Renewable energy is on the rise in North America, with 21% of electricity generated in the US coming from renewable sources in 2023. Despite abundant capital and opportunities, challenges around investment persist due to project complexity and financial risks. Marsh's innovative use of surety bonds, already significant in the renewable energy sector, presents a potential solution. #marsh #surety #renewableenergy
Nidhi Sood Abbi’s Post
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Talent Solutions Expert in Energy | Renewables | Oil & Gas | Engineering | Professional Services
Two-thirds of applications to build renewable energy projects in Great Britain have failed to get through the planning stage over the past five years, hampering efforts to shift towards clean electricity generation. https://lnkd.in/eqpDis_c
Two-thirds of green energy projects in Great Britain fail to clear planning stage
theguardian.com
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🔋 Urgent Planning Issues Stalling Renewable Energy in the UK An article by the Financial Times highlights that 63% of onshore renewable energy projects in Britain between 2018-2023 have faced planning rejections or delays. This is not good enough and significantly hinders the UK's progress towards achieving net zero by 2050, impacting our environment. Streamlined planning and increased resources are crucial for meeting the UK's clean energy targets. Political pledges to speed up planning processes aim to address these challenges, affecting renewable energy projects' ability to contribute to net zero goals. Read more: https://lnkd.in/dR_ub_uN #RenewableEnergy #NetZero #CleanEnergy #Sustainability #EnergyTransition #ClimateAction #VerdantEcoEnergy
Bulk of UK renewables projects fail to get beyond planning stage
ft.com
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The UK government has introduced a groundbreaking new scheme to attract significant investment in renewable energy storage, a crucial step towards achieving its net zero targets by 2030. #capandfloormechanism #EnergySecurity #energystoragetechnologies #greenenergyinvestment #longdurationenergystorage #NetZeroTargets #renewablepowerfunding #solarpowerexpansion #UKenergyinitiatives #thxnews
UK Unveils New Scheme to Boost Renewable Energy Storage
https://thxnews.com
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In big energy news today - the Federal Government has just awarded 19 renewable energy projects in Australia’s largest-ever renewable energy tender under the Capacity Investment Scheme. We see the merit criteria for this scheme – the standards these projects were judged against – as a key opportunity to raise the bar. These projects should be in a race-to-the-top to deliver the best socioeconomic and environmental outcomes for host communities.
NSW gets lion’s share as 19 solar, wind and hybrid projects win Australia’s biggest renewable tender
https://reneweconomy.com.au
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A new report by Green Energy Markets shows NSW is less than halfway to it's renewable energy rollout goal of 82% by 2030. We need to ramp up the transition to cleaner and cheaper renewable energy today.
NSW lags on rollout of renewables, putting Australia’s 2030 clean energy target at risk
theguardian.com