Iberdrola receives new recognition from the World Bank, through its private sector investment arm – International Finance Corporation (IFC) –. The institution and the electricity company have signed a loan, linked to ESG criteria (environmental, social and corporate governance), of 300 million euros for renewable projects in countries that depend on fossil fuels, such as … Continue reading The World Bank grants a green loan of 300 million to Iberdrola for renewable projects in emerging countries
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Florida can be a leader in the use of wind power and solar energy
Florida has the potential to become a leader in the use of clean, renewable energy sources. With its abundance of sunshine and access to wind resources, the state can take advantage of these natural advantages to reduce its dependence on fossil fuels. Investing in renewable energy infrastructure not only benefits the environment but also creates … Continue reading Florida can be a leader in the use of wind power and solar energy
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Germany’s installed PV and wind power capacity increased by 17 GW in 2023
Germany added 2.9 GW of onshore wind power in 2023, more than the previous year. The total installed capacity at the end of 2023 was 60.9 GW. By 2030, installed capacity is expected to increase to 115 GW. To achieve this goal, 7.7 GW must be added each year in Germany. In 2023, the majority … Continue reading Germany’s installed PV and wind power capacity increased by 17 GW in 2023
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Electricity market prices return to 2021 levels in 2023 thanks to falling gas prices and the rise in renewable energy
In 2023, annual electricity market prices fell to levels similar to those of 2021, being mostly below €100/MWh. The drop in gas prices, together with the reduction in demand and the increase in renewable energy generation with respect to 2022, led to the decrease in electricity market prices. During 2023, installed solar and wind energy … Continue reading Electricity market prices return to 2021 levels in 2023 thanks to falling gas prices and the rise in renewable energy
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Brazil penalizes the import of photovoltaics
The increase in the import tax on photovoltaic solar panels, announced by Brazil in 2023, puts at risk the installation of 18 GW of solar plants, responsible for 540 thousand green jobs. This was stated by Rodrigo Sauaia, general director of ABSOLAR (Brazilian Photovoltaic Solar Energy Association), in an interview with Canal Solar. According to … Continue reading Brazil penalizes the import of photovoltaics
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The price of photovoltaic panels falls by 40% in 2023 in Brazil
The reduction in the final price for consumers of photovoltaic solar energy has been driven mainly by the increase in Chinese production capacity, which accounts for 90% of the world’s production of this photovoltaic equipment.The average 40% drop in the price of solar PV panels throughout 2023 in Brazil further increased the confidence of Brazilian … Continue reading The price of photovoltaic panels falls by 40% in 2023 in Brazil
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Wind power generated 23.5% of the electricity in Spain in 2023 and photovoltaics 14%
54.6% of the month’s electricity production was renewable and 78% free of CO2 equivalent emissions. It represents 24.6 percent more energy from renewable sources compared to December 2022.December closes a historic year for renewable energies, which have broken records for both production and participation in the national mix (50.4%).The peninsular demand was 3.7% higher in … Continue reading Wind power generated 23.5% of the electricity in Spain in 2023 and photovoltaics 14%
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What we’ve known about Indian Concentrated Solar Power tender in Q1 2024
It was reported that India will carry out a round of renewable energy bidding in the first quarter of 2024, which requires bidders to submit a program must contain more than 50% of the CSP capacity. This news got great attention in the past weeks on the possibility of CSP revival in India. But how … Continue reading What we’ve known about Indian Concentrated Solar Power tender in Q1 2024
Continue readingRepsol begins to produce renewable photovoltaic electricity in Andalusia
Repsol has started producing electricity at Sigma, its first renewable project in Andalusia. Located in Jerez de la Frontera (Cádiz), it is made up of five solar plants with a total installed capacity of 204 MW. With an investment of close to 150 million euros, the Arco 1, 2, 3, 4 and 5 make up the … Continue reading Repsol begins to produce renewable photovoltaic electricity in Andalusia
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Renewable energy fails in Southern Europe in the last week of the year
The last week of the year 2023 registered the expected drop in demand due to the Christmas holiday period. Increased solar energy production in countries such as Germany and France contributed to price declines in the EPEX SPOT market. However, wind and solar energy production fell in Italy and the Iberian Peninsula, contributing to price … Continue reading Renewable energy fails in Southern Europe in the last week of the year
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Cosin Solar completes heliostats on former Three Gorges Concentrated Solar Power project
The 100 MW Tower Concentrated Solar Power project, Jinta ZhongGuang was originally planned by the largest renewable energy firm in the world, Three Gorges Renewables, that built the 22 GW Three Gorges Dam. Cosin Solar bought the project from them after they failed to meet a milestone, and is now constructing it. On December 26, … Continue reading Cosin Solar completes heliostats on former Three Gorges Concentrated Solar Power project
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Brazil grows 8.4 GW of installed energy capacity in 2023
Brazil expanded its installed capacity of electrical energy by 8.4 gigawatts (GW) in 2023, and new plants from renewable wind and solar sources correspond to 90.4% of the growth, the Ministry of Mines and Energy reported this Tuesday. According to the ministry, the Brazilian electricity matrix reached 196.6 GW at the end of this year, … Continue reading Brazil grows 8.4 GW of installed energy capacity in 2023
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China’s largest floating photovoltaic power station on mining subsidence area fully operational
China’s largest floating photovoltaic (PV) power station, Anhui Fuyang Southern Wind-solar-storage Base floating PV power station, achieved full capacity grid connection on Wednesday. Located in Fuyang City of east China’s Anhui Province, the new PV power station is constructed in a flooded area once used for coal mining of 867 hectares, with an overall installed gross … Continue reading China’s largest floating photovoltaic power station on mining subsidence area fully operational
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China strengthens solar and wind energy to boost green development
In the first half of this year, China’s installed capacity of renewable energy surpassed that of coal power for the first time in its history, indicating a change in the country’s energy structure. Renewable energy installed capacity continued to grow in the second half of 2023, accounting for about half of the total installed capacity … Continue reading China strengthens solar and wind energy to boost green development
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Iberdrola to install Spain’s first hybrid hydroelectric and solar plant
Iberdrola España has obtained environmental approval for Spain’s first hybrid photovoltaic and hydroelectric plantExternal link, opens in new window. with the publication of the Environmental Impact Statement (EIS) in the Official State Gazette (BOE). Called HIDRO Cedillo, the project will be located in Cedillo (Extremadura) and will have a capacity of 86.4 megawatts (MW) with … Continue reading Iberdrola to install Spain’s first hybrid hydroelectric and solar plant
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Chile, 17 hours of storage with Concentrated Solar Power
In the Atacama Desert, the driest in the world located in northern Chile, the only Concentrated Solar Power tower in Latin America operates, a symbol of an energy revolution in the making against climate change. Aerial view of Cerro Dominador, the first concentrated solar power plant in Latin America, in Antofagasta, Chile. The imposing 240-meter … Continue reading Chile, 17 hours of storage with Concentrated Solar Power
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U.S. Department of Energy Top Clean Energy Accomplishments in 2023
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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ACP Statement on Administration Guidance for Green Hydrogen Tax Credits
The American Clean Power Association (ACP) released the following statement from ACP Chief Executive Officer Jason Grumet after the U.S. Treasury Department released proposed guidance on clean energy investment and production tax credits for green hydrogen projects: “The Biden Administration’s proposal attempts to launch a green hydrogen industry while guarding against any possibility of emissions … Continue reading ACP Statement on Administration Guidance for Green Hydrogen Tax Credits
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Solar power and on-shore wind energy provide cheapest electricity and nuclear most expensive
Estimates show small modular nuclear reactors would provide most expensive power and will not be available until 2030.Electricity generated by solar and on-shore wind is the cheapest in Australia, even after the significant expense of integrating them into the power grid is factored in, according to new analysis from the CSIRO. Estimates of costs to … Continue reading Solar power and on-shore wind energy provide cheapest electricity and nuclear most expensive
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Iberdrola signs its largest ever credit line for €5.3 billion with 33 banks
Iberdrola continues to strengthen its liquidity position, confirming today that it has refinanced €5.3 billion by signing its largest ever credit facility. The agreement, signed with 33 international banks, also helps to consolidate its leadership in sustainable financing, with the conditions of the facility linked to of a series of ESG objectives. The operation has … Continue reading Iberdrola signs its largest ever credit line for €5.3 billion with 33 banks
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