EIB Vice-President Gelsomina Vigliotti said: “The EIB remains a key partner for Italy in the renewable energy sector. The EIB plays a crucial role in attracting foreign investors to the country with the aim of promoting environmental sustainability, social cohesion and economic growth.” Alessandra Ricci, SACE CEO, declared: “We are proud to partner with EIB … Continue reading EIB signs €100 million green loan with Iberdrola backed by SACE for new photovoltaic plant in Sicily
Continue readingMonthly Archives: December 2024
NATO determined to protect critical undersea energy infrastructure
Europe wants to build lots more renewables to strengthen its energy security and industrial competitiveness. The geopolitical situation poses new questions around the security of these assets. At its Annual Roundtable on Energy Security NATO confirmed its determination to protect critical energy infrastructure. The war in Ukraine has radically changed the threat landscape across Europe, … Continue reading NATO determined to protect critical undersea energy infrastructure
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Renewable energies generate 56% of the Spanish electricity mix in 2024
Their production rises by almost 11% in a record year, twice over: it records the highest renewable production and its highest share since records began. Solar photovoltaics overtakes the combined cycle and is in third place in the mix for the first time in a year once again led by wind power, with 23%. Forecasts … Continue reading Renewable energies generate 56% of the Spanish electricity mix in 2024
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Inflation Reduction Act Delivers Massive Economic Boost and 4X Return on Investment
A new independent study reveals that the Inflation Reduction Act (IRA) will deliver substantial economic benefits for the United States, notably growing the economy by $1.9 trillion over the next ten years. The benefits extend across the energy sector, positively impacting renewable resources, oil, gas, hydrogen, nuclear energy, and battery storage systems as well as … Continue reading Inflation Reduction Act Delivers Massive Economic Boost and 4X Return on Investment
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Vestas secures 224 MW order for two wind power projects in Sweden with 35 wind turbines
Vestas has received a 224 MW order from Vinliden Vindkraft AB for the 70 MW Vinliden and 154 MW Fjällberg projects in Sweden. The projects are a joint venture of funds managed by Prime Capital AG and Polhem Infra, a leading investor in renewable energy and infrastructure in the Nordic countries. Sweden is a leader … Continue reading Vestas secures 224 MW order for two wind power projects in Sweden with 35 wind turbines
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LRE begins commercial operations of the 200 MW Morrow Lake Solar photovoltaic (PV) power plant in Texas
LRE (Leeward Renewable Energy) today announced the completion and commercial operation of its 200-megawatt (MW) Morrow Lake Solar project. Located in Frio County, Texas, the project will provide Microsoft Corp. (“Microsoft”) renewable energy under a previously announced long-term power purchase agreement. Morrow Lake Solar is the first of two solar facilities developed under the agreement … Continue reading LRE begins commercial operations of the 200 MW Morrow Lake Solar photovoltaic (PV) power plant in Texas
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Spain increases greenhouse gas emissions by 1%
Greenhouse gas emissions rose by 1% in Spain this year compared to 2023 and were at the third lowest point in the historical series, which begins in 1990. This is set out in a report prepared by the Sustainability Observatory (OS) and prepared by the economist and climate change expert José Santamarta, as lead author, … Continue reading Spain increases greenhouse gas emissions by 1%
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Acciona Energía installs a battery storage system at the Extremadura I-II-III Photovoltaic Plant
ACCIONA Energía has started the installation of a battery energy storage system (BESS) using recycled batteries from electric vehicles at its Extremadura I-II-III photovoltaic plant in Almendralejo (Badajoz). The plant was built to support a Power Purchase Agreement with the global pharmaceutical group Novartis AG. The facility features two containers with a combined capacity of … Continue reading Acciona Energía installs a battery storage system at the Extremadura I-II-III Photovoltaic Plant
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RWE reaches 10 gigawatts in wind power and photovoltaic in the US
RWE, a leading global energy company, has reached a significant growth milestone in the U.S. after hitting 10 gigawatts (GW) of installed generation capacity of onshore wind, solar and energy storage facilities in operation from coast to coast. The company owns and operates a diverse portfolio of more than 170 facilities in 24 U.S. states, … Continue reading RWE reaches 10 gigawatts in wind power and photovoltaic in the US
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Vestas secures 217 MW order for onshore wind and 35 wind turbines in the UK
Vestas has secured a 217 MW order from SSE Generation Limited for the Strathy South wind energy project in Scotland, UK. Vestas will deliver 35 V162-6.2 MW wind turbines and the order includes supply, delivery, installation and commissioning of the turbines. This order marks the first deployment of V162-6.2 MW turbines in the UK. Upon … Continue reading Vestas secures 217 MW order for onshore wind and 35 wind turbines in the UK
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India to mandate energy storage for photovoltaic, wind power projects
India’s Ministry of New and Renewable Energy (MNRE) may soon introduce new policies which will mandate the inclusion of battery storage in new solar and wind projects. Speaking at the 21st edition of the Global MSME Business Summit organized by the Confederation of Indian Industry (CII), MNRE Secretary Prashant Kumar Singh said that the government is … Continue reading India to mandate energy storage for photovoltaic, wind power projects
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Wind power alerts about the insufficient pace of installation to meet 2030 objectives in Spain
The Wind Energy Association (AEE) presents once again the results of the Macroeconomic Study of the Impact of the Wind Sector in Spain, prepared in collaboration with Deloitte. This report underlines the key role of wind energy as an economic driver and highlights the indicators that characterise wind power as a backbone technology for the … Continue reading Wind power alerts about the insufficient pace of installation to meet 2030 objectives in Spain
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RWE and TotalEnergies select Den Helder as operations and maintenance base for OranjeWind offshore wind project
RWE and TotalEnergies have selected the port of Den Helder in the Dutch province of North Holland as the home base for OranjeWind, their joint offshore wind project in the North Sea. Blue Port Centre, the former fish auction building, will serve as the onshore hub for the operation and maintenance teams of the wind … Continue reading RWE and TotalEnergies select Den Helder as operations and maintenance base for OranjeWind offshore wind project
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EU adds 66 GW of solar photovoltaic (PV) in 2024
Solar PV additions in the European Union are forecast to reach 65.5GW in 2024, according to trade association SolarPower Europe’s (SPE) latest report. After years of rapid growth with double-digit increases from previous years, Europe is facing a 92% slowdown in solar growth compared with the growth between 2021 and 2023. Last year was marked … Continue reading EU adds 66 GW of solar photovoltaic (PV) in 2024
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Bahrain eyes 20% reliance on photovoltaic solar power
One of the key incentives introduced to encourage wider adoption was a financial reward for surplus electricity generated by private photovoltaic systems Bahrain has set an ambitious target of 20 per cent reliance on photovoltaic solar power by 2035, a top minister has said. Electricity and Water Affairs Minister Yasser Humaidan, in a written reply … Continue reading Bahrain eyes 20% reliance on photovoltaic solar power
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Six highlights of the global energy transition in 2024
Solar photovoltaic and batteries are the big players in the energy transition in 2024, helping renewables knock fossil fuels – especially coal – off their pedestal in many countries and regions. 2024 was the year of solar and batteries – and this double act is set to reshape global energy systems. Solar superpowers are emerging … Continue reading Six highlights of the global energy transition in 2024
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Why offshore wind power is critical for America
Rob Langford, Vice President of Global Offshore Renewables at the American Bureau of Shipping (ABS), discusses the growth opportunities for the United States as the nation generates power from offshore wind for the first time. He explains how greater industry collaboration, the upskilling of energy workers, and the repurposing of legacy assets can lower the … Continue reading Why offshore wind power is critical for America
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Photovoltaic and wind energy in the first week of December
December starts with the highest prices of the year for TTF gas and some European electricity markets. In the first week of December, weekly prices in most major European electricity markets continued to exceed €100/MWh. During weekdays, prices were higher than in the previous week, with France, Italy and Belgium reaching their highest values of … Continue reading Photovoltaic and wind energy in the first week of December
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Law in approval endangers the future development of wind power and hydroelectric in Galicia
The associations signing this statement express our disagreement with the measures proposed by the Xunta de Galicia, as they immediately affect the regional renewable sector and in the medium term the entire electricity sector. Measures such as those proposed will inevitably result in an increase in uncertainty and litigation in the sector and, ultimately, a … Continue reading Law in approval endangers the future development of wind power and hydroelectric in Galicia
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Oda Solar Photovoltaic Power Project Inaugurated in Oromia, Ethiopia
The Oda Photovoltaic Power Project, a 370 kilowatt solar power facility built at a cost of 195 million birr, was officially inaugurated in Medewelabu Woreda, East Borena Zone, Oromia Regional State. In his inaugural address, the State Minister for Water and Energy, Dr. Sultan Wali, highlighted that the project will provide electricity to approximately 15,000 … Continue reading Oda Solar Photovoltaic Power Project Inaugurated in Oromia, Ethiopia
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