Wind power prevents rising gas prices from driving up European electricity market prices in the second week of November. In the second week of November, average prices in most major European electricity markets exceeded €100/MWh, although they were lower than the previous week. This decrease occurred thanks to the increase in wind energy production and … Continue reading Photovoltaic and wind energy in the second week of NovemberPhotovoltaic and wind energy
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Morocco plans largest photovoltaic solar power project
Morocco is planning to launch its largest photovoltaic and wind power project in Western Sahara Desert to supply electricity to Casablanca city through an electricity network stretching nearly 1,400 kilometres, newspapers reported on Tuesday. The project is based in Dakhla city in the disputed territory and is expected to be launched in January 2025, they … Continue reading Morocco plans largest photovoltaic solar power project
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A 70 GW photovoltaic and wind energy project in Australia, the largest in the world
Today, let’s talk about a massive renewable project proposed in Australia: the Western Green Energy Hub (WGEH). The figures are staggering. This is one of the largest and most ambitious renewable energy projects in the world, planned to cover an area of no less than 22,700 square kilometers on the desert coast of Western Australia. … Continue reading A 70 GW photovoltaic and wind energy project in Australia, the largest in the world
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Green energy corridors for Central Asia and the Caucasus
COP29 host Azerbaijan and its neighbors are still largely fossil dependent, but regional collaboration around renewables could usher in a new era. ? Download PDF Ufuk Alparslan Regional LeadEmber This study analyses the current electricity mix, untapped renewable energy potential and energy transition commitments across Central Asia and the Caucasus. It highlights the role of … Continue reading Green energy corridors for Central Asia and the Caucasus
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Donald Trump’s promise to repeal Biden’s climate policies will cost the US billions, report says
Donald Trump could slow America’s rise as a clean energy superpower and lose billions of dollars in investment. China will benefit from Trump’s ignorance, becoming the undisputed world leader in wind power, photovoltaics, electric vehicles and batteries, among other sectors. Under Donald Trump, the United States will precipitate its decline. Trump said before his election … Continue reading Donald Trump’s promise to repeal Biden’s climate policies will cost the US billions, report says
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Solar photovoltaic and wind energy in the last week of October
End of October and beginning of November marked by rising prices in European electricity markets. In the last week of October, prices in most major European electricity markets increased compared to the previous week, with weekly averages exceeding €80/MWh. On November 4, some markets registered their highest hourly prices of the year. Photovoltaic energy reached … Continue reading Solar photovoltaic and wind energy in the last week of October
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Wind energy leads generation in Spain with 26.3% in October and photovoltaic reached 13.4%
During this month of October, renewables have generated 15.4% more than in the same period of the previous year and have accounted for 55.9% of the monthly mix. Wind energy leads the generation structure by producing 26.3% of the national total recorded in the month of October.National electricity demand experienced an increase of 1.9% in … Continue reading Wind energy leads generation in Spain with 26.3% in October and photovoltaic reached 13.4%
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North Seas countries set out clear vision on wind supply chain and grid build-out
The Energy Ministers of the 9 North Seas countries held their annual meeting yesterday in Odense, Denmark. They reaffirmed their ambition to transform the North Seas into “Europe’s green power plant.” They gave clear recommendations to the new EU Commission how best to support that. Notably on the need to further strengthen Europe’s wind energy … Continue reading North Seas countries set out clear vision on wind supply chain and grid build-out
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Photovoltaic, wind power projects of over 10 GW in Albania await grid access
Albania’s Transmission System Operator (OST) said in its report for 2023 that developers of 133 wind power and photovoltaic solar projects applied for grid connections. Their total planned capacity is just under 10.5 GW. However, the state-owned company signed only three contracts. Wind energy and photovoltaic solar power plant projects in Albania have by far … Continue reading Photovoltaic, wind power projects of over 10 GW in Albania await grid access
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Clean Energy Industries Rally Behind Illinois Bills to Save Ratepayers $3 Billion Through Grid Modernization
Illinois clean energy industries are unified in supporting HB5856 and SB3959, new legislation that will future-proof Illinois’ energy grid and economy, lower consumer costs, meet climate goals, create family-sustaining careers, and mitigate increasing risks of blackouts. “Clean energy is the future, and it’s my duty to work toward that future for the benefit of all … Continue reading Clean Energy Industries Rally Behind Illinois Bills to Save Ratepayers $3 Billion Through Grid Modernization
Continue readingThe recovery of wind energy production in Europe in the second week of October favors the price fall in the electricity markets
In the second week of October, wind energy production in most major European markets recovered after the previous week’s falls, favoring weekly price declines in most electricity markets. On an hourly basis, some markets registered negative prices, while others registered the highest prices since at least February 2024. In Italy, photovoltaic energy production reached a … Continue reading The recovery of wind energy production in Europe in the second week of October favors the price fall in the electricity markets
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Energy storage, essential for photovoltaics and wind power, is a solved problem
There are thousands of extraordinarily good pumped hydro storage sites around the world with an extraordinarily low investment cost. When combined with batteries, the resulting hybrid system has large energy storage, low cost for both energy and power, and fast response. Storage is a solved problem. In 2023, twice as much solar generation capacity was … Continue reading Energy storage, essential for photovoltaics and wind power, is a solved problem
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Impact of hybridisation of renewable energy and batteries on the energy transition and PPA
Hybridisation of batteries and renewable energy not only improves the technical efficiency of projects but also provides significant advantages in the PPA field, both for producers and buyers. With this growing trend, the future of energy storage and management is shaping up to be one of the most strategic pillars for decarbonising the European energy … Continue reading Impact of hybridisation of renewable energy and batteries on the energy transition and PPA
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Wind energy (21.1%) and photovoltaic (19.5%) dominate electricity generation in September in Spain
During this month of September, renewables have generated 33% more than in the same period of the previous year and have accounted for 53% of the monthly mix. National electricity demand experienced an increase of 3.1% in September compared to the same month of the previous year, once the effects of temperature and working hours … Continue reading Wind energy (21.1%) and photovoltaic (19.5%) dominate electricity generation in September in Spain
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European wind energy production reached records for September
In the last week of September, wind energy production increased in the main European markets and registered historical daily production records for September in several markets. This favored the decline in electricity market prices, even though gas and CO2 prices increased during the week. Solar photovoltaic energy production declined in most markets with the arrival … Continue reading European wind energy production reached records for September
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Highest Annual Growth of Renewables Jobs in 2023, Reaching 16.2 Million
2023 saw the highest ever increase in renewable energy jobs, from 13.7 million in 2022 to 16.2 million, according to the newly released Renewable Energy and Jobs – Annual Review 2024 by the International Renewable Energy Agency (IRENA) and the International Labour Organization (ILO). The 18% year-on-year leap reflects the strong growth of renewables generating … Continue reading Highest Annual Growth of Renewables Jobs in 2023, Reaching 16.2 Million
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Price cannibalisation triggers the signing of electricity contracts that combine wind power and solar photovoltaic
In Spain, long-term power purchase agreements, known as PPAs, have been signed that hybridise both technologies for a total of 1.3 GW in the first half of the year. Offshore wind power also promises a new era. Spain is one of the countries with the lowest electricity prices in Europe during solar photovoltaic generation hours. … Continue reading Price cannibalisation triggers the signing of electricity contracts that combine wind power and solar photovoltaic
Continue readingHow PJM Can Reform Its Interconnection Processes to Expedite Battery Storage and Avoid Looming Electricity Shortfall
PJM Interconnection (PJM), America’s largest electric grid operator with a service territory that spans 13 states and the District of Columbia, risks a shortfall of electricity within the next six years yet continues to apply processes that discourage the deployment of battery energy storage systems (BESS), according to a new Gabel Associates, Inc. report commissioned by the … Continue reading How PJM Can Reform Its Interconnection Processes to Expedite Battery Storage and Avoid Looming Electricity Shortfall
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Record Growth Drives Cost Advantage of Renewable Power
81% of renewable additions in 2023 were cheaper than fossil fuel alternatives, offering countries a compelling business and investment case to triple renewables by 2030. In 2023, the global weighted average levelised cost of electricity (LCOE) from newly commissioned utility-scale solar photovoltaic (PV), onshore wind energy, offshore wind and hydropower fell. Between 2022 and 2023, … Continue reading Record Growth Drives Cost Advantage of Renewable Power
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The Future of European Electricity Markets: Batteries, Hybridisation and Profitability
European electricity markets are facing an unprecedented energy revolution, driven by the rise of renewable energies. Batteries and hybridisation of technologies are emerging as key players in this transformation process, not only optimising the integration of clean energy but also mitigating price volatility and increasing the profitability of investments. Falling battery prices and the advance … Continue reading The Future of European Electricity Markets: Batteries, Hybridisation and Profitability
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