Up to 20% of renewable electricity production is expected to be curtailed by 2030 in Greece if no new investments are made in energy storage. Greece is faced with ever-increasing curtailments of renewable energy production. Based on expectations from the revised National Energy and Climate Plan (NECP), an attempt will be made to deal with … Continue reading Curtailment, Greece needs 7 GW of energy storage by 2030 to avoid photovoltaic cuts
Continue readingMonthly Archives: July 2024
Morocco begins the construction process of Africa’s first offshore wind power plant
Morocco is looking for a consultant to carry out a feasibility study on an offshore wind energy project that could be the first in Africa. The Moroccan Agency for Sustainable Energy (Masen) and the European Investment Bank (EIB) launched a tender for technical assistance for the study. The preferred site is on the Atlantic Ocean … Continue reading Morocco begins the construction process of Africa’s first offshore wind power plant
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Photovoltaic solar power plant to be built in Negros Oriental, Philippines
A Chinese solar energy company has joined the Philippine government’s efforts to increase renewable energy supply capacity by building a photovoltaic (PV) project in Bacolod City, Negros Oriental. China Energy Engineering Group Shanxi Electric Power Engineering Co., Ltd. held a groundbreaking and mobilization ceremony for the 65 megawatt (MW) Areco solar photovoltaic power plant project … Continue reading Photovoltaic solar power plant to be built in Negros Oriental, Philippines
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Saipem sees business opportunities in green ammonia and offshore wind power
Saipem, an energy company traditionally focused on oil and gas contracts, sees business opportunities in low-carbon areas such as green ammonia and offshore wind. Speaking to the press following the publication of its first half results yesterday, CEO Alessandro Puliti stated that the group had recently been awarded a €250 million project for the construction … Continue reading Saipem sees business opportunities in green ammonia and offshore wind power
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Global photovoltaic (PV) tracker shipments grew by 28% in 2023 to 92 GWdc
The US region saw 10% YoY increase to more than 37 GWdc of shipments in 2023. Global PV tracker shipments grew by 28% in 2023 to 92 gigawatts direct current (GWdc), reflecting a strong year for utility-scale solar in most regions across the world. The top ten vendors accounted for 90% of the global market … Continue reading Global photovoltaic (PV) tracker shipments grew by 28% in 2023 to 92 GWdc
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DOE Announces $33 Million to Deploy Solar Technologies to Decarbonize America’s Industrial Sector
Nine Projects Across Seven States Will Support Solar-Powered Production of Hydrogen and Lower Emissions from the Aviation, Food and Beverage, and Other Sectors. In support of the Biden-Harris Administration’s Investing in America agenda , the U.S. Department of Energy (DOE) today announced $33 million for nine projects across seven states to advance concentrating solar-thermal (CST) … Continue reading DOE Announces $33 Million to Deploy Solar Technologies to Decarbonize America’s Industrial Sector
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Endesa signs an agreement with Masdar for the management of its photovoltaic plants in Spain
The alliance means that Masdar will acquire a minority stake (49.99% of the share capital) of EGPE Solar, a company that brings together Endesa’s photovoltaic plants in operation in Spain, for 817 million euros. Endesa informs the market that, through its wholly owned company Enel Green Power España, it has signed an agreement with Masdar, … Continue reading Endesa signs an agreement with Masdar for the management of its photovoltaic plants in Spain
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UK solar photovoltaic (PV) capacity reaches 16.9 GW
The UK has 16.9 GW of solar photovoltaic capacity from almost 1.6 million installations, an increase of 8.5% on the previous year. The government has released new figures on solar photovoltaic (PV) installations in the UK. As of the end of June 2024, the UK has a total of 16.9GW of solar capacity across 1,595,916 … Continue reading UK solar photovoltaic (PV) capacity reaches 16.9 GW
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China installs 102.48 GW of new photovoltaic power in the first half of 2024
China added 102.48GW of new PV installations between January and June 2024, according to the latest data from China’s National Energy Administration. Notably, the second quarter saw a significant increase, with an average of over 17GW of new installations per month. On July 20, the National Energy Administration released the statistics on the national power … Continue reading China installs 102.48 GW of new photovoltaic power in the first half of 2024
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Iberdrola: Record investments of €5.28 Bn (+16%) and strong operational performance drive H1 reported net profit of €4.13 Bn
Record renewables production and robust performance in our networks business has helped to deliver a strong set of results for the first half of 2024. We have also invested more than ever before in the first 6 months which will drive benefits in the second half of the year, in terms of new renewables capacity … Continue reading Iberdrola: Record investments of €5.28 Bn (+16%) and strong operational performance drive H1 reported net profit of €4.13 Bn
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Naturgy consolidates record results and improves expectations for 2024
Naturgy has managed to consolidate in the first half of 2024 the record results obtained last year, now in a more competitive scenario marked by a sharp global decline in energy prices. The Group recorded an EBITDA of 2,846 million euros and a net income of 1,043 million euros, both at the same level as … Continue reading Naturgy consolidates record results and improves expectations for 2024
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TotalEnergies and RWE join forces to implement OranjeWind offshore wind power for Dutch energy system of the future
Synergies leveraged to realise OranjeWind offshore wind farm with an installed capacity of 795 megawatts as first system integration project on Dutch market. Each partner has 50% stake in OranjeWind offshore wind farm, for which final investment decision has been taken. Partners are committed to delivering their allocated part of flexible system integration solutions, including … Continue reading TotalEnergies and RWE join forces to implement OranjeWind offshore wind power for Dutch energy system of the future
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Four photovoltaic plants, owned by The Renewables Infrastructure Group (TRIG) and operated by Statkraft in Cádiz, receive the UNEF Seal of Excellence in Sustainability
The Malabrigo, Arenosas, La Guita and El Yarte photovoltaic plants, owned by TRIG and developed, built and operated by Statkraft in the province of Cádiz, become the forty-first project to obtain the UNEF Seal of Excellence for Sustainability which recognizes ground-based solar energy plants carried out with the highest criteria of social and environmental integration, … Continue reading Four photovoltaic plants, owned by The Renewables Infrastructure Group (TRIG) and operated by Statkraft in Cádiz, receive the UNEF Seal of Excellence in Sustainability
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Biden to Kamala Harris switch holds out hope of continuity for US wind power
Wind energy switches gears from grappling with the uncertainties of a second Trump term to possibility of continued momentum under progressive vice president. Most analysts agree that the calculation for US renewable energy, and not least offshore wind, in the upcoming election is simple: a Democratic presidency would benefit the sector, while a Republican, particularly … Continue reading Biden to Kamala Harris switch holds out hope of continuity for US wind power
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European market prices continue their upward trend in summer while photovoltaic energy registered records in Portugal and France
In the third week of July, prices in most major European electricity markets continued to rise compared to the previous week. However, the drop in prices over the weekend meant that weekly price increases did not exceed 10%. Portugal broke the historical record for photovoltaic energy production again on July 16, while on July 18, … Continue reading European market prices continue their upward trend in summer while photovoltaic energy registered records in Portugal and France
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Combined photovoltaic and wind energy will cover up to three-quarters of the increase in the coming years
Growth in demand in 2024 and 2025 is forecast to be among the highest levels in the past two decades, new IEA report finds, with solar PV alone expected to meet half of the increase The world’s demand for electricity is rising at its fastest rate in years, driven by robust economic growth, intense heatwaves … Continue reading Combined photovoltaic and wind energy will cover up to three-quarters of the increase in the coming years
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NREL researchers highlight opportunities for manufacturing perovskite photovoltaic panels
Researchers working at the forefront of an emerging photovoltaic (PV) technology are thinking ahead about how to scale, deploy, and design future solar panels to be easily recyclable. Solar panels made of perovskites may eventually play an important role amid global decarbonization efforts to reduce greenhouse gas emissions. As the technology emerges from the testing … Continue reading NREL researchers highlight opportunities for manufacturing perovskite photovoltaic panels
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Vestas wins 136 MW wind power repowering order in US
Vestas has received an order for 136 MW to repower an undisclosed wind farm in the United States. The order consists of 62 V120-2.2 MW™ wind turbines. The order includes the supply, delivery and commissioning of the wind turbines, as well as a multi-year operational support agreement, designed to ensure optimized performance of the asset. … Continue reading Vestas wins 136 MW wind power repowering order in US
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Infinity Power to develop 1 GW photovoltaic, wind energy, hydro, battery storage in Sierra Leone by 2033
Infinity Power, a joint venture between Netherlands-headquartered Infinity Group and UAE-based Masdar, announced on Monday that it has signed a Memorandum of Understanding (MOU) with Sierra Leone to develop 1-gigawatt (GW) of renewable energy capacity in the West African country in phases by 2033. Infinity Power said in a statement that it will collaborate closely … Continue reading Infinity Power to develop 1 GW photovoltaic, wind energy, hydro, battery storage in Sierra Leone by 2033
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Re-elected EU Commission President commits to clean industrial deal
‘The future of our prosperity must be made in Europe’ – WindEurope welcomes EU Commission President Ursula von der Leyen’s commitment to home-grown renewables as part of the agenda for her second mandate. It’s great she’s announced a new Clean Industrial Deal. Europe’s energy intensive industries want to decarbonise. And they want to do it … Continue reading Re-elected EU Commission President commits to clean industrial deal
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