Installing wind power will represent investment of arround €550 billion over the next eight yearsWood Mackenzie, the energy, chemicals, renewable energy, metals and mining global research and consultancy group, has determined that investment in wind power –one of the pillars of the global renewable energy industry– will grow by 8% over the next eight years, reaching €55 billion annually. This energy, which accumulates 591,000 MW installed worldwide, would mean a total investment of €5 billion over the course of 2020-2028.The consultant clarifies that these figures are based both on the increase in offshore demand, which has risen by up to 20%, and on the rise in the price of turbines themselves. Numerous associations, such as Wind Europe, back up the key role this industry plays in achieving the climate...
Tag: renewables
Israel will invest $22 billion to boost solar energy
Yuval Steinitz, Energy Minister of Israel, announces a plan to increase the use of solar energy over the next decadeIsrael is preparing its energy future, that is accompanied to a important increase of energy demand due to a expected growing population. This energy future plan will be based in renewable energies, and in solar energy specifically. Israel’s Energy Ministry unveiled an 80 billion shekel ($22.8 billion) plan to increase the use of solar power over the next decade. Nowadays the contribution of solar power to the energy mix of the country it´s only a 5% of its electricity. About 64% came from natural gas and the rest from coalAs Yuval Steinitz declared, Israel wants to grow that sun power contribution to 30% by 2030 (initially the first goal was 17%), something that involves 16,000 megawatts. Solar installations will be built to produce...
The Spanish thermosolar energy reaches a new record of generation
During the first 8 months of the year the thermosolar energy has produced 4,269 GWh in Spain, a 4.1% increase compared with the last recordThe Red Eléctrica Española (Spanish Electrical Grid) agency has announced the last thermosolar energy figures that show an increase in the generation of this...
The energy future of Saudi Arabia: 60GW of renewable energy by 2030
The arabic country could install a total of 60GW of renewable energy, as has been known in an interview with the UAE state news agency, WAMDr. Khalid bin Saleh Al Sultan, President of the King Abdullah Atomic and Renewable Energy City, has granted an interview where the energy future of Saudi...
Goodbye to the coal power plants in the Netherlands by 2030
The European country will also reduce its emissions by 49 percent for that yearThe Dutch Government confirmed during 2018 that the coal power plants in The Netherlands will dissapear in just over 11 years. That´s the plan that the executive authorities is designing to cut greenhouse gas emissions by 25%...
Smart Cities World Forum, 7-8 May in Toronto, Canada
The summit, that will be celebrated in The International Centre in Toronto, will gather the main experts of Smart Cities during two days During two days Toronto will be the hotpoint of Smart Cities thanks to the Smart Cities World Forum, that will be celebrated from the 7th to the 8th in The International Centre of the...
Dubai will spend $22 Billion in an energy infrastructures plan
The arabic emirate has announced an ambitious project to boost its energy infrastructures during the next 5 years As Bloomberg has informed recently, Dubai Electricity & Water Authority is planning a energy infrastructures plan that will need, at lest, an investment of $22 Billion. This huge effort,...
France opens the world’s first Solar Road: see how it works
The first solar road has opened this December in a little village of the French region of Normandy Far away from that song of the Australian band AC DC called"Highway to hell" nowadays we can say that we have a "highway to sustainability". Althought it´s only 1-km (0,6 milles) long, not enough to be considered...
Velatia is leading the Nautilus project
Companies such as Astilleros Murueta, Tamoin, Vicinay Marine and Tecnalia Technology Centre are participating in the NAUTILUS project, which is included within the “Collaboration Challenges” programme of the Ministry of Economy and Competitiveness (MINECO)The NAUTILUS project, led by Velatia and funded by the “Collaboration Challenges...