In the first week of November, prices in the main European electricity markets rose, with most of their weekly averages exceeding €110/MWh. In some markets, hourly prices were the highest since 2022, and in others, the highest of this year. The increase in demand, as well as the decrease in wind energy production and photovoltaic … Continue reading Photovoltaic and wind energy in the first week of November
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In 12 months the renewables market has moved but governments have not
Tripling global renewables is the single biggest action the world can take for the climate this decade. An analysis of 2030 renewables targets shows that, while renewables markets are surging, governments have not updated renewables ambition in the lead-up to COP29. ? Download PDF Katye Altieri Electricity Transition Analyst (Global)Ember Oya Zaimoglu Data Analyst (2030 … Continue reading In 12 months the renewables market has moved but governments have not
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India adds 20 GW of solar photovoltaic and wind capacity in last 9 months
Capacity additions led by solar PV. India remains the leader in renewable energy, having added 20,146 gigawatts (GW) of solar PV and wind capacity in the first nine months of the year (9M 2024). According to JMK Research, solar PV accounted for the largest share of new capacity, at 17,444 megawatts (MW), while wind added … Continue reading India adds 20 GW of solar photovoltaic and wind capacity in last 9 months
Continue readingNDCs 3.0 a ‘Make or Break’ for Global Goal to Triple Renewables by 2030
Even if all COP announcements to date were to be fully implemented, a significant CO2 emission gap would still need to be closed by 2050, according to IRENA’s World Energy Transitions Outlook 2024. Released at the opening of the UN Climate Conference COP29 in Baku, Azerbaijan, the Agency’s 1.5°C Scenario outlines a net-zero path by … Continue reading NDCs 3.0 a ‘Make or Break’ for Global Goal to Triple Renewables by 2030
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What’s next for energy after the US elections?
President Trump plans a sharp change of direction. The US elections last week are set to transform the energy landscape, with the Republicans now in control of the presidency, the Senate, and likely the House of Representatives. They intend to set a new direction for energy policy, emphasising affordability and reliability over sustainability and climate. … Continue reading What’s next for energy after the US elections?
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Uzbekistan aims to have more than 18,000 MW of wind energy and photovoltaic solar power by 2030
By 2026, Uzbekistan plans to have 5,000 MW of photovoltaic (PV) and wind capacity, and by 2030 this figure is expected to exceed 18,000 MW. This would allow the country to produce 50 billion kWh of electricity per year, save 15 billion cubic meters of natural gas and avoid the emission of 21 million tons … Continue reading Uzbekistan aims to have more than 18,000 MW of wind energy and photovoltaic solar power by 2030
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The consequences of Donald Trump’s re-election for renewable energies such as wind power and photovoltaic
The transition to sustainable energy faces challenges as Trump outlines fossil fuel production strategies. He is a skeptic and an ignoramus when it comes to everything related to climate change, and nothing good can be expected from an already well-known character.Trump has already declared his hatred of wind energy by spreading lies and falsehoods again … Continue reading The consequences of Donald Trump’s re-election for renewable energies such as wind power and photovoltaic
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TE H2, Copenhagen Infrastructure Partners, and A.P. Møller Capital Partner for a Large-Scale Project in the Kingdom of Morocco
Under the presidency of His Majesty King Mohammed VI of Morocco and His Excellency Emmanuel Macron, President of the French Republic, the government of the Kingdom of Morocco and TE H2, along with its partners, signed a Preliminary Contract for Land Reservation for the ‘Chbika’ project. This agreement will allow TE H2, a joint venture … Continue reading TE H2, Copenhagen Infrastructure Partners, and A.P. Møller Capital Partner for a Large-Scale Project in the Kingdom of Morocco
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A second Trump administration, and what it means for energy and natural resources
The US has a President-elect with power to wield. A likely Republican trifecta would strengthen President-elect Donald Trump’s new administration across domestic and global affairs. Along with the White House, the GOP will have control of the Senate and (probably) the House of Representatives. President-elect Trump himself has declared he has a “mandate”, although he … Continue reading A second Trump administration, and what it means for energy and natural resources
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Germany sets new record for photovoltaic and wind power
Germany has accelerated the deployment of renewable energy, with record growth in solar photovoltaic power. Although currently lagging, wind power is expected to gain momentum in the future. From January to September, wind and solar exceeded fossil power generation for the first time in Germany, reaching a record 45% share. Germany is a leader in … Continue reading Germany sets new record for photovoltaic and wind power
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Harnessing Namibia’s high-quality renewable resources can accelerate the country’s socioeconomic development
New IEA report finds strong potential to deliver quality jobs and economic growth with supportive policies that unlock strategic investments in clean energy With robust policy support in place, renewable energy can become a cornerstone of Namibia’s sustainable development and economic growth, according to a new report from the International Energy Agency (IEA) published today. … Continue reading Harnessing Namibia’s high-quality renewable resources can accelerate the country’s socioeconomic development
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TotalEnergies hybrid photovoltaic and wind power at the Castejón thermal power plant
The Ramal Sur hybrid plant will consist of an 85.8 MW wind farm and a 44.72 MW photovoltaic park for hybridisation with the existing Castejón 1 combined cycle thermal power plant, of 424.91 MW.The Official State Gazette (BOE) on Tuesday published the announcement by the Department of Industry and Energy of the Government Delegation in … Continue reading TotalEnergies hybrid photovoltaic and wind power at the Castejón thermal power plant
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Solar photovoltaic and wind energy in the last week of October
End of October and beginning of November marked by rising prices in European electricity markets. In the last week of October, prices in most major European electricity markets increased compared to the previous week, with weekly averages exceeding €80/MWh. On November 4, some markets registered their highest hourly prices of the year. Photovoltaic energy reached … Continue reading Solar photovoltaic and wind energy in the last week of October
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Wind energy leads generation in Spain with 26.3% in October and photovoltaic reached 13.4%
During this month of October, renewables have generated 15.4% more than in the same period of the previous year and have accounted for 55.9% of the monthly mix. Wind energy leads the generation structure by producing 26.3% of the national total recorded in the month of October.National electricity demand experienced an increase of 1.9% in … Continue reading Wind energy leads generation in Spain with 26.3% in October and photovoltaic reached 13.4%
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East China county committed to develop comprehensive green energy industry
A worker checks equipment at a workshop of a wind power equipment company in Rudong County of Nantong City, east China’s Jiangsu Province, Nov. 2, 2024. In recent years, the coastal county of Rudong has developed a comprehensive green energy industry that integrates resource development, equipment manufacturing, and full utilization. The county has established offshore … Continue reading East China county committed to develop comprehensive green energy industry
Continue readingPhotovoltaic and wind energy in the fourth week of October
In the fourth week of October, TTF gas futures prices increased, reaching values not seen since November 2023. CO2 futures also rose. Wind energy production declined in most markets and demand increased in some markets. All these factors led to higher prices in most major European electricity markets. On October 22, photovoltaic energy registered the … Continue reading Photovoltaic and wind energy in the fourth week of October
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Global LCOE (levelized cost of electricity) competitiveness of wind power and photovoltaic (PV) is increasing
The cost competitiveness of these technologies varies significantly across regions, but overall, renewables are on track to overtake traditional fossil fuel sources. Wood Mackenzie has released five regional Levelised Cost of Electricity (LCOE) reports for 2024, which provide an in-depth analysis of the evolving electricity cost landscape across global markets. These reports, covering Asia Pacific … Continue reading Global LCOE (levelized cost of electricity) competitiveness of wind power and photovoltaic (PV) is increasing
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US 2023 photovoltaic, wind power, geothermal output up 200% from 2014
15 states had at least 30% power from renewables in 2023. Southeastern US sees surge in photovoltaic generation. The US generated about three times as much electricity from solar, wind and geothermal resources in 2023 than it did in 2014, a decade-long stretch that also saw the percentage of national retail power sales from these … Continue reading US 2023 photovoltaic, wind power, geothermal output up 200% from 2014
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Highest investment period boosts Iberdrola’s results to record levels
Strong operations underpin growth Increased financial strength Shareholder remuneration: record interim dividend: €0.23 per share, an increase of 14%. Record market capitalisation: Record stock market capitalisation highs (close to €90 billion). Improvement in year-end forecasts: 14% increase in full-year net profit, in line with the growth of the interim dividend. Accelerating the Strategic Plan and seizing … Continue reading Highest investment period boosts Iberdrola’s results to record levels
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EIB and Iberdrola sign 120 million loan for energy innovation projects in Spain
The European Investment Bank (EIB) today signed a EUR 120 million loan with Iberdrola to finance the development of energy technology research and innovation projects aimed at contributing to and accelerating the electrification and decarbonisation of the economy. The total investment associated with the project will be €250 million. The EIB funding will be used … Continue reading EIB and Iberdrola sign 120 million loan for energy innovation projects in Spain
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