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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Photovoltaic and wind power in the third week of October
European electricity market prices rise in the third week of October due to lower renewable energy production and higher demand. In the third week of October, prices in the main European electricity markets remained at similar levels to those observed during the month. Most markets registered higher weekly averages than those of the previous week, … Continue reading Photovoltaic and wind power in the third week of October
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Türkiye aims to increase wind energy and photovoltaic
Türkiye is setting ambitious goals for its energy sector, with plans to raise the share of renewable energy in electricity production to 47.8% by 2025, according to the Ministry of Energy and Natural Resources’ 2025 budget proposal. The ministry also targets a reduction in natural gas’s contribution to electricity production to 18.9%.Expansion of renewable energy … Continue reading Türkiye aims to increase wind energy and photovoltaic
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Clean energy: The biggest opportunity on the planet
In the little over four years since Ember launched, the global energy landscape has undergone a seismic shift. And with that, so too must the way we talk about the energy transition. What follows is a reflection on how our thinking has evolved – and why we’re more energised than ever about what’s coming next. … Continue reading Clean energy: The biggest opportunity on the planet
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Photovoltaic, wind power projects of over 10 GW in Albania await grid access
Albania’s Transmission System Operator (OST) said in its report for 2023 that developers of 133 wind power and photovoltaic solar projects applied for grid connections. Their total planned capacity is just under 10.5 GW. However, the state-owned company signed only three contracts. Wind energy and photovoltaic solar power plant projects in Albania have by far … Continue reading Photovoltaic, wind power projects of over 10 GW in Albania await grid access
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Geopolitical tensions are laying bare fragilities in the global energy system, reinforcing need for faster expansion of photovoltaic and wind energy
World Energy Outlook 2024 shows critical choices facing governments and consumers as period of more ample supplies nears and surging electricity demand reshapes energy security Regional conflicts and geopolitical strains are highlighting significant fragilities in today’s global energy system, making clear the need for stronger policies and greater investments to accelerate and expand the transition … Continue reading Geopolitical tensions are laying bare fragilities in the global energy system, reinforcing need for faster expansion of photovoltaic and wind energy
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The combined accumulated power of wind and photovoltaic energy grows by 12.7% in 2023 in Spain
Wind power, solar photovoltaic and concentrated solar power (CSP) sources reached a combined accumulated power of 59,106 megawatts (MW) in 2023, which represents an increase of 12.7% compared to the previous year, according to the DBK Sector Observatory of Informa, a subsidiary of Cesce.The study reflects that in 2023 the upward trend in installed renewable … Continue reading The combined accumulated power of wind and photovoltaic energy grows by 12.7% in 2023 in Spain
Continue readingThe recovery of wind energy production in Europe in the second week of October favors the price fall in the electricity markets
In the second week of October, wind energy production in most major European markets recovered after the previous week’s falls, favoring weekly price declines in most electricity markets. On an hourly basis, some markets registered negative prices, while others registered the highest prices since at least February 2024. In Italy, photovoltaic energy production reached a … Continue reading The recovery of wind energy production in Europe in the second week of October favors the price fall in the electricity markets
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Galán confirms Iberdrola’s commitment to the UK at the International Investment Summit with Starmer
Iberdrola is consolidating its position as one of the major companies in the United Kingdom, and its Executive Chairman Ignacio Galán, in the context of the new British government’s first international investment summit, met with the country’s Prime Minister, Keir Starmer, and other members of the Government to present the electricity company’s new roadmap in the … Continue reading Galán confirms Iberdrola’s commitment to the UK at the International Investment Summit with Starmer
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Ecuador needs to boost photovoltaic and wind power to reduce dependence on hydroelectric energy
Renewable energies, such as solar photovoltaic, wind, hydroelectric, geothermal and biomass, lead the energy transformation worldwide. The main objective is to reduce dependence on fossil fuels and mitigate environmental impact. Diversification is key. According to data from the National Electricity Operator (Cenace), 72% of Ecuador’s energy depends on water. This dependence has led to the … Continue reading Ecuador needs to boost photovoltaic and wind power to reduce dependence on hydroelectric energy
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Tracking progress toward tripling renewable energy capacity and doubling energy efficiency by 2030
A key aspect of the text of the Outcome of the First Global Stocktake was the explicit recognition of the role of renewable energy in rapidly and drastically reducing global greenhouse gas emissions to align the world with a 1.5°C-compatible pathway. To this end, the text called on all Parties to the Convention to contribute … Continue reading Tracking progress toward tripling renewable energy capacity and doubling energy efficiency by 2030
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Massive global growth of renewables to 2030 is set to match entire power capacity of major economies today, moving world closer to tripling goal
With photovoltaic solar leading their rapid deployment, renewables are on course to meet almost half of global electricity demand by the end of this decade, new IEA report says Due to supportive policies and favourable economics, the world’s renewable power capacity is expected to surge over the rest of this decade, with global additions on … Continue reading Massive global growth of renewables to 2030 is set to match entire power capacity of major economies today, moving world closer to tripling goal
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Energy storage, essential for photovoltaics and wind power, is a solved problem
There are thousands of extraordinarily good pumped hydro storage sites around the world with an extraordinarily low investment cost. When combined with batteries, the resulting hybrid system has large energy storage, low cost for both energy and power, and fast response. Storage is a solved problem. In 2023, twice as much solar generation capacity was … Continue reading Energy storage, essential for photovoltaics and wind power, is a solved problem
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Photovoltaic and wind energy in the first week of October
In the first week of October, TTF gas futures prices for the Front?Month rose, reaching the highest settlement price since early December, above €40/MWh, on Friday, October 4. Rising gas prices, together with declining renewable energy production and rising demand in most markets, boosted prices in most European electricity markets. Photovoltaic energy reached production records … Continue reading Photovoltaic and wind energy in the first week of October
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Brazil’s electricity supply to 2024 is expected to increase by 7.8 GW between photovoltaic and wind energy
In September, the National Electric Energy Agency (ANEEL) recorded an increase of 711.33 megawatts (MW) in the country’s installed electricity generation capacity, an advance that contributed to a growth of 7.8 gigawatts (GW) in the electricity matrix throughout 2024. From January to September, 219 plants came into operation, of which approximately 90% are wind and … Continue reading Brazil’s electricity supply to 2024 is expected to increase by 7.8 GW between photovoltaic and wind energy
Continue readingSpain approves 2.56 GW for 32 photovoltaic and hybrid wind and battery projects (BESS) in September
The Official State Gazette contains announcements for the month of September of 32 photovoltaic and hybrid wind and battery projects (BESS).Application for the declaration of public utility of the Maira Beta Group Photovoltaic Plant of 140.127 MW and its evacuation infrastructures, in the municipal terms of La Vid de Bureba, Berzosa de Bureba, Vileña, Grisaleña, … Continue reading Spain approves 2.56 GW for 32 photovoltaic and hybrid wind and battery projects (BESS) in September
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Spain authorised 10,060.8 MW of photovoltaic (PV) and 2,237.1 MW of wind energy in the third quarter
A total of 263 renewable energy projects, with an aggregate capacity of 12,299.5 MW, have obtained administrative authorisation throughout the third quarter of the year. This is stated in a report by the Foro Sella Renewable Energy Observatory, prepared by Opina 360, which for the first time collects data from both the Official State Gazette … Continue reading Spain authorised 10,060.8 MW of photovoltaic (PV) and 2,237.1 MW of wind energy in the third quarter
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Impact of hybridisation of renewable energy and batteries on the energy transition and PPA
Hybridisation of batteries and renewable energy not only improves the technical efficiency of projects but also provides significant advantages in the PPA field, both for producers and buyers. With this growing trend, the future of energy storage and management is shaping up to be one of the most strategic pillars for decarbonising the European energy … Continue reading Impact of hybridisation of renewable energy and batteries on the energy transition and PPA
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Wind energy (21.1%) and photovoltaic (19.5%) dominate electricity generation in September in Spain
During this month of September, renewables have generated 33% more than in the same period of the previous year and have accounted for 53% of the monthly mix. National electricity demand experienced an increase of 3.1% in September compared to the same month of the previous year, once the effects of temperature and working hours … Continue reading Wind energy (21.1%) and photovoltaic (19.5%) dominate electricity generation in September in Spain
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European wind energy production reached records for September
In the last week of September, wind energy production increased in the main European markets and registered historical daily production records for September in several markets. This favored the decline in electricity market prices, even though gas and CO2 prices increased during the week. Solar photovoltaic energy production declined in most markets with the arrival … Continue reading European wind energy production reached records for September
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