Long-term cooperation is envisaged for the joint development of the renewable energy sector, including the supply of wind turbines and other areas of decarbonization, including BESS and green hydrogen.The agreement includes the supply of 588 MW of 3.3 MW wind turbines over the next 1.5 yearsEnvision Energy, a global leader in renewable energy solutions, and … Continue reading Wind power company Envision signs a framework agreement for the supply of wind turbines with Hero Future Energies
Continue readingMonthly Archives: April 2024
Tripling renewable power by 2030: The role of the G7 in turning targets into action
The 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) in the United Arab Emirates called upon countries to achieve a tripling of installed renewable power generation capacity by 2030 in order to keep the world on a pathway compatible with the 1.5°C climate goal. Despite the addition of … Continue reading Tripling renewable power by 2030: The role of the G7 in turning targets into action
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Iberdrola supplies 900 GWh of photovoltaics to Salzgitter in Germany
Iberdrola Deutschland and Salzgitter Flachstahl GmbH have concluded a further power purchase agreement (PPA) for 15 years. From 2025, Iberdrola Deutschland will supply Salzgitter Flachstahl GmbH with around 60 gigawatt hours (GWh) of green electricity per year. The solar power will come from Iberdrola’s second large-scale PV plant in Germany, which will be built in … Continue reading Iberdrola supplies 900 GWh of photovoltaics to Salzgitter in Germany
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Photovoltaic energy reaches all time highs in the Iberian Peninsula
European electricity market prices continue to recover, while photovoltaic energy reaches all time highs in the Iberian Peninsula. In the fourth week of April, prices continued to recover in the main European electricity markets. Even so, most markets registered negative prices for a few hours, especially on Sunday, April 28. In the MIBEL market, weekly … Continue reading Photovoltaic energy reaches all time highs in the Iberian Peninsula
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Wind generation declined in 2023 for the first time since the 1990s
Wind power generation declined in 2023 for the first time since the 1990s Data source: U.S. Energy Information Administration, Electric Power Monthly U.S. electricity generation from wind turbines decreased for the first time since the mid-1990s in 2023 despite the addition of 6.2 gigawatts (GW) of new wind capacity last year. Data from our Power … Continue reading Wind generation declined in 2023 for the first time since the 1990s
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China will build photovoltaic solar power plant in Nicaragua
The Chinese state-owned company China Communications Construction Company Limited (CCCC) will build a photovoltaic solar power plant with a capacity of 67.3 megawatts in Nicaragua, the government of the Central American country announced on Monday. The solar energy project will be implemented with an 80 million dollar Chinese credit, said Vice President Rosario Murillo to … Continue reading China will build photovoltaic solar power plant in Nicaragua
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Matrix Renewables signs renewable power purchase agreement (PPA) with Hyundai Motor Group for solar photovoltaic project in Texas
Matrix Renewables, the global renewable energy platform backed by TPG, has announced the signing of a renewable power purchase agreement (“PPA”) with affiliates of Hyundai Motor Group for 147 MWac of its Stillhouse Solar project, with 284 total MW of solar photovoltaic energy, which is located in Bell County, Texas (USA). The Stillhouse Solar project … Continue reading Matrix Renewables signs renewable power purchase agreement (PPA) with Hyundai Motor Group for solar photovoltaic project in Texas
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YPF Luz and Cementos Avellaneda begin the construction of a wind energy plant in Olavarría
The Cementos Avellaneda Wind Farm will have an installed capacity of 63 MW. One part will self-supply 47% of the electrical energy of the Cementos Avellaneda plant and another will be sold in the MATER by YPF Luz.The wind power plant will have an installed power of up to 63 MW and will be located … Continue reading YPF Luz and Cementos Avellaneda begin the construction of a wind energy plant in Olavarría
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Ørsted will sell its wind power and photovoltaic business in France
Ørsted and ENGIE have signed a share purchase agreement under which ENGIE will acquire OSTWIND International S.A.S., OSTWIND Engineering S.A., and their subsidiaries (jointly Ostwind France), Ørsted’s onshore wind and solar business in France. The transaction is expected to close in Q2 of 2024. Kieran White, Senior Vice President and Head of Onshore in Region … Continue reading Ørsted will sell its wind power and photovoltaic business in France
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US residential photovoltaic: cloudy skies will lead to a market reset in 2024
The passage of the Inflation Reduction Act (IRA) in 2022 heralded long-term growth for the segment, increasing and extending the investment tax credit (ITC). However, the tangible benefits of this legislation are taking longer than expected to materialise. At the end of 2022, high interest rates started to afflict the industry. Throughout 2023, the residential … Continue reading US residential photovoltaic: cloudy skies will lead to a market reset in 2024
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RWE starts construction of its first photovoltaic plant in Italy
RWE has started the construction of its first solar plant in Italy. Bosco, an 8.3 megawatt (MWac) ground-mounted solar plant, will be installed in Partinico Municipality near Palermo, Sicily. On a 16-hectare site, around 15,000 bifacial modules1 will have the capacity to generate enough green electricity to supply the equivalent of 7,000 Italian homes. Commissioning … Continue reading RWE starts construction of its first photovoltaic plant in Italy
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ADB, partners support construction of solar photovoltaic plant in Kiribati
Kiribati Minister of Infrastructure and Sustainable Energy Willie Tokataake led the groundbreaking ceremony and ADB Senior Country Coordination Officer in Kiribati Teatao Tira represented the bank at the event. The Asian Development Bank (ADB) joined the Government of Kiribati and other development partners in a groundbreaking ceremony today to officially mark the first step toward … Continue reading ADB, partners support construction of solar photovoltaic plant in Kiribati
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A strategy to boost the efficiency of perovskite/organic photovoltaic cells
In recent years, researchers have been experimenting with a wide range of solar cell designs in the hope of facilitating their widespread deployment. Organic solar cells based on perovskite materials have been found to exhibit various advantages over conventional solar cell designs based on conventional silicon, including lower costs of fabrication, greater flexibility and tunability. … Continue reading A strategy to boost the efficiency of perovskite/organic photovoltaic cells
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Wind energy and recycling, making concrete by recycling wind turbine blades
Spain faces the challenge of what to do with waste from wind farms that have already reached the end of their useful life. The removal of wind turbines causes a large amount of waste that, furthermore, is of very different natures. For two years, a research group from the University of Burgos (UBU) has been … Continue reading Wind energy and recycling, making concrete by recycling wind turbine blades
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China drives down cost of photovoltaic (PV) solar power development
China’s large-scale development of solar power, coupled with continuous innovation and a complete industrial chain, is driving down production costs and making new energy products more affordable worldwide, experts said. This shift benefits the global community, whose current solar capacity still falls short of demand to achieve decarbonization goals. Developing nations, particularly, need more advanced … Continue reading China drives down cost of photovoltaic (PV) solar power development
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2023 Top Photovoltaic Storage Manufacturers in China
The energy storage sector reached new heights in 2023, as showcased at the annual Energy Storage Carnival and the release of the Global Energy Storage Shipment Rankings for Chinese Enterprises by the Electric Energy Storage Alliance (EESA). EESA Chairman, Du Xiaotian, delivered a comprehensive summary of the global and Chinese energy storage industry’s developments in … Continue reading 2023 Top Photovoltaic Storage Manufacturers in China
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SkyPower signs PPA for 1 GW of photovoltaic in Zambia
SkyPower Global has signed a power purchase agreement (PPA) with Zambia’s state-owned utility, ZESCO Ltd, to deliver 1,000 MW of photovoltaic power. The PPA will support the Green Giant Zambia project, which is expected to supply electricity to around 4 million homes, boost job creation and add more renewable energy to Zambia’s copper mining-based economy. … Continue reading SkyPower signs PPA for 1 GW of photovoltaic in Zambia
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Vattenfall and BASF sign purchase agreement for 49 percent of Germany’s Nordlicht offshore wind farms
Vattenfall and BASF have agreed the sale of 49 percent of Vattenfall’s Nordlicht 1 and 2 wind farms to BASF. The two companies are thus deepening their partnership in the field of renewable energy. Nordlicht is already Vattenfall’s second major offshore wind project in which BASF is participating as a partner. In 2021, BASF acquired … Continue reading Vattenfall and BASF sign purchase agreement for 49 percent of Germany’s Nordlicht offshore wind farms
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The cost of putting photovoltaic panels into operation falls by more than 80%
The average capital costs of building photovoltaic power plants have fallen by more than 80% over the last decade, according to data from the International Renewable Energy Agency (IRENA). The global average cost of operating 1 kilowatt (kW) of photovoltaic panels has fallen from $5,124 in 2010 to $876 in 2022 (all values ??are in … Continue reading The cost of putting photovoltaic panels into operation falls by more than 80%
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Chinese company to build photovoltaic factory in Saudi Arabia
A Chinese solar energy infrastructure company has signed an agreement with the Saudi Authority for Industrial Cities and Technology Zones (MODON) to build a photovoltaic production facility in Jeddah, the kingdom’s largest port city. In a statement released on Thursday, Arctech Solar Holding Co. Ltd said the new factory will span roughly 97,000 square meters … Continue reading Chinese company to build photovoltaic factory in Saudi Arabia
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