News In Brief 29 August 2017

GTM RESEARCH

The inexorable rise of solar energy is highlighted in the latest Global Solar Demand Monitor from this subsidiary business of the energy analysts Wood Mackenzie. It forecasts that during 2017 global solar demand will exceed 80 GW for the first time. It adds that “by 2022, global capacity will likely reach 871 gigawatts. That’s about 43 gigawatts more than expected cumulative wind installs by that date. And it’s more than double today’s nuclear capacity.” In related news the state government of South Australia has announced plans to construct the world’s largest single-tower solar thermal power plant in Port Augusta.

INTERNATIONAL RENEWABLE ENERGY AGENCY

India can raise its renewable energy use to meet a quarter of the country’s total final energy demand by 2030, according to a report by the International Renewable Energy Agency (IRENA). Renewable energy prospects for India describes how solar energy will play a vital role representing the second largest source of renewable energy use with 16%, followed by wind at 14%, and hydropower at 7% of the country’s total final renewable energy use by 2030. Biofuels would account for 62%. The country could potentially increase its share of renewable power generation to over one-third by 2030.

SOCIAL INVESTMENT SCOTLAND

Social Investment Scotland (SIS) reported a 15th consecutive year of growth according to its year-end financials. Total unrestricted income including lending operations, management fees, transfers and grants amounted to £1,462,000, up 11% from the prior year. Over the course of the year SIS has invested a total of £3.4 million in more than 35 organisations throughout Scotland. The lending total from 2016/2017 means that SIS has now invested more than £56 million in over 270 organisations since being established in 2001.

GO ULTRA LOW

The campaigning group Go Ultra Low, which seeks to encourage drivers to switch to electric vehicles, claims that “the Go Ultra Low Companies initiative now has over 100 members signed up. OVO Energy, Oxford City Council, Swansea University, Santander UK and Gatwick Airport are just some of the companies committing to introducing electric vehicles to their fleets. All companies signed up have stated that EVs will make up at least 5% of their fleet by 2020. Many on the list have ambitions to exceed the 5% target, such as Santander UK which has pledged to ensure that 10% of its fleet is ultra-low emission. Oxford City Council says that 7% of its total fleet will be 100% electric by the end of the decade.”

 

 

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