Global HVDC Converter Stations Market to Grow by $ 3.36 Billion During 2020-2024

LONDON–(BUSINESS WIRE)–Technavio estimates the global HVDC converter stations market to grow by USD 3.36 billion, progressing at a CAGR of almost 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increase in…

Ireland warned of risk posed by Brexit to energy supplies

Ireland’s energy supply is at risk of being “doubly disconnected” due to Brexit, Taoiseach Micheál Martin has been warned. The claim came from the Irish Offshore Operators’ Association (IOOA) in a letter to Mr Martin at the end of November. The Programme for Government commits to a ban on new exploration for oil and gas…

De-rating data shows British reliance on power interconnectors

• Nameplate capacity set to increase by 18.2GW over the coming decade • De-rated capacity is expected to begin declining in 2023 • Gap to be plugged by expansion of interconnector capacity LONDON (ICIS)–Ambitious renewable capacity targets underpin the UK’s goal to net zero carbon emissions, which is expected to drive the growth of renewable…

Brexit and Energy

The U.K. won’t have access to the EU’s internal energy market. This was expected but there will be new arrangements in place by April 2022 to make sure that trading is smooth and efficient on interconnectors — huge power cables that run between the U.K. and Europe. The U.K. is a net importer of electricity…

Renewable energy accounted for 20% of energy used in Europe in 2019

These figures, which were published this week, mean that the EU is only 0.3% from reaching its target of a 20% renewable energy share by 2020. Building on this progress, further increasing the use of renewable energy is a cornerstone of the European Green Deal. European Commissioner for Energy Kadri Simson said: “The continued increase…