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Clean Power Generation
| December 30, 2019
EDF Renewable Energy is dedicated in our efforts to create the most efficient renewable energy projects possible, for our own portfolio and for third parties.
Article | February 27, 2020
Homeowners, commercial and industrial businesses have started choosing solar energy over conventional sources of energy in India. The explosive adoption is a result of affordable solar modules, Government schemes and policies that are accelerating the growth of renewable energy. Solar energy reduces the dependence and reliance on fossil fuels. Besides burning of fossil fuels for energy production has been one of the biggest culprits contributing to climate change. And, we have been doing it not just for years or decades but for centuries. Today, we have numerous environmental challenges that are directly influenced by human activity.
As businesses shut down and many work from home around the world, electricity demand has reduced in COVID-19 hotspots. This could have a knock-on effect for the renewable sector. China, where the outbreak first took hold, is the world’s biggest electricity consumer. Output from factories has been substantially diminished with many unable to return to their jobs in manufacturing. Due to the curtailing of industrial electricity use, cuts in energy consumption for 2020 could be equivalent to the power used by the whole of Chile, according to IHS Markit. In Europe, peak power consumption has also gone down. Italy, Spain, and the UK have all seen an average 10 per cent drop in energy usage with bars, restaurants, offices and factories, which remain closed as social distancing measures continue.
It’s been nine years to the day since the Fukushima Daiichi nuclear disaster: one of the worst nuclear accidents in history. This brings up memories of Chernobyl and other nuclear accidents that have played a part in the opposition to nuclear energy. However, there is still a debate on the merits and drawbacks. There are those who see it as a path forward to getting off of fossil fuels while others maintain that not only does nuclear energy pollute, but other risks are taken by developing this type of energy. This debate has been going on for decades since the birth of the atomic bomb. Yet, due to the threat of climate change, is nuclear power a viable option moving forward?
The world’s largest automotive company, Toyota, has announced a joint venture to enter the renewable power generation industry, setting up Toyota Green Energy in its home country of Japan. While initially this will focus on powering the company’s operations with clean electricity, the long-term could see the venture shift its focus towards the production of green hydrogen for use in Toyota’s fuel-cell vehicles. Last Friday, Toyota Motor Corporation announced an agreement with Chubu Electric Power and Toyota Tsusho Corporation to establish their new partnership in July, with the purpose of obtaining and managing renewable energy resources in Japan to power the operations of the Toyota Group.
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