Epochal milestone: BNEF reports that after decades of growth, 1 terawatt of solar and wind have been
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August 7 · Issue #11 · View online
Transformations in clean energy
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Epochal milestone: BNEF reports that after decades of growth, 1 terawatt of solar and wind have been installed worldwide. The second terawatt will take five years, and cost half as much. More large banks and insurers abandon coal. Southern renewables driven by economics, not politics. Uncertainty in Chinese energy markets, new fusion reactors tantalize, and cleanliness (of power) is next to godliness, as 5.5k UK churches switch to renewables. Know someone interested in renewables, clean power, energy economics, disruptive transformation? Please forward this email!
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World Reaches 1,000GW of Wind and Solar, Keeps Going
Bloomberg NEF data indicate that the world has attained the landmark figure of 1TW of wind and solar generation capacity installed.
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Henbest: Power System Will Dance to Tune of Wind, Solar, Batteries
With a forecast horizon set for the first time at 2050, NEO 2018’s big surprise is that wind, solar and batteries are set to become far more deeply entrenched in the generation mix of almost every country.
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Lloyds Banking Group Moves To Cease Financing New Coal-Fired Power
One of Europe’s largest banks, Lloyds Banking Group, has announced this week new policies which moves to solidify its support for the transition to a low-carbon economy by ceasing new funding for coal-fired power stations or thermal coal mines.
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Munich Re Will Limit Investments In Companies That Derive Profits From Coal
Munich Re, one of the world’s largest reinsurance companies, announced on August 5 that it will limit its investments in the stocks and bonds of companies that derive more than 30% of their business from burning coal. In doing so, it is joining with several other major insurers who have adopted similar policies, including Axa, Allianz, and Zurich.
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In North Carolina, renewable energy losing its edge as a political wedge
Despite anti-wind bluster from parts of the state, candidates who supported renewables came out on top in Republican primaries earlier this year.
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Massachusetts utilities file US-record offshore wind contracts at $65/MWh
Utility industry news, voices and jobs for energy industry professionals. Optimized for your mobile phone.
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Residential storage hits new record, deploying 36MWh in Q1
Utility industry news, voices and jobs for energy industry professionals. Optimized for your mobile phone.
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China to face complicated power supply conditions this summer
China is likely to see complicated power supply conditions this summer, with prominent increases in use of electricity, coal and natural gas, the National Development and Reform Commission (NDRC) said Tuesday.
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Will Lockheed Martin Change The World With Its New Fusion Reactor?
Lockheed Martin has filed a patent for a revolutionary “Compact Fusion Reactor.” If it succeeds where past fusion reactor plans have failed, the technology portends a paradigm shift for humanity on the scale of steam power and the internal combustion engine.
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5,500 UK churches switch to renewable energy
Churches estimated to have diverted £5m from fossil fuels to clean energy providers
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