Renewable energy is hot. It has incredible momentum, not only in terms of deployment and costs but in terms of public opinion and cultural cachet. To put it simply: Everyone loves renewable energy. It’s cleaner, it’s high-tech, it’s new jobs, it’s the future. And so more and more big energy customers are demanding the full meal deal: 100 percent renewable energy.
From carbon-based cryptocurrencies to reward programmes for green projects, blockchain is helping tackle issues of transparency, accountability and traceability. What are the most innovative uses of blockchain, and is it actually working? From making sustainability reporting less painful to swapping clean energy between neighbours and unlocking climate finance, it would appear the only limit is creativity.
Renewable energy sources, notably solar and wind, are reaching price and performance parity on and off the grid, shows a report from accountancy firm Deloitte, highlighting seven trends that are driving this transformation. Three key enablers – price and performance parity, grid integration and new technologies – are allowing solar and wind power to compete with conventional sources on price, while matching their performance.
The deadly dam collapse in Laos in late July brings Cambodia’s own grand plans for hydropower into question – and thrusts solar power to the forefront of the Kingdom’s quest for energy independence. One innovation involving floating solar photovoltaic panels could be the answer.
You can only expect great things from an agency that calls itself ‘MIGHT’, the Malaysian Prime Minister’s task force to explore how the country can use emerging technologies like blockchain. MIGHT holds discussions with energy companies to understand how they can use blockchain to drive transformation in the renewable energy sector.
Residential and commercial PV has so far seen limited growth in the Philippines, despite the country having a net metering scheme in place for PV installations up to 100 kW in size since July 2013. The reasons for the slow development can be found in a series of hurdles that are preventing Philippine homeowners and small and medium-sized enterprises from installing rooftop solar.
Sony Corporation, the Japanese electronics giant, has joined RE100 with an aim of reaching 100% use of renewable energy at all its premises by 2040. Sony already has all of its European operations supplied fully by renewables and now it will expand its use of clean energy in North America and China, as well as planning to use solar power at all of its factories in Thailand, Japan and elsewhere.
WEPOWER IS a Lithuanian startup that aims to change the way renewable-electricity projects are paid for. The government-guaranteed prices that have propelled growth in wind and solar energy around the world are being cut back. So his firm wants to help developers of renewables raise money by selling the rights to the electricity their plants will produce once built.