Renewable Energy News

Investment in renewables in the developing world was up 19% in 2015; ahead of developed nations (down 8%) states a report from the UN Environment Programme (UNEP).

Global Trends in Renewable Energy Investment 2016 states investment globally last year (USD $266 billion) was also double that invested in coal and gas fired power stations ( estimated $130 billion).

The family that made a significant chunk of their fortune from fossil fuels is continuing to distance itself from the sector.

Following the lead of the Rockefeller Brothers Fund in 2014, the Rockefeller Family Fund (RFF) announced last week its intention to divest from fossil fuels.

Last week saw the end of coal fired power in Scotland when remaining generation units at Longannet Power Station were switched off for the last time.

The plant is situated on the north bank of the Firth of Forth, near Kincardine-on-Forth. The largest coal station in Europe when it came online in 1969, the 2.4MW facility burned more than 177 million tonnes of coal over its lifetime. Longannet generated over 400 terawatt hours (TWh) of electricity while in service, enough to power 2.3million homes every year for 46 years.

Tasmania’s Energy Minister has continued to reassure the state’s residents everything is under control and the government’s energy supply plan will keep the lights on.

It’s now been over 3 months since the Basslink interconnector failed. The state’s residents and businesses are understandably becoming a little more concerned about the situation.

Page 472 of 567