LNG AN ALTERNATE TO RUSSIAN ENERGY SUPPLIES IN EUROPE: It’s no secret that the European economy is decidedly dependent on Russian oil and gas and it has regrettably been a major penetrating point in Western efforts to take any action against Moscow for its invasion of Ukraine as the United States banned Russian energy imports, however, Europe found it more difficult to cut off its supplies from Russia.
The Ukraine War and Renewable Energy: While Russia’s invasion of Ukraine had a devastated negative impact on stock markets around the world, renewals are outperforming remarkably as a consequence of power prices jump and investors mull the rising need for energy alternatives. The European Renewable Energy Index surged immediately as much as 9.3 percent, the biggest jump since the pandemic lows of March 2020, posing a stark contrast to the European market’s collapse.
Emergent of Global Renewable Energy: Renewable energy is defined as energy that is not emanated from fossil or nuclear fuel but derived from natural resources that are predictably replenished at a faster rate than they are consumed such as hydro, solar, wind, geothermal, and biomass;
Nevada Solar One Project: The Biggest Concentrating Solar Power (CSP) Plant in the World: Nevada Solar One Project (NSOP) is indeed the biggest CSP plant installed in the world in the last 19 years and the third biggest in absolute terms behind the two 80 MW facilities constructed in the Mojave desert in the early 1990s. CSP technology uses thousands of mirrors to reflect and concentrate sunlight onto a central point to generate heat, which in turn is used to generate electricity.
