News 

Data from Federal Energy Regulatory Commission Shows Stronger Than Expected Growth in Renewables

“That is significantly more than double the projected growth in natural gas generating capacity” writes Emily Holbrook for environmentalleader.com. Sharp declines are foreseen for fossil fuels and nuclear power while renewable energy (i.e., biomass, geothermal, hydropower, solar, wind) is forecast to experience even stronger growth than previously projected.Meanwhile, led by wind and solar, the generating capacity of renewable energy sources is foreseen to grow by more than 47 gigawatts (GW).Meanwhile, renewable energy sources will continue to expand. Source: environmentalleader.com

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Eyeing economic growth, South Africa seeks to renegotiate old renewables projects

“Renewable energy projects are protected by more than 140 billion rand ($9.4 billion) of state guarantees, exposing the government to huge penalties if it were to terminate or breach existing agreements” writes Midwest Communications Inc for 95kqds.com. Putting too much pressure on them would risk deterring renewable energy investment just as the country is suffering nationwide power cuts.A simpler way to lower power prices could be to give the go-ahead for projects to refinance their debt.Jason van der Poel, a partner at law firm Webber Wentzel who represents power firms,…

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Markets News 

Clean energy is coming rapidly, but will investors and policy makers stand in the way?

“From our perspective, the evidence clearly points to a rapid energy transition in the years ahead” writes Jules Kortenhorst for marketwatch.com. Given that new technologies are already providing better solutions for consumers’ energy needs, policy makers inevitably will respond to their constituents’ demands.Once enough politicians recognize that the energy transition is not expensive, and will actually boost competitiveness (thereby reducing prices), they will update the rules governing energy markets to make way for the change that is already underway.Everyone — from innovative technology start-ups to energy incumbents and government policy…

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Crypto News Oil Platforms 

Thai Oil and Gas Firm Develops Blockchain-Based Renewables Platform

“Thai state-owned oil and gas company PTT and blockchain energy nonprofit Energy Web Foundation (EWF) are jointly building a blockchain-based renewables platform” writes Ana Alexandre for cointelegraph.com. The new product will also be compliant with the International Renewable Energy Certificate (I-REC) Standard, which certifies renewable energy sources.EWF CEO Jesse Morris said that the blockchain-based platform will help to connect supply and demand for the certificates.The United States Department of Energy awarded a $1.05 million grant in August to organizations working to commercialize a blockchain-based energy transaction platform. Source: cointelegraph.com

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Saudi Arabia’s ACWA Power to focus more on renewable energy projects: CEO

“ABU DHABI (Reuters) – ACWA Power plans to focus more on renewable energy projects, lifting their share of its portfolio to 70% over the next decade, its chief executive and president said on Monday” writes Midwest Communications Inc for 95kqds.com. The current value of the Saudi Arabian utility developer’s portfolio is more than $42 billion, with renewables accounting for 23%. “By 2030, we expect to see 70% of renewables in our portfolio in terms of capital employed,” Paddy Padmanthan told Reuters in an interview at the World Energy Congress. “We…

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Climate experts say nuclear power needs to double to meet climate goals, but Elizabeth Warren just promised to eliminate it

“Essentially, renewables would have to more than double just to make up for the lost nuclear power” reports washingtonexaminer.com. Suddenly, instead of having to replace the remaining 63.5% of our energy sources, Warren would have to come up with a way to replace 83% of our energy sources.Nuclear power is by far the largest source of non-carbon electricity in the U.S., currently generating 19.3% of what we use.Not only did Warren pledge to prevent the building of new power plants, but she also said she would phase out all nuclear…

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Renewables capacity up 96% in 9 months on year

“TEHRAN- The capacity of generating electricity from renewable sources in Iran has increase 96 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2018) from the same time span in the past year, IRIB reported on Wednesday citing energy ministry’s news portal (known as Paven)” reports tehrantimes.com. In the next five years, Iran is aiming for a 5,000 MW increase in renewable capacity to meet growing domestic demand and expand its presence in the regional electricity market. In Iran, renewables account for just six…

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