Opdenergy has closed a financing of 103 million dollars (about 87 million euros) with Sumitomo Misui Banking Corporation (SMBC) for two renewable projects in Chile, the group reported. Specifically, the funds obtained will be used for the construction of the La Estrella wind farm, located in the Libertador General Bernardo O’Higgins Region and which will … Continue reading Opdenergy closes financing with SMBC for 87 million for photovoltaic and wind energy in Chile
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Wind power in Chile, AES hybrid wind farm
The wind farm would have an installed capacity of 350 MW, that is, it would represent 40.6% of the capacity of the generation plant, and would be made up of 50 7 MW wind turbines with a hub height of 170 m and blades of 85 m in length, reaching a rotor diameter of 175 … Continue reading Wind power in Chile, AES hybrid wind farm
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Wind energy and solar produced 10% of global electricity in H1 2020
Scientist say huge cuts to greenhouse gas emissions from the power sector are required over the next decade to limit global warming and curb the worst impacts of climate change such as floods, droughts and loss of species. Generation from wind power and solar energy rose by 14% during the first half of 2020 compared … Continue reading Wind energy and solar produced 10% of global electricity in H1 2020
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Why invest in Concentrating Solar Power?
Why is Bill Gates backing a Concentrated Solar Power company? What is oil major ENI doing with a CSP start-up? Why has Zurich airport agreed to purchase aviation fuel from a solar thermal company? Why are investors purchasing operating Concentrating Solar Power plants? Many investors have written-off CSP in favour of investments PV and wind. This … Continue reading Why invest in Concentrating Solar Power?
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2020: The year of photovoltaic records in Spain
Photovoltaics in Spain does not stop breaking records. Just look at the evolution of production and installed capacity in recent months to see that a clear paradigm shift has occurred: from a stagnant situation for a decade to a true photovoltaic revolution.Although 2020 is not being a year to shoot rockets in general, the good … Continue reading 2020: The year of photovoltaic records in Spain
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RWE delivers solar power from its Canadian solar farm to Direct Energy
RWE has signed a Power Purchase Agreement (PPA) with Direct Energy Marketing Limited for the supply of power from RWE’s Canadian Hull solar plant (25 megawatt, MW). The photovoltaic plant, located in Southern Alberta, started commercial operation recently and will now provide an important part of the electricity that Direct Energy needs to supply its … Continue reading RWE delivers solar power from its Canadian solar farm to Direct Energy
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Bosch and Vattenfall sign 12-year contract for solar power
Vattenfall and Bosch have signed a corporate power purchase agreement, PPA, for solar power in northern Germany. Vattenfall will supply Bosch with renewable electricity for twelve years from a 10 Megawatt solar park that Vattenfall is currently planning to build in the region of Mecklenburg-Western Pomerania in north-eastern Germany. The supply contract includes that Vattenfall … Continue reading Bosch and Vattenfall sign 12-year contract for solar power
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Demand for electrical energy in Spain falls 3.8% in July
Demand for electrical energy in Spain fell by 3.8% in July: wind energy produced 37.9%, concentrated solar power 3.5% and photovoltaic 7.9% The demand for electrical energy decreased in the Balearic Islands by 26.8% and in the Canary Islands by 9.4% compared to the same month of 2019.Solar photovoltaic produced 89.9% more than in July … Continue reading Demand for electrical energy in Spain falls 3.8% in July
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Nordex announces potential sale of its 2.7 GW European PV and wind energy project to RWE
The 2.7 GW portfolio includes projects in France, Spain, Sweden and Poland. Strong boost to Nordex’s capital structure. Cash consideration of EUR 402.5 million before deduction of any customary fees, taxes and any other adjustments. Further reinforcing the growth prospects, underpinned by a strong order book. Nordex leverages the current market environment with strong investor … Continue reading Nordex announces potential sale of its 2.7 GW European PV and wind energy project to RWE
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Nordex announces potential sale of its European wind energy and photovoltaic development pipeline to RWE
Nordex has entered into exclusive discussions in relation to parts of its wind power and photovoltaic development pipeline with RWE. The sale price at closing would be EUR 402.5 million in cash before deduction of any customary fees, taxes and any other adjustments. The project development pipeline in the context of the transaction comprises approximately … Continue reading Nordex announces potential sale of its European wind energy and photovoltaic development pipeline to RWE
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EDF Renewables signs a contract for 200 MW solar + storage 180 MW / 4 hr project in Nevada
EDF Renewables North America announces the signing of a 22-year Power Purchase Agreement (PPA) with NV Energy, the Nevada electricity and natural gas provider, for the supply of electricity from the future Chuckwalla solar farm. This planned 200 MWac solar project, which will integrate a 180 MW 4-hour battery storage system, will be developed, built … Continue reading EDF Renewables signs a contract for 200 MW solar + storage 180 MW / 4 hr project in Nevada
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Iberdrola will build and operate the world’s largest on site photovoltaic self-consumption system for SABIC
Iberdrola and SABIC are making progress in their respective business and sustainability strategies with the signing of a pioneering long-term power purchase agreement (PPA) whereby the energy company will provide green electricity to the industrial plant of the petrochemical multinational in La Aljorra – Cartagena, in Murcia, for the next 25 years. Based on this … Continue reading Iberdrola will build and operate the world’s largest on site photovoltaic self-consumption system for SABIC
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Vattenfall hybrid solar and wind power plant in the Netherlands
In the south-west of the Netherlands, Vattenfall is currently constructing its largest hybrid energy park. Once operational this farm will consist of 6 wind turbines, 115,000 solar panels and 12 sea containers with batteries. The wind turbines have been installed, the construction of the solar panels started in June and the batteries are currently being … Continue reading Vattenfall hybrid solar and wind power plant in the Netherlands
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Acciona inaugurates the first grid-connected floating photovoltaic plant in Spain
Guillermo Fernández Vara, President of the Junta (Regional Government) of Extremadura, and ACCIONA President José Manuel Entrecanales today inaugurated the first grid-connected floating photovoltaic solar plant in Spain on the Sierra Brava reservoir (Extremadura). The inauguration ceremony was also attended by Olga García, Regional Minister for Ecological Transition and Sustainability of the Junta de Extremadura, … Continue reading Acciona inaugurates the first grid-connected floating photovoltaic plant in Spain
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Jinko Power consortium is awarded the world’s largest solar power project in Abu Dhabi
The bidder consortium, formed by French EDF Group subsidiary, EDF Renewables and Chinese Jinko Power Technology Co., Ltd, both global leaders in renewable energy, has been awarded the Al Dhafra solar project in Abu Dhabi, United Arab Emirates. The future solar photovoltaic plant will be located in the region of Al Dhafra, 35 kilometers south … Continue reading Jinko Power consortium is awarded the world’s largest solar power project in Abu Dhabi
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Enel Green Power starts construction of its first renewables + storage project in North America
Enel Green Power started construction of the Lily solar + storage project, its first hybrid project in North America that integrates a renewable energy plant with utility-scale battery storage. By pairing the two technologies, Enel can store energy generated by the renewable plants to be delivered when needed, such as to help smooth the supply … Continue reading Enel Green Power starts construction of its first renewables + storage project in North America
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In 2019 the solar PV market increased an estimated 12% to around 115 GW
Following a year in which global solar photovoltaics (PV) additions were stable or even contracted slightly, in 2019 the solar PV market increased an estimated 12% to around 115 GWi.1 The decade ended with strong demand in Europe, the United States and emerging markets around the world, more than making up for a substantial decline … Continue reading In 2019 the solar PV market increased an estimated 12% to around 115 GW
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Spain’s electricity demand falls 8.5% in June
Wind energy power represented 17.3%, concentrated solar power 3.9% and photovoltaic 9.2%. Spain’s electricity demand fell 8.5% in June. 43.9% of the monthly generation was from renewable sources and 63.5% were produced from technologies that do not emit CO2 equivalent.The demand for electrical energy decreased in the Balearic Islands by 33.3% and in the Canary … Continue reading Spain’s electricity demand falls 8.5% in June
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Iberdrola, the Mondragon Group, Álava Regional Council and the EVE join forces to build the largest photovoltaic plant in the Basque Country
Iberdrola, the Mondragon Group, the Provincial Council of Alava and the Basque Government’s energy agency (EVE) have created a major Basque public-private partnership with the aim of building what will be the largest photovoltaic plant in the Basque Country: EKIENEA. The Basque electricity company has a 75 % stake; the EVE, backed by the Provincial … Continue reading Iberdrola, the Mondragon Group, Álava Regional Council and the EVE join forces to build the largest photovoltaic plant in the Basque Country
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Solar and wind power now cheaper than coal
IRENA found 56% of renewable capacity added last year achieved lower electricity costs than new coal power plants. Furthermore, by the end of 2021 it would be cheaper to build new photovoltaic facilities than to keep running active coal power plants of as much as 1.2 TW, more than half of the world total, according … Continue reading Solar and wind power now cheaper than coal
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