Industry News

Oil & Gas Set To Be Out-priced by Renewables by 2020

Oil & Gas Set To Be Out-priced by Renewables by 2020

According to Swanson’s Law, solar PV tends to become 20% cheaper for every doubling of cumulative shipped volume. Solar energy costs have continued to decrease steeply for decades. in 1977 solar panels cost $77 per watt, compare that to 2016 where the cost had fallen as low as $0.36 per watt.

UK Electricity Continues To Get Cleaner

UK Electricity Continues To Get Cleaner

Latest figures from the Internation Energy Agency show that electricity generated in the UK continues to get cleaner, with emission rates per unit of electricity at their lowest for over 100 years. The biggest contributor to this is the development and continued investment in offshore wind. In fact, figures show that the UK has the largest offshore wind capacity in the World, and has done so since 2008.

Greenhouse Gas Emissions Fall by 3% in 2018

Greenhouse Gas Emissions Fall by 3% in 2018

In 2018, the UK’s greenhouse gas emissions fell by 3%, and are continuing to drop, while low carbon generation rose by 53%.

Renewables To Be World's Main Power Source by 2040

Renewables To Be World's Main Power Source by 2040

The oil and gas giant BP have forecast that renewables are likely to account for roughly one-third of the world’s energy production by 2040, with the uptake of renewable energy growing faster than that of any other fuel type.

Third of UK Electricity Provided by Renewables in 2018

Third of UK Electricity Provided by Renewables in 2018

Renewable sources generated a record 33% of the UK’s electricity in 2018, which meant that the contribution from fossil fuels fell to their lowest ever share, with gas down to 39%.

By 2030, Renewables Could Meet 50% of UK's Electricity Demands

By 2030, Renewables Could Meet 50% of UK's Electricity Demands

Electricity from renewable sources - such as wind and solar power - could meet around half of the UK’s electricity demands by 2030, at a price which is just as cheap as that of coal, oil or gas generation.