The Renewable Energy Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that despite renewables becoming the fastest growing source of power, the world risks missing the tripling renewables target pledged at COP28. To stay the course, the world will now have to grow renewables capacity at a minimum 16.4% rate annually … Continue reading Tripling renewable energy by 2030 requires a minimum annual growth rate of 16.4%
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Renewable energy statistics 2024
The International Renewable Energy Agency (IRENA) produces comprehensive, reliable datasets on renewable energy capacity and use worldwide. Renewable energy statistics 2024 provides datasets on power-generation capacity for 2014-2023, actual power generation for 2014-2022 and renewable energy balances for over 150 countries and areas for 2021-2022. Data was obtained from a variety of sources, including an … Continue reading Renewable energy statistics 2024
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Nordex further expands its presence in the wind power in Lithuania with a new order of 42 MW
At the end of June 2024, the Nordex Group signed a contract with the E energija group for the supply and installation of six N163/6.X wind turbines for a 42 MW wind farm in Lithuania. The order also includes a Premium-Plus service contract for the maintenance of the turbines for 35 years. The wind farm … Continue reading Nordex further expands its presence in the wind power in Lithuania with a new order of 42 MW
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China building two-thirds of world’s wind energy and photovoltaic solar projects
Country on track reach 1,200GW of installed wind power and photovoltaic capacity by end of 2024 – six years ahead of Beijing’s target. Between March 2023 and March 2024, China installed more solar than it had in the previous three years combined, and more than the rest of the world combined for 2023, the GEM … Continue reading China building two-thirds of world’s wind energy and photovoltaic solar projects
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South America to see onshore wind power capacity double in the next 10 years
South America’s cumulative onshore wind capacity will double to 79 gigawatts (GW) in the next 10 years as developers install 40 GW of new capacity by 2033, according to Wood Mackenzie’s latest South America onshore wind power outlook. 2023 was a record year with 5.9 GW of onshore wind additions in South America, helped by … Continue reading South America to see onshore wind power capacity double in the next 10 years
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China builds twice as much wind power and photovoltaic capacity as the rest of the world
China consolidates its position as a world leader in renewable energy, currently building twice as much wind and photovoltaic capacity as the rest of the world, according to a study published this Thursday. The Asian giant, with 1.4 billion inhabitants and numerous factories due to its status as a manufacturing country, is the world’s largest … Continue reading China builds twice as much wind power and photovoltaic capacity as the rest of the world
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Ørsted closes acquisition of Eversource’s share of Sunrise Wind
Further to our announcement from 24 January 2024, and following the successful award of Sunrise Wind in the New York 4 solicitation for offshore wind capacity, Ørsted has now completed the acquisition of Eversource’s 50 % share of Sunrise Wind, a 924 MW offshore wind farm located off the coast of New York. The purchase … Continue reading Ørsted closes acquisition of Eversource’s share of Sunrise Wind
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Offshore Wind Momentum Grows with Sector to Invest $65 Billion and Create 56,000 U.S. Jobs by 2030
The American Clean Power Association (ACP) today released the 2024 Offshore Wind Market Report, showing the clean power industry is projected to invest $65 billion in offshore wind projects by 2030, which will support 56,000 jobs in the United States. There are currently 12 gigawatts (GW) of projects with active offtake agreements, including 4 GW … Continue reading Offshore Wind Momentum Grows with Sector to Invest $65 Billion and Create 56,000 U.S. Jobs by 2030
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Voltiq advises Blunova on sale of 50% of floating offshore wind project
Voltiq is pleased to have assisted in the sale of a 50% stake in Wind Energy Pozzallo, a 975 MW floating offshore wind project. Wind Energy Pozzallo is located near the municipality of Pozzallo on the southern coast of Sicily. Blunova, the owner and developer of the wind project, sold a 50% stake in the … Continue reading Voltiq advises Blunova on sale of 50% of floating offshore wind project
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New UK Government plans big push on wind power
The UK’s new Labour Government has great ambitions for accelerating the deployment of wind energy, both onshore and offshore. To deliver on their new goals they will need a massive overhaul of planning and the grid. The new UK Government is committed to double onshore wind and quadruple offshore wind by 2030, as a cornerstone … Continue reading New UK Government plans big push on wind power
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Avangrid (Iberdrola) Announces Agreement for Sale of Kitty Hawk North Offshore Wind Farm Lease Area to Dominion Energy
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced an agreement for the sale of the Kitty Hawk North offshore wind lease area to Dominion Energy. The agreement, which includes the Kitty Hawk North offshore wind lease area and associated assets, is for a sale of approximately $160 million, inclusive of a … Continue reading Avangrid (Iberdrola) Announces Agreement for Sale of Kitty Hawk North Offshore Wind Farm Lease Area to Dominion Energy
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Photovoltaic and wind energy in the first week of July
In the first week of July, prices in most major European electricity markets fell compared to the previous week. Almost all markets registered hours with negative prices in the latter part of the week. Rising wind energy production, as well as lower gas prices and demand in some markets, contributed to the decline in prices. … Continue reading Photovoltaic and wind energy in the first week of July
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Copenhagen Infrastructure Partners (CIP) closes an important contract for the supply of transformers for the Maestrazgo Cluster of the Teruel Wind Farm
Copenhagen Infrastructure Partners (CIP) continues to advance in the development of the Master Cluster of the Teruel Wind Farm with the signing of an important contract with Hitachi Energy for the delivery, installation and commissioning of step-up transformers and interconnection to the 400 kV grid. This project, which CIP has been promoting through contracts with … Continue reading Copenhagen Infrastructure Partners (CIP) closes an important contract for the supply of transformers for the Maestrazgo Cluster of the Teruel Wind Farm
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Photovoltaic (PV) and wind power uptake to reach 5.4 TWac from 2024 to 2033
Global photovoltaic deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storage, From 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online, increasing the cumulative global total to 8 TWac, … Continue reading Photovoltaic (PV) and wind power uptake to reach 5.4 TWac from 2024 to 2033
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Vestas sells 2.8 GW of wind energy in 13 countries in the second quarter
Vestas continues to strengthen its position as a leading OEM in the market. And it does so by closing Q2 with very good figures. In total, Vestas has closed a total of 19 orders in 13 different countries in this Q2. They may not seem like many, but they have been enough to reach 2.8 … Continue reading Vestas sells 2.8 GW of wind energy in 13 countries in the second quarter
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Renewable energies in electricity generation increase by 28% in Iran
The electricity generated by renewable sources increased by 28 percent in the third Iranian calendar month (ended on June 20) compared to the same month last year, ISNA reported. Renewable sources generated more than 230 million kilowatt hours of electricity, an increase of 21 percent in comparison with a month earlier. Wind power plants held … Continue reading Renewable energies in electricity generation increase by 28% in Iran
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Batteries the key as photovoltaic cell prices plunge and wind power and solar ramp up towards 50 pct share
Renewable generation should be around 50 per cent of supply on Australia’s main grid by July, 2026, although it might be a bit less depending on progress on the second stage of Golden Plains, which will be the country’s biggest wind farm – at least for a time – when complete. To get to 80 … Continue reading Batteries the key as photovoltaic cell prices plunge and wind power and solar ramp up towards 50 pct share
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Spain gives the green light to 3,155.8 MW of solar photovoltaic energy and 390.7 MW of wind power in Q2 2024
Spain granted permits for 3,526.5 MW of new photovoltaic and wind energy projects during the second quarter of 2024, according to a report by research firm Opina 360, which extracts figures from BOE announcements. Compared to the first quarter, this is a capacity drop of 40.8%, according to the report written for the organizers of … Continue reading Spain gives the green light to 3,155.8 MW of solar photovoltaic energy and 390.7 MW of wind power in Q2 2024
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Immediate actions needed to unblock grid capacity for more wind energy
Getting access to the electricity grid is now the number one bottleneck to deploying renewables at scale. Across Europe hundreds of gigawatts of wind energy projects have applied for a grid connection permit and are waiting for an answer. The resulting grid connection queues have led to administrative overload and serious delays in the much-needed … Continue reading Immediate actions needed to unblock grid capacity for more wind energy
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India sets course for new era of wind energy with Viability Gap Funding approval for offshore wind
GWEC and the India Offshore Wind Working Group welcomes the approval of the Viability Gap Funding (VGF) scheme for offshore wind energy projects in India. GWEC met with the Ministry of New and Renewable Energy in 2022 and pressed for financial support mechanisms such as Viability Gap Funding in India. GWEC has continued to engage … Continue reading India sets course for new era of wind energy with Viability Gap Funding approval for offshore wind
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