Ørsted has entered its first solar project in the UK. One Earth Solar Farm is a proposed 740 MW solar farm with associated battery storage, that will primarily be located in Nottinghamshire near the border of Lincolnshire and is being co-developed with PS Renewables. Once operational, the 740 MW solar farm will generate enough clean, … Continue reading Ørsted enters its first UK solar project
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G20 Leaders Endorse IRENA Recommendations for Global Renewable Energy Adoption
G20 leaders agreed to accelerate efforts to triple global renewable energy capacity by 2030, aligning with recommendations from the International Renewable Energy Agency (IRENA) on how the world can move in line with the Paris Agreement targets. In a declaration adopted on Saturday, the Group cites a joint report between IRENA and India’s G20 Presidency, … Continue reading G20 Leaders Endorse IRENA Recommendations for Global Renewable Energy Adoption
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Enabling faster rollout of renewables can help Switzerland reach climate and energy goals
Switzerland’s low-emissions electricity system makes it well placed to meet its climate targets by 2030 and beyond, but cutting red tape to speed up deployment of renewables is essential as the country intends to move away from nuclear power, according to a new in-depth policy review by the IEA. Switzerland is demonstrating its commitment to … Continue reading Enabling faster rollout of renewables can help Switzerland reach climate and energy goals
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Ethiopia finishes filling reservoir of disputed mega-dam
The Grand Ethiopian Renaissance Dam is set to double the country’s electricity generation and become Africa’s biggest dam. Egypt fiercely opposes the megaproject, arguing that it will reduce the flow of the Nile river.Ethiopia said on Sunday it had completed the fourth and final phase of filling a reservoir for its hydroelectric power plant on … Continue reading Ethiopia finishes filling reservoir of disputed mega-dam
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Cost of Concentrated solar power (CSP) projects fell from USD 0.38/kWh to USD 0.118/kWh – a decline of 69%
Concentrated solar power (CSP) saw its global weighted?average LCOE fall from 591% higher than the cheapest fossil fuel option in 2010 to 71% higher in 2022. Concentrated solar power (CSP) deployment remains disappointing, with less than 0.1 GW added in 2022 and global cumulative capacity standing at 6.5 GW at the end of 2022. For … Continue reading Cost of Concentrated solar power (CSP) projects fell from USD 0.38/kWh to USD 0.118/kWh – a decline of 69%
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Solar and wind energy are becoming cheaper
Renewable energy deployment surge puts global power system on track for the IEA’s ambitious net-zero pathway Two new pieces of research show that solar and wind are growing faster than expected: Rapid growth in solar, wind and battery deployment means that by 2030 the global electricity system can deliver ambitious net-zero pathways, according to new … Continue reading Solar and wind energy are becoming cheaper
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RWE welcomes success for onshore wind power and solar projects in latest UK CFD auction
RWE, the UK’s leading power producer, has been awarded Contracts for Difference for nine of its new renewable energy projects in the latest Auction Round 5. The CfD awards have been made to RWE by the Low Carbon Contracts Company, on behalf of the UK Government, following successful bids for three onshore, four solar and … Continue reading RWE welcomes success for onshore wind power and solar projects in latest UK CFD auction
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Concentrated Solar Power, photovoltaic and wind energy in August
In August 2023, prices in most European electricity markets increased, ranging between €90/MWh and €112/MWh. Higher gas prices, as well as lower solar energy production, contributed to these increases. On the other hand, Spain, Italy, France and Portugal registered all time records of photovoltaic and wind energy production for a month of August. Solar photovoltaic … Continue reading Concentrated Solar Power, photovoltaic and wind energy in August
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Renewable PPA: An opportunity for the electrointensive industry
According to AEGE, the situation of the electro-intensive industry in Spain is critical due to high energy costs. In addition to the energy policies needed to make this industry competitive at European and global level, PPAs with renewable energy projects are a good opportunity to achieve competitive energy prices in the long term, although they … Continue reading Renewable PPA: An opportunity for the electrointensive industry
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RayGen aim to making dispatchable solar a reality
An all-Australian hybrid solar energy and storage project promising cheap and dispatchable electricity is officially open for commercial-scale trials. Combining incredibly efficient photovoltaic (PV) and low-cost thermal energy technologies, the new power plant will test Melbourne-based company RayGen’s unique approach to solar electricity generation and long-duration storage. It’s the latest step, supported by ARENA, that … Continue reading RayGen aim to making dispatchable solar a reality
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U.S. solar industry expects to add a record 32 gigawatts
The U.S. solar industry expects to add a record 32 gigawatts (GW) of new capacity in 2023, a 52% increase from 2022, according to the US Solar Market Insight Q3 2023 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. The solar market has been hampered in recent years by supply … Continue reading U.S. solar industry expects to add a record 32 gigawatts
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Solar power and agriculture going hand in hand:RWE to build demonstration plant for agrivoltaics
Solar power and agriculture in one field – RWE and Forschungszentrum Jülich want to demonstrate how this can work in a demonstration plant in the Rhenish mining district. Earlier today RWE officially launched the project in the presence of Frank Rock, Rhine-Erft County Commissioner, Sascha Solbach, Mayor of the City of Bedburg, and Prof Ulrich … Continue reading Solar power and agriculture going hand in hand:RWE to build demonstration plant for agrivoltaics
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China leads global shift to renewable energy with technological innovations in wind and solar power
China is leading global efforts in shifting to cleaner energy sources, thanks to numerous technological breakthroughs and robust development in its wind and photovoltaic power industries supported by strengthened innovation and resilient industrial chains. China’s self-developed 16-megawatt offshore wind turbine off the coast of southeast China’s Fujian Province. In the wind power sector, key technological … Continue reading China leads global shift to renewable energy with technological innovations in wind and solar power
Continue readingWind energy contributed to lower prices on european electricity markets in the last week of august
European electricity markets prices fell in the last week of August, supported by increased wind energy production combined with lower electricity demand and average temperatures. Weekly average prices for TTF gas and CO2 fell by 3.7% and 2.2% respectively, while Brent futures reached a settlement price of $88.55/bbl on September 1, the highest since November … Continue reading Wind energy contributed to lower prices on european electricity markets in the last week of august
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No energy transition without expanded electricity grid
Europe needs to invest more in its electricity grids. It needs to accelerate the build-out of transmission and distribution networks, reinforce existing grids and increase their flexibility. “No transition without more transmission” – without these critical investments Europe cannot deliver its energy security and climate targets. In a new one-pager WindEurope lays out its recommendations … Continue reading No energy transition without expanded electricity grid
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Scaling up next generation solar and storage technologies in Victoria
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has announced $10 million in funding to RayGen Resources Pty Ltd (RayGen) to progress its hi-tech solar and thermal storage technology along the commercialisation pathway towards a full utility scale deployment. The funding will help RayGen improve the design of its technology, achieve … Continue reading Scaling up next generation solar and storage technologies in Victoria
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How Much Wave Energy Is In Our Oceans?
The ocean, like a teething toddler, is never still. And both creatures contain shocking amounts of energy. But exactly how much energy surges through our ocean waves is a matter of debate. That uncertainty makes it challenging for countries to weave wave energy into their future climate goals: How can you rely on something you … Continue reading How Much Wave Energy Is In Our Oceans?
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PPAs: A sustainable solution for the energy industry
In recent years, electricity systems have been undergoing constant transformation. PPAs (power purchase agreements) are a stable, sustainable solution for the energy industry. he rapid development of Renewable Energy Sources (RES), the important goal of decarbonization, the introduction of new technologies and the need for digitalization have brought a wave of changes to the energy … Continue reading PPAs: A sustainable solution for the energy industry
Continue readingSolar panel shipments set a record high in 2022 as capacity continued to grow
In 2022, solar photovoltaic panel shipments in the United States increased 10% from 2021, setting another annual record (31.7 million peak kilowatts [kWp]), based on our latest published data. U.S. solar panel shipments have been growing as solar capacity continues to rise. U.S. solar panel shipments closely track domestic solar capacity additions; the difference between … Continue reading Solar panel shipments set a record high in 2022 as capacity continued to grow
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High prices of the beginning of the year and the end of 2022 return to European electricity markets
European electricity markets prices continued to rise in the fourth week of August due to low renewable energy production and increased demand. Some markets registered the highest daily prices since December 2022. Nevertheless, the MIBEL market of Spain and Portugal registered prices of €0/MWh at certain hours on Sunday, August 27, due to high wind … Continue reading High prices of the beginning of the year and the end of 2022 return to European electricity markets
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