he European Commission has proposed a targeted revision of the EU’s electricity market design. It makes Contracts-for-Difference the new norm for supporting renewables investments. It also allows investors to sell their electricity via Power Purchase Agreements or directly on the electricity market. And it actively supports the growth of PPAs. The Council and Parliament must … Continue reading EU electricity market design: Council and Parliament must stick to targeted reform
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Statkraft explores opportunities for its fast-growing EV charging business Mer
Statkraft, Europe’s largest generator of renewable energy, has started to explore the opportunity to invite new shareholders into the ownership structure of its fully-owned electric vehicle (EV) charging operator Mer, to support the company’s ambitious growth strategy. Statkraft, who will remain an active and committed majority shareholder in Mer, has engaged Carnegie and Skandinaviska Enskilda … Continue reading Statkraft explores opportunities for its fast-growing EV charging business Mer
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China’s electric vehicle and climate ambitions jeopardized by surging critical material prices
The adoption of electric vehicles (EVs) on a large scale is crucial for meeting the desired climate commitments, where affordability plays a vital role. However, the expected surge in prices of lithium, cobalt, nickel, and manganese, four critical materials in EV batteries, could hinder EV uptake. To explore these impacts in the context of China, … Continue reading China’s electric vehicle and climate ambitions jeopardized by surging critical material prices
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Iberdrola signs a strategic alliance with BP to accelerate the deployment of electric mobility
The companies plan a joint investment of €1 billion in 11,700 fast charging points, expanding the infrastructure necessary for the development of electric mobility in Spain and Portugal. Iberdrola and bp today signed a strategic alliance to accelerate the energy transition in sustainable mobility. The companies, which announced their intention to form a joint venture … Continue reading Iberdrola signs a strategic alliance with BP to accelerate the deployment of electric mobility
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Concentrated Solar Power, photovoltaic and wind energy in most European electricity markets
Second consecutive week of price falls in most European electricity markets. In the fourth week of February, prices of most European electricity markets fell compared to the previous week, influenced by the decrease in gas prices and the drop in demand in various European markets. On the other hand, on February 21, TTF gas futures … Continue reading Concentrated Solar Power, photovoltaic and wind energy in most European electricity markets
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ACP Statement on DOE National Transmission Needs Study
American Clean Power Association (ACP) released this statement following the Department of Energy (DOE) release of a National Transmission Needs Study: “DOE’s National Transmission Needs Study provides evidence of what the clean power industry knows from experience – America needs more transmission to unlock clean energy development, improve reliability, and deliver affordable electricity to customers.?DOE’s … Continue reading ACP Statement on DOE National Transmission Needs Study
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Germany to Interconnect 10 GW of Offshore Wind in North Sea
Transmission system operators, 50Hertz, Amprion, and TenneT, have, together with Germany’s Federal Ministry for Economic Affairs and Climate Protection, presented initial plans for interconnecting offshore wind farms in the North Sea. In the future, connection lines from offshore wind farms with a total output of 10 GW are to be inter-connected, the Ministry said. In … Continue reading Germany to Interconnect 10 GW of Offshore Wind in North Sea
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Decline in demand and gas prices lead to a fall in prices in European electricity markets
In the third week of February, prices of almost all European electricity markets fell compared to the previous week due to the decrease in demand and gas prices, as well as the increase in wind and solar energy production in some markets. On the other hand, TTF gas futures reached the lowest settlement price since … Continue reading Decline in demand and gas prices lead to a fall in prices in European electricity markets
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Q4 2022 Shows Positive Energy Storage Growth, But Policy and Market Headwinds Slow Clean Energy Potential
The American Clean Power Association (ACP) today released its Clean Power Quarterly Market Report – Q4 2022, which shows that the U.S. wind, solar, and battery storage sectors installed a total of 9.6 gigawatts (GW) of utility-scale clean power capacity last quarter – enough to power the equivalent of 2 million American homes with affordable, … Continue reading Q4 2022 Shows Positive Energy Storage Growth, But Policy and Market Headwinds Slow Clean Energy Potential
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Cencentrated solar power, wind power and PV in February
European electricity markets start February downwards helped by demand, renewable energy and gas. In the first week of February, prices of most European electricity markets fell compared to the previous week, favoured by the decrease in demand in most markets, a lower weekly average price of gas, general increases in solar energy production and rises … Continue reading Cencentrated solar power, wind power and PV in February
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Wind power generated 31.5% of electricity in Spain in January
The demand for electricity in Spain fell by 4.1% in January. Renewables such as concentrated solar power thermal, photovoltaic, hydraulic and wind energy generated 57.4%, up to 13,742 GWh of electricity generated during this month, the highest monthly production since records exist. Also, technologies free of CO2 equivalent emissions broke their own monthly mark by … Continue reading Wind power generated 31.5% of electricity in Spain in January
Continue readingConcentrated Solar Power, photovoltaic and wind energy in January
Winter temperatures finally arrive and prices rise in Europe. In the third week of January, prices of most European electricity markets increased compared to the previous week due to the increase in demand associated with the drop in temperatures. However, in the Spanish, Portuguese and Italian markets, where the wind energy production increased, price declines … Continue reading Concentrated Solar Power, photovoltaic and wind energy in January
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Collaborative Offshore Wind Transmission Planning Needed to Achieve Federal and State Clean Energy Goals
With dozens of offshore wind projects in the pipeline off U.S. shores, federal agencies, states, and grid operators must immediately begin collaborative planning to identify cost-effective transmission solutions to bring that power online, according to a Brattle Group report commissioned by American Clean Power Association (ACP) released today. The report titled The Benefit and Urgency … Continue reading Collaborative Offshore Wind Transmission Planning Needed to Achieve Federal and State Clean Energy Goals
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RWE secures lease agreements to develop Dogger Bank South offshore wind farm sites
Potential for 3 gigawatts awarded Agreement for Lease by The Crown Estate and will be RWE’s largest offshore wind power developments globally. Dogger Bank South (DBS) is made up of two 1.5 GW sites known as DBS East and DBS WestProjects are located over 100km off the north east coast of England and near to … Continue reading RWE secures lease agreements to develop Dogger Bank South offshore wind farm sites
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Concentrated Solar Power, photovoltaic and wind energy in 2022
Record gas and CO2 prices send electricity markets in 2022 at prices never seen before. In 2022, the annual electricity markets prices were the highest in history, exceeding €200/MWh in most cases. Gas and CO2 prices, which also registered records, were the main cause of the high electricity markets prices. During 2022, the installed solar … Continue reading Concentrated Solar Power, photovoltaic and wind energy in 2022
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Q3 U.S. Grid-Scale Energy Storage Market Sets New Record
The U.S. energy storage market grid-scale segment installed a record 4,733 megawatt-hours (MWh) in the third quarter of 2022, surpassing the previous quarterly high of 4,598 MWh in Q1 of 2021, according to a new report released today. On a single charge, this amount of battery storage could power over 150,000 U.S. homes for a … Continue reading Q3 U.S. Grid-Scale Energy Storage Market Sets New Record
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RWE successful in National Grid Pathfinder 3 competition
RWE, one of the UK’s leading electricity generators, has been successfully awarded a contract by the UK Electricity System Operator (ESO), through National Grid’s Pathfinder 3 competition. The programme is designed to help ensure the stability of the electricity network in targeted regions across England and Wales, enabling greater volumes of renewable energy projects to … Continue reading RWE successful in National Grid Pathfinder 3 competition
Continue readingAcciona Energía has signed an agreement with Qcells to acquire the battery energy storage project
ACCIONA Energía has signed an agreement with Qcells, a subsidiary of the South Korean industrial group Hanwha Corporation, to acquire the battery energy storage system (BESS) project Cunningham, the largest of its kind in Texas, scheduled for commissioning in the first quarter of 2023. The deal also includes the acquisition of a portfolio of over … Continue reading Acciona Energía has signed an agreement with Qcells to acquire the battery energy storage project
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Acciona Energía has launched the Vehicle to Grid (V2G) Balearic Islands project
ACCIONA Energía has set up the Vehicle to Grid (V2G) Balearic Islands project, creating the first bi-directional electric vehicle charging network to operate in Spain. This ecosystem is 100% renewable, and it will allow to use the electricity stored in the batteries of electric vehicles for self-consumption or to inject it back into the grid. … Continue reading Acciona Energía has launched the Vehicle to Grid (V2G) Balearic Islands project
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Iberdrola enhance the detection of incidents in its distribution networks
Iberdrola is strengthening one of its key business areas: distribution and transmission networks. Through its PERSEO start-up programme, the utility is seeking solutions that enable the early detection of incidents in the installations and equipment of the transformation centres responsible for modifying the voltage so that end users can make use of the energy. The … Continue reading Iberdrola enhance the detection of incidents in its distribution networks
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