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

Read More
News 

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…

Read More
News 

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…

Read More
News 

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…

Read More
News 

Abu Dhabi renewables leader chooses wind energy for its first North American investment

“The country installed over 7,000 MW of wind energy capacity in 2017, according to data from the Global Wind Energy Council, putting it behind only China in terms of new installations” writes Natasha Turak for cnbc.com. The company, a subsidiary of Emirati investment vehicle Mubadala Development Company, on Tuesday announced its share purchase agreement to buy British developer John Laing Group’s interest in wind farms in Texas and New Mexico.Masdar Chief Executive Mohamed Jameel Al Ramahi spoke to CNBC’s Dan Murphy about the move Tuesday while at Abu Dhabi’s Sustainability…

Read More
News 

Renewables overtake coal as Germany’s main energy source

“Wind power was the biggest source of energy after domestically mined brown coal power which accounted for 24.1 percent” writes Min Read for reuters.com. Green energy’s share of Germany’s power production has risen from 38.2 percent in 2017 and just 19.1 percent in 2010.FRANKFURT (Reuters) – Renewables overtook coal as Germany’s main source of energy for the first time last year, accounting for just over 40 percent of electricity production, research showed on Thursday.That was out of a total national power production of 542 TWh derived from both green and…

Read More
News 

New record set for wind power as renewables continue to rise

“Wind power generation hit a new record for Britain this week as renewables play an increasing role in the energy mix, figures show” reports aol.co.uk. It included the world’s largest operational offshore wind farm, Walney Extension, which officially opened off the coast of Cumbria in September, powering nearly 600,000 homes.Onshore and offshore wind generated 15 gigawatts of power between 11.15am and 12.15pm on Tuesday, supplying 34.7% of Britain’s electricity needs, figures from Drax Electic Insights confirmed by National Grid show.Industry body RenewableUK said a record amount of offshore wind infrastructure was…

Read More
News 

Green energy on track to overtake coal in Germany by year end

“But the expansion of renewables as a whole continued, allowing green power to overtake the share of imported hard coal and domestic brown coal” reports autoblog.com. BDEW’s managing director, Stefan Kapferer, said that Germany’s 65 percent target would require further efforts to expand wind power and power transport links.The share of green energy had reached 36.1 percent of consumption last year.FRANKFURT — Green energy is on track to overtake coal as Germany’s main power source this year, with renewables set to cover a record 38 percent of the country’s electricity…

Read More