The invasion of Ukraine has highlighted the geopolitical liability for the European Union from fossil fuel imports from autocratic regimes. In response, the European Union is for ways to replace Russian gas imports in the short term, taking critical decisions over investment in infrastructure and economic relationships.

This joint analysis by Bellona, Ember, E3G and Regulatory Assistance Project finds that:

Clean energy can replace two-thirds of Russian gas imports by 2025.

EU Can Stop Russian Gas Imports by 2025 | Devamı>>>

Mono Steel is also in the second phase of Snowy 2.0 Hydroelectric Power Plant, one of the biggest projects in Australia. Mono Steel’s task in this project is to produce the steel structures of the 2nd phase designed for renewable energy…

Continuing its mega project in America, Mono Steel is going to the other side of the world, to Australia this time. Mono Steel, which was appreciated for its performance and quality workmanship in the 1st phase of the Snowy 2.0 Hydroelectric Power Plant Project, which was partially completed in 2020,
It is justifiably proud of taking part in the 2nd stage as well.

‘Mono Steel’ Signature at Hydroelectric Power Plant in Australia | Devamı>>>

Global Spending on Renewable Energy to Hit $243 Billion in 2021, 22% Lower than Oil and Gas Spending.

Capital spending on renewable energy is in a period of robust growth and is on track to catch up with oil and gas spending.

According to the research data analyzed and published by ComprarAcciones.com, spending on renewable energy will rise by 8.5% in 2021 to $243 billion.

Global Spending on Renewable Energy to Hit $243 Billion in 2021 | Devamı>>>

In this special edition of GWEC’s 16th annual flagship report ahead of the crucial COP26 conference in November 2021, the Global Wind Report 2021 highlights wind power’s role on the road to net zero.

2020 was the best year in history for the global wind industry with 93 GW of new capacity installed – a 53 per cent year-on-year increase – but this growth is not sufficient to ensure the world achieves net zero by 2050.  

2021 Global Wind Report (GWEC) Published | Devamı>>>

The Biden administration announced Thursday an effort to slash the cost of solar energy by 60% within the next decade, a feat officials said was essential to achieving the president’s goal of 100% clean energy by 2035.

The solar goal, being implemented by the Energy Department, calls for reducing utility-scale solar energy’s current cost of 4.6 cents per kilowatt-hour to 3 cents by 2025 and 2 cents by 2030.

Plan to Cut Solar Costs by 60 % Unveiled by U.S. Energy Agency | Devamı>>>

The world’s largest coal mining firm is to “aggressively” pursue solar energy and continue to close smaller mines. Coal India Limited (CIL) plans to invest in a 3,000 megawatt solar energy project in a joint venture with state-run NLC India.

The company also wants to compete in India’s solar auctions and win projects by offering the lowest prices for clean power.

“Coal as you know, we’re going to lose business in the next two, three decades.

World’s Biggest Coal Company Bets on Solar Power! | Devamı>>>

LG Chem is prepared to invest $4.5 billion over the next 5 years to expand battery capacity in the United States. In a Thursday email, according to Bloomberg Green, LG Chem said it would not only sink $4.5 billion into battery capacity expansion, but it would hire 10,000 workers.

The company hatched the plan over the last year in response to what it says as the growing demand for electric vehicles and President Biden’s ambitious green policies.

Battery Giant LG Chem to Invest $4.5 Billion in U.S. Expansion | Devamı>>>

As much as 209GW of solar PV could be installed this year, BloombergNEF (BNEF) has said, with project activity booming in most international markets.

Annual deployment is also expected to continue to climb over the coming years, with BNEF’s optimistic forecast expecting 221GW to be installed in 2022 and 240GW in 2023.

The research organisation has today published its Q1 2021 Global PV Market Outlook, which states that at least 160GW of solar will be deployed in 2021.

Up to 209GW of Solar PV to be Installed in 2021, BloombergNEF Forecasts | Devamı>>>

Following recent news that Amazon AMZN +0.6% had become the world’s largest purchaser of renewable electricity, growing focus on the need for sustainable operations continues to drive the market in corporate power purchase agreements (PPAs). In 2020 corporations bought nearly 24GW of clean energy.

Research published by BloombergNEF (BNEF) showed that corporations purchased a record of 23.7GW of clean energy in 2020, up from 20.1GW in 2019 and 13.6GW in 2018.

Corporate Electricity Purchases Will Drive Clean Energy Growth | Devamı>>>

General Motors said Thursday it plans to be carbon neutral by 2040 in its global operations and hopes to offer only zero-emissions vehicles by 2035. The largest US automaker, GM had previously announced that it was working towards an “all electric future,” but it had not set any target date for achieving that goal.

GM plans to cut emissions by transitioning to battery-powered electric vehicles or other zero-emissions technologies. This move will require an investment of $27 billion, up from the $20 billion announced before the pandemic.

GM looks to sell only emission-free vehicles by 2035 | Devamı>>>

Even though the United States has achieved the long-sought goal of energy self-sufficiency, energy security remains a strategic and economic challenge. Despite “self–sufficiency,” the U.S. still imports significant quantities of oil and natural gas, as well as solar panels and wind turbine components, and prices forall of these products reflect global market dynamics. Traditional concerns about global supply disruptions remain, and new risks have also emerged.

Domestic energy availability can be impacted by storms, terrorism and cyber threats.

Time to Update America’s Energy Security Programs | Devamı>>>

The overarching challenge of COVID-19 is expected to impair the growth rates in almost all economies over the medium-term. The average OECD growth rate will stand at 0.7% p.a. in the period from 2019 to 2025, compared to the pre-COVID-19 projected growth level of 2.1%p.a.

For non-OECD countries, GDP is expected to grow by 3.4% p.a. on average during the same period, which is more than 1 percentage point lower compared to past projections.

2020 World Oil Outlook 2045 | Devamı>>>