A watershed moment for energy

According to the IEA's World Energy Investment report, published earlier this week, investment in electricity overtook investment for oil and gas for the first time ever. This is important, as we are currently at a crossroads for our energy transition. Investments today will have reverberating impacts 10, 20, 30 years to come, as certain networks will become committed to certain energy sources. Yet there is a reluctance to make these decisions, as the backdrop to electricity overtaking O&G investment is a 12% drop in global energy investment. 

A record 90% of new power capacity in the EU was renewable last year

In figures recently released by WindEurope, the progress that Europe made is well highlighted. At the turn of the century, new renewable power installations accounted for less than 3GW - no more than 20% of installed capacity that year. This is even more shocking when you consider the lower capacity factors of renewable technology of that time. It … Continue reading A record 90% of new power capacity in the EU was renewable last year