In less than a decade, solar power will be economic in comparison to local fossil fuels globally, while wind will be economic in more than half of cases.
Global demand for electricity is predicted to rise by 4.5% in 2021 – equivalent to 1,000TWh – following heavy reductions as a result of COVID-19.
Drax has dropped plans to develop any new gas plants, including its plans to build Europe's biggest CCGT plant as it moves to turn its back on fossil fuels.
Last year was Britain’s greenest yet, with renewables generating more power than fossil fuels for the first time according to a new report from Drax Electric Insights.
The Welsh government has set out its legal commitment to achieve net zero by the middle of the century, as well as stating it will push to “get there sooner”.
Renewables have overtaken fossil fuels in Europe in what is being hailed as a “landmark” moment.
Fossil fuel generation has more than halved over the last decade, hitting a new record low in 2020.
Power consumption is set to more than double by 2050 as electrification increases, according to new research from McKinsey.
The UK’s current energy stimulus package misses the opportunity to create new green jobs and accelerate the transition to a flexible, renewable powered economy, according to a new report.