Wind power plants generate 1.6 GW per year. In April, generation capacity grew by 593 MW.The National Electric Energy Agency (Aneel) announced that in April Brazil surpassed the 3 GW mark of growth in the electricity generation matrix in 2023. Of the total, around 1.6 GW are related to wind farms (49.15% of the total) … Continue reading Brazil installs 1.6 GW of wind energy
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The United States Harnesses Solar and Wind Energy to Combat Climate Change
In recent years, the United States has made significant advancements in its clean energy transition, driving the nation closer to its 2030 climate target. With the adoption of the Paris Agreement, the U.S. committed to reducing greenhouse gas emissions, achieving carbon pollution-free electricity, and transitioning to a net-zero emissions economy. One notable finding by Climate … Continue reading The United States Harnesses Solar and Wind Energy to Combat Climate Change
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Portugal sets new record for solar and wind energy and exceeds electricity needs for six consecutive days
Portugal has achieved a notable milestone in renewable energy production, exceeding its electricity needs for a record six consecutive days. From October 31 to November 6, the country generated 1,102 GWh of electricity, exceeding the 840 GWh consumed during the same period. This surplus production of 262 GWh demonstrates Portugal’s commitment to sustainable energy sources. … Continue reading Portugal sets new record for solar and wind energy and exceeds electricity needs for six consecutive days
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Can European renewables still turn a profit?
The European Union’s ambitious renewable energy target mandates at least 42.5% of EU energy consumption to come from renewable sources by 2030. For that to happen, developers need positive returns on their renewables investments. With technology costs not evolving as hoped, where will the sources of project profitability come from instead? Our latest insight analyses … Continue reading Can European renewables still turn a profit?
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How can sustainable debt support China’s energy transition?
Sustainable debt has become a popular tool to fund green and sustainability-linked activities since it first emerged in the mid-2010s, providing a tailwind to clean energy investment. Global sustainable debt issuances have risen nearly tenfold since 2016, peaking at over USD 1.7 trillion in 2021. These instruments have been leveraged by governments to raise capital … Continue reading How can sustainable debt support China’s energy transition?
Continue readingStatkraft releases report on global energy trends and scenarios for 2050: Growth in renewables will continue despite international turmoil
“Despite increased geopolitical unrest and rivalry, renewable energy growth remains strong and won’t stop or reverse. The cost of wind and solar power, batteries and electric vehicles have dropped significantly over the last decade, resulting in them replacing fossil fuels. Energy security has also become a top priority on the international agenda, resulting in an … Continue reading Statkraft releases report on global energy trends and scenarios for 2050: Growth in renewables will continue despite international turmoil
Continue readingChina’s installed solar and wind power capacity saw robust growth this year
China’s installed solar and wind power capacity saw robust growth this year amid the country’s green development push, according to the National Energy Administration, Azernews reports, citing Xinhua. At the end of September, the country’s installed solar power capacity was approximately 520 million kilowatts, up 45.3 percent year on year, and its installed wind power … Continue reading China’s installed solar and wind power capacity saw robust growth this year
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RE-Source 2023 marks 7.8 GW PPA record but industry urges for barriers to be removed to reach EU net zero objectives
Consistent growth of renewable corporate power purchase agreements (PPAs) proves that corporates are stepping up their commitments to the energy transition. But corporate energy buyers are calling on policymakers to use the EU Electricity Market Design (EMD) reform to remove the remaining barriers to PPAs. Record-breaking year in the EU PPA market with companies procuring … Continue reading RE-Source 2023 marks 7.8 GW PPA record but industry urges for barriers to be removed to reach EU net zero objectives
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IRENA Global Atlas Upgrade Enhances Understanding of Countries’ Renewables Potential
Since its inception ten years ago, the IRENA Global Atlas for Renewable Energy has been the hub for open-source renewable resource assessment and data sharing. The new version 4.1 marks a significant milestone with substantial upgrade in capabilities and functionalities. Building upon its previous version 4.0, the Global Atlas 4.1 enhances users’ experience with a … Continue reading IRENA Global Atlas Upgrade Enhances Understanding of Countries’ Renewables Potential
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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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Infrastructure Reform is Key to Accelerating Africa’s Energy Transition
With 80% of the world’s population without access to electricity residing in Sub-Saharan Africa, it is clear that the current fossil fuel-based energy system fails to meet Africa’s power needs. Something needs to be done quickly. Renewables offer a compelling solution. Not only are they the most rapidly deployable and versatile technology available. They are … Continue reading Infrastructure Reform is Key to Accelerating Africa’s Energy Transition
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Renewables Jobs Nearly Doubled in Past Decade, Soared to 13.7 Million in 2022
Worldwide employment in renewable energy reached 13.7 million in 2022, an increase of one million since 2021 and up from a total of 7.3 million in 2012, according to a new report by the International Renewable Energy Agency (IRENA) and the International Labour Organization (ILO). The tenth edition of Renewable Energy and Jobs: Annual Review … Continue reading Renewables Jobs Nearly Doubled in Past Decade, Soared to 13.7 Million in 2022
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Statkraft supplies solar and wind power to ZEISS in Germany
Statkraft will supply 800 GWh of green electricity to German ZEISS sites over a period of eleven years. To achieve this, the companies have concluded several Power Purchase Agreements (PPAs). The PPAs with different delivery start dates and periods support ZEISS in achieving the goal of becoming climate-neutral in its own activities by 2025. ZEISS … Continue reading Statkraft supplies solar and wind power to ZEISS in Germany
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Iberdrola completes its first hybrid wind and solar plant in Spain
Iberdrola has completed the construction in of the first hybrid wind and solar photovoltaic plant in Spain and is now immersed in the commissioning process. The company thus reinforces its innovative and renewable leadership in the region with the development in Burgos of this technology that optimises the use of the grid and minimises the … Continue reading Iberdrola completes its first hybrid wind and solar plant in Spain
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Ørsted secures solar and wind energy contracts under Irish RESS 3 auction
Ørsted has secured two contracts in the Irish Government’s third onshore Renewable Electricity Support Scheme (RESS 3) auction. The approved Ørsted projects were the 81 MW Garreenleen Solar Farm in Carlow, and the 43.2 MW Farranrory Onshore Wind Farm in Tipperary. Commenting on the provisional results of the RESS 3 auction, Kieran?White, Senior Vice President … Continue reading Ørsted secures solar and wind energy contracts under Irish RESS 3 auction
Continue readingThe path to limiting global warming to 1.5 °C has narrowed, but clean energy growth is keeping it open
Driving greenhouse gas emissions from the world’s energy sector to net zero and limiting global warming to 1.5 °C remains possible due to the record growth of key clean energy technologies, though momentum needs to increase rapidly in many areas, according to a new edition of the IEA’s landmark Net Zero Roadmap. The new Roadmapsets out … Continue reading The path to limiting global warming to 1.5 °C has narrowed, but clean energy growth is keeping it open
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Cubico acquires 121MW of wind power and solar in Uruguay
Cubico acquired 121MW of wind and solar projects in Uruguay from Brookfield for an unspecified amount.The renewable energy investor said he completed the acquisition of the 52 MW Carape I and 43 MW Carape II wind farms in Maldonado; and the 26MW Alto Cielo photovoltaic solar plant in Artigas.The latest agreement increases Cubico’s renewable energy … Continue reading Cubico acquires 121MW of wind power and solar in Uruguay
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Spain brings solar PPA to lead Europe
PPA are booming as a tool in the energy transition. PPA allow renewable energy producers to guarantee the long?term sale of their production, facilitating financing. In turn, consumers ensure a supply at agreed prices, avoiding market volatility and demonstrating their commitment to the environment. Spain has brought solar PPA to lead in Europe. AleaGreen facilitates … Continue reading Spain brings solar PPA to lead Europe
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IRENA Innovation Week Spurs Renewable Solutions to Decarbonise End-use Sectors
Leading companies, innovators and policymakers are convening at the 2023 edition of the IRENA Innovation Week from 25-28 September in Bonn to drive ground-breaking innovative renewable solutions that cut CO2 emissions in end-uses and accelerate the global energy transition. According to IRENA, innovation is critical to ensuring that countries can reap the benefits of low-cost renewables … Continue reading IRENA Innovation Week Spurs Renewable Solutions to Decarbonise End-use Sectors
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EIA is changing how it accounts for primary energy consumption of electricity generation from solar, wind, hydropower, and geothermal
The U.S. Energy Information Administration (EIA) is changing its methodology for calculating primary energy consumption of electricity generation from noncombustible renewable energy sources—solar, wind, hydroelectric power, and geothermal. When EIA publishes its Monthly Energy Review on September 26, it will use a methodology known as the captured energy approach to calculate renewable energy consumption for … Continue reading EIA is changing how it accounts for primary energy consumption of electricity generation from solar, wind, hydropower, and geothermal
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