A new report released today by the American Clean Power Association (ACP) shows that, in the last two years, the U.S. clean energy industry has announced $500 billion in new investments, spurring the American economy and creating tens of thousands of new jobs. ACP’s 2024 Clean Energy Investing in America report finds that the industry … Continue reading Clean Energy Industry to Power Economic Growth with $500 Billion in New Investments, 100K New Manufacturing Jobs
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Vestas wins order for 144 MW of wind energy in South Africa
Renewable energy producer African Clean Energy Developments (ACED) has placed an order for 144 MW for the Khangela Emoyeni wind farm, to be located in the Western Cape, South Africa. The contract includes the supply and installation of 32 V163-4.5 MW wind turbines, as well as a 10-year Active Output Management 5000 (AOM 5000) service … Continue reading Vestas wins order for 144 MW of wind energy in South Africa
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EIB signs €50 million green loan with Matrix Renewables to deploy 5 new solar photovoltaic plants in Spain
EIB signs €50 million green loan with Matrix Renewables to deploy 5 new solar photovoltaic plants in SpainThe loan will support the design, construction, and operation of 5 new solar photovoltaic plants with an installed capacity of 240 MW in the regions of Castilla León and Extremadura.The project contributes to consolidate the EIB’s position as … Continue reading EIB signs €50 million green loan with Matrix Renewables to deploy 5 new solar photovoltaic plants in Spain
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Global investment in photovoltaics will exceed $500 billion by 2024
The International Energy Agency projects that photovoltaic solar energy will attract more investment than all other sources of electricity generation combined. Global energy spending is expected to surpass $3 trillion for the first time this year. This year’s edition of the World Energy Investment provides a full update on the investment picture in 2023 and … Continue reading Global investment in photovoltaics will exceed $500 billion by 2024
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Taiwan awards 2.7GW in offshore wind energy tender
Taiwan’s Ministry of Economic Affairs (MOEA) has awarded five wind farm projects totalling 2.7GW with capacity allocations in its latest round 3.2 offshore auction. According to the list of awards released by the MOEA, the selected projects include local developer Shinfox’s 700MW Youde; Synera Renewable Energy Group’s (SRE) 800MW Formosa 6; Copenhagen Infrastructure Partners’ 600MW … Continue reading Taiwan awards 2.7GW in offshore wind energy tender
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The installed capacity of solar photovoltaic energy in India reaches 85.47 GW and wind energy, 46.65 GW
The government reported on Tuesday that the total installed capacity of solar photovoltaic (PV) energy in the country amounts to 85.47 gigawatts (GW) and wind energy to 46.65 GW. India has taken several measures and initiatives to promote the development of renewable energy (RE), including solar and wind energy. These measures directly or indirectly incentivize … Continue reading The installed capacity of solar photovoltaic energy in India reaches 85.47 GW and wind energy, 46.65 GW
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Photovoltaic and wind energy in the first week of August
In the first week of August, gas and CO2 prices rose, leading to price increases in most of the main European electricity markets. The Italian market registered the highest daily price of the year on July 29 and the Iberian market the second highest on August 5. The French market broke the historical record for … Continue reading Photovoltaic and wind energy in the first week of August
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acciona.org launches first South African photovoltaic project with school electrification
The acciona.org foundation has launched its first project in South Africa with the commissioning of a solar-plus-storage plant that guarantees clean, stable and affordable electricity supply to the Bakerville primary school in the town of Gouda. The 19.8kWp photovoltaic plant with a 20.4kWh battery ensures that more than 650 primary school students can attend classes … Continue reading acciona.org launches first South African photovoltaic project with school electrification
Continue readingRWE and Salzgitter Group sign photovoltaic PPA
Green electricity will be supplied from the Boitzenburger Land photovoltaic plant. RWE Supply & Trading and the Salzgitter Group have agreed a long-term green electricity supply (Power Purchase Agreement, PPA) for up to 64 gigawatt hours per year. The contract runs for seven years and begins in 2027. The green electricity will come from the 180-megawatt … Continue reading RWE and Salzgitter Group sign photovoltaic PPA
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The photovolcaic self-consumption installation grew by 41% in the second quarter of 2024 in Spain
The installation of photovolcaic self-consumption in the second quarter of 2024 grew by 41% compared to the first quarter, with 413 megawatts (MW) of new power, as indicated this Tuesday by the Spanish Photovolcaic Union (UNEF).The industrial sector led the increase in this type of installations, with 221 MW of new photovolcaic power, 47% more … Continue reading The photovolcaic self-consumption installation grew by 41% in the second quarter of 2024 in Spain
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EBRD lends €100 million for Enefit Green wind energy project in Estonia
Enefit Green has signed an agreement with the European Bank for Reconstruction and Development (EBRD) to borrow 100 million euros for the construction of a wind farm in Estonia. The loan term is eight years. The Estonian wind energy company said it will use the proceeds to finance the ongoing construction of the 255 MW … Continue reading EBRD lends €100 million for Enefit Green wind energy project in Estonia
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Iberdrola acquires €5 billion valued Electricity North West in the UK
Iberdrola has today signed an agreement to acquire 88% of Electricity North West (ENW) in the UK for an equity value of £2.1 billion (€2.5 billion). The deal values 100% of the company, including debt, at approximately €5 billion. This acquisition is consistent with Iberdrola’s strategy to invest in electricity networks and in countries with … Continue reading Iberdrola acquires €5 billion valued Electricity North West in the UK
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Acciona Energía is awarded a ‘Contract for Difference’ for a new photovoltaic plant in Croatia
ACCIONA Energy has today announced the award of a ‘Contract for Difference’ (CfD) for 12 years with the Croatian energy regulator Hrvatski Operator Trzista Energije (HROTE) for the Promina photovoltaic plant (189MWp), currently under development. Promina will be built in the province of Sibenik-Knin, in the south of Croatia, and will be the largest solar … Continue reading Acciona Energía is awarded a ‘Contract for Difference’ for a new photovoltaic plant in Croatia
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AMEA Power presents 24 MWp solar photovoltaic project in Uganda
AMEA Power, a leading renewable energy company, announced the start of its 24 MWp solar photovoltaic (PV) project in Uganda. The inauguration ceremony, held today, was attended by the Hon. Dr Ruth Nankabirwa Ssentamu, Minister of Energy and Mineral Development of Uganda, who served as guest of honour. Also present were Ms. Irene Bateebe, Permanent … Continue reading AMEA Power presents 24 MWp solar photovoltaic project in Uganda
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How China’s subsidies are reshaping the global photovoltaic (PV) industry
In recent years, the photovoltaics market has faced unexpected challenges related to overproduction. Despite the growing popularity of and growing demand for renewable energy sources, the global supply of solar panels significantly exceeds current needs. This situation has had a significant impact on the global economy and has created several problems for manufacturers around the … Continue reading How China’s subsidies are reshaping the global photovoltaic (PV) industry
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Endesa leads the connection of self-consumption to the grid with more than 300,000 photovoltaic supplies
The installations have a total capacity of 3.8 GW of photovoltaics.Endesa leads the activation of self-consumption connected to the distribution network in Spain and already exceeds 300,000 adapted supplies. So far this year, self-consumption supplies activated by e-distribution, Endesa’s network subsidiary, have increased by more than 50,000, which represents an increase of 21% compared to … Continue reading Endesa leads the connection of self-consumption to the grid with more than 300,000 photovoltaic supplies
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Northeast Brazil registers two wind power generation records in less than a week
The time of year favors the search for this source, since the winds become more intense; Ceará occupies fourth place in the regional ranking.The Northeast region recorded the second record of wind production in less than a week. The second feat occurred at 5:48 a.m. last Thursday (1st). In total 19,083 MW of energy were … Continue reading Northeast Brazil registers two wind power generation records in less than a week
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Photovoltaic solar energy crisis in China: excess supply causes a spiral of failures
Photovoltaic manufacturers enter restructuring processes or declare bankruptcy due to market prices lower than production costs due to ample supplyA growing number of Chinese solar equipment manufacturers have entered into restructuring or bankruptcy, amid growing oversupply and resulting price wars, which are causing huge financial losses and threatening the survival of many smaller companies. . … Continue reading Photovoltaic solar energy crisis in China: excess supply causes a spiral of failures
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In 2004 it took a year to install one gigawatt of photovoltaic energy; in 2024 this will happen once a day
The progress in the installation of solar panels has been tremendous. The technology industry, the energy industry and individuals are seeing an increase in solar panel installations. In the case of individuals, very low prices thanks to overproduction in China are supporting the installation of photovoltaic self-consumption systems. If we talk about the energy industry, … Continue reading In 2004 it took a year to install one gigawatt of photovoltaic energy; in 2024 this will happen once a day
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Southern Xinjiang’s first wind farm begins operation, boosting high-altitude wind energy
Southern Xinjiang’s first wind power project, situated at an average altitude of 3,100 meters in Kizilsu Kirgiz Autonomous Prefecture, went into operation on Saturday. Located in Wuqia County on the Pamir Plateau, the wind farm is the westernmost one in China. The project represents a major advancement for China in high-altitude wind energy technology. The … Continue reading Southern Xinjiang’s first wind farm begins operation, boosting high-altitude wind energy
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