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EVEN if this year’s Indian summer delayed the onset of colder times, families all over the country are now starting to turn on their heating, while dreading the moment the bill lands. For many families in Britain, the onset of the colder months means a stark choice. Six million low income households in this country [...]
Despite falling costs and improving technology, wind farms continue to be wildly inefficient and overly expensive, according to a new report released today. In the report for the Adam Smith Institute and the Scientific Alliance, author Dr Capell Aris analysed data on the wind speed and direction collected from a total of 22 sites across [...]
A huge solar panel in Tunisia could provide cheap energy to 2.5m homes in the UK by 2018. The plan has been put forward by the TuNur – a partnership between Tunisian investors led by TOP Group and Glory Clean Energy, and UK-based Nur Energie. They are currently seeking funding from the UK [...]
State subsidies for solar farms are to be cut, in a move the Department for Environment, Food & Rural Affairs claims will save up to £2m of taxpayers’ money. The change, which will come into effect from January, will mean that farmers who choose to use fields for solar panels will not be eligible for [...]
The world's leading energy watchdog slashed its forecasts for renewable energy in a new report published today. The International Energy Agency (IEA) has warned the sector faced serious threats from policy uncertainty and grid integration risks. However, investment in renewable energy capacity is still expected to soar to $1.6 trillion by 2020. The IEA cut [...]
THERE is no doubt that fossil fuel subsidies – mostly found in the developing world – are a major and unwelcome feature of the global economy today. The International Energy Agency (IEA) estimates that global fossil fuel subsidies cost $544bn in 2012. Add to this lost tax revenues and the figure rises to around $2 [...]
Politicians everywhere have to decide between satisfying long-term national needs and achieving short-term electoral rewards. It is hard to imagine a more worrying sign of this conflict – as a report from the National Audit Office (NAO) last month helped highlight – than the present policy confusion in the UK over renewable energy. On the [...]
Private equity firm KKR clinched a landmark green energy deal yesterday after snapping up a stake in a Spanish-based windpower business. KKR, led by veteran buyout pioneers Henry Kravis and George Roberts, will pay €417m (£334m) to buy one-third of Acciona Energy International (AEI), which creates electricity from wind power. The agreement marks one of [...]
Germany is big on renewables and at the beginning of June it succeeded in producing half of its energy from solar power for the first time. But it didn't last long. For just a single day production of solar energy hit 23.1 gigawatts, high enough to provide 50.6 per cent of energy demand. A combination [...]
Yesterday, it momentarily slipped Warren Buffett’s mind how much money Berkshire Hathaway is shelling out on wind and solar power in the US – $15bn (£8.9bn). Speaking at the Edison Electric Institute’s annual convention in Las Vegas, the guru investor turned to deputy Greg Abel for a reminder of the figure, before coming back with, [...]
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