Investments in wind energy in Europe fell in 2022. Orders for new wind turbines were down 47% on 2021. There was not a single investment in an offshore wind farm. The problem is inflation, with costs rising at a higher rate than prospective revenues. Investors are also being turned away by unhelpful national interventions in electricity markets. The … Continue reading Investments in wind energy are down – Europe must get market design and green industrial policy right
Continue readingMonthly Archives: January 2023
Exploring a New Era at ACP’s Energy Storage Policy Forum
It’s that time of the year again: the Energy Storage Policy Forum (ESPF) is almost here! As thousands of power sector policy professionals descend on Washington, D.C. this February, I’m excited to plan the second annual Policy Forum under the banner of the American Clean Power Association and my ninth altogether since it started under … Continue reading Exploring a New Era at ACP’s Energy Storage Policy Forum
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Wind, solar power generated record 22.3% of EU’s
Wind and solar power generated a record 22.3% of the European Union’s electricity in 2022, overtaking fossil gas, with 19.9%, for the first time, according to the European Electricity Review published Tuesday by energy think tank Ember. As Europe scrambled to cut most of its gas imports from its biggest supplier, Russia, and was faced … Continue reading Wind, solar power generated record 22.3% of EU’s
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RWE orders two 100-megawatt electrolysis plants for GET H2 in Lingen
With almost two years left until the target date, GET H2, one of the most advanced hydrogen projects in Germany, is picking up the pace. RWE has ordered two 100-megawatt proton exchange membrane (PEM) electrolysers from Linde Engineering, the world’s leading industrial gas plant engineering company. RWE plans to commission the first of the two plants in 2024 … Continue reading RWE orders two 100-megawatt electrolysis plants for GET H2 in Lingen
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Wind energy, demand and CO2 contribute to the rise in European electricity markets
In the fourth week of January, prices of almost all European electricity markets analysed at AleaSoft Energy Forecasting increased compared to the previous week. The general decrease in wind energy production, the increase in demand in most markets and the increase in CO2 prices contributed to this behaviour. On the other hand, on Thursday, January … Continue reading Wind energy, demand and CO2 contribute to the rise in European electricity markets
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Iberdrola builds the largest photovoltaic project in Europe in Portugal
The 1,200-MW Fernando Pessoa solar project is located in Santiago do Cacém, near Sines and its construction will generate up to 2,500 jobs. When it comes on stream in 2025, the Fernando Pessoa plant, named after the Portuguese poet, will be able to supply enough clean, low cost, locally generated green energy to cover the … Continue reading Iberdrola builds the largest photovoltaic project in Europe in Portugal
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GE connects all units at 1.2 GW Jinzhai pumped storage hydro power plant in China
GE was selected to deliver 4x 300 MW pumped storage units for the project. All units passed trial period and are now connected to the grid. The project annual generating capacity represents about 1.4 times the annual household electricity consumption in Jinzhai, China. In line with the planned schedule, all units of the Jinzhai pumped … Continue reading GE connects all units at 1.2 GW Jinzhai pumped storage hydro power plant in China
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Offshore wind leaders and the Carbon Trust to develop first industry-backed method for calculating life cycle carbon footprints
Eleven offshore wind developers – bp, EnBW, Fred Olsen Seawind, Parkwind, RWE, ScottishPower Renewables, Shell, SSE, Total Energies, Vattenfall and Ørsted – are partnering with the Carbon Trust to make future offshore wind even more sustainable. The developers design, build, and operate offshore wind farms globally, including Europe, North America, and Asia. They will work … Continue reading Offshore wind leaders and the Carbon Trust to develop first industry-backed method for calculating life cycle carbon footprints
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ACP’s Next Chapter
I am in the early days in my new role leading the American Clean Power Association. I am looking forward to meeting with ACP members in the coming months to understand what our member priorities are and what can we do together. For the last two weeks I have met with board members, members of … Continue reading ACP’s Next Chapter
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Enel Green Power España has built 20 wind power and solar plants this year in Spain
Endesa’s renewable subsidiary, Enel Green Power España, connected 919 MW to the grid last year, mainly from 16 new solar plants and 4 wind power plants, built applying sustainability projects associated with each installation and developed from the design phase. by the local community. The new infrastructures launched by Endesa in 2022 have involved an … Continue reading Enel Green Power España has built 20 wind power and solar plants this year in Spain
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EDP and Cepsa sign an alliance to promote the Andalusian Green Hydrogen Valley
Cepsa and EDP have signed an agreement to work together in the production of green hydrogen on a large scale in the Algeciras Bay, in the Spanish region of Andalusia. Through this alliance, EDP – leader in renewable energies through its subsidiary EDP Renewables, the world’s fourth largest producer in this area – joins as … Continue reading EDP and Cepsa sign an alliance to promote the Andalusian Green Hydrogen Valley
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Biggest year ever for Women in Wind Global Leadership program
This year’s Women in Wind Global Leadership Program will offer the most mentee places ever – with applications now open for the 2023/24 scheme. Having started in 2019 with an initial group of eight mentees, this year the program will offer almost four times as many spots to women working in vital emerging wind markets … Continue reading Biggest year ever for Women in Wind Global Leadership program
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China invests $546 billion in wind and solar power, far outpacing the US.
China accounted for nearly half of global low-carbon spending in 2022, which could challenge US efforts to boost domestic clean energy manufacturing. China once again topped the world in clean energy investments last year, a trend that could challenge U.S. efforts to develop more homegrown manufacturing. Nearly half of the world’s low-carbon spending took place … Continue reading China invests $546 billion in wind and solar power, far outpacing the US.
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Iberdrola exceeds 7,500 direct jobs and 70,000 indirect jobs in the US.
The company is making investments in renewables and grids that will reach $21.5 billion by 2025, including the construction of Vineyard Wind 1 and the integration of PNM Resources. Regulatory stability and the commitment of the different administrations to decarbonisation have helped Iberdrola, Europe’s leading electricity company and one of the four largest in the … Continue reading Iberdrola exceeds 7,500 direct jobs and 70,000 indirect jobs in the US.
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OX2 to develop 1,400 MW offshore wind farm outside the coast of Finland
OX2 has initiated the development of the offshore wind farm Tyrsky in the Gulf of Bothnia in the Finnish economic zone. The project that is estimated to have a total installed capacity of 1,400 MW and will be included in OX2’s project development portfolio for the first quarter, 2023.OX2 received a research permit for the … Continue reading OX2 to develop 1,400 MW offshore wind farm outside the coast of Finland
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Naturgy obtains environmental green light for more than 1,300 MW
Among the projects that have received a favorable DIA, eight wind farms in Galicia stand out, as well as the largest installation that the company will build in Spain, located in Extremadura.The company continues with its strategy of developing a portfolio of renewable generation projects, which will add to the more than 5.4 GW of … Continue reading Naturgy obtains environmental green light for more than 1,300 MW
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Enel Green Power breaks new records in 2022 in solar and wind power around the world
In 2022, Enel Green Power built 5,223 MW of renewable capacity worldwide (including 387 MW of battery storage), an increase compared to 2021, thus reaching a total managed capacity of approximately 59 GW by the end of 2022.In 2022, Enel Green Power set three more global records in terms of projects under construction (around 7,200 … Continue reading Enel Green Power breaks new records in 2022 in solar and wind power around the world
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RWE and PPC to build solar projects with more than 200 megawatts in Greece
Two leading energy groups, RWE and PPC, have joined forces to help accelerate the Greek energy transition. Through their joint venture company Meton Energy S.A., RWE Renewables (51%) and PPC Renewables (49%) have taken the final investment decision for five photovoltaic projects. Thodoros Skylakakis, Greek Alternate Minister of Finance: “An important investment that will contribute … Continue reading RWE and PPC to build solar projects with more than 200 megawatts in Greece
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New solar and wind power facilities in Piauí this year will total 601 MW together
Piauí will have several new solar and wind power plants this year, increasing the state’s energy security, as well as generating jobs and income for the region’s inhabitants. The state has the largest companies in South America. The forecast of the National Electric Energy Agency (ANEEL) for this year, with the expansion of the generation … Continue reading New solar and wind power facilities in Piauí this year will total 601 MW together
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Enfinity Global and Statkraft sign long-term PPA for the commercialization of 191 GWh of clean electricity per year in Italy
The portfolio, consisting of three power plants located in the Viterbo province (Lazio region), is expected to become operational in the first half of 2024. It will produce 191 GWh of clean electricity per year, enough to power 71,000 homes and offset 76,500 tons of CO2 emissions, equivalent to the amount captured by 3,500 mature … Continue reading Enfinity Global and Statkraft sign long-term PPA for the commercialization of 191 GWh of clean electricity per year in Italy
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