In 2023, the U.S. Department of Energy (DOE) made monumental strides in advancing the clean energy goals of the Biden-Harris Administration. Through hundreds of funding announcements to make clean energy more accessible in every state, investments in scientific research, historic groundbreakings, and celebratory ribbon cuttings, DOE has been hard at work to combat the climate … Continue reading U.S. Department of Energy Top Clean Energy Accomplishments in 2023
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Ingeteam and EIB sign €46 million loan to develop cutting-edge technology and new solutions for the energy transition
The European Investment Bank (EIB) and Ingeteam have signed a €46 million loan for a two-year investment plan covering the research, development and innovation (RDI) activities of the Spanish company specialised in electrical engineering and the development of electrical equipment, motors, generators and converters. The InvestEU-backed EIB loan will support research into developing new solutions enabling … Continue reading Ingeteam and EIB sign €46 million loan to develop cutting-edge technology and new solutions for the energy transition
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Acciona to develop one of Australia’s largest green power grids
ACEREZ, a consortium formed by ACCIONA, Cobra and Endeavour Energy, has signed an agreement with EnergyCo — the government agency responsible for developing Renewable Energy Zones (REZ) in New South Wales — to become the preferred network operator that will design, finance, build and operate the electric power transmission network in the Central-West Orana REZ. … Continue reading Acciona to develop one of Australia’s largest green power grids
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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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EU Grid Action Plan will help wind power, but urgent action needed on excessive connection queues
Today the EU Commission launched an Action Plan for Grids – a 14-point plan to modernise Europe’s electricity grid and prepare for the renewables-based electrification of the energy system. It says €584bn of new investments are required by 2030 to upgrade Europe’s grids. Absolutely. And these investments can’t come soon enough. The current grid can’t accommodate … Continue reading EU Grid Action Plan will help wind power, but urgent action needed on excessive connection queues
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ACP Statement on DOE Grant Funding in Support of Grid Expansion
The American Clean Power Association (ACP) released the following statement today from Vice President of Markets and Transmission Carrie Zalewski after the U.S. Department of Energy (DOE) announced $3.5 billion in federal grant funding to help support grid expansion in the U.S.: “This funding will help support the grid expansion America desperately needs to deploy … Continue reading ACP Statement on DOE Grant Funding in Support of Grid Expansion
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Lack of ambition and attention risks making electricity grids the weak link in clean energy transitions
Efforts to tackle climate change and ensure reliable supplies of electricity could be put at risk unless policy makers and companies quickly take action to improve and expand the world’s electricity grids, according to a special report released today by the IEA. Grids have formed the backbone of electricity systems for more than a century, … Continue reading Lack of ambition and attention risks making electricity grids the weak link in clean energy transitions
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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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Higher prices in the Iberian market in the third quarter, while the rest of European electricity markets registered declines
In the third quarter of 2023, average prices fell to below €100/MWh in most European electricity markets. Falling gas prices and lower electricity demand in some markets, combined with higher renewable energy production in most markets, contributed to lower prices. Solar photovoltaic energy production in the quarter was at record levels in Southern European markets … Continue reading Higher prices in the Iberian market in the third quarter, while the rest of European electricity markets registered declines
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The drop in the LCOE of solar and wind power drives the energy transition
Over the past decade, the LCOE (Levelized Cost Of Electricity) of renewable electricity generation technologies has dropped exponentially, driving the energy transition towards a 100% renewable system. The largest drops in LCOE since 2010 have been for onshore wind energy, 69%, solar photovoltaic energy, 89%, and offshore wind energy, 59%. This evolution of the renewable … Continue reading The drop in the LCOE of solar and wind power drives the energy transition
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GIC and Iberdrola close strategic alliance to develop transmission networks in Brazil for 456 million euros
Iberdrola and GIC, Singapore’s sovereign fund, and one of the world’s main institutional investors, have closed a strategic agreement to develop transmission networks in Brazil for 2.4 billion Brazilian reals (456 million euros). The agreement, which was first announced in April, now has the approval of both the National Electrical Energy Agency (ANEEL) and the … Continue reading GIC and Iberdrola close strategic alliance to develop transmission networks in Brazil for 456 million euros
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Offshore wind farm Hollandse Kust Zuid inaugurated. Vattenfall, BASF and Allianz showcase innovation and biodiversity
Dutch King Willem-Alexander officially inaugurated wind farm Hollandse Kust Zuid. To mark the occasion the king celebrated the completion of Vattenfall’s largest offshore windfarm to date together with executives of Vattenfall, BASF and Allianz on the beach of IJmuiden in front of a life-sized human turbine. The fossil free electricity generated from Hollandse Kust Zuid … Continue reading Offshore wind farm Hollandse Kust Zuid inaugurated. Vattenfall, BASF and Allianz showcase innovation and biodiversity
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Lower prices in European electricity markets thanks to increased wind energy production
In the third week of September, European electricity markets prices fell compared to the previous week. The decline was due to lower demand and a significant increase in wind energy production in several markets, which offset the increase in gas and CO2 prices. On September 25 TTF gas futures reached their highest level since early … Continue reading Lower prices in European electricity markets thanks to increased wind energy production
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$12 trillion to be spent on renewables and grid infrastructure in the U.S and Canada by 2050
New York, Sept. 25, 2023 – Federal and household spending on energy in the U.S. and Canada will drop sharply as the two countries reduce their reliance on fossil fuels, according to DNV’s Energy Transition Outlook North America. The new report explores the most likely energy future of the U.S and Canada to the middle of … Continue reading $12 trillion to be spent on renewables and grid infrastructure in the U.S and Canada by 2050
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U.S. Grid-Scale Energy Storage Installations Set New Record in Q2 2023
Across all segments of the industry, the U.S. energy storage market added 5,597 megawatt hours (MWh) in the second quarter of 2023, a new quarterly record. The grid-scale segment led the way with a record-breaking 5,109 MWh in Q2, beating the previous record in Q4 2021 by 5%, according to a new report released today. … Continue reading U.S. Grid-Scale Energy Storage Installations Set New Record in Q2 2023
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Biden-Harris Administration Announces $325 Million For Long-Duration Energy Storage Projects to Increase Grid Resilience and Protect America’s Communities
As part of President Biden’s Investing in America agenda, a key pillar of Bidenomics, the U.S. Department of Energy (DOE) today announced up to $325 million for 15 projects across 17 states and one tribal nation to accelerate the development of long-duration energy storage (LDES) technologies. Funded by President Biden’s Bipartisan Infrastructure Law, these demonstration … Continue reading Biden-Harris Administration Announces $325 Million For Long-Duration Energy Storage Projects to Increase Grid Resilience and Protect America’s Communities
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Biden-Harris Administration Releases Roadmap to Accelerate Offshore Wind Transmission and Improve Grid Resilience and Reliability
Interior and Energy Departments Release Comprehensive Transmission Action Plan to Unlock America’s Vast Potential of Atlantic Offshore Wind Energy. As part of President Biden’s Investing in America agenda, a key pillar of Bidenomics, today the Departments of the Interior and Energy released An Action Plan for Offshore Wind Transmission Development in the U.S. Atlantic Region, a set … Continue reading Biden-Harris Administration Releases Roadmap to Accelerate Offshore Wind Transmission and Improve Grid Resilience and Reliability
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Pattern Energy’s SunZia Transmission Project Receives Authorization to Begin Construction from U.S. Department of Interior
Largest clean energy infrastructure project in U.S. history receives Notice to Proceed, clearing way for SunZia to provide renewable power for 3 million Americans SunZia to create 2,000 jobs, generate over $20 billion in expected economic impact, and increase the reliability of the western grid Pattern Energy Group LP (Pattern Energy), a leader in renewable … Continue reading Pattern Energy’s SunZia Transmission Project Receives Authorization to Begin Construction from U.S. Department of Interior
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Concentrated Solar Power, photovoltaic and wind energy in August
In August 2023, prices in most European electricity markets increased, ranging between €90/MWh and €112/MWh. Higher gas prices, as well as lower solar energy production, contributed to these increases. On the other hand, Spain, Italy, France and Portugal registered all time records of photovoltaic and wind energy production for a month of August. Solar photovoltaic … Continue reading Concentrated Solar Power, photovoltaic and wind energy in August
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Investment in the grid and storage must match renewables growth
Global power supply is on course to double by 2050 to meet surging demand as electrification gathers pace. Renewables will take the lion’s share of new capacity, wind and solar’s share of supply increasing from 10% today to over 50% by 2050 in our Base Case Energy Transition Outlook. While renewables dominating power markets is … Continue reading Investment in the grid and storage must match renewables growth
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