Tag: renewable energy
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Latin America can play ‘outsized’ role in shift from fossil fuels, report says
International Energy Agency says region could drive energy transition at home and globally, but faces challenges in finance, policy and inequality Latin America could play an increasingly influential role in the global transition to clean energy, a new report from the International Energy Agency has said. The IEA’s Latin America Energy Outlook has highlighted how the region’s…
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North Africa could lead clean Hydrogen race
Egypt along with other states could become a green hydrogen hub North Africa is emerging as a key region in the global green hydrogen race, with countries like Egypt, Morocco and Algeria capitalising on their abundant natural resources and strategic location. According to a new report from the Energy Industries Council (EIC), 41 hydrogen projects are expected…
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Renewable sources covered a record 41% of Italy’s power demand in 2024
According to the Italian power transmission system operator (TSO) Terna, electricity consumption in Italy increased by 2.2% in 2024, surpassing 312 TWh, and renewable sources reached their highest share ever, covering 41% of power demand (compared to 37% in 2023), thanks to improved hydropower and solar PV generation. In 2024 there was a significant growth in…
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Wind power tops nuclear in Sweden for first time, trade group says
Electricity output from wind hit a record high in Sweden in 2024, with wind exceeding nuclear power for the first three-month period ever in the last quarter, the Swedish Wind Energy Association (SWEA) said in a statement. In December, wind was the largest source of electricity for the first time, ahead of hydro and nuclear…
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Technology breakthroughs are unlocking geothermal energy’s vast potential in countries across the globe
Largely untapped underground energy source can help meet world’s rapidly growing demand for electricity, but cost reductions are needed to drive new generation of projects With global electricity demand set to grow strongly, new technologies are opening up the massive potential of geothermal energy to provide around-the-clock clean power in almost all countries around the…
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Green Hydrogen Goes From Hyped to Humbled on Eye-Popping Costs
A raft of projects to produce green hydrogen, a fuel billed as critical to reaching net zero, have been abandoned this year as expectations for tumbling costs failed to materialize. Governments and major energy companies have touted the gas as a way to clean up a swath of industries. But the uneconomic cost of production…