U.S. renewable energy generation grew 9.3 percent from 2023 to 2024, the review highlighted. The country’s wind energy generation rose by 7.4 percent, its solar energy generation grew 26.5 percent, its hydro energy generation decreased by 1.4 percent, and its “other renewables” energy generation dropped by 2.1 percent, year on year, the review outlined.
He referenced the United Kingdom’s aggressive move towards renewables, especially in the North Sea region, where investment in fossil fuels is declining due to government commitment to clean energy.
The International Renewable Energy Agency (IRENA) unveiled a new partnership model that can accelerate renewable energy deployment and foster green industrialisation in Central Asia. The partnership was launched by IRENA at the COP29 Energy Transition Investment Forum for Central Asia.
Like many nations worldwide, Ghana increasingly recognises the urgent need to shift from traditional fossil fuels to renewable energy sources. With the growing global climate crisis and rising energy demands, the call for renewable energy investments is no longer just a policy option—it’s a necessity. For a country like Ghana, poised to become a leading economic hub in West Africa, transitioning to renewable energy is not just
essential but a matter of immediate action for environmental sustainability and long-term economic growth.
National Grid, an energy transmission and distribution company, has unveiled its investment plan for the 2024-29 period, earmarking £60 billion (close to $76.5 billion) for energy projects that will step up its decarbonization game and propel the energy transition momentum forward on both sides of the Atlantic Ocean, encompassing the United States (U.S.) and Western Europe. The biggest slice of this multibillion-dollar investment pie is expected to be spent in the U.S. and the UK.
The US Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE) have finalized updated regulations for renewable energy development on the US Outer Continental Shelf (OCS).
This week, Goldman Sachs raised its oil price target to $100 again. The bank cited lower OPEC output combined with higher demand, which taken together, “more than offset significantly higher U.S. supply.”
Finance Minister Zbyněk Stanjura said on Czech Television on Sunday that the finance ministry is looking to reduce its support for renewable energy sources, possibly by changing the law to limit subsidies
Oil giant Equinor is behind the project, but renewables still make up only a tiny fraction of its total energy production.