Renewable energy set to supply one-third of market needs by 2020

collected by :Victor Alphen

as mentioned in Renewable energy will provide one third of the national electricity market's needs within two years, according to new research from Green Energy Markets (GEM). Key points: A record 18,917 rooftop solar PV systems were installed in MayA record 18,917 rooftop solar PV systems were installed in May On current projections, renewable energy could supply 33pc of market needs by 2020 and 40pc by 2030On current projections, renewable energy could supply 33pc of market needs by 2020 and 40pc by 2030 The total pipeline of renewable projects if approved and built could supply 85pc on needs by 2030The consultancy firm's forecast uses the latest data from the Australian Energy Market Operator and is based on solar and wind farms already under construction or contracted plus rooftop solar maintaining stable installation levels. Image Renewable energy power generation by fuel & market share in the NEM for 2015 and forward estimates. The 131 megawatts (MW) of rooftop solar PV registered in May was also new monthly record. On GEM figures, renewable energy avoided 2.4 million tonnes of CO2 pollution over the month, or the equivalent of taking 9.2 million cars off the road.

Gasum acquires Enegia's energy market services

Published by Will Owen, Editorial AssistantLNG Industry, Wednesday, 20 Jun 18Gasum has signed an agreement with Enegia to acquire Enegia's energy market services business. The transaction covers the shareholdings of Enegia Consulting Oy, Enegia Portfolio Services Oy and intStream Oy. AdvertisementCustomers of Enegia energy market services business include energy companies, industry and the public sector. Energy market services employ around 35 professionals in energy sourcing and sales and in emissions trading and green certificates. Enegia's energy market services personnel will transfer to Gasum when the transaction is closed.

Blockchain leads to P2P energy market – Bankless Times

according to The creation of Bitcoin and its underlying blockchain technology has proven to be crucial in the development of further digital currencies and autonomous digital ecosystems. Blockchain technology distinguishes itself from other subpar systems of procedure by offering the much-needed trust required to record important data whilst removing concerns regarding hacking vulnerabilities through its decentralized nature. Operating at the forefront of the renewable sector, blockchain technology is likely to become the missing link required for a better tomorrow in terms of sustainable green energy. Streamlining costs leads us into how blockchain can aid prosumers – those energy consumers that also produce power. Energy consumers benefit as well from blockchain-enabled peer-to-peer distribution, as it allows them the freedom of selecting their supplier of choice – including prosumers.