A new report from SolarPower Europe warns that 2024 brings only 4% annual growth to the EU photovoltaic market. This represents a 92% growth slowdown. The EU installed 66 GW of photovoltaic in 2024, inching past 2023’s record of 63 GW.2024 also marks the first year where annual investment in photovoltaic installations in the EU … Continue reading SolarPower Europe warns that the EU photovoltaic (PV) market will grow by only 4% per year by 2024
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Iran’s photovoltaic (PV) capacity to increase by 4,000 MW by March 2026
Iran’s photovoltaic (PV) capacity will increase by 4,000 megawatts (MW) by the end of the next Iranian calendar year (March 20, 2026), the country’s energy minister announced. Abbas Ali-Abadi said the country’s power grid is large and with the annual generation and consumption capacity of about 350 billion kilowatt hours of electricity, it technically has … Continue reading Iran’s photovoltaic (PV) capacity to increase by 4,000 MW by March 2026
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U.S. anti-dumping ruling challenges Southeast Asian Photovoltaic (PV) exports
U.S. Department of Commerce issued preliminary findings in the antidumping duty investigations of cells from Cambodia, Malaysia, Thailand, and Vietnam On November 29, the U.S. Department of Commerce (DOC) issued a preliminary ruling on the anti-dumping (AD) investigation of crystalline cells from Cambodia, Malaysia, Thailand, and Vietnam, announcing the dumping rates for each exporter/producer. This … Continue reading U.S. anti-dumping ruling challenges Southeast Asian Photovoltaic (PV) exports
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GE Vernova supplies wind turbine for R&D in Colorado
GE Vernova announces that its Advanced Research Center (ARC) has supplied a 3.4 MW-140 m wind turbine to the National Renewable Energy Laboratory (NREL) as part of a research project funded by the Department of Energy (DOE). This strategic partnership aims to develop key technologies such as advanced sensors, direct DC coupling and battery storage … Continue reading GE Vernova supplies wind turbine for R&D in Colorado
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One year since the European Wind Charter: lots achieved, lots more to do
Today marks the first anniversary of the EU Wind Charter. The Charter committed 26 EU Governments, the EU Commission, and the European wind industry to implement the 15 measures set out in the European Wind Power Package to strengthen Europe’s wind industry. In her 2023 State of the European Union speech, Ursula von der Leyen … Continue reading One year since the European Wind Charter: lots achieved, lots more to do
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EDP awarded with 160MW of capacity contracts for its first storage projects in Poland
EDP Renewables has been awarded with contracts for its two first battery energy standalone storage projects in Poland. The contracts, that will last for a period of 17 years, were granted by the Polish Grid Operator (PSE) in the recent capacity market auction and will amount to a total installed capacity of 160MW. Located in … Continue reading EDP awarded with 160MW of capacity contracts for its first storage projects in Poland
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OX2 acquires Bursjöliden wind farm in northern Sweden
OX2 has acquired Bursjöliden wind farm from RWE. The project Bursjöliden is located in Örnsköldsvik municipality, in the North of Sweden. The project is planned to be integrated into OX2’s portfolio for long-term ownership. The Bursjöliden wind farm is located in the North of Sweden in price area SE2. The project is planned to include … Continue reading OX2 acquires Bursjöliden wind farm in northern Sweden
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LPO announces $1.45 billion loan guarantee to Qcells to finance a solar photovoltaic (PV) manufacturing facility in Georgia
As part of the Biden-Harris Administration’s Investing in America agenda, the Department of Energy’s (DOE) Loan Programs Office (LPO) announced today the closing of a $1.45 billion loan guarantee to Hanwha Q Cells Georgia, Inc. (Qcells), a leading North American crystalline silicon solar manufacturer. The loan guarantee will support Qcells’ solar supply chain facility in Cartersville, Georgia, … Continue reading LPO announces $1.45 billion loan guarantee to Qcells to finance a solar photovoltaic (PV) manufacturing facility in Georgia
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China-invested photovoltaic project breaks ground in Laos
A China-invested 1-million-kilowatt photovoltaic project broke ground in northern Laos, China General Nuclear Power Corporation (CGN), a major nuclear power operator in China and the project investor, announced on Thursday (Dec 19). The project, jointly constructed by the CGN and over 70 other Chinese and Laotian enterprises, is the phase I project of CGN’s clean … Continue reading China-invested photovoltaic project breaks ground in Laos
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EIB signs €100 million green loan with Iberdrola backed by SACE for new photovoltaic plant in Sicily
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
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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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