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Power from renewable sources to surpass gas and nuclear by 2016

Power generated from renewable sources is projected to surpass that of natural gas and twice the power generated by nuclear by 2016, according to a report by the International Energy Agency. Renewable sources will be the second most important global source of energy by 2016 due to its continuing growth, according to the “Medium-Term Renewable Energy Market Report”. By 2018, the report projects that the power...

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Tata Power begins 1 megawatt geothermal project in Australia

Tata Power has commissioned a 1 megawatt geothermal pilot plant in Australia. The Australian geothermal project will be under Geodynamics Ltd., of which Tata Power is an associate participant. Geodynamics has geothermal exploration interests in three Australian states, including 2000 square kilometers in the Cooper Basin. The Cooper Basin is said to contain the hottest granites on earth and has an...

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M.E.N.A. region to have hundreds of GW of renewable energy – REN21 report

The Middle East and North Africa region will have over 100 gigawatts of power from renewable resources by 2030. According to the “MENA Renewables Status Report,” released by the Renewable Energy Policy Network for the 21st Century, in coordination with the International Renewable Energy Agency and the Ministry of Foreign Affairs of the United Arab Emirates, policy deployment and goal-setting for...

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Global demand for renewable energy on the rise – REN21 2013 report

According to a report made by the global policy network REN21, the global demand for renewable energy was steadily on the rise the past two years but slow to start this 2013. The report, titled “REN21 Renewables 2013 Global Status Report,” found that in the years 2011 and 2012, the demand for renewable energy consistently went up. In 2011, 19 percent of the world’s global consumption was supplied by...

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Boost in clean tech investment needed to achieve sustainable energy for all by 2030 – World Bank

Countries around the world must double or even triple clean energy investments to ensure global energy demand is met, according to a latest World Bank report. The report is the first of a series to track the progress towards achieving goals under the United Nations’ Sustainable Energy for All initiative, which aims to achieve universal access to energy, double renewable energy capacity and double energy efficiency by 2030...

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Renewable energy capacity set to skyrocket by 2030

Annual investment in new renewable power capacity worldwide is set to grow over four fold between 2013 and 2030, according to new research by Bloomberg New Energy Finance. The most probable scenario showed investments in renewable energy skyrocketing by 230 percent to $630 billion per year by 2030, driven by improvements in the cost-competitiveness of wind and solar technologies. The increase in development of...

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Australia’s power sector emissions hit 10-year low

The emissions from Australia’s power sector dropped significantly at the start of this year as the amount of coal-generated electricity in the country’s power mix fell to its lowest levels in the last 10 years, found energy and carbon research firm RepuTex in their newest quarterly emissions outlook report. Coal power comprised 74.8 percent of the country’s National Electricity Market in the three...

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Global geothermal capacity to hit 28.6 gigawatts by 2030

Solar and wind may be the most well-developed and widely-exploited renewable energy sources today but another alternative source of energy – geothermal power - is emerging and ready to compete with these two. Geothermal energy is expected to grow more than double by 2030 as developing countries like Indonesia, Chile and Kenya tap into the clean power available beneath their surfaces, according to...

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Ormat announces agreements for 330 MW geothermal project in Indonesia

Sarulla Operations Ltd. has signed joint operating contract and energy sales contracts for their 330 megawatt Sarulla geothermal power project in North Sumatra. The Sarulla project, located in Tapanuli Utara, North Sumatra in Indonesia is said to be the largest single contract geothermal power project in the country. The project will be implemented in three phases of 110 MW each, using both steam and brine extracted from...

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Renewable energy reserves greater than expected – study

Wind and bioenergy reserves in the United States and Brazil are relatively significant compared to oil and gas reserves, found a new study by Bloomberg New Energy Finance. According to the study, the energy resource equivalent of existing renewable projects in Brazil is comparable to more than two fifths of the country’s proven oil and gas reserves. Meanwhile, the U.S. holds larger oil and gas basins but the report noted...

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