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Can a New Power Link Boost the EU’s Energy Independence?

Cars That Think

At the moment, the Caucasus nations dont produce enough renewable electricity to export it, so they would have to build at least three times more capacity. Fossil fuels still represent 90 percent of Azerbaijans exports and up to 50 percent of its GDP, according to the International Energy Agency. GW the country currently generates.

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Global geothermal industry passes 12,000 MW operational

Green Car Congress

The international geothermal power industry is poised to place between 500 and 1,000 MW on line per year for the rest of the decade, said GEA. In Nevada, NV Energy is looking to replace coal plants with 300 MW of renewable energy, including geothermal. Ormat Technologies, and AltaRock Energy.

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Azerbaijan Plans Caspian-Black Sea Energy Corridor

Cars That Think

The country is promoting a grand, multi-nation plan to generate renewable electricity in the Caucasus region and send it thousands of kilometers west, under the Black Sea, and into energy–hungry Europe. Masdar , the renewable-energy developer of the United Arab Emirates government, has been investing heavily in wind power in the country.