The German year-ahead baseload traded as high as Eur197.75/MWh, a new high for the 2023 contract, while year-ahead coal into Europe traded at $230/mt, EEX and ICE exchange data showed.

Wind turbines last Tuesday generated over 2,000 gigawatt-hours of electricity, edging out electricity generated by nuclear and coal (but still trailing behind natural gas).

According to the Global Wind Energy Council (GWEC), the global wind capacity increased by 93.6 GW in 2021 (+12%), to 837 GW.

Portugal aims to reach carbon neutrality by 2050 and over €25bn should be invested in the energy sector in the next 10 years.

According to data compiled by the U.S. Bureau of Economic Analysis, the Consumer Price Index (CPI) for ‘Energy’ in February 2022 was 25.6% higher than in February 2021, which is more than triple the increase of the CPI for ‘All Items,’ which was 7.9% higher over the same period.

Renewable sources accounted for more than one-eighth (12.61%) of the U.S. energy produced and 12.49% of the energy consumed for electricity, transportation, heating, and other uses.

Acceleration of the energy transition is essential for long-term energy security, price stability and national resilience.

China will pursue its strategy to reduce the share of coal in its energy consumption, aiming to reach 17.3% of non-fossil energies in its total energy consumption in 2022, up from 16% in 2020.

The Biden administration has set a goal of a carbon-free electric sector by 2035.

Customers get a cost-effective way to generate their own power, a source of backup power in the event of grid outages, and payment for power they send back to the grid.

By 2025, carbon-free energy sources should account for 20% of the energy mix and 39% of the power mix.

The goal of the National Infrastructure Plan 2050 (NIP 2050) is to create a foundation for achieving the NDP’s vision of inclusive growth.

The committee said geothermal energy and nuclear energy have the potential to play a part in Singapore's future energy supply mix.

Renewable facilities added 23,639 megawatts (MW) of new generating capacity last year with solar and wind providing 12,804-MW and 10,754-MW respectively.

"With IRENA forecasting that energy transition investments will have to increase by 30% over planned investment to a total of $131 trillion between now and 2050, the UAE is committed to supporting this transition through domestic and foreign investment. To achieve our ambition, we plan to invest $163 billion to diversify our energy mix."