There are thousands of extraordinarily good pumped hydro storage sites around the world with an extraordinarily low investment cost. When combined with batteries, the resulting hybrid system has large energy storage, low cost for both energy and power, and fast response. Storage is a solved problem. In 2023, twice as much solar generation capacity was … Continue reading Energy storage, essential for photovoltaics and wind power, is a solved problem
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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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Wind energy (21.1%) and photovoltaic (19.5%) dominate electricity generation in September in Spain
During this month of September, renewables have generated 33% more than in the same period of the previous year and have accounted for 53% of the monthly mix. National electricity demand experienced an increase of 3.1% in September compared to the same month of the previous year, once the effects of temperature and working hours … Continue reading Wind energy (21.1%) and photovoltaic (19.5%) dominate electricity generation in September in Spain
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European wind energy production reached records for September
In the last week of September, wind energy production increased in the main European markets and registered historical daily production records for September in several markets. This favored the decline in electricity market prices, even though gas and CO2 prices increased during the week. Solar photovoltaic energy production declined in most markets with the arrival … Continue reading European wind energy production reached records for September
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Highest Annual Growth of Renewables Jobs in 2023, Reaching 16.2 Million
2023 saw the highest ever increase in renewable energy jobs, from 13.7 million in 2022 to 16.2 million, according to the newly released Renewable Energy and Jobs – Annual Review 2024 by the International Renewable Energy Agency (IRENA) and the International Labour Organization (ILO). The 18% year-on-year leap reflects the strong growth of renewables generating … Continue reading Highest Annual Growth of Renewables Jobs in 2023, Reaching 16.2 Million
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Price cannibalisation triggers the signing of electricity contracts that combine wind power and solar photovoltaic
In Spain, long-term power purchase agreements, known as PPAs, have been signed that hybridise both technologies for a total of 1.3 GW in the first half of the year. Offshore wind power also promises a new era. Spain is one of the countries with the lowest electricity prices in Europe during solar photovoltaic generation hours. … Continue reading Price cannibalisation triggers the signing of electricity contracts that combine wind power and solar photovoltaic
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How PJM Can Reform Its Interconnection Processes to Expedite Battery Storage and Avoid Looming Electricity Shortfall
PJM Interconnection (PJM), America’s largest electric grid operator with a service territory that spans 13 states and the District of Columbia, risks a shortfall of electricity within the next six years yet continues to apply processes that discourage the deployment of battery energy storage systems (BESS), according to a new Gabel Associates, Inc. report commissioned by the … Continue reading How PJM Can Reform Its Interconnection Processes to Expedite Battery Storage and Avoid Looming Electricity Shortfall
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Record Growth Drives Cost Advantage of Renewable Power
81% of renewable additions in 2023 were cheaper than fossil fuel alternatives, offering countries a compelling business and investment case to triple renewables by 2030. In 2023, the global weighted average levelised cost of electricity (LCOE) from newly commissioned utility-scale solar photovoltaic (PV), onshore wind energy, offshore wind and hydropower fell. Between 2022 and 2023, … Continue reading Record Growth Drives Cost Advantage of Renewable Power
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The Future of European Electricity Markets: Batteries, Hybridisation and Profitability
European electricity markets are facing an unprecedented energy revolution, driven by the rise of renewable energies. Batteries and hybridisation of technologies are emerging as key players in this transformation process, not only optimising the integration of clean energy but also mitigating price volatility and increasing the profitability of investments. Falling battery prices and the advance … Continue reading The Future of European Electricity Markets: Batteries, Hybridisation and Profitability
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10 key energy actions that can help safeguard Ukraine’s fragile energy security through the coming winter and beyond
With Ukrainian energy infrastructure under huge strain, IEA report outlines immediate steps for country and its partners to tackle vulnerabilities as temperatures drop A step change in the intensity of Russia’s attacks on Ukraine’s energy sector has created serious risks as winter approaches – requiring swift action and additional support to ensure Ukrainian citizens have … Continue reading 10 key energy actions that can help safeguard Ukraine’s fragile energy security through the coming winter and beyond
Continue readingGrid Limitations Hold Back Renewables Breakthrough, Says New REN21 Report
Renewable energy has the full potential to power the world’s energy demands but can only be achieved through urgent improvements in grid infrastructure and integrated planning, REN21 report shows.Paris, France — In 2023, renewable energy hit a record-breaking high, accounting for 30% of global electricity, with solar and wind contributing to 13% of the total. … Continue reading Grid Limitations Hold Back Renewables Breakthrough, Says New REN21 Report
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European photovoltaic energy continued to break production records in July
In July, prices in the electricity markets of Spain, Portugal, France and Italy rose compared to June, driven by higher temperatures that boosted electricity demand. Lower wind energy production in most markets also contributed to this trend. In the markets further north on the continent, the rise in temperatures and demand was less pronounced. In … Continue reading European photovoltaic energy continued to break production records in July
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Repowering and hybridization: the key to new energy efficiency
Plant hybridization is the new frontier of repowering and it entails the integration of different types of technology within the same site. In Italy this process has already seen the implementation of pioneering projects such as those at Venaus. In order to increase energy production, it isn’t always necessary to build a new power plant … Continue reading Repowering and hybridization: the key to new energy efficiency
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Stronger integration measures are needed as solar photovoltaic and wind power soar to record levels in electricity sector
New IEA report offers first-of-its-kind global stocktake of efforts to integrate variable renewables across 50 power systems, identifying best practices and key challenges As solar PV and wind grow at an accelerated pace around the world, governments must act to ensure that they are well integrated into power systems – or risk losing out on … Continue reading Stronger integration measures are needed as solar photovoltaic and wind power soar to record levels in electricity sector
Continue readingOur old electrical grid is limiting how much wind power and photovoltaic we can use
Use of green energy hit an all-time high last year: Renewables produced nearly a third of the electricity used around the globe, according to a new report out from the global policy network REN-21. That’s the good news. The bad news is even more green energy could have been used, but the electrical grids built … Continue reading Our old electrical grid is limiting how much wind power and photovoltaic we can use
Continue readingBiden-Harris Administration Announces $72.8 Million Loan to Build Solar photovoltaic (PV) and Storage Microgrid on Tribal Lands
As part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of Energy (DOE), through its Loan Programs Office (LPO), today announced the closing of a $72.8 million loan guarantee to finance the development of a solar-plus-long-duration-energy-storage?microgrid. The microgrid will be located?on the Tribal lands of the Viejas (Baron Long) Group of Capitan … Continue reading Biden-Harris Administration Announces $72.8 Million Loan to Build Solar photovoltaic (PV) and Storage Microgrid on Tribal Lands
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Goldwind completes a black start of a hybrid wind farm with batteries
Goldwind has completed its first black start at a wind farm hybridized with batteries and connected to a 220 kV grid. This test has allowed Goldwind to validate the grid-forming technology of its wind turbines. The test was carried out at a 200 MW wind farm and 36 MW / 120 MWh of batteries. For … Continue reading Goldwind completes a black start of a hybrid wind farm with batteries
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RWE builds ultra-fast, innovative battery storage system in the Netherlands to help safeguard the grid
RWE is expanding its battery storage business with an innovative technology for grid stability. The company has begun construction of an ultra-fast battery storage system with an installed capacity of 7.5 megawatts (MW) and a storage capacity of 11 megawatt hours (MWh) on the site of its power plant in Moerdijk, in the Netherlands. With … Continue reading RWE builds ultra-fast, innovative battery storage system in the Netherlands to help safeguard the grid
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Installed solar photovoltaic (PV) capacity has increased by 28% during 2023 in Spain
For the first time in history, in 2023, renewable energy in Spain has exceeded 50% of annual generation. The installed capacity of the generating park in Spain has increased by 5.2%, ending 2023 with 125,620 MW. The installed renewable capacity in the national electricity system has increased by 6.3 GW, which has allowed reaching a … Continue reading Installed solar photovoltaic (PV) capacity has increased by 28% during 2023 in Spain
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RWE marks major milestone with installation of HVDC Offshore Converter Platform for Sofia Offshore Wind Farm
RWE achieves key milestone with the installation of the Offshore Converter Platform at its Sofia Offshore Wind Farm – its first deployment of HVDC technology offshore. The installation represents the largest lift of its kind in the offshore wind industry, underscoring the successful collaboration between RWE, GE Vernova, and Seatrium. Sofia is RWE’s largest offshore … Continue reading RWE marks major milestone with installation of HVDC Offshore Converter Platform for Sofia Offshore Wind Farm
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