The Romanian Energy Ministry has signed contracts to distribute close to EUR 70 million (USD 76.3m) in grant funding that will support the construction of a 1.5-GW solar panel manufacturing plant and five large-scale battery storage system (BESS) projects. The subsidies will be allocated under the country’s National Recovery and Resilience Plan (NRRP), Minister of … Continue reading Romania grants 70 million euros for the production of photovoltaic solar energy
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Vestas – Interim Financial Report, Third Quarter 2024
Summary: Quarterly revenue of EUR 5.2bn with an EBIT margin before special items of 4.5 percent. Order intake of 4.4 GW and combined order backlog of EUR 63.4bn. Revenue and EBIT margin guidance maintained with adjustments to Service EBIT and total investments. Lower end of the guidance range now more likely for the Group EBIT … Continue reading Vestas – Interim Financial Report, Third Quarter 2024
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Acciona Energía expands its wind portfolio in the US with two new wind farms (300 MW)
The Green Pastures I and II wind farms are located in Texas and will generate approximately 1.1 TWh of renewable energy per year. SEYMUR (TEXAS), NOVEMBER 5, 2024. ACCIONA Energía has announced today the expansion of its portfolio in the United States with the acquisition of two new wind farms: Green Pastures I (150 MW) … Continue reading Acciona Energía expands its wind portfolio in the US with two new wind farms (300 MW)
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Who is behind the backlash against offshore wind in the US?
Offshore wind turbines are helping to drive the transition to clean energy, but from Donald Trump to local activists, accusations against wind turbines that they “kill whales” are the order of the day. Wind farms have been met with resistance but who’s behind the protests? When former US President Donald Trump spoke at a New … Continue reading Who is behind the backlash against offshore wind in the US?
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East China county committed to develop comprehensive green energy industry
A worker checks equipment at a workshop of a wind power equipment company in Rudong County of Nantong City, east China’s Jiangsu Province, Nov. 2, 2024. In recent years, the coastal county of Rudong has developed a comprehensive green energy industry that integrates resource development, equipment manufacturing, and full utilization. The county has established offshore … Continue reading East China county committed to develop comprehensive green energy industry
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Avangrid completes installation of 105,000 solar modules at its first photovoltaic plant in California
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that it has installed the final solar modules at its Camino Solar project in California. The Company installed about 105,000 modules over the past four months. “This is great progress for our first solar energy project in California, … Continue reading Avangrid completes installation of 105,000 solar modules at its first photovoltaic plant in California
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Chinese photovoltaic firms go where US tariffs don’t reach
Some of the biggest Chinese-owned photovoltaic solar factories in Vietnam are cutting production and laying off workers, spurred on by the expansion of U.S. trade tariffs targeting it and three other Southeast Asian countries. Meanwhile, in nearby Indonesia and Laos, a slew of new Chinese-owned solar plants are popping up, out of the reach of … Continue reading Chinese photovoltaic firms go where US tariffs don’t reach
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Pakistan’s photovoltaic (PV) boom gains momentum amid rising electricity costs
Pakistan is undergoing a rapid energy shift resulting in photovoltaic energy adoption among different consumer classes. The Great Solar Rush in Pakistan by Renewables First explores this shift, highlighting Pakistan’s growing prominence in the renewable energy landscape of developing nations. Pakistan imported around 15 GW (worth $2.1 billion) of solar panels from China over the … Continue reading Pakistan’s photovoltaic (PV) boom gains momentum amid rising electricity costs
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ADB to finance wind potential assessment in Turkmenistan
The Asian Development Bank (ADB) is set to finance a comprehensive assessment of wind energy potential in Turkmenistan, aiming to advance the country’s renewable energy development, Trend reports via ADB. According to the information, the project will focus on identifying viable wind sites, assessing their feasibility, and providing the government with the tools and knowledge … Continue reading ADB to finance wind potential assessment in Turkmenistan
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Utility-scale photovoltaic additions hit 46.8 GW since start of 2023
Wiki-Solar says the world’s top solar developers have added nearly 50 GW of new photovoltaic capacity since early 2023, raising their cumulative capacity to 146.7 GW – more than one-fifth of the global total. The world’s top 27 utility-scale PV developers installed 48.6 GW of new solar capacity between the start of 2023 and the … Continue reading Utility-scale photovoltaic additions hit 46.8 GW since start of 2023
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Avangrid (Iberdrola) Secures Two Lease Areas in Gulf of Maine Floating Wind Auction
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced it has secured two lease areas in the auction of sites for offshore wind development in the Gulf of Maine held by the federal Bureau of Ocean Energy Management (BOEM). Avangrid was named provisional winner of lease areas … Continue reading Avangrid (Iberdrola) Secures Two Lease Areas in Gulf of Maine Floating Wind Auction
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Iberdrola and Norges Bank Investment Management close the first 50 MW of photovoltaic power in their 2,500 MW alliance portfolio
Iberdrola and Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, has incorporated the first 50 MW (megawatts) of solar PV to their €2 billion renewable energy investment alliance.The Peñarrubia solar PV plant is located Murcia, with a total capacity of 50 MW. This new plant reinforces the strategic alliance of more than €2 … Continue reading Iberdrola and Norges Bank Investment Management close the first 50 MW of photovoltaic power in their 2,500 MW alliance portfolio
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At the end of September, 28,665 MW of photovoltaic energy were in service in Spain
Photovoltaic energy installed 888 MW in the Spanish electricity system in Q3. At the end of September, 28,665 MW of photovoltaic energy were in service in Spain, according to provisional data from REE. This represents an increase of 3.2% compared to the previous quarter, and solar energy led renewable growth. Renewable energy reached 80,885 MW … Continue reading At the end of September, 28,665 MW of photovoltaic energy were in service in Spain
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Top photovoltaic module suppliers in Q3 2024
JinkoSolar, JA Solar and Trina Solar have achieved a total shipment of about 180GW in the first three quarters of 2024 amidst bleak industry situation, according to the latest data provided by Solarbe. In the third quarter of 2024, the photovoltaic industry chain continues to experience a certain structural supply-demand imbalance, with severe competition leading … Continue reading Top photovoltaic module suppliers in Q3 2024
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Saitec Offshore Technologies’ floating wind turbine prototype turns one year old
It has been more than a year since Saitec Offshore Technologies launched its floating wind turbine prototype (DemoSATH) at the BIMEP testing center on the coast of Bizkaia. And nearly two and a half years since I had the opportunity to visit it at the port of Bilbao, which we covered in edition #12 of … Continue reading Saitec Offshore Technologies’ floating wind turbine prototype turns one year old
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RWE and Rivian sign 15-year power purchase agreement for clean electricity supply from 127-megawatt Champion Wind Farm in Texas
RWE, the third largest renewable energy company in the U.S., today announced it signed a long-term power purchase agreement (PPA) with electric vehicle manufacturer Rivian for the electricity from an upgraded RWE wind project in West Texas. The PPA underlines RWE’s ability to support the demand for clean electricity from manufacturing, technology and other energy-intensive … Continue reading RWE and Rivian sign 15-year power purchase agreement for clean electricity supply from 127-megawatt Champion Wind Farm in Texas
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Romania advancing its plans for more wind energy
After 10 years of slow growth, Romania wants to boost its wind energy again. Energy Minister Sebastian Burduja summarised their plans at the Power Shift Summit in Bucharest on 29 October: onshore wind CfD auctions starting now; grid expansion underway with the support of EU funds; and the first offshore wind in the Black Sea … Continue reading Romania advancing its plans for more wind energy
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Green hydrogen auctions: A guide to design
Based on lessons learned from renewable power auctions, this report represents a guide for policymakers concerned with the design of auctions for green hydrogen deployment. The benefits of green hydrogen go beyond reducing greenhouse gas emissions. Green hydrogen can enable green industrialisation, energy independence, increased participation in global trade and markets, and job creation. Driven … Continue reading Green hydrogen auctions: A guide to design
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Permits in place for RWE to kick off offshore construction for Denmark’s largest offshore wind farm in spring
Danish Energy Agency grants RWE offshore construction permit for 1.1 GW Thor offshore wind farm. Offshore work will begin – as planned – in spring 2025; full commissioning expected in 2027. Enough wind power electricity to supply the equivalent of more than one million Danish households. The Danish Energy Agency has granted RWE the offshore … Continue reading Permits in place for RWE to kick off offshore construction for Denmark’s largest offshore wind farm in spring
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Engie to provide Meta with 260 MW of photovoltaic from US solar plant
Engie has signed a deal with Facebook owner Meta Platforms for the U.S. social media group to buy 100% of the output from its U.S. Sypert photovoltaic solar power plant, the French utility said on Thursday. The photovoltaic plant is expected to start operating in late 2025, Engie said. “Once operational, it will add to … Continue reading Engie to provide Meta with 260 MW of photovoltaic from US solar plant
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