Solar energy defies autumn and production increases in European markets. In the fourth week of October, solar energy production increased compared to the previous week in all analysed European markets. The largest increase of 21% was registered in the Spanish market, followed by a 19% increase in the Portuguese market. In the French and German … Continue reading Behaviour of wind energy production compared to the previous week varied from market to market
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IRENA Rolls Out Indonesian Energy Transition Roadmap
As climate concerns mount, and the world looks to gather in Egypt at COP27 in early November to deliver a collective response to the crisis, a new report outlines a comprehensive energy roadmap for accelerating renewable energy and energy transition resources in Indonesia. A collaboration between the International Renewable Energy Agency (IRENA) and the Indonesian … Continue reading IRENA Rolls Out Indonesian Energy Transition Roadmap
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Ørsted enters into agreement with Equinor on Norwegian gas for Denmark
Ørsted and Equinor have just signed an agreement under which Equinor will supply Norwegian gas to Denmark via Baltic Pipe. The agreement covers the period from 1 January 2023 to 1 April 2024, and the total volumes of gas supplied during the period will be approx. 8 TWh, corresponding to roughly a quarter of the expected … Continue reading Ørsted enters into agreement with Equinor on Norwegian gas for Denmark
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Low wind turbine orders call for step change in Europe’s energy security strategy
Wind turbine orders in Q3 2022 fell by 36% compared with Q3 2021. Europe urgently needs to solve permitting and strengthen its wind energy supply chain. Inflationary cost pressures, slow permitting and uncertainty around the EU’s emergency electricity market interventions are stalling orders for new wind turbines. WindEurope tracked orders for new wind turbines with … Continue reading Low wind turbine orders call for step change in Europe’s energy security strategy
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X1 Wind successfully installs floating wind platform in Spain
X1 Wind’s floating platform has been successfully installed at the PLOCAN test site in the Canary Islands. As summer trade-winds abated, a suitable weather window allowed X1 Wind and partners from the EU-backed PivotBuoy Project to complete the installation process, connecting the fully-functional floating wind prototype to the mooring system and dynamic cable pre-installed last … Continue reading X1 Wind successfully installs floating wind platform in Spain
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Rising Renewable Costs: How Significant?
Renewable energy is experiencing a rare trend. Costs have increased in 2022 for the first time since the 2007-08 commodity price boom, finds Energy Intelligence’s latest report on the cost of electricity generation. Commodity prices have now stabilized but rising interest rates may add another layer of cost increases and further penalize renewables in the … Continue reading Rising Renewable Costs: How Significant?
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World Energy Outlook 2022 shows the global energy crisis can be a historic turning point towards a cleaner and more secure future
The global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system, according to the latest edition of the IEA’s World Energy Outlook. Today’s energy crisis is delivering a shock of unprecedented breadth and complexity. … Continue reading World Energy Outlook 2022 shows the global energy crisis can be a historic turning point towards a cleaner and more secure future
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We face an abyss of irreversible climate consequences, says IRENA DG
The International Renewable Energy Agency (IRENA) kicked off its twenty-fourth Council meeting today in Abu Dhabi. The biannual two-day meeting, chaired this year by Uruguay, gathers more than 400 delegates from 108 countries to discuss the world’s energy transition ahead of the annual UN Climate Change Conference (COP27) in Sham el-Sheikh, Egypt. “We are staring … Continue reading We face an abyss of irreversible climate consequences, says IRENA DG
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European electricity markets prices among the lowest in several months due to the fall in gas prices and the increase in wind energy
In the week of October 17, European electricity markets prices decreased compared to the previous week, except in the case of the Nord Pool market. This trend continued in the first days of the fourth week of October. The drop in gas prices and the increase in wind energy production favoured this drop in prices. As … Continue reading European electricity markets prices among the lowest in several months due to the fall in gas prices and the increase in wind energy
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Enel Green Power commissions 29 MW wind farm in Castelmauro in Molise
Enel Green Power’s commitment to the energy transition and the growth of the renewables in Italy continues. The company has commissioned the Castelmauro wind farm in Molise. The plant is located between the municipalities of Castelmauro and Roccavivara, in the province of Campobasso, and consists of seven wind turbines of 4.2 MW each, for a … Continue reading Enel Green Power commissions 29 MW wind farm in Castelmauro in Molise
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Iberdrola announces its financial results for Q3 2022
Financial Highlights o Net Profit of €3.1 billion (+29%), driven by strong international performance (mainly in the United States and Brazil) and a 14 % increase in investments to €7.6 billion (€10.5 billion year-on-year).o Ebitda increased by 17% to €9.53 billion.o Operating cash flow reached €8.2 billion, up 28% Business Model Resilience in the current … Continue reading Iberdrola announces its financial results for Q3 2022
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The development of offshore wind power is urgent as a necessity for the energy transition in Spain
The Spanish Wind Energy Association (AEE) has today presented the White Paper on the Offshore Wind Industry in Spain. This publication includes the main indicators of the macroeconomic impact of the development of offshore wind power, with a clear focus on the opportunity it represents for the existing wind, naval and port industry in Spain. … Continue reading The development of offshore wind power is urgent as a necessity for the energy transition in Spain
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DNV awarded owner’s engineer contract for South Korea’s largest offshore wind farm
DNV has been appointed by Elenergy Co Ltd, a Korean renewable energy development company, as owner’s engineer for its 1.5 GW fixed-bottom Chujin offshore wind project. When completed in 2027, the Chujin plant will be the largest commercial-scale offshore wind farm in the country. As the owner’s engineer, DNV will drive the pre- Front End … Continue reading DNV awarded owner’s engineer contract for South Korea’s largest offshore wind farm
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Half of the energy storage capacity that Enel Green Power is building is located in Italy
Half of the energy storage capacity that Enel Green Power is building is located in Italy, and it’s about to reach 2 GW. Our goal is to reach 9 GW worldwide by 2030. Batteries – and storage systems in general – are an essential tool for ensuring the continuity, reliability, and efficiency of the power … Continue reading Half of the energy storage capacity that Enel Green Power is building is located in Italy
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RWE bids with 1.8 GW unique concept for seabed permit in Poland
Poland has started competitive processes for five offshore wind seabed permits in the Polish Baltic Sea. RWE has submitted bids for all five areas with a total capacity of 7.8 gigawatts (GW) – including a site 44.E1, located in the direct vicinity of its F.E.W. Baltic II project. Based on its track record of more … Continue reading RWE bids with 1.8 GW unique concept for seabed permit in Poland
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EDP Renewables increases its gross investment in renewable energy to over 4 billion euros
EDP Renewables (Euronext: EDPR), the world’s fourth largest producer of wind and solar energy, has reported its end of third quarter results, carrying on showing solid growth owing to its larger installed capacity, greater strengthening of renewable resources and average sales price recovery. The result of all of this is an EBITDA of 1.482 billion … Continue reading EDP Renewables increases its gross investment in renewable energy to over 4 billion euros
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GES comissions a wind farm that it has built for the German power producer RWE
GES has carried out the engineering, civil works, and medium voltage network of the wind farm. This is RWE’s first wind power project in Spain, for which it has trusted GES to carry out the works. GES is an international reference providing solution for renewable energies from 25 years ago. The wind and solar activity … Continue reading GES comissions a wind farm that it has built for the German power producer RWE
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Enel Green Power begins construction of the second extension of Lagoa dos Ventos wind farm
Enel is investing around 2.5 billion Brazilian reais in the construction of the new 399 MW section of Lagoa dos Ventos. The new extension will bring the total installed capacity of Lagoa dos Ventos wind complex to more than 1.5 GW.Lagoa dos Ventos is South America’s largest wind farm currently in operation.Enel Green Power Brasil, … Continue reading Enel Green Power begins construction of the second extension of Lagoa dos Ventos wind farm
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The European cap of €180/MWh for renewable energy technologies should be included in PPA
The cap of €180/MWh on the income from electricity production with inframarginal technologies established by the European Union will affect the PPA contracts signed by renewable energy plants. Although, in the case of Spain, it is expected that this measure will have little importance as long as the reduction mechanism remains in force. On Thursday, … Continue reading The European cap of €180/MWh for renewable energy technologies should be included in PPA
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The Iberian Peninsula reaches the highest wind energy production since the spring
In the third week of October, the wind energy production increased compared to the previous week in all analysed European markets. The largest increase, of 433%, was registered in the Portuguese market, followed by the 195% rise of the Spanish market. In the Spanish and Portuguese markets, hourly and daily values not seen since last … Continue reading The Iberian Peninsula reaches the highest wind energy production since the spring
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