Highlights Second increase in FY 2023 Outlook Financial strength Strategic Plan Execution Commenting on the results, Ignacio Galán, Executive Chairman of Iberdrola, said: “We continue accelerating in the execution of our Strategic Plan, with investments of more than 10.5 billion euros in the last 12 months, to achieve a Networks Asset Base of 40 billion … Continue reading Iberdrola invested 10,554 million in the last 12 months
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Energy Storage in Shaping Lesotho’s Renewable Energy Future
As the global community grapples with the urgent need to transition to cleaner and more sustainable energy sources, the small Southern African nation of Lesotho is emerging as a potential leader in the renewable energy sector. At the heart of this transition lies a crucial yet often overlooked component: energy storage. This technology, which includes … Continue reading Energy Storage in Shaping Lesotho’s Renewable Energy Future
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Japan’s Net Zero Goal Requires 689GW of Solar and Wind Power by 2050
According to a study conducted by BloombergNEF (BNEF), Japan will need to have a total installed capacity of 689GW for solar and wind power generation by 2050 in order to reach its net zero goal. The study outlines BNEF’s net zero scenario, which details the breakdown of power generation in Japan. It states that solar … Continue reading Japan’s Net Zero Goal Requires 689GW of Solar and Wind Power by 2050
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Accelerating the energy transition towards photovoltaic and wind in China
China’s goal to achieve carbon (C) neutrality by 2060 requires scaling up photovoltaic (PV) and wind power from 1 to 10–15?PWh?year?1 (refs.?1,2,3,4,5). Following the historical rates of renewable installation1, a recent high-resolution energy-system model6 and forecasts based on China’s 14th Five-year Energy Development (CFED)7, however, only indicate that the capacity will reach 5–9.5?PWh?year?1 by 2060. … Continue reading Accelerating the energy transition towards photovoltaic and wind in China
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The EIB grants a loan of 575 million euros to Repsol for wind and solar energy in Spain
The financing signed today amounts to 400 million euros and is the first tranche of the total approved loan, which will be used to finance wind farms and photovoltaic plants with a total capacity of 1.1 GW. It contributes to the goal of the REPowerEU plan to increase energy security by reducing the European Union’s … Continue reading The EIB grants a loan of 575 million euros to Repsol for wind and solar energy in Spain
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EDP Renewables secures its first stand-alone battery storage project in Europe
Acquired from Tupa Energy, the project will provide 2 hours of storage capacity and will contribute with 50 MW of capacity; With this project, the company will support the grid resilience by providing stability and reliability and will allow for an increased penetration of renewables in the generation mix. EDP Renewables (Euronext: EDPR), a leading … Continue reading EDP Renewables secures its first stand-alone battery storage project in Europe
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Wind and solar, the future of Mauritania
Mauritania, a vast and sparsely populated country in West Africa, is endowed with abundant natural resources and renewable energy potential. The country has been taking significant steps in recent years to strengthen its energy infrastructure and promote sustainable development. The Mauritanian government has recognized the importance of harnessing renewable energy sources to meet the growing … Continue reading Wind and solar, the future of Mauritania
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Acciona Energía add local impact to new Green Financing Framework
ACCIONA and ACCIONA Energía have developed a new sustainable impact financing framework applicable to both debt issues and bank loans, including quantitative environmental and social objectives. These targets go beyond those included in the sustainable financing models currently available on the market. The new formula incorporates additional initiatives and indicators of “positive impact” on the … Continue reading Acciona Energía add local impact to new Green Financing Framework
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Digital tools will help keep distributed solar PV growing strongly
Australia has the world’s highest share of rooftop solar per capita. With installations in more than 30% of the country’s homes, capacity topped 19 GW in 2022. The estimated 3 GW of rooftop PV projected to be installed this year alone will provide electricity to over 650 000 additional households, or about 6% of all … Continue reading Digital tools will help keep distributed solar PV growing strongly
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The heat wave causes the largest demand in this year in Spain and Italy and raises prices in European markets
The high temperatures registered during the third week of July caused 2023 demand records in Spain and Italy on the 19th and increases in other markets. In France, the weekly photovoltaic energy production was the highest in history, but in most markets the solar and wind energy production fell. All these factors, together with the … Continue reading The heat wave causes the largest demand in this year in Spain and Italy and raises prices in European markets
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Naturgy concludes the first six months of the year with improved financial performance, increased investments and reduced debt
Naturgy released its financial results for the first six months of 2023 to the market, along with the strategic review for the 2025 horizon recently approved by its Board of Directors. These developments come after the company exceeded all objectives outlined in its 2018-2022 Strategic Plan. The first half of the year was characterised by … Continue reading Naturgy concludes the first six months of the year with improved financial performance, increased investments and reduced debt
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Philadelphia Interfaith Group Pushes for More Solar and Wind Power Contracts from PECO
A Philadelphia interfaith group is urging southeastern Pennsylvania utility PECO to sign long-term contracts for solar and wind power, challenging the utility’s preference for short-term contracts that favor fossil fuels. Power Interfaith, the group behind the initiative, argues that solar and wind power are cheaper alternatives to burning fossil fuels. According to Julie Greenberg, the … Continue reading Philadelphia Interfaith Group Pushes for More Solar and Wind Power Contracts from PECO
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Exploring Renewable Energy Potential in Angola: Tapping into Solar, Wind, and Hydro Power Resources
Angola, a country located in Southern Africa, has been making significant strides in its energy sector, particularly in the exploration and development of renewable energy resources. The nation is endowed with abundant natural resources, including solar, wind, and hydro power, which have the potential to transform its energy landscape and contribute to sustainable development. However, … Continue reading Exploring Renewable Energy Potential in Angola: Tapping into Solar, Wind, and Hydro Power Resources
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Exploring Renewable Energy Sources in Palau
In the heart of the Pacific Ocean, the island nation of Palau is embarking on a remarkable journey towards sustainability. Recognizing the detrimental effects of climate change and the need for renewable energy, Palau is exploring various renewable energy sources to combat the environmental crisis and ensure a sustainable future. As a small island nation, … Continue reading Exploring Renewable Energy Sources in Palau
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Turkey: TotalEnergies partners with Rönesans Holding to develop wind power and other renewables
TotalEnergies has signed an agreement with Rönesans Holding to acquire a 50% stake in Rönesans Enerji and jointly develop, through this joint-venture, renewable projects in Turkey, which is a liberalized growing electricity market. Rönesans Enerji is currently operating a portfolio of 166 MW hydro assets. The company has as well secured a pipeline of more … Continue reading Turkey: TotalEnergies partners with Rönesans Holding to develop wind power and other renewables
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Acciona launches decarbonization program for SME suppliers
ACCIONA has launched the “Supplier Decarbonization” program to support small and medium-sized enterprises (SMEs) that form part of its value chain in the design of a realistic climate neutrality strategy. Participation in the program is voluntary and free of charge for these companies, which are selected from sectors of activities with high emissions. ACCIONA thus … Continue reading Acciona launches decarbonization program for SME suppliers
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Exploring Renewable Energy Sources in Guinea
Guinea, a West African nation endowed with abundant natural resources, has long been reliant on imported fossil fuels to meet its energy needs. However, the country is now at a critical juncture in its journey towards energy independence. With a growing population and increasing demand for electricity, Guinea is exploring renewable energy sources as a … Continue reading Exploring Renewable Energy Sources in Guinea
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Ignacio Galán reaffirms commitment to invest in the USA at Avangrid’s General Shareholders’ Meeting
News Back 20/07/2023 Ignacio Galán reaffirms commitment to invest in the USA at Avangrid’s General Shareholders’ Meeting Ignacio Galán, Executive Chairman of Iberdrola, during the Avangrid 2023 Annual Shareholder Meeting. Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that shareholders overwhelmingly approved all presented proposals at … Continue reading Ignacio Galán reaffirms commitment to invest in the USA at Avangrid’s General Shareholders’ Meeting
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The Rise of Solar and Wind Power in Mexico’s Energy Market
The rise of solar and wind power in Mexico’s energy market has been nothing short of meteoric. Over the past few years, the country has emerged as a global leader in renewable energy, driven by a combination of favorable natural resources, progressive government policies, and growing private sector investment. As the world continues to grapple … Continue reading The Rise of Solar and Wind Power in Mexico’s Energy Market
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Exploring the Potential of Renewable Energy Sources in Slovenia
Slovenia, a small European country with a population of just over 2 million, has been making significant strides in the field of renewable energy. The country’s commitment to research and innovation in the energy sector has led to the development of new technologies and strategies aimed at reducing its dependence on fossil fuels and increasing … Continue reading Exploring the Potential of Renewable Energy Sources in Slovenia
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