ACCIONA, a global leader in sustainable infrastructure and renewable energy, has secured new sustainable financing worth €300 million to fund key projects aimed at reducing carbon emissions and fostering sustainable growth in the Gulf Cooperation Council area (GCC). The sustainable financing is structured as a green loan with local impact, aligned with ACCIONA’S Sustainable Impact … Continue reading Acciona secures €300 million in sustainable financing for projects in the Gulf Cooperation Council area
Continue readingMonthly Archives: October 2024
Tüv Nord certifies Mingyang’s 18 MW offshore wind turbine
Mingyang Smart Energy has contracted TUV Nord to certify its 18MW offshore wind turbine. At China Wind Power in Beijing, the partners (pictured) celebrated the signature of the contract for the type certification work on the MySE18.X-260. The certification, according to the internationally recognised standard IECRE OD501, covers the rotor-nacelle assembly. “With the new design, … Continue reading Tüv Nord certifies Mingyang’s 18 MW offshore wind turbine
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China has confirmed that covering a desert with photovoltaic panels changes the ecosystem. For the better
In China, researchers have just discovered that deserts can be the ideal environment for installing solar panels. Photovoltaic installations in arid areas not only generate large amounts of clean energy, they can also improve the local ecosystem. The study. A team of researchers from the Xi’an University of Technology has discovered that the development of … Continue reading China has confirmed that covering a desert with photovoltaic panels changes the ecosystem. For the better
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Liberia breaks ground on first utility-scale photovoltaic plant
Work has begun on a 20 MW photovoltaic plant in Liberia, on the site of an existing 88 MW hydropower station. The Liberian government says it is the first of several planned projects that will help to address the country’s power shortages, particularly in the dry season. The 20 MW facility is being built in … Continue reading Liberia breaks ground on first utility-scale photovoltaic plant
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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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Hydro-Québec announces new wind farm generating up to 1,000 MW in eastern Quebec
Hydro-Québec and L’Alliance de l’énergie de l’Est have their eyes set on the Lower St. Lawrence region for a new wind farm project that could generate up to 1,000 megawatts. The 50/50 partnership, resulting in a $3 billion investment in the region, was announced and signed Wednesday morning. It’s the second large-scale wind project announced by the … Continue reading Hydro-Québec announces new wind farm generating up to 1,000 MW in eastern Quebec
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Vestas receives order for wind turbines for US wind repowering projects
Vestas has received a 137 MW order for two wind repowering projects in the US as part of the company’s fourth quarter order intake. Exus Management Partners ordered the V120-2.2 MW wind turbine variants for its Highland North Repower and Highland Cambria Repower projects. The agreement also includes Vestas’ 20-year AOM 5000 service contract. Delivery … Continue reading Vestas receives order for wind turbines for US wind repowering projects
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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
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Geopolitical tensions are laying bare fragilities in the global energy system, reinforcing need for faster expansion of photovoltaic and wind energy
World Energy Outlook 2024 shows critical choices facing governments and consumers as period of more ample supplies nears and surging electricity demand reshapes energy security Regional conflicts and geopolitical strains are highlighting significant fragilities in today’s global energy system, making clear the need for stronger policies and greater investments to accelerate and expand the transition … Continue reading Geopolitical tensions are laying bare fragilities in the global energy system, reinforcing need for faster expansion of photovoltaic and wind energy
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Iberdrola completes the installation of the wind turbines for the Baltic Eagle offshore wind farm together with Masdar
Turbine installation has been successfully completed at the 476 MW Baltic Eagle offshore wind farm, a joint venture between Iberdrola, a world leading clean energy company, and Abu Dhabi Future Energy Company – Masdar, the UAE’S clean energy powerhouse. When fully operational, Baltic Eagle will supply around 475,000 households with renewable energy while reducing carbon … Continue reading Iberdrola completes the installation of the wind turbines for the Baltic Eagle offshore wind farm together with Masdar
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Biden-Harris Administration Announces Loan Guarantee of More Than $860 Million to Support Construction of Photovoltaic and Battery Storage Systems in Puerto Rico
As part of the Biden-Harris administration’s Investing in America agenda, the U.S. Department of Energy (DOE), through its Loan Programs Office (LPO), announced a $861.3 million loan guarantee to finance the construction of two solar photovoltaic (PV) farms equipped with battery storage and two standalone battery energy storage systems (BESS) in Puerto Rico. The facilities … Continue reading Biden-Harris Administration Announces Loan Guarantee of More Than $860 Million to Support Construction of Photovoltaic and Battery Storage Systems in Puerto Rico
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Agreement signed for the construction of a photovoltaic plant in Djibouti
The agreement for the project was signed yesterday by the Egyptian Minister of Electricity and Renewable Energy, Mahmoud Essmat, and the Minister of Energy and Natural Resources of Djibouti, Yonis Ali Guedi.Egypt will finance and build a 276,5 kilowatt photovoltaic power plant in Djibouti. The agreement for the project was signed yesterday by the Egyptian … Continue reading Agreement signed for the construction of a photovoltaic plant in Djibouti
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Cuba plans to install 1,000 megawatts of photovoltaic energy in a couple of years
Achieving the installed capacity proposed for 2031 “would place Cuba at an estimated 12% of photovoltaic penetration in the country’s energy generation.”In a period of two years, Cuba intends to install a thousand megawatts of photovoltaic energy through two projects that began in 2024. Currently, Prensa Latina indicates, there are 26 photovoltaic solar parks in … Continue reading Cuba plans to install 1,000 megawatts of photovoltaic energy in a couple of years
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The combined accumulated power of wind and photovoltaic energy grows by 12.7% in 2023 in Spain
Wind power, solar photovoltaic and concentrated solar power (CSP) sources reached a combined accumulated power of 59,106 megawatts (MW) in 2023, which represents an increase of 12.7% compared to the previous year, according to the DBK Sector Observatory of Informa, a subsidiary of Cesce.The study reflects that in 2023 the upward trend in installed renewable … Continue reading The combined accumulated power of wind and photovoltaic energy grows by 12.7% in 2023 in Spain
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Interenergy installs the largest wind turbines in Central America and the Caribbean in the Dominican Republic
In an important step towards boosting the renewable energy sector in the Dominican Republic, Grupo Eólico Dominicano (GEDOM), part of InterEnergy Group, in partnership with the Fondo Cerrado de Desarrollo de Sociedades Popular, managed by AFI Popular, a subsidiary of Grupo Popular, announces the start of operations of three wind turbines that mark the expansion … Continue reading Interenergy installs the largest wind turbines in Central America and the Caribbean in the Dominican Republic
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KEPCO signs transmission deals for two floating wind power projects off South Korea (2.2 GW)
Two floating offshore wind projects to be developed in South Korea and totalling 2,250 MW have secured a transmission service agreement (TSA) with Korea Electric Power Corporation (KEPCO). The Swedish renewable company Hexicon AB has signed a TSA with KEPCO for its 1,125 MW MunmuBaram floating offshore wind project, while developers Mainstream Renewable Power and Ocean Winds have … Continue reading KEPCO signs transmission deals for two floating wind power projects off South Korea (2.2 GW)
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The 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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TotalEnergies joins RWE in two offshore wind power projects in Germany
TotalEnergies has signed an agreement with RWE to acquire a 50% stake in two offshore wind projects in the North Sea. These two projects, N-9.1 (2 GW) and N-9.2 (2 GW), located 110 km off the German coast, were awarded to RWE in August 2024 and have 25-year licenses extendable to 35 years. This acquisition … Continue reading TotalEnergies joins RWE in two offshore wind power projects in Germany
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Celsia will put into operation the first battery system connected to a photovoltaic plant
In the next few weeks, the first photovoltaic energy storage system in Colombia with lithium, iron and phosphate batteries will begin to operate. It will be located at the Celsia Solar Palmira 2 plant.This storage system will allow for clean and renewable energy at night, when due to the absence of sunlight, plants of this … Continue reading Celsia will put into operation the first battery system connected to a photovoltaic plant
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TOYO Co. announces plans for a 2 GW photovoltaic cell manufacturing plant in Ethiopia
TOYO Co., Ltd plans to establish a 2 gigawatt photovoltaic cell manufacturing plant in Ethiopia, leveraging favorable investment policies and the country’s hydropower supply. TOYO specialized in solar solutions, has announced its intention to create a solar cell manufacturing facility with an annual capacity of 2 gigawatts (GW) in Ethiopia. This strategic investment responds to … Continue reading TOYO Co. announces plans for a 2 GW photovoltaic cell manufacturing plant in Ethiopia
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