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Need for transition in fossil fuel-dependent economies deepens amid climate targets
- Structural reforms and new revenue sources needed despite they being unlikely to compensate fully for oil, gas income drop
Renewable energy economics to bring disruption in 2020s
- Disconnect between renewable energy supply and demand continue to pose challenges, says Fitch Ratings
Turkey's first mini solar tenders to be held next week
- Mini YEKA tenders will incorporate more small and medium-sized investors to expand deployment of renewables, Donmez says
Oil-rich Saudi Arabia branches into solar power
- Saudi Arabia's latest steps on solar energy will help the country reach 3,670 megawatts of solar capacity
Turkey's Sabanci to use green power for EV charging
- Sabanci group plans to increase number of charging stations to at least 500 by year-end, says group president
Renewable returns outpace fossil fuels threefold
- Share of renewable power in global energy investment has risen to nearly one-fifth during crisis in 2020, report says
Cities with 1 bln. population deviate from fossil fuels
- Around 800 cities commit to net-zero in 2020 up from 100 in 2019, Renewables in Cities Global Status Report 2021 says
18.03.2021
Renewable
Turkey among leading countries in energy investment
- Turkey ranks 13th in world, 6th in Europe in terms of renewable energy installed capacity, says Erdogan
Turkey's renewable sector to attract $3B fund in 2021
- Around 4,500 megawatts of renewable energy capacity is expected to come online this year in Turkey
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India to see largest energy demand of any country
- Country needs $1.4 trillion to put energy sector on a sustainable path over next two decades, new IEA report says
Turkish scientist warns of pace of global warming
- Temperatures could be up to 6C hotter by turn of century, says Doganay Tolunay
Turkey's renewable energy investments reach $7B in 2020
- Turkey renewable energy additions totaled 4,800 megawatts last year, supported by Turkey's Renewable Energy Support Scheme
Electricity to form 30% of Turkey energy demand by 2040
- Final energy demand will increase by 40% while electricity demand will grow by around 70% to 90% by 2040
Renewables output prevents Turkey's $5B energy imports
- Turkey's installed renewable capacity totals 49 gigawatts with approximately 4.7-gigawatt increase this year
Oxford PV hits world record in solar cell efficiency
- Oxford PV will be first company to sell next generation solar cells to public from 2022
2020 global power demand to see biggest fall in 50 yrs.
- Demand is estimated to rebound modestly in 2021 after historic shock from pandemic in 2020, a new IEA report says
14.12.2020
Electricity
Support mechanism key to Turkey’s renewables growth
- Renewable energy capacity additions this year to date set record high with over 4,200 megawatts
Esenboga Elektrik purchases 11 solar power plants
- Approx. 20 million kWh of solar energy, $2.66M of sales revenue and $2.5M of net income are expected in 2021 from plants
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G20 backtracks on fossil fuel funding phase-out
- G20 governments' fossil fuels support is likely to trend upwards via COVID-19 recovery programs this year, new study finds
US officially exits Paris climate accord
- UN rules require withdrawal to take effect 4 years after deal came into effect, coincidentally a day after US elections
05.11.2020
Americas
Renewable companies overtake world's once energy giants
- Financial markets have a rethinking of future energy needs and supplies with COVID-19 and regard fossil fuels a growing risk, top expert says
Renewable energy jobs reach 11.5 million worldwide
- Solar energy creates 33% of total global jobs alone while China is top country with 4.4M in employment, a new report shows
Turkey extends renewable energy support mechanism date
- If plant equipment is locally-produced, additional support for five years will be given starting from commission date
Turkey gets 3.9B TL for clean energy generation in Aug.
- Under Renewable Energy Support Scheme, 817 facilities producing about 5.7 million MWh of electricity receive financial aid
Turkey gets 4.1B TL for clean energy generation in July
- Under Renewable Energy Support Scheme, 817 facilities producing about 6.3 million MWh of electricity received financial aid
US' gas-fired electricity generation rises 9% in 1H20
- Increase in natural gas-fired generation result of low gas prices, additions in gas-fired power capacity
Turkey gets 3.9B TL for clean energy generation in June
- Under Renewable Energy Support Scheme, 817 facilities producing about 6.17 million MWh of electricity received financial aid