The lush landscapes of Italy are witnessing a remarkable surge in renewable energy, heralding a major milestone in the nation’s clean energy endeavors. Reports indicate that in the first half of 2023, Italy added an impressive 2.5 gigawatts (GW) of new renewable capacity, bolstering the country’s clean energy production. According to the Monthly Electricity System … Continue reading Italy’s Renewable Energy Sector Soars with 2.5 GW Additions in Six Months
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The Growing Importance of Wind Energy in Mauritius
Mauritius, a small island nation in the Indian Ocean, is making significant strides in the field of renewable energy, particularly wind energy. This development comes as part of the country’s ambitious plan to reduce its dependence on fossil fuels and transition towards a more sustainable energy future. Wind energy, a clean and renewable source of … Continue reading The Growing Importance of Wind Energy in Mauritius
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Kiribati’s Energy Market: Challenges and Opportunities
Kiribati, a small island nation in the Pacific Ocean, faces unique challenges and opportunities in its energy market. With a population of just over 110,000 people spread across 33 islands, the country’s energy infrastructure is underdeveloped and heavily reliant on imported fossil fuels. However, the potential for renewable energy sources, such as solar and wind … Continue reading Kiribati’s Energy Market: Challenges and Opportunities
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Equinor acquires Brazilian onshore renewables company Rio Energy including selected assets
Equinor has signed an agreement with Denham Capital to acquire Rio Energy, a leading onshore renewables company in Brazil. The transaction includes selected assets and the team, while Denham Capital will retain certain assets. With the acquisition, Equinor strengthens its position as a broad energy company in the Brazilian market. “Through Rio Energy, Equinor will … Continue reading Equinor acquires Brazilian onshore renewables company Rio Energy including selected assets
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The demand is smart and adapts to changes in the price profile
The growth of solar photovoltaic energy in recent years has caused significant changes in the hourly profile of electricity market prices. The lowest prices, which historically occurred at dawn, are now registered during the hours of solar energy production. An example of how demand adapts to these changes is the evolution of the consumption profile … Continue reading The demand is smart and adapts to changes in the price profile
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Breakthrough technologies for the energy transition
The scale of the opportunity for low-carbon technologies is mind-boggling. Eliminating emissions from a global energy system that today is 80% dependent on fossil fuels will require multiple low-carbon sources of energy to be developed, and fast. The US$70 trillion of investment that we estimate is up for grabs over the next three decades to … Continue reading Breakthrough technologies for the energy transition
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EDP Renewables will build one of the largest hybrid PV and wind energy plant in Chile
EDPR will build one of the largest hybrid farms in Latin America that will combine wind and photovoltaic energy production in the commune of Taltal; The company has more than 500 MW of renewable energy in different stages of development in the country and is aligned with the national energy transition objectives. EDP Renewables, a … Continue reading EDP Renewables will build one of the largest hybrid PV and wind energy plant in Chile
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What Net Zero is and why it’s important to measure sustainability in the energy transition
Minimizing the impact of CO2 and other greenhouse gas emissions on the environment and using offsetting measures to achieve balance in the atmosphere: that’s Net Zero, a key goal to be achieved by 2050. Here’s how to do it, including the use of performance indices to measure progress: that’s the commitment of the Global Alliance … Continue reading What Net Zero is and why it’s important to measure sustainability in the energy transition
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European Parliament vote sends strong positive signal for renewables investments
Today the European Parliament’s Committee on Industry, Research and Energy (ITRE) formally agreed its position on the ongoing EU electricity market design revision, largely backing the European Commission’s proposal for a targeted reform. The Committee voted to maintain the merit order system and to avoid inframarginal revenue caps which fragment the internal energy market and … Continue reading European Parliament vote sends strong positive signal for renewables investments
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Declining electricity consumption in advanced economies is weighing on global demand growth this year
Overall growth in electricity demand worldwide is expected to ease in 2023 as advanced economies grapple with the ongoing effects of the global energy crisis and an economic slowdown, according to the IEA’s latest Electricity Market Report. The report’s July update, published today, finds that electricity demand in the United States is expected to decline … Continue reading Declining electricity consumption in advanced economies is weighing on global demand growth this year
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Investment Opportunities In Morocco’s Solar Market For 2023
Morocco has emerged as a global leader in renewable energy, particularly in the solar industry. The country offers lucrative investment opportunities in the solar sector for both domestic and foreign investors. This is mainly due to its favorable geographic location and abundant solar resources. As we approach 2023, Morocco continues to attract attention as a … Continue reading Investment Opportunities In Morocco’s Solar Market For 2023
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Concentrated Solar Power, photovoltaic wind energy production in European electricity markets
The fall in gas prices drags European electricity markets while the photovoltaic energy production record is broken in Spain. In the second week of July, gas prices fell and, as a consequence, European electricity markets prices fell. This trend was also favoured by lower electricity demand in most markets, higher wind energy production in some … Continue reading Concentrated Solar Power, photovoltaic wind energy production in European electricity markets
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Solar and Wind to Generate a Third of Global Electricity by 2030
Solar and wind power generation is expected to triple by 2030, according to a report by the Rocky Mountain Institute. This significant growth is set to disrupt the global electricity sector and presents a promising opportunity for renewable energy investors. “The fossil fuel era is over,” states the report published by RMI. It predicts that … Continue reading Solar and Wind to Generate a Third of Global Electricity by 2030
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Iberdrola reaches 41,246 MW of solar and wind power
Iberdrola has reinforced its commitment to the energy transition, with data published today by the National Securities Market Commission (CNMV). showing the company has increased its renewables installed capacity by 6.5% worldwide in the last 12 months, reaching a total of 41,246 MW. Thanks to the investments new renewables capacity and new installed capacity, in … Continue reading Iberdrola reaches 41,246 MW of solar and wind power
Continue readingWind and solar power will produce a third of the world’s electricity by 2030
Rapid growth in the deployment of solar, wind and battery power means the global electricity system could deliver on an ambitious net-zero trajectory by 2030, according to a new RMI study conducted in collaboration with the Bezos Earth Fund. This rapid growth in renewable electricity is providing a wide range of benefits, including security of … Continue reading Wind and solar power will produce a third of the world’s electricity by 2030
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Rapid progress of key clean energy technologies shows the new energy economy is emerging faster
The pace of deployment of some clean energy technologies – such as solar PV and electric vehicles – shows what can be achieved with sufficient ambition and policy action, but faster change is urgently needed across most components of the energy system to achieve net zero emissions by 2050, according to the IEA’s latest evaluation … Continue reading Rapid progress of key clean energy technologies shows the new energy economy is emerging faster
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Diversifying Critical Material Supply Chains Minimises Geopolitical Risks
Geopolitics of the Energy Transition: Critical Materials examines the geopolitical risks and opportunities linked to a growing demand for materials in the coming years and calls for a holistic approach to diversify supply chains. The energy transition requires a dramatic increase in the supply of critical materials, yet their supplies chains remain vulnerable to a … Continue reading Diversifying Critical Material Supply Chains Minimises Geopolitical Risks
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Critical minerals market sees unprecedented growth as clean energy demand drives strong increase in investment
The market for minerals that help power electric vehicles, wind turbines, solar panels and other technologies key to the clean energy transition has doubled in size over the past five years, according to a new report by the International Energy Agency. The first annual IEA Critical Minerals Market Review, released today along with a new … Continue reading Critical minerals market sees unprecedented growth as clean energy demand drives strong increase in investment
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Photovoltaic and wind energy began July setting records in Portugal and Germany
In the first week of July, photovoltaic energy registered daily production records in Portugal and Germany. Also, Germany registered the highest daily wind energy production for a month of July. However, although solar energy production increased in all markets, wind energy production registered decreases in the majority, which led to a price increase in the … Continue reading Photovoltaic and wind energy began July setting records in Portugal and Germany
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Exploring the Growth Potential of Solar and Wind Energy in Uzbekistan
Uzbekistan, a landlocked country in Central Asia, is well-known for its abundant natural resources, particularly in the fossil fuel sector. However, the nation is now looking to diversify its energy mix and capitalize on its immense potential for renewable energy, specifically solar and wind power. With its favorable geographic location, vast open spaces, and strong … Continue reading Exploring the Growth Potential of Solar and Wind Energy in Uzbekistan
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