Hydropower produced 28 percent of the electricity consumed in Portugal last year, followed by wind power with 27 percent, photovoltaic at 10 percent and biomass at 6 percent. Renewable energy production rose to a record high in Portugal last year and natural gas consumption fell to a 20-year low as the country installed more solar … Continue reading Portugal’s renewable energy production set to hit record high in 2024
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Indonesia to build 75 GW of renewable energy in the next 15 years
The renewable projects would include photovoltaic, hydro, geothermal and wind power, Hashim said, without explaining plans for the remaining 25 GW.Indonesia’s current installed power capacity is more than 90 GW, with more than half of that powered by coal and less than 15% by renewables. It currently has no nuclear capacity, a controversial topic in … Continue reading Indonesia to build 75 GW of renewable energy in the next 15 years
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Impact of hybridisation of renewable energy and batteries on the energy transition and PPA
Hybridisation of batteries and renewable energy not only improves the technical efficiency of projects but also provides significant advantages in the PPA field, both for producers and buyers. With this growing trend, the future of energy storage and management is shaping up to be one of the most strategic pillars for decarbonising the European energy … Continue reading Impact of hybridisation of renewable energy and batteries on the energy transition and PPA
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Solar photovoltaics (PV) accounts for 44% of global renewable energy employment
Solar PV jobs represented 44% of all the global renewable energy workforce in 2023, according to a report from the International Renewable Energy Agency (IRENA). In its 11th edition of the ‘Renewable Energy and Jobs’ annual report, IRENA highlighted that directly or indirectly, renewable energy employed 16.2 million people in 2023, of which 7.1 million … Continue reading Solar photovoltaics (PV) accounts for 44% of global renewable energy employment
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Curtailment: Europe throws 4,260 million of wind power and photovoltaic energy through the grid
Green energy discharges reach historic highs and are now equivalent to all Spanish photovoltaic production in three months European electricity networks cannot cope. The huge amount of new renewable power to meet ambitious decarbonization goals is putting stale electricity transmission systems in a difficult position. Transportation, through electrical networks that are clearly insufficient, needs modernization … Continue reading Curtailment: Europe throws 4,260 million of wind power and photovoltaic energy through the grid
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Renewable energy fails in Southern Europe in the last week of the year
The last week of the year 2023 registered the expected drop in demand due to the Christmas holiday period. Increased solar energy production in countries such as Germany and France contributed to price declines in the EPEX SPOT market. However, wind and solar energy production fell in Italy and the Iberian Peninsula, contributing to price … Continue reading Renewable energy fails in Southern Europe in the last week of the year
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The impact of solar photovoltaic energy on prices
The growth of renewable energies, especially solar photovoltaic energy, is transforming the price profile of the electricity market in Spain. The clear influence of solar energy stands out, with prices falling during the hours of maximum solar radiation from 2021. Although wind energy also has an impact on prices, its variability makes it less evident … Continue reading The impact of solar photovoltaic energy on prices
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There is still capacity to export more renewable energy avoiding curtailments and price cannibalization
The profile of electricity exchanges between the Iberian Peninsula and France shows interesting results. The Iberian exception represented a profound disruption in the pattern of exchanges between the Iberian and French markets. The analysis of exchanges by months of the year shows that there is still capacity to export more photovoltaic energy to France in … Continue reading There is still capacity to export more renewable energy avoiding curtailments and price cannibalization
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New strategies to achieve renewable energy goals for 2030
Renewable energy capacity must triple by 2030 to meet the climate goals set out in the Paris Agreement. This means that solar photovoltaic (PV) and wind power will need to be the main drivers of this growth. India has already made significant progress in increasing its solar capacity, increasing it 35-fold in recent years. Furthermore, … Continue reading New strategies to achieve renewable energy goals for 2030
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IRENA Call to Triple Renewables by 2030 Becomes a Key Commitment at COP28
At COP28 today, Heads of State agreed to triple global renewable energy capacity by 2030, aligning with the International Renewable Energy Agency’s (IRENA) World Energy Transitions Outlook on how to close the energy transition gap to stay on a 1.5°C Pathway. WETO underscores that tripling renewable energy and doubling energy efficiency by 2030 is the … Continue reading IRENA Call to Triple Renewables by 2030 Becomes a Key Commitment at COP28
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China’s installed renewable energy capacity surges in Jan.-Oct.
China’s installed capacity of clean energy surged in the first 10 months of the year amid the country’s pursuit of green development. By the end of October, the installed capacity of solar power in the country expanded 47 percent year on year to 540 million kilowatts, while that of wind power stood at about 400 … Continue reading China’s installed renewable energy capacity surges in Jan.-Oct.
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Implementing Regulations Can Turn Honduras’ Renewables Ambition into Reality
With abundant renewable energy potential and ambitious target to achieve 80 per cent of renewables share in the power generation by 2038, Honduras is already on the right path to reduce its reliance on fossil fuels. The Renewables Readiness Assessment: Honduras by the International Renewable Energy Agency (IRENA) identifies the need to have current energy … Continue reading Implementing Regulations Can Turn Honduras’ Renewables Ambition into Reality
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Iberdrola progress its renewable energy strategy: the company installs almost 3,000 MW in the last twelve months
Iberdrola continues to move at pace with its commitment to being at the forefront of the energy transition, accelerating decarbonization and reducing dependence on fossil fuels. The company has installed almost 3,000 MW of new renewables capacity (2,952 MW) in the last 12 months, which means it has reached a total capacity of 41,303 MW … Continue reading Iberdrola progress its renewable energy strategy: the company installs almost 3,000 MW in the last twelve months
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G20 Leaders Endorse IRENA Recommendations for Global Renewable Energy Adoption
G20 leaders agreed to accelerate efforts to triple global renewable energy capacity by 2030, aligning with recommendations from the International Renewable Energy Agency (IRENA) on how the world can move in line with the Paris Agreement targets. In a declaration adopted on Saturday, the Group cites a joint report between IRENA and India’s G20 Presidency, … Continue reading G20 Leaders Endorse IRENA Recommendations for Global Renewable Energy Adoption
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Renewable PPA: An opportunity for the electrointensive industry
According to AEGE, the situation of the electro-intensive industry in Spain is critical due to high energy costs. In addition to the energy policies needed to make this industry competitive at European and global level, PPAs with renewable energy projects are a good opportunity to achieve competitive energy prices in the long term, although they … Continue reading Renewable PPA: An opportunity for the electrointensive industry
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Renewable Energy Technologies-Top Ten Things You Need To Know
Renewable Energy Technologies: Paving the Path to a Sustainable Future In an era marked by growing concerns over climate change and depleting fossil fuel reserves, the pursuit of sustainable energy solutions has gained unprecedented importance. Renewable energy technologies have emerged as a beacon of hope, promising a cleaner and more secure energy future for our … Continue reading Renewable Energy Technologies-Top Ten Things You Need To Know
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Exploring the increase in demand for renewable energy in Thailand
Thailand, known for its picturesque landscapes and rich cultural heritage, is now making headlines for its ambitious strides towards clean energy. The country is experiencing a surge in demand for clean energy, driven by a combination of government initiatives, increasing environmental awareness, and technological advancements. This trend is reshaping Thailand’s energy market and offering a … Continue reading Exploring the increase in demand for renewable energy in Thailand
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Renewable energy in Micronesia
Micronesia, a region in the western Pacific Ocean comprising thousands of small islands, is at the forefront of the global transition to a low-carbon future. With its abundant renewable energy resources, Micronesia has the potential to become a leader in clean energy production and a model for other island nations. This article will discuss the … Continue reading Renewable energy in Micronesia
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Exploring Renewable Energy Sources in Guinea: Tapping into Solar, Wind, and Hydro Power Potential
Guinea, a West African country with a population of approximately 12 million people, is endowed with abundant natural resources, including minerals, fertile agricultural land, and water resources. Despite this wealth, the country faces significant challenges in meeting its energy needs. With only about 30% of the population having access to electricity, there is a growing … Continue reading Exploring Renewable Energy Sources in Guinea: Tapping into Solar, Wind, and Hydro Power Potential
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China’s installed capacity of renewable energy hits 1.32 bln kW
China’s installed capacity of renewable energy hit 1.32 billion kilowatts by the end of June, exceeding the coal-fired power generating capacity, according to the National Energy Administration (NEA) Monday. The record-breaking capacity accounted for 48.8 percent of the country’s total installed capacity of power generation at the end of June, the NEA said. This aerial … Continue reading China’s installed capacity of renewable energy hits 1.32 bln kW
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