Lower prices in the iberian electricity market, while prices rise in the rest of the european markets. In the third week of August, wind production together with the decrease in demand and average temperatures contributed to the drop in prices in the Iberian market of Spain and Portugal. In the rest of Europe’s major electricity … Continue reading Photovoltaic and wind energy in the third week of August
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China is rapidly expanding its battery fleet for wind power and photovoltaic, but needs to start using it
The average storage system runs only once every two days. The electricity market lacks incentives to fully use its capacity. The solution to encourage the use of these batteries could involve new reforms of its electricity market, according to BloombergNEF. “Having electricity prices that change at different times of day, something many provinces are testing, … Continue reading China is rapidly expanding its battery fleet for wind power and photovoltaic, but needs to start using it
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The challenges of photovoltaic and wind energy in Chile
Fifteen years ago, when the massive investment in solar and wind energy generation projects began to replace those produced with fossil fuels, it was not anticipated that their production would be greater than the storage and transmission capacity that the country has. The consequence: today part of a valuable cargo coming from the north and … Continue reading The challenges of photovoltaic and wind energy in Chile
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Iberdrola acquires €5 billion valued Electricity North West in the UK
Iberdrola has today signed an agreement to acquire 88% of Electricity North West (ENW) in the UK for an equity value of £2.1 billion (€2.5 billion). The deal values 100% of the company, including debt, at approximately €5 billion. This acquisition is consistent with Iberdrola’s strategy to invest in electricity networks and in countries with … Continue reading Iberdrola acquires €5 billion valued Electricity North West in the UK
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Solar photovoltaic (PV) and storage can stabilize the grid
There are many factors that affect the stability of an electrical network at any given time. The most common challenge is matching supply with demand. The amount of energy consumers need varies depending on the time of day and weather conditions or even a national holiday or major event. In the United States, for example, … Continue reading Solar photovoltaic (PV) and storage can stabilize the grid
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The Challenge of Wind Energy Grid Access
Obtaining access to the electrical grid is currently one of the main bottlenecks hindering the deployment of more renewable megawatts in Europe. And when I say grid access, I mean that the Transmission System Operator (TSO) of the corresponding country tells you how many megawatts and at which point of the grid you can connect … Continue reading The Challenge of Wind Energy Grid Access
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4,300 KM of giant submarine cable will send photovoltaic energy from Australia to Singapore
The largest photovoltaic energy transmission project in the world has just received approval from Australian environmental authorities. Known as “Australia-Asia Power Link”, this revolutionary initiative aims to send photovoltaic energy from Australia to Singapore through a 4,300 kilometer long submarine cable. Led by SunCable, the project promises to transform the way renewable energy is transmitted … Continue reading 4,300 KM of giant submarine cable will send photovoltaic energy from Australia to Singapore
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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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Photovoltaic and wind energy in the second week of July
In the second week of July, prices in the main European electricity markets rose compared to the previous week. These increases were favored by the drop in wind energy production and the increase in temperatures, which caused demand to rise in most markets. Almost all markets registered negative prices in some hours. Solar energy production … Continue reading Photovoltaic and wind energy in the second week of July
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Energy storage: global capacity to increase by 1 TW by 2033
Global energy storage capacity – excluding pumped hydropower – will increase by almost 1 TW between 2024 and 2033, representing an increase of 636%. Tax incentives and hybrid auctions will accelerate the expansion of the technology around the world. According to consulting firm Wood Mackenzie in its latest report, this makes this technology one of … Continue reading Energy storage: global capacity to increase by 1 TW by 2033
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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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Transatlantic Energy Highway: Is a Global Power Grid on the Horizon?
There are a great number of challenges standing between the current global energy landscape and decarbonization. Even though the installation of renewable energy production capacity is picking up speed, experts say that the growth rate is insufficient to achieve the goals set forth by the Paris Climate Agreement. However, in some places, the amount of … Continue reading Transatlantic Energy Highway: Is a Global Power Grid on the Horizon?
Continue readingSolar photovoltaic and wind energy in the third week of June
In the third week of June, prices in most major European electricity markets increased compared to the previous week. The main causes of this rise were the increase in average temperatures, which favored the increase in demand in most markets, as well as the generalized decrease in wind energy production and the decrease in solar … Continue reading Solar photovoltaic and wind energy in the third week of June
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US Energy Storage Market Sets Q1 Capacity Installation Record
The U.S. energy storage market set a first-quarter record for capacity installed in Q1 2024, with 1,265 megawatts (MW) deployed across all segments. This marks the highest storage capacity ever installed in a first quarter in the U.S., representing an 84% increase from Q1 2023. According to Wood Mackenzie and the American Clean Power Association’s … Continue reading US Energy Storage Market Sets Q1 Capacity Installation Record
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Pumping, ‘superbatteries’ for more wind power and photovoltaic energy
Energy companies have plans in different states of maturity to build up to 40 pumped hydroelectric plants with a power of 15,000 MW, triple those already operational in the country.The massive deployment of new renewable energy plants in Spain forces us to face major challenges for the reorganization of the electrical system. The intermittency of … Continue reading Pumping, ‘superbatteries’ for more wind power and photovoltaic energy
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Ørsted invests in battery energy storage system co-located with Hornsea 3 Offshore Wind Farm
Ørsted has taken final investment decision on a battery energy storage system, which will provide stability to the UK energy supply and reduce price volatility. The Tesla battery energy storage system will be installed on the same site as the onshore converter station for Ørsted’s Hornsea 3 Offshore Wind Farm in Swardeston, near Norwich, Norfolk, … Continue reading Ørsted invests in battery energy storage system co-located with Hornsea 3 Offshore Wind Farm
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Photovoltaic solar becomes the leading technology in the Spanish generation mix for the first time in May, with 23.8% of the total
Monthly production with renewables in our country represented 63% and technologies that do not emit CO2 equivalent reached a share of 81.4%: wind contributed 20.2% and photovoltaic 23.8%.The demand for electrical energy in Spain increases 1.1% in May. Electricity demand grows by 3.8% in the Balearic Islands and 2.8% in the Canary Islands, once the … Continue reading Photovoltaic solar becomes the leading technology in the Spanish generation mix for the first time in May, with 23.8% of the total
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Prices rise in European electricity markets due to gas and CO2 while photovoltaic energy continues to set records
In the week of May 20, prices in the main European electricity markets rose following increases in gas and CO2 prices. TTF gas and CO2 futures reached the highest values since the first half of December 2023 and January 2024, respectively. Even so, most markets registered negative hourly prices, primarily over the weekend. Solar photovoltaic … Continue reading Prices rise in European electricity markets due to gas and CO2 while photovoltaic energy continues to set records
Continue readingBattery storage begins to play a key role for US grids
California and Texas increasingly rely on storage to balance the grid. Other states will follow. Wind power and photovoltaics require storage to ensure supply “The future is already here — it’s just not very evenly distributed.” That observation, from the great science fiction writer William Gibson, often provides a useful framework for thinking about technological … Continue reading Battery storage begins to play a key role for US grids
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RWE signs Framework Agreements for HVDC systems with Hitachi Energy and Aibel to secure capacity for future offshore wind farms
RWE, one of the world’s leading players in offshore wind, signed Framework Agreements with Hitachi Energy and Aibel for the joint supply of three high-voltage direct current (HVDC) systems for RWE offshore wind farms. The agreements are long-term in nature as the secured HVDC systems are designated for offshore wind projects from RWE’s global development … Continue reading RWE signs Framework Agreements for HVDC systems with Hitachi Energy and Aibel to secure capacity for future offshore wind farms
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