Geothermal power producers added the most capacity since 1997 last year as developing nations in Asia and other regions seek alternative energy sources, while installation declined in the U.S., according to the Geothermal Energy Association.
Russia, the world’s biggest natural gas exporter, increased pressure on Ukraine over its $2.2 billion fuel debt as U.S. Vice President Joe Biden voiced support for the smaller country to gain energy independence.
Germany’s biggest utilities face dwindling market shares as the shift to renewable energy spurs regional power generation and storage technology, a senior member of Chancellor Angela Merkel’s party said.
RWE AG, the German utility that reported its first loss in at least 65 years last year, expects its earnings base to “largely stabilize” from 2015 as it takes steps to overcome revenue shortfalls caused by the country’s shift out of nuclear power.
Enel Green Power SpA, the clean energy company majority owned by Italy’s largest utility, sees Africa as “the next big place” for renewables as it seeks to expand in markets with faster growth in power demand.