European electricity markets prices fell in the last week of August, supported by increased wind energy production combined with lower electricity demand and average temperatures. Weekly average prices for TTF gas and CO2 fell by 3.7% and 2.2% respectively, while Brent futures reached a settlement price of $88.55/bbl on September 1, the highest since November … Continue reading Wind energy contributed to lower prices on european electricity markets in the last week of august
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No energy transition without expanded electricity grid
Europe needs to invest more in its electricity grids. It needs to accelerate the build-out of transmission and distribution networks, reinforce existing grids and increase their flexibility. “No transition without more transmission” – without these critical investments Europe cannot deliver its energy security and climate targets. In a new one-pager WindEurope lays out its recommendations … Continue reading No energy transition without expanded electricity grid
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High prices of the beginning of the year and the end of 2022 return to European electricity markets
European electricity markets prices continued to rise in the fourth week of August due to low renewable energy production and increased demand. Some markets registered the highest daily prices since December 2022. Nevertheless, the MIBEL market of Spain and Portugal registered prices of €0/MWh at certain hours on Sunday, August 27, due to high wind … Continue reading High prices of the beginning of the year and the end of 2022 return to European electricity markets
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Avangrid develops Artificial Intelligence to maintain maximum grid quality
Iberdrola, through its US subsidiary Avangrid, has launched a Data Science and Analytics team to develop unique and proprietary Artificial Intelligence (AI) systems that will focus on improving the reliability of its grid and maintaining the highest quality standards for its customers. Once completed, these machine learning models will change the way the company approaches … Continue reading Avangrid develops Artificial Intelligence to maintain maximum grid quality
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Concentrated Solar Power, photovoltaic and wind energy production in the third week of August
Gas and CO2 prices and the fall in renewable energy support the rise in electricity markets prices. Prices in European electricity markets rose in the third week of August. The increase in gas and CO2 prices, together with the general decrease in wind energy production and the increase in demand due to higher average temperatures, … Continue reading Concentrated Solar Power, photovoltaic and wind energy production in the third week of August
Continue readingThe European electricity markets were impacted by higher gas prices in the second week of August
In the second week of August, gas futures rebounded, approaching €40/MWh on August 9. This, together with the fall in wind power production, favored prices increase in most European electricity markets. Even so, weekly averages for all markets were below €100/MWh, which has not happened since early June. On August 9, Brent futures reached the … Continue reading The European electricity markets were impacted by higher gas prices in the second week of August
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President Biden Remarks on Pattern Energy’s SunZia Wind and Transmission Project
On Aug 9th during remarks in Albuquerque, New Mexico President Biden highlighted Pattern Energy’s SunZia Transmission and Wind as the type of projects that are critical to driving our future economy and help the US meet it’s climate goals. As the largest energy infrastructure project in U.S. history, SunZia is poised to deliver impactful economic … Continue reading President Biden Remarks on Pattern Energy’s SunZia Wind and Transmission Project
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Pumped storage hydropower in China helping to integrate wind energy and solar power
China is building pumped-storage hydropower facilities to increase the flexibility of the power grid and accommodate growing wind and solar power. As of May 2023, China had 50 gigawatts (GW) of operational pumped-storage capacity, 30% of global capacity and more than any other country. China’s pumped-storage capacity is set to increase even more, with 89 GW of … Continue reading Pumped storage hydropower in China helping to integrate wind energy and solar power
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GE Vernova’s Grid Solutions to supply air-insulated substations to Casa dos Ventos’ Serra do Tigre Wind Complex in Brazil
— Grid Solutions, an integral part of the GE Vernova portfolio of energy businesses, has signed a contract with Casa dos Ventos, Brazilian renewable energy company and protagonist in the country’s energy transition, to construct two 500 kV air-insulated substations (AIS) for the Serra do Tigre Wind Complex in the municipalities of Currais Novos and … Continue reading GE Vernova’s Grid Solutions to supply air-insulated substations to Casa dos Ventos’ Serra do Tigre Wind Complex in Brazil
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How your electric car can help power the energy transition
It is common knowledge that electric vehicles (EVs) are cleaner alternatives to conventional vehicles. However, their role in the energy transition extends beyond cutting direct emissions, underlining their crucial importance. This is why policymakers across the globe are dedicating efforts to make the massive deployment of EVs a reality. Under the International Renewable Energy Agency’s … Continue reading How your electric car can help power the energy transition
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ACP Statement on Department of Energy Proposal to Establish Federal Permitting of Electric Transmission
Today, American Clean Power Association (ACP) Vice President of Markets & Transmission Carrie Zalewski released a statement on the U.S. Department of Energy’s proposed rule to establish federal permitting of electric transmission: “Expanding our electricity transmission system is necessary to be able to deliver the affordable, reliable clean energy that American homes and businesses need. … Continue reading ACP Statement on Department of Energy Proposal to Establish Federal Permitting of Electric Transmission
Continue readingCO2 prices and wind energy production drive European electricity markets prices down in early August
During the first week of August, the European electricity markets prices as a result of increased wind energy production, lower CO2 and gas prices, and lower electricity demand in some markets due to cooler average temperatures. On August 2, Spain recorded its second largest solar photovoltaic energy production to date. The Brent futures reached their … Continue reading CO2 prices and wind energy production drive European electricity markets prices down in early August
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EDP Renewables secures its first stand-alone battery storage project in Europe
Acquired from Tupa Energy, the project will provide 2 hours of storage capacity and will contribute with 50 MW of capacity; With this project, the company will support the grid resilience by providing stability and reliability and will allow for an increased penetration of renewables in the generation mix. EDP Renewables (Euronext: EDPR), a leading … Continue reading EDP Renewables secures its first stand-alone battery storage project in Europe
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The heat wave causes the largest demand in this year in Spain and Italy and raises prices in European markets
The high temperatures registered during the third week of July caused 2023 demand records in Spain and Italy on the 19th and increases in other markets. In France, the weekly photovoltaic energy production was the highest in history, but in most markets the solar and wind energy production fell. All these factors, together with the … Continue reading The heat wave causes the largest demand in this year in Spain and Italy and raises prices in European markets
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Agreement on the sale of Hornsea 2 transmission assets
Breesea Limited, Soundmark Wind Limited, and Sonningmay Wind Limited, a joint venture owned by Ørsted (50 %) and AXA IM Alts and Crédit Agricole Assurances (CAA) (jointly 50 %), today announced that they have signed an agreement on the sale of their transmission assets to Diamond Transmission Partners Hornsea Two Limited (‘DTP’).DTP is a partnership … Continue reading Agreement on the sale of Hornsea 2 transmission assets
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Breakthrough technologies for the energy transition
The scale of the opportunity for low-carbon technologies is mind-boggling. Eliminating emissions from a global energy system that today is 80% dependent on fossil fuels will require multiple low-carbon sources of energy to be developed, and fast. The US$70 trillion of investment that we estimate is up for grabs over the next three decades to … Continue reading Breakthrough technologies for the energy transition
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Declining electricity consumption in advanced economies is weighing on global demand growth this year
Overall growth in electricity demand worldwide is expected to ease in 2023 as advanced economies grapple with the ongoing effects of the global energy crisis and an economic slowdown, according to the IEA’s latest Electricity Market Report. The report’s July update, published today, finds that electricity demand in the United States is expected to decline … Continue reading Declining electricity consumption in advanced economies is weighing on global demand growth this year
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HVDC Transmission Systems: A Key Player in Offshore Wind Energy Integration
HVDC transmission systems have emerged as a key player in the integration of offshore wind energy, a development that is reshaping the global energy landscape. This is a significant advancement in the pursuit of renewable energy sources, as the world grapples with the urgent need to transition from fossil fuels to more sustainable alternatives. Offshore … Continue reading HVDC Transmission Systems: A Key Player in Offshore Wind Energy Integration
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Clean Energy Keeps Texas Grid Resilient During Heatwave
The clean energy industry made record contributions to the electric grid in Texas, powering – and cooling – Americans’ homes while keeping costs low during the most recent heatwave, according to an ACP analysis and the latest data available. Between June 19 and June 30, renewable resources delivered an average of 30% of the electric … Continue reading Clean Energy Keeps Texas Grid Resilient During Heatwave
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Fall in European electricity markets prices in the last week of June
In the last week of June, prices of European electricity markets fell after three consecutive weeks of increases. This behaviour was favoured by the increase in wind energy production in all markets. In addition, although prices of gas and CO2 registered an upward trend in the last days of the week, on average they were … Continue reading Fall in European electricity markets prices in the last week of June
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