2023 marks another record year for solar PV in the EU, with 55.9 GW installed across the 27 Member States, showing a 40% growth from 2022 and a doubling of the market in just two years. This is the third year in a row that the EU market breaks its previous record, as well as … Continue reading How did the photovoltaic sector performed in 2023?
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China promotes expansion of wind and photovoltaic capacity: IEA
China had a key role to play in the world’s rapid expansion of renewable power generation capacity last year, the International Energy Agency said.It more than doubled solar photovoltaic capacity last year, and wind power capacity rose by 66 per cent YoY. Almost half of China’s electricity generation will come from renewable sources by 2028, … Continue reading China promotes expansion of wind and photovoltaic capacity: IEA
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South Africa’s big plan to end load shedding is seriously flawed
South Africa experienced unprecedented electricity shortages in 2023 as ageing coal plants became increasingly prone to breakdowns. The country urgently needs to develop new electricity generation facilities and reduce reliance on coal power. In the first week of 2024, the South African energy minister, Gwede Mantashe, released a proposed roadmap for the future of electricity in South … Continue reading South Africa’s big plan to end load shedding is seriously flawed
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Top solar manufacturers of 2023: Module shipment rankings for Q1-Q3
Entering the third quarter, the solar industry experiences fluctuations in prices along the supply chain, influencing the bidding dynamics. Despite the challenges posed by inventory management and supply-demand imbalances, leading PV module manufacturers continue to dominate the landscape, showcasing their prowess in securing tenders and influencing market trends. Notable companies such as JinkoSolar, LONGi, and … Continue reading Top solar manufacturers of 2023: Module shipment rankings for Q1-Q3
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Nuclear energy remains far behind photovoltaics and wind in China
Once again, China’s nuclear program barely added any capacity, only 1.2 GW, while wind and solar between them added about 278 GW. Even with the capacity factor difference, the nuclear additions only mean about 7 TWh of new low carbon generation per year, while wind and solar between them will contributed about 427 TWh annually, … Continue reading Nuclear energy remains far behind photovoltaics and wind in China
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Massive expansion of renewable power opens door to achieving global tripling goal set at COP28
World added 50% more renewable capacity in 2023 than in 2022 and next 5 years will see fastest growth yet, but lack of financing for emerging and developing economies is key issue Renewables 2023 Explore report Read the report At the COP28 climate change conference in Dubai, more than 130 national governments including the European … Continue reading Massive expansion of renewable power opens door to achieving global tripling goal set at COP28
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China inaugurates 6,000 megawatt of wind power, photovoltaic and battery in one plant
the inauguration of a mega power plant that combines lithium batteries, photovoltaics and wind. Located in Shanxi province, the plant represents an investment of 55 billion yuan (about $7.7 billion) and is a milestone in the country’s transition towards more sustainable energy sources.The megaplant, run by state-owned company Jinneng, is designed to generate 6 gigawatts … Continue reading China inaugurates 6,000 megawatt of wind power, photovoltaic and battery in one plant
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80 gigawatts of photovoltaic solar power will come online over the next two years, increasing U.S. solar generating capacity by 84%
EIA expects two years of significant growth in solar electric generation in the United States. The U.S. Energy Information Administration (EIA) expects solar electric generation will account for 7% of total U.S. electricity generation in 2025, up from 4% in 2023, according to its January Short-Term Energy Outlook (STEO). Developers have reported that almost 80 … Continue reading 80 gigawatts of photovoltaic solar power will come online over the next two years, increasing U.S. solar generating capacity by 84%
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Naturgy begins its second photovoltaic in the United States
The Grimes project, with an investment of more than 285 million euros, will have a power of 210 MW that will supply renewable energy to more than 140,000 homes in the State of Texas. Naturgy continues to grow in the US with the start of construction of the Grimes project, its second large photovoltaic installation … Continue reading Naturgy begins its second photovoltaic in the United States
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Photovoltaic solar power will supply almost all growth in U.S. electricity generation through 2025
We expect solar electric generation will be the leading source of growth in the U.S. electric power sector. In our January Short-Term Energy Outlook (STEO), which contains new forecast data through December 2025, we forecast new capacity will boost the solar share of total generation to 5.6% in 2024 and 7.0% in 2025, up from … Continue reading Photovoltaic solar power will supply almost all growth in U.S. electricity generation through 2025
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European electricity market prices start 2024 up, pushed by demand, while wind energy causes declines in the south
In the first week of 2024, increased demand drove prices higher in most European electricity markets. However, in Spain, Portugal and Italy, prices decreased due to a significant increase in wind energy production. On January 2, France reached a daily wind energy production record of 402 GWh. On that day, Front?Month futures of TTF gas in … Continue reading European electricity market prices start 2024 up, pushed by demand, while wind energy causes declines in the south
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EDP Renewables starts production of its first photovoltaic project in the Netherlands
Developed by Kronos Solar EDPR, this marks the initial step of EDPR’s plan to install close to 100 MWp in the country over the next few months. EDP Renewables (EDPR), a leading developer of renewable energy worldwide, has taken another step in its commitment to speed up the European energy transition by starting operation of … Continue reading EDP Renewables starts production of its first photovoltaic project in the Netherlands
Continue readingAcciona Energía completes its first wind-solar hybrid plant
Located in the municipalities of Villalba del Rey and Tinajas (Cuenca), the new 29.4MW photovoltaic facility joins an existing 36MW wind power complex. ACCIONA Energía has completed its first hybrid renewable energy plant with the construction of a 29.4MW photovoltaic plant on the site of the existing Escepar wind farm (36MW), located in the municipalities … Continue reading Acciona Energía completes its first wind-solar hybrid plant
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Statkraft is planning record investments in Norwegian hydro and wind power
tatkraft, Europe’s largest renewable energy generator, is planning to invest up to six billion euros in upgrades to its Norwegian hydro and wind power facilities and construction of new onshore wind farms. ”Today, Statkraft is presenting the largest investment program of its kind in hydro- and wind power in Norway for decades. This will be … Continue reading Statkraft is planning record investments in Norwegian hydro and wind power
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The World Bank grants a green loan of 300 million to Iberdrola for renewable projects in emerging countries
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
Continue readingElectricity 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
Continue readingBrazil 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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