Wednesday, 24 February 2021 Marine tourism has been expanding globally due to enhanced coastal infrastructure and increasing government initiatives for developing coastal regions not just for trade but also for tourism. In spite of the recent decrease in activity due to COVID-19, this is anticipated to provide a major impetus to electric outboard engines market over the upcoming years. According to Global Market Insights, Inc., electric outboard engines market size is projected to surpass $175 million by 2027. Pixabay
The electric outboard engines that are predominantly used for recreational activities lie in the power range of 50 – 150 kW as these engines are capable of hauling larger vessels such as luxury yachts, recreational yachts tugboats and cruisers. With significant technological advancements, engines with higher efficiency, lower environmental emissions are also widely available which is positively influencing the business space.
Creative Commons Image.
The report marks the launch of Paris-Proof Retail Real Estate, an initiative that looks to develop a vision and strategy to support the European retail real estate sector reach net-zero carbon emissions by 2050, in line with the Paris Agreement.
The report highlights that the current rate of decarbonisation of retail buildings is not happening fast enough to meet climate goals. Extreme weather conditions, rapidly expanding floor area and growth in demand for energy consuming services exacerbate the issue. In 2019, the global buildings and construction sector accounted for 35 percent of final energy use and 38 percent of energy and process-related carbon dioxide (CO2) emissions. Delivering the vision of climate-neutrality requires thorough renovation and smart design of the whole building stock, including retail portfolios.
Wednesday, 24 February 2021 New Zealand’s Meridian Energy will soon begin construction of a new $395 million wind farm in Hawke’s Bay, boosting New Zealand’s ability to take action on climate change and accelerating the transformation of the economy to clean energy sources. Computer simulation created by Boffa Miskell: View from SH5 nearing summit from the West
The Harapaki Wind Farm will be New Zealand’s second-largest wind farm with 41 turbines generating 176 MW of renewable energy, enough to power over 70,000 average households. The construction will take around three years and is expected to create 260 new jobs.
Meridian Energy Chief Executive Neal Barclay says the decision to commence construction now is a sign of confidence that clean energy infrastructure can deliver strong economic benefits.
Californians pay two-to-three times more for electricity than it costs to provide, impeding state’s climate targets
Wednesday, 24 February 2021 California’s current strategy of recovering a myriad of fixed costs in electricity usage rates means that the state uses more renewable electricity to power buildings and vehicles on the path to carbon neutrality, according to a new joint report by the Energy Institute at the UC Berkeley Haas School of Business and non-profit think tank Next 10. Courtesy of NREL.
Data from the report “Designing Electricity Rates for An Equitable Energy Transition” reveal that the state’s three largest investor-owned utilities (IOUs) charge residential electricity customers much higher prices than are paid in most of the country - prices that are two to three times higher than the actual cost to produce and distribute the electricity provided. These high prices result from uncommonly large fixed costs that are bundled into kilowatt-hour price
Tuesday, 23 February 2021
Capital Dynamics CEI, the Clean Energy Infrastructure business line of Capital Dynamics, an independent global private asset management firm, and Hoosier Energy, a generation and transmission cooperative, today announced the signing of a long-term Power Purchase Agreement.
Under the terms of the PPA, Hoosier Energy will purchase 150-megawatts (MW) of the power generated by the Ratts 2 Solar Project, a CEI-owned greenfield solar project that is currently being developed in Knox County, Indiana. Arevon Energy Management and Tenaska are co-developing this project and were instrumental in procuring and negotiating the terms of the PPA. Construction is expected to begin in 2022 with commercial operation anticipated in 2023.