The Brent price will average $107/b in 2Q22 and $103/b in the second half of 2022, the average price to fall to $97/b in 2023.

I believe we are in fact in the first global energy crisis, and this is affecting the oil markets, gas markets, electricity markets and coal markets. The world has never seen such an energy crisis.

India plans to set up 30,000 megawatts (MW) of offshore wind power capacity alongside 50,000 MW of solar capacity

The Norwegian company Deep Wind Offshore has initiated a consultation on a 6 GW floating offshore wind project in the Swedish Baltic Sea comprising 240 x 25 MW or 300 x 20 MW turbines.

The Portuguese energy group Galp has reached an agreement with SER Energia and Casa dos Ventos to acquire upon maturity up to 4.8 GW of solar and wind projects spread through nine Brazilian states.

19 GW of new wind projects were financed in the European Union, well below the required rate of 32 GW/year to meet the current 40% renewable energy targets by 2030.

Complete removal of fossil fuels from the global economy removes three quarters of global greenhouse emissions.

To win the tender for Site VI the bidding parties have to include ecological measures in their concept, whereas Site VII requires investments and innovations which are beneficial for the Dutch Energy System.

The increase in U.S. electric power sector renewable generation during 2021 came mainly from more wind and solar generation as a result of more wind turbines and utility-scale solar power plants coming online.

A retreat from wind power could have devastating consequences, as it is set to play a pivotal role in global efforts to transition to green energy.

By the end of 2021, global renewable generation capacity amounted to 3 064 Gigawatt (GW), increasing the stock of renewable power by 9.1 per cent.

A requirement to function through a 10-day period of low/no wind and solar and to recharge storage over the succeeding 10-day period, with a 20% capacity reserve margin, would require renewable generating capacity approximately 2.4 times peak demand on the grid.

The Brent price will average $108/b in 2Q22 and $102/b in the second half of 2022 (2H22).

Nuclear's share of energy in the UK is currently about 16%, however almost half of the country's current capacity is due to be retired by 2025 and all but one of its reactors will retire by 2030.

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).