Renewable energies could close the year representing more than 50% of the national mix, a historical maximum and almost nine percentage points higher than the 2022 quota. Wind and solar photovoltaics complete an exceptional year, with respective records for production and participation in the generation structure. According to estimates, 2023 is on track to be … Continue reading Wind energy and solar power break records and generate more than half of all electricity in Spain in 2023
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Gas, CO2 and European electricity market prices fall for second week in a row
In the second week of December, prices in most markets were lower than in the previous week. A mostly lower electricity demand combined with a second consecutive week of lower gas and CO2 futures prices, and increased solar energy production in most of the major European electricity markets led to the downward trend. Concentrayed Solar … Continue reading Gas, CO2 and European electricity market prices fall for second week in a row
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Statkraft to acquire major Loch Ness pumped storage hydro project
Statkraft, Europe’s largest renewable power generator, has agreed to acquire the Red John Pumped Storage Hydro Scheme, from Intelligent Land Investments Group (ILI). The 450MW scheme, first conceived in 2015, was granted consent by Scottish Government ministers in June 2021. The acquisition demonstrates Statkraft’s latest commitment to helping Scotland meet its renewable energy targets and … Continue reading Statkraft to acquire major Loch Ness pumped storage hydro project
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EDP is the world’s number 1 among electric utilities in the Dow Jones global sustainability indices
With a final score of 88 points, above average in the energy sector, EDP group, of which EDPR takes part, stands out as one of the world’s sustainability champions. EDP group, of which EDPR is part, has once again been recognized as the world’s most sustainable electric utility company by ranking first in the S&P … Continue reading EDP is the world’s number 1 among electric utilities in the Dow Jones global sustainability indices
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GlassPoint Introduces Advances in Concentrated Solar Power Technology That Reduce Solar Steam Costs by 30%
GlassPoint Unveils Technology Advancements Reducing Solar Steam Costs by 30% GlassPoint, the leader in decarbonizing industrial process heat, today unveiled a range of technology advances that drive a 30% reduction in the cost of solar steam. In addition, the company revealed a new Unify storage system which uses direct heat and ternary molten salts to … Continue reading GlassPoint Introduces Advances in Concentrated Solar Power Technology That Reduce Solar Steam Costs by 30%
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EU electricity market design deal will help restore investment certainty
Last night the European Parliament and the Council reached an agreement on the EU’s electricity market design revision. The deal is a good compromise which will help restore the confidence of renewables investors. Crucially it avoids permanently enshrining inframarginal revenue caps in the EU’s electricity market design. Europe needs more renewables as fast as possible. … Continue reading EU electricity market design deal will help restore investment certainty
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COP28 key takeaways: The challenges in accelerating the energy transition
There’s more than one measure of success. Our team was there and witnessed an organisational triumph. The sheer scale of COP28 signalled an event of global interest – over 100,000 attended, bigger than Burning Man, compared with about 10,000 at Kyoto in 1997. And it was inclusive, virtually every country and interest group on the … Continue reading COP28 key takeaways: The challenges in accelerating the energy transition
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Galileo Empower plans to invest €170 million for project development over 7 years with 6 GW already secured
A joint venture between Empower Renewables and Galileo Green Energy, named Galileo Empower Ltd. (“Galileo Empower” or the “Joint Venture”), is announcing a significant expansion of the partnership as it now targets an overall development pipeline of 10 GW across six key markets in Northern Europe, with the primary objective of delivering high quality renewable … Continue reading Galileo Empower plans to invest €170 million for project development over 7 years with 6 GW already secured
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US Energy Storage Installations Set New Record in Q3 2023
The U.S. storage market hit a new high in Q3 2023, installing the most capacity in a quarter to date with 7,322 megawatt hours (MWh) becoming operational in the third quarter of 2023. As outlined in the American Clean Power Association (ACP) and Wood Mackenzie’s latest US Energy Storage Monitor report, the U.S. grid-scale segment … Continue reading US Energy Storage Installations Set New Record in Q3 2023
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American Clean Power Honors Iowa Champions of Clean Energy
The American Clean Power Association (ACP) and Power Up Iowa (PUI) will honor U.S. Senator Chuck Grassley, Governor Kim Reynolds, and Iowa Economic Development Authority (IEDA) Director Debi Durham as Champions of Clean Energy. Thanks to their leadership, Iowa has increased diversification in agriculture income, generated substantial tax revenue for Iowa’s rural communities, and improved … Continue reading American Clean Power Honors Iowa Champions of Clean Energy
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EIA expects combined U.S. solar and wind power generation to surpass coal-fired generation in 2024
The U.S. Energy Information Administration (EIA) expects, for the first year on record, combined electricity generation from wind and solar to surpass generation from coal in 2024. EIA expects solar generation in 2024 to increase 39% (228 kilowatthours) from 2023, driven by continued increases in solar capacity. “Renewables, particularly solar photovoltaics, are growing rapidly and … Continue reading EIA expects combined U.S. solar and wind power generation to surpass coal-fired generation in 2024
Continue readingConcentrated Solar Power, photovoltaic, and wind energy in the first week of December
In the first week of December, gas prices declined, approaching levels seen in early October, before the Hamas attack on Israel. CO2 futures also declined. On December 8, they registered the lowest settlement price since October 2022. Wind energy production increased in most major European electricity markets. In this context, and with electricity demand generally … Continue reading Concentrated Solar Power, photovoltaic, and wind energy in the first week of December
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3 TWdc of new solar power PV installations between 2023 and 2032
Our latest quarterly global solar PV forecast has seen a 5% upgrade, projecting over 3 TWdc of new solar PV installations between 2023 and 2032. Decarbonisation and electrification commitments at a government and corporate level, along with expanding auction plans and rooftop solar mandates, are the main drivers behind this expansion. This, along with continued … Continue reading 3 TWdc of new solar power PV installations between 2023 and 2032
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Solar power has seen a remarkable increase in capacity worldwide
In 2010 it took an average of a month to install one gigawatt of solar capacity. By 2015, this pace quickened to a week, and in 2023, it is expected to exceed one gigawatt per day. In the last decade, the global solar power landscape has transformed dramatically, according to a summary by Solcellskollen. Looking … Continue reading Solar power has seen a remarkable increase in capacity worldwide
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U.S. Department of Energy Announces Clean Energy Achievements at COP28
This week, U.S. Deputy Secretary of Energy David M. Turk traveled to Dubai, United Arab Emirates for the 28th Conference of the Parties to the U.N. Framework Convention on Climate Change (COP28), where he led the U.S. energy delegation. The Department of Energy announced a range of initiatives – on issues from clean hydrogen and nuclear … Continue reading U.S. Department of Energy Announces Clean Energy Achievements at COP28
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Wind power and solar energy production continued to break records in Europe in November
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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