South America’s 100% renewables transition ‘possible by 2030’

The transition to a fully renewable electricity system by 2030 is possible for South America. That’s according to a study by Lappeenranta University of Technology and VTT Technical Research Centre of Finland, which suggests energy storage could help achieve that goal. It said the cost of green electricity in a 100% renewable system would be […]

South America’s first solar thermal plant online

A solar thermal plant believed to be the first in South America has now officially gone online. Spanish firm Abengoa designed and built the 10MW plant for Minera El Tesoro to supply clean thermal energy. Located in the Antofagasta region in Chile, the plant consists of 1,280 solar thermal collector modules (pictured) and has been […]

Brave solar cyclist battles on after truck hit

A London-based cyclist who is raising money for a solar charity with a round-the-world record attempt has pledged “to be back on road in a few days” after being hit by a truck in the United States yesterday. Zimbabwe-born Sean Conway, who lives in North London is attempting to cycle 18,000 miles through Europe, Africa, […]

Asia takes coal use crown from Europe

A huge shift in coal consumption over the last 30 years saw Asia’s use rocket while past heavy user Europe has cut back, new figures released yesterday show. According to the US Energy Information Administration (EIA), while coal use in Europe and Russia dropped by more than a third over the last thirty years, consumption […]

Russia targets Venezuelan oil

Venezuela could be Russia’s next big oil focus after Rosneft signed a “tentative” agreement with the South American state-owned oil firm PDVSA. The Russian power firm said yesterday together they hope to develop exploration blocks in the Orinoco oil belt which are estimated to hold 40 billion barrels. Rosneft said it is set to pay […]

New charity Energy Aid brings power to poorer nations

A new charity is aiming to end energy poverty by bringing sustainable electricity to the world’s poorest regions. The UN estimates that 1.3 billion people currently have no access to electricity. Energy Aid, which is backed by consultancy IBM and UK charity Practical Aid, will give cash and resources to charities running energy projects in […]

Buyer pulls out of BP’s $7bn South America sale

BP’s sale of its South American oil company has fallen through after the buyer pulled out citing “legal reasons”. Bridas Corporation sent a letter to BP this weekend to cancel the $7.06billion deal to buy up BP’s 60% stake in Pan American Energy, the second largest producer of hydrocarbons in Argentina. Bridas, which owns the […]

Smart meters to drive massive electricity market growth

A new report predicts that the growth of smart meter roll-outs worldwide will almost double the value of the global electricity market in the next three years. According to ABS Energy Research, the value of the electricity market will rise from £4.1bn last year to £7.1bn by 2013. The company said59.9% of this unit demand […]