New York, Sept. 25, 2023 – Federal and household spending on energy in the U.S. and Canada will drop sharply as the two countries reduce their reliance on fossil fuels, according to DNV’s Energy Transition Outlook North America. The new report explores the most likely energy future of the U.S and Canada to the middle of … Continue reading $12 trillion to be spent on renewables and grid infrastructure in the U.S and Canada by 2050
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Cubico acquires 121MW of wind power and solar in Uruguay
Cubico acquired 121MW of wind and solar projects in Uruguay from Brookfield for an unspecified amount.The renewable energy investor said he completed the acquisition of the 52 MW Carape I and 43 MW Carape II wind farms in Maldonado; and the 26MW Alto Cielo photovoltaic solar plant in Artigas.The latest agreement increases Cubico’s renewable energy … Continue reading Cubico acquires 121MW of wind power and solar in Uruguay
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Integrated Renewables Strategy Will Deliver Bosnia and Herzegovina’s Energy Security, Prosperity
Despite being a net electricity exporter, Bosnia and Herzegovina (BiH) bears the heavy cost of air pollution and health impacts due to the dominance of fossil fuels in its current energy mix. The Renewables Readiness Assessment: Bosnia and Herzegovina finds that integrated short- and long-term strategies that aim to increase the share of diverse renewables … Continue reading Integrated Renewables Strategy Will Deliver Bosnia and Herzegovina’s Energy Security, Prosperity
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U.S. Grid-Scale Energy Storage Installations Set New Record in Q2 2023
Across all segments of the industry, the U.S. energy storage market added 5,597 megawatt hours (MWh) in the second quarter of 2023, a new quarterly record. The grid-scale segment led the way with a record-breaking 5,109 MWh in Q2, beating the previous record in Q4 2021 by 5%, according to a new report released today. … Continue reading U.S. Grid-Scale Energy Storage Installations Set New Record in Q2 2023
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Biden-Harris Administration Announces $325 Million For Long-Duration Energy Storage Projects to Increase Grid Resilience and Protect America’s Communities
As part of President Biden’s Investing in America agenda, a key pillar of Bidenomics, the U.S. Department of Energy (DOE) today announced up to $325 million for 15 projects across 17 states and one tribal nation to accelerate the development of long-duration energy storage (LDES) technologies. Funded by President Biden’s Bipartisan Infrastructure Law, these demonstration … Continue reading Biden-Harris Administration Announces $325 Million For Long-Duration Energy Storage Projects to Increase Grid Resilience and Protect America’s Communities
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RWE gives green light for utility-scale battery storage project in the Netherlands
RWE is further expanding its battery storage business worldwide. The company has now finalised its investment decision for a Dutch battery storage project with an installed power capacity of 35 megawatts (MW) and a storage capacity of 41 megawatt-hours (MWh). A total of 110 lithium-ion battery racks are to be installed at RWE’s biomass plant in … Continue reading RWE gives green light for utility-scale battery storage project in the Netherlands
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Solar-thermal Fuels and Thermal Energy Storage via Concentrated Solar Power
The U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO) announced the Solar-thermal Fuels and Thermal Energy Storage Via Concentrated Solar-thermal Energy funding opportunity, which will award $30 million for projects to produce fuels via renewable energy resources and improve thermal energy storage technologies. The research, development, and demonstration projects resulting from this funding … Continue reading Solar-thermal Fuels and Thermal Energy Storage via Concentrated Solar Power
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Spain brings solar PPA to lead Europe
PPA are booming as a tool in the energy transition. PPA allow renewable energy producers to guarantee the long?term sale of their production, facilitating financing. In turn, consumers ensure a supply at agreed prices, avoiding market volatility and demonstrating their commitment to the environment. Spain has brought solar PPA to lead in Europe. AleaGreen facilitates … Continue reading Spain brings solar PPA to lead Europe
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IRENA Innovation Week Spurs Renewable Solutions to Decarbonise End-use Sectors
Leading companies, innovators and policymakers are convening at the 2023 edition of the IRENA Innovation Week from 25-28 September in Bonn to drive ground-breaking innovative renewable solutions that cut CO2 emissions in end-uses and accelerate the global energy transition. According to IRENA, innovation is critical to ensuring that countries can reap the benefits of low-cost renewables … Continue reading IRENA Innovation Week Spurs Renewable Solutions to Decarbonise End-use Sectors
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Biden-Harris Administration Announces $72 Million to Innovate Manufacturing and Accelerate Deployment of Wind and Water Energy Technologies
As part of President Biden’s Investing in America agenda, a key pillar of Bidenomics, the U.S. Department of Energy (DOE) today announced $72 million for three sets of projects that will innovate manufacturing processes for wind and water technologies and accelerate the equitable and sustainable deployment of offshore and land-based wind energy. This funding includes … Continue reading Biden-Harris Administration Announces $72 Million to Innovate Manufacturing and Accelerate Deployment of Wind and Water Energy Technologies
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European energy markets heading into fall with price rises
In the second week of September, European electricity markets prices rose compared to the previous week. On the 11th, some markets registered hourly prices above €300/MWh, the highest since December. The increase was driven by higher demand and gas prices, as well as lower renewable energy production in some markets. On the 15th, Brent futures … Continue reading European energy markets heading into fall with price rises
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EIA is changing how it accounts for primary energy consumption of electricity generation from solar, wind, hydropower, and geothermal
The U.S. Energy Information Administration (EIA) is changing its methodology for calculating primary energy consumption of electricity generation from noncombustible renewable energy sources—solar, wind, hydroelectric power, and geothermal. When EIA publishes its Monthly Energy Review on September 26, it will use a methodology known as the captured energy approach to calculate renewable energy consumption for … Continue reading EIA is changing how it accounts for primary energy consumption of electricity generation from solar, wind, hydropower, and geothermal
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Why Public Financing Needs to Be Centre Stage for Universal Energy Access
The latest Tracking SDG 7 report offers yet another sobering reminder of the lack of progress on electricity and clean cooking targets. In 2021, over 675 million people were living without electricity access, and billions more were without reliable access. Meanwhile, about 2.3 billion people rely on traditional fuels for cooking. Under a business-as-usual scenario, by … Continue reading Why Public Financing Needs to Be Centre Stage for Universal Energy Access
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Ingeteam consolidates its presence in Chile with a supply that will provide energy to some 170,000 households
Ingeteam will supply 164 solar photovoltaic inverters to Grenergy for the Gran Teno and Tamango photovoltaic projects. The projects, which will be commissioned in the coming months, will generate clean energy to supply around 170,000 Chilean households, as well as contributing to the reduction of annual CO2 emissions by more than 175,000 tons. In its … Continue reading Ingeteam consolidates its presence in Chile with a supply that will provide energy to some 170,000 households
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Ørsted and Terra Solar team up to develop 400 MW portfolio of solar energy in Ireland
Ørsted has announced the development of a portfolio of Irish solar projects in a partnership with renewable energy developer Terra Solar, headquartered at NovaUCD in Dublin. With a capacity of up to 400 MW, the projects have the potential to power over 90,000 Irish homes. This latest partnership brings further momentum to Ørsted’s solar pipeline … Continue reading Ørsted and Terra Solar team up to develop 400 MW portfolio of solar energy in Ireland
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US renewables annual capacity additions to nearly triple in 10 years
Speaking at the RE+ conference in Las Vegas, Chris Seiple, vice chairman, power and renewables for Wood Mackenzie said that with the Inflation Reduction Act (IRA) driving the economic competitiveness of renewables, annual capacity additions will nearly triple in 10 years to 110 gigawatts (GW). “The IRA has made renewables very competitive with other technologies … Continue reading US renewables annual capacity additions to nearly triple in 10 years
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EU solar and wind power growth displaced gas consumption worth half of Russian imports in August 2023
The EU’s progress in reaching low coal and gas consumption in power generation in 2023 as well as highs for solar and wind electricity generation has been remarkable. The expansion of renewable energy production has not only diversified the power generation mix but also reduced dependency on imported fossil fuels. A new briefing from the … Continue reading EU solar and wind power growth displaced gas consumption worth half of Russian imports in August 2023
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Access to electricity improves slightly in 2023, but still far from the pace needed to meet SDG7
The pandemic and global energy crisis that followed Russia’s invasion of Ukraine dealt a strong blow to progress on improving access to electricity. The number of people without access globally increased in 2022 for the first time in decades, rising by around 6 million to roughly 760 million. This setback was primarily concentrated in sub-Saharan … Continue reading Access to electricity improves slightly in 2023, but still far from the pace needed to meet SDG7
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Stronger international cooperation in high emissions sectors crucial to get on track for 1.5C climate goal
Insufficient progress in transitions to clean technologies and sustainable solutions over the past year highlights the need for strong and targeted international collaboration in high emissions sectors to deliver transitions that are faster, easier and cheaper for all, according to the latest Breakthrough Agenda Report. The new report – an annual collaboration between the International … Continue reading Stronger international cooperation in high emissions sectors crucial to get on track for 1.5C climate goal
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Stronger International Cooperation in High Emissions Sectors Crucial to Get on Track for 1.5°C Climate Goal
Countries must supercharge international collaboration on technologies and markets for sectors such as power, transport, industry, buildings and agriculture, new report finds. Insufficient progress in transitions to clean technologies and sustainable solutions over the past year highlights the need for strong and targeted international collaboration in high emissions sectors to deliver transitions that are faster, … Continue reading Stronger International Cooperation in High Emissions Sectors Crucial to Get on Track for 1.5°C Climate Goal
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