With 80% of the world’s population without access to electricity residing in Sub-Saharan Africa, it is clear that the current fossil fuel-based energy system fails to meet Africa’s power needs. Something needs to be done quickly. Renewables offer a compelling solution. Not only are they the most rapidly deployable and versatile technology available. They are … Continue reading Infrastructure Reform is Key to Accelerating Africa’s Energy Transition
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Lower gas and CO2 prices and more wind energy drive European electricity market prices down in first week of October
In the first week of October, average prices in most European electricity markets were below €85/MWh and lower than the previous week in almost all markets. However, in some hours and markets, prices exceeded €200/MWh. In MIBEL, the highest hourly price since March was registered on the 9th. Wind energy production increased and in Germany … Continue reading Lower gas and CO2 prices and more wind energy drive European electricity market prices down in first week of October
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Australian Solar Thermal Research Institute says concentrated solar power could net Australians $10b by 2050
New research suggests Australians could pocket $10 billion in savings by 2050 if governments begin installing a niche form of solar power storage in the country’s major electricity networks. That figure — produced by Fichtner and ITP Renewables on behalf of the Australian Solar Thermal Research Institute — would amount to savings of about $40 … Continue reading Australian Solar Thermal Research Institute says concentrated solar power could net Australians $10b by 2050
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Higher prices in the Iberian market in the third quarter, while the rest of European electricity markets registered declines
In the third quarter of 2023, average prices fell to below €100/MWh in most European electricity markets. Falling gas prices and lower electricity demand in some markets, combined with higher renewable energy production in most markets, contributed to lower prices. Solar photovoltaic energy production in the quarter was at record levels in Southern European markets … Continue reading Higher prices in the Iberian market in the third quarter, while the rest of European electricity markets registered declines
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The drop in the LCOE of solar and wind power drives the energy transition
Over the past decade, the LCOE (Levelized Cost Of Electricity) of renewable electricity generation technologies has dropped exponentially, driving the energy transition towards a 100% renewable system. The largest drops in LCOE since 2010 have been for onshore wind energy, 69%, solar photovoltaic energy, 89%, and offshore wind energy, 59%. This evolution of the renewable … Continue reading The drop in the LCOE of solar and wind power drives the energy transition
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Higher demand and lower wind energy boost European electricity market prices with help from gas
In the last week of September, European electricity market prices rose compared to the previous week. In most of them, the weekly average was above €100/MWh and, in several markets, some hourly prices were above €200/MWh. The rise in gas prices, the decrease in wind energy production and higher demand favored this behavior. Brent futures … Continue reading Higher demand and lower wind energy boost European electricity market prices with help from gas
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Ingeteam expands its factory in northern Spain
Ingeteam celebrated the 25th anniversary of its production plant in Navarre (Spain), where it manufactures power electronics equipment for the renewable energy sector, for green hydrogen production and electric vehicle recharging. The company also inaugurated new facilities which represent a significant increase in production capacity. With this new building, it plans to meet the growing … Continue reading Ingeteam expands its factory in northern Spain
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GIC and Iberdrola close strategic alliance to develop transmission networks in Brazil for 456 million euros
Iberdrola and GIC, Singapore’s sovereign fund, and one of the world’s main institutional investors, have closed a strategic agreement to develop transmission networks in Brazil for 2.4 billion Brazilian reals (456 million euros). The agreement, which was first announced in April, now has the approval of both the National Electrical Energy Agency (ANEEL) and the … Continue reading GIC and Iberdrola close strategic alliance to develop transmission networks in Brazil for 456 million euros
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Heineken and Engie inaugurate the largest concentrated solar power plant for industrial use in Europe
Heineken Spain and Engie Spain have built the largest solar thermal plant for industrial use in Europe, a completely pioneering innovation in Spain that the President of the Government, Pedro Sánchez, wanted to see firsthand by attending the inauguration ceremony held this Saturday in Seville. and in which Etienne Strijp, president of Heineken Spain, also … Continue reading Heineken and Engie inaugurate the largest concentrated solar power plant for industrial use in Europe
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Renewables Jobs Nearly Doubled in Past Decade, Soared to 13.7 Million in 2022
Worldwide employment in renewable energy reached 13.7 million in 2022, an increase of one million since 2021 and up from a total of 7.3 million in 2012, according to a new report by the International Renewable Energy Agency (IRENA) and the International Labour Organization (ILO). The tenth edition of Renewable Energy and Jobs: Annual Review … Continue reading Renewables Jobs Nearly Doubled in Past Decade, Soared to 13.7 Million in 2022
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Statkraft supplies solar and wind power to ZEISS in Germany
Statkraft will supply 800 GWh of green electricity to German ZEISS sites over a period of eleven years. To achieve this, the companies have concluded several Power Purchase Agreements (PPAs). The PPAs with different delivery start dates and periods support ZEISS in achieving the goal of becoming climate-neutral in its own activities by 2025. ZEISS … Continue reading Statkraft supplies solar and wind power to ZEISS in Germany
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Iberdrola completes its first hybrid wind and solar plant in Spain
Iberdrola has completed the construction in of the first hybrid wind and solar photovoltaic plant in Spain and is now immersed in the commissioning process. The company thus reinforces its innovative and renewable leadership in the region with the development in Burgos of this technology that optimises the use of the grid and minimises the … Continue reading Iberdrola completes its first hybrid wind and solar plant in Spain
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Cosin Solar now supplies 1 GW of China’s tower Concentrated Solar Power
Recently, Cosin Solar Technology Co., Ltd. (“Cosin Solar”) and State Power Investment Shandong Electric Power Engineering Consulting Institute Co., Ltd. (“SDEPCI”) signed the contract for Solar Field , MSR Systems and MS Electric Heating System equipment of the SPIC Xinjiang Turpan Shanshan Qiketai 100MW CSP project. It’s meaning that Cosin Solar will provide advanced Solar field, … Continue reading Cosin Solar now supplies 1 GW of China’s tower Concentrated Solar Power
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Lower prices in European electricity markets thanks to increased wind energy production
In the third week of September, European electricity markets prices fell compared to the previous week. The decline was due to lower demand and a significant increase in wind energy production in several markets, which offset the increase in gas and CO2 prices. On September 25 TTF gas futures reached their highest level since early … Continue reading Lower prices in European electricity markets thanks to increased wind energy production
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Ørsted secures solar and wind energy contracts under Irish RESS 3 auction
Ørsted has secured two contracts in the Irish Government’s third onshore Renewable Electricity Support Scheme (RESS 3) auction. The approved Ørsted projects were the 81 MW Garreenleen Solar Farm in Carlow, and the 43.2 MW Farranrory Onshore Wind Farm in Tipperary. Commenting on the provisional results of the RESS 3 auction, Kieran?White, Senior Vice President … Continue reading Ørsted secures solar and wind energy contracts under Irish RESS 3 auction
Continue readingThe path to limiting global warming to 1.5 °C has narrowed, but clean energy growth is keeping it open
Driving greenhouse gas emissions from the world’s energy sector to net zero and limiting global warming to 1.5 °C remains possible due to the record growth of key clean energy technologies, though momentum needs to increase rapidly in many areas, according to a new edition of the IEA’s landmark Net Zero Roadmap. The new Roadmapsets out … Continue reading The path to limiting global warming to 1.5 °C has narrowed, but clean energy growth is keeping it open
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$12 trillion to be spent on renewables and grid infrastructure in the U.S and Canada by 2050
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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