UK’s global renewable exports on the up

UK wind, wave and tidal firms are exporting their products and services worldwide on a massive scale. That’s according to a new report from RenewableUK, which shows in 2016, a sample of 36 UK firms signed more than 500 contracts to work on renewable energy projects across 43 countries. These contracts each ranged in value […]

Renewable energy gathering momentum globally

Renewable energy is closing the gap if ever so slightly on fossil fuel generation. The Institute for Energy Economics and Financial Analysis (IEEFA), which provides a summary of the recent global electricity market found that last year, solar energy rose by 20% to a record 46-48 gigawatts (GW). This is equivalent to around 16 million […]

Global solar market to reach $147bn by 2018

Global solar installations are expected to reach 60GW in the next five years, with the market estimated to be around $147 billion (£96bn). The installations are predicted to grow by 10.7% and the market by 5.6% to 2018 from last year, which saw 29.6GW worth of capacity installed, according to analysts at Transparency Market Research. […]

Chinese oil demand up, Saudi production down

The global oil market tightened last month as demand in China increased and output in Saudi declined. In its latest monthly report, the International Energy Agency (IEA) raised its forecast for global oil demand, with growth this year expected to be 930,000 barrels per day, up from the previous estimate of 865,000 barrels a day. […]