when wind generation hit 15GW on Tuesday.The trend is expected to continue next year as more windfarms around the coast near completion. Initial analysis of some recently built offshore projects also shows they are generating more power than expected.Meanwhile, gas and coal slumped to a new low of just over 41.1%, according to official statistics published on Thursday.Low carbon sources of power, which include the country’s eight nuclear power stations, account for 56% of the UK’s electricity supply. The 50% mark was hit only two years ago.More: New offshore windfarms push UK renewables to recordlast_img read more

IEA: Pandemic likely to push global energy investment down by $400 billion in 2020

first_imgIEA: Pandemic likely to push global energy investment down by $400 billion in 2020 FacebookTwitterLinkedInEmailPrint分享Reuters:Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency (IEA) said on Wednesday.The Paris-based IEA said this could have serious repercussions for energy security and the transition to clean energy as the global economy recovers from the pandemic.At the start of the year, global energy investment was on track for a 2% increase in 2020, its biggest growth in six years, the IEA said. A total of $1.8 trillion was invested in the sector in 2019.“The historic plunge in global energy investment is deeply troubling for many reasons,” said Fatih Birol, the IEA’s Executive Director. “It means lost jobs and economic opportunities today, as well as lost energy supply that we might well need tomorrow once the economy recovers,” he said, adding that it could hurt the move towards cleaner energies.Global energy companies have cut investments and shelved projects to shore up their finances due to the crisis. The IEA said higher debts after the crisis will pose lasting risks to investments.Investment in oil and gas is expected to fall by almost one-third. The IEA said if investment in oil stays at 2020 levels, it would reduce the level of global supply in 2025 by almost 9 million barrels a day, a clear risk of tighter markets if demand moves back to pre-crisis levels.[Bate Felix]More: Global energy investment expected to tumble 20% in 2020 due to COVID crisis: IEAlast_img read more