IN November, wind energy production reached record highs in France and Italy and was the highest for a November month in Germany. Solar production also broke records for a November month in Spain, Portugal, France and Italy. In this context, prices on the main European electricity markets remained stable, with prices rising in Nord Pool, … Continue reading Wind power and solar energy production continued to break records in Europe in November
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Getting auction design right will make or break the Net Zero Industry Act
Today the EU Member States agreed on their position for the upcoming negotiations with the European Parliament on the Net Zero Industry Act. The European Parliament adopted its own position in November. The Council and Parliament diverge on critical points as they head the final negotiations to be finalised by the end of Q1 2024. … Continue reading Getting auction design right will make or break the Net Zero Industry Act
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Dubai unveils world’s largest concentrated solar power project
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday unveiled the world’s largest concentrated solar power and photovoltaic power project in Dubai. On X platform, Sheikh Mohammed said, “Thank God we have launched the world’s largest concentrated solar power and photovoltaic power … Continue reading Dubai unveils world’s largest concentrated solar power project
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New Report Highlights Renewables as Climate Mitigation and Economic Diversification Opportunity for Gulf Countries
oday, the International Renewable Energy Agency (IRENA) unveiled a report on the progress of renewable energy in countries of the Gulf Cooperation Council (GCC). Renewable Energy Markets: GCC 2023 suggests that GCC countries can leverage existing resources to develop innovative renewable energy-based solutions not only to mitigate climate change, but also to diversify their economies, … Continue reading New Report Highlights Renewables as Climate Mitigation and Economic Diversification Opportunity for Gulf Countries
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The drop in temperatures boosted European electricity market prices in the last week of November
In the last week of November, prices in the main European electricity markets rose compared to the previous week. This increase was due to the drop in temperatures, which in most markets was more than 3°C, and which boosted electricity demand. In addition, renewable energy production was lower than the previous week. On November 30, … Continue reading The drop in temperatures boosted European electricity market prices in the last week of November
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Tripling renewables by 2030 is feasible and will mobilise investments of 2.2 trillion dollars per year
The Executive Chairman of Iberdrola, Ignacio Galán, assured this morning at COP28 that the objective of tripling the installed renewable capacity by 2030 is feasible. There are 118 countries that have already signed up to this objective at the Climate Summit being held in Dubai. They have also committed to double the energy efficiency ratio, … Continue reading Tripling renewables by 2030 is feasible and will mobilise investments of 2.2 trillion dollars per year
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China’s wind, solar and hydropower capacity exceeds 1.4 TW
China has become a global leader in renewable energy with total installed capacity exceeding 1.4 TW, a milestone that shows the country’s commitment to renewable energy. China’s National Energy Administration (NEA) announced last week that renewable energy now accounts for approximately 49.9% of the country’s total electricity generation capacity. According to the NEA, this impressive … Continue reading China’s wind, solar and hydropower capacity exceeds 1.4 TW
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IRENA and World Meteorological Organization Launch Report on Renewable Energy and Climate Variability
The International Renewable Energy Agency (IRENA) and World Meteorological Organization (WMO) have released their first joint report to strengthen understanding of renewable energy resources and their intricate relationship with climate variability and change. It seeks to inform policymaking and hasten the transition away from polluting fossil fuels and towards a cleaner, greener energy future. The … Continue reading IRENA and World Meteorological Organization Launch Report on Renewable Energy and Climate Variability
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Solar Power Poised to Dominate Global Renewable Energy Market
Solar power is set to emerge as the leading choice in renewable energy development worldwide by the end of this year, as increasing installation costs of other technologies drive up their prices. According to a report by Fitch Solutions, global renewable energy capacity is projected to expand by approximately 380 gigawatts (GW) in 2023, with … Continue reading Solar Power Poised to Dominate Global Renewable Energy Market
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Civil society must not wait for regulation, but lead the transition
“We are seeing a surge in renewableenergy and the substitution of fossil fuels in the electric system is within our grasp. The capitaland technology required are there and available, and the demand and the opportunity inrenewable energy is greater than ever.” said José Manuel Entrecanales, chairman and CEO ofACCIONA, during his involvement today in a … Continue reading Civil society must not wait for regulation, but lead the transition
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IRENA Call to Triple Renewables by 2030 Becomes a Key Commitment at COP28
At COP28 today, Heads of State agreed to triple global renewable energy capacity by 2030, aligning with the International Renewable Energy Agency’s (IRENA) World Energy Transitions Outlook on how to close the energy transition gap to stay on a 1.5°C Pathway. WETO underscores that tripling renewable energy and doubling energy efficiency by 2030 is the … Continue reading IRENA Call to Triple Renewables by 2030 Becomes a Key Commitment at COP28
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Heads of State Accelerate the Partnership for Renewables in Africa at COP28
Leaders of the ‘Accelerated Partnership for Renewables in Africa’ (APRA) gathered at the COP28 in Dubai today to drive a resilient and inclusive green growth in Africa through renewables. In a joint declaration, Kenya’s President William Samoei Ruto, Namibia’s Deputy-Prime Minister Netumbo Nandi-Ndaitwah, the Danish Prime Minister Mette Frederiksen and the German Chancelor Olaf Scholz … Continue reading Heads of State Accelerate the Partnership for Renewables in Africa at COP28
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COP28: The world needs to triple up on renewables
Against the dramatic backdrop of accelerating global warming, the UN Climate Conference, COP28 starts in United Arab Emirates this week. Statkraft’s main message is that we need to triple the renewable capacity. Rapid deployment of wind and solar power is the fastest and cheapest ways to reduce global emissions towards 2030. Statkraft is part of … Continue reading COP28: The world needs to triple up on renewables
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Acciona Energía announces the start of construction of the Aldoga solar power plant in Australia
ACCIONA Energía has announced today that the construction of the Aldoga Solar Farm in Australia, with a total capacity of 380MW and an associated investment of AU$500 million (€300 million), will commence in the first quarter of 2024. The Aldoga Solar Farm will be located 20 kilometers north-west of Gladstone on the central Queensland coast … Continue reading Acciona Energía announces the start of construction of the Aldoga solar power plant in Australia
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European solar power companies warn against import curbs
More than 400 companies involved in Europe’s solar power sector urged policymakers on Wednesday not to launch a trade investigation that could lead to EU tariffs on imported solar products. The call comes ahead of a meeting of solar industry chiefs, national ministers and the EU commissioner for the internal market, Thierry Breton, on Friday … Continue reading European solar power companies warn against import curbs
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Accelerated Energy Transition Can Add 40 million Energy Sector Jobs by 2050
Progressive policies are critical to boost the socio-economic benefits of the energy transition and spread them broadly across the world, a new report released by the International Renewable Energy Agency (IRENA) ahead of the UN Climate Conference COP28 in Dubai finds. Volume 2 of IRENA’s World Energy Transitions Outlook 2023, looks at the socio-economic impacts … Continue reading Accelerated Energy Transition Can Add 40 million Energy Sector Jobs by 2050
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EDP Renewables strengthens its role in Poland’s energy transition by being awarded a long-term contract in the latest tender
EDPR chosen by the public institutions to further generate clean electricity for the Polish grid, now through the Recz solar project; The company has recently inaugurated in Poland one of its largest PV plants in Europe and has implemented the first wind and solar hybrid park of the country. EDP Renewables (EDPR), a global leader … Continue reading EDP Renewables strengthens its role in Poland’s energy transition by being awarded a long-term contract in the latest tender
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The potential of Africa’s renewable energy to power the continent’s future
Africa has a huge renewable energy capacity of 2,000 gigawatts (GW), according to a recent report by Abu Dhabi Future Energy Company (Masdar) and PwC Middle East. This capacity has the potential to meet the basic energy needs of the local population, which will have a significant impact on electrification rates. As one of the … Continue reading The potential of Africa’s renewable energy to power the continent’s future
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RWE commits €55 billion to invest in wind energy
RWE AG has announced plans to significantly expand its investment in wind energy, despite the challenges facing the wider sector, including rising interest rates and inflation. During its recent Capital Markets Day in London, RWE revealed its commitment to invest €55 billion ($60.4 billion) in green technologies by 2030. A substantial part of this investment, … Continue reading RWE commits €55 billion to invest in wind energy
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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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