Across all segments of the industry, the U.S. energy storage market added 2,145 megawatt hours (MWh) in the first quarter of 2023, a 26% decrease from Q4 2022. The grid-scale segment installed 1,553 MWh in Q1 2023, recording the second-straight quarterly decline and falling 33% below first quarter 2022 installations, according to a new report … Continue reading U.S. Grid-Scale Energy Storage Installations Record Second-Straight Quarterly Decrease
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Serbia to launch first solar and wind energy auction
Serbia announced on Wednesday that it will launch the country’s first renewable energy auction to support wind and solar photovoltaic (PV) projects, the European Bank for Reconstruction and Development (EBRD) said. Wind power projects with total capacity of 400 megawatts (MW) and solar PV projects with total capacity of 50 MW will be available in … Continue reading Serbia to launch first solar and wind energy auction
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Google chooses Kronos Solar EDP Renewables for long-term energy contract in The Netherlands
Kronos Solar EDPR, a solar developer company based in Germany that is majority owned by EDPR, has signed a long-term PPA with Google to offtake part of the production of clean energy by four photovoltaic plants that Kronos Solar EDPR is developing in The Netherlands. This agreement is the first PPA secured by Kronos Solar … Continue reading Google chooses Kronos Solar EDP Renewables for long-term energy contract in The Netherlands
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Renewable Energy Potential and Investment Opportunities in Cape Verde
Cape Verde, an archipelago of ten islands located in the Atlantic Ocean off the coast of West Africa, has emerged as a shining example of renewable energy potential and investment opportunities. The country has made significant strides in recent years to harness its abundant natural resources, including wind and solar power, to reduce its dependence … Continue reading Renewable Energy Potential and Investment Opportunities in Cape Verde
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Exploring the Potential of Guinea’s Energy Market
Guinea, a West African nation endowed with abundant natural resources, is increasingly attracting attention from global investors, particularly in the energy sector. The country’s untapped hydroelectric, solar, and wind power potential presents a unique opportunity for both domestic and international players to capitalize on this emerging market. However, the development of Guinea’s energy market is … Continue reading Exploring the Potential of Guinea’s Energy Market
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Concentrated Solar Power, photovoltaic and wind energy in the second week of June
Gas prices rose after several weeks of declines, dragging European Electricity markets. In the second week of June, gas prices rose after keeping a downward trend since the second week of April. This, along with the increase in demand and in CO2 prices, led to the increase of prices in most of the European electricity … Continue reading Concentrated Solar Power, photovoltaic and wind energy in the second week of June
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Scaled-up Investments and Enabling Frameworks Will Unlock Offshore Renewables Potential
The latest climate report by the Intergovernmental Panel on Climate Change states that the international community is very unlikely to limit the global temperature rise to 1.5°C, if immediate action is not taken. Offshore renewables – such as offshore wind and ocean energy – have significant potential to accelerate the global energy transition and create … Continue reading Scaled-up Investments and Enabling Frameworks Will Unlock Offshore Renewables Potential
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ACP Statement on House Ways & Means Consideration of Proposed Repeal of Clean Electricity PTC and ITC in Build It in America Act
The American Clean Power Association’s (ACP) CEO Jason Grumet released the following statement in advance of tomorrow’s House Ways & Means Committee’s scheduled consideration of the Build It in America Act, which includes a proposed repeal of the Clean Electricity PTC and ITC: “It’s unfortunate that some members of Congress are still allowing partisan politics … Continue reading ACP Statement on House Ways & Means Consideration of Proposed Repeal of Clean Electricity PTC and ITC in Build It in America Act
Continue readingEnergy Market in Kyrgyzstan
Kyrgyzstan, a landlocked country in Central Asia, is blessed with abundant renewable energy resources, including hydro, solar, and wind power. As the country aims to diversify its energy mix and reduce its dependence on fossil fuels, the potential of renewable energy sources in Kyrgyzstan’s energy market is becoming increasingly evident. The government’s commitment to promoting … Continue reading Energy Market in Kyrgyzstan
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Iberdrola signs a €1,000 million loan with the EIB to accelerate the energy transition in Europe
The European Investment Bank (EIB) and Iberdrola have signed a new financing agreement worth €1 billion to fast forward the energy transition in Europe by building an extensive network of 19 solar power plants and 3 onshore wind farms in Spain, Portugal and Germany. With a total installed capacity of 2.2 GW, the projects envisage … Continue reading Iberdrola signs a €1,000 million loan with the EIB to accelerate the energy transition in Europe
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Germany gets 1/3 of its Electricity from Wind, 48% from Renewables in First Quarter
Wind power has become Germany’s most important electricity source again in the first quarter of 2023, according to an analysis by the statistical office Destatis. Onshore and offshore turbines supplied nearly one third (32.2%) of the electricity produced between January and March, while total electricity production was 7.8 percent lower than in the year before. … Continue reading Germany gets 1/3 of its Electricity from Wind, 48% from Renewables in First Quarter
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Ørsted issues blue bonds, vows to recycle solar panels, wind turbines
On World Ocean Day, Ørsted has become the first energy company in the world to issue blue bonds. The five-year, EUR 100 million blue bond was issued in a private placement format in accordance with the IFC Blue Finance Guidelines. Net proceeds from the issuance will be allocated to investments in offshore biodiversity, in line … Continue reading Ørsted issues blue bonds, vows to recycle solar panels, wind turbines
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Ingeteam unveils a new range of inverters for residential, commercial, industrial, and large photovoltaic plants
The Intersolar Europe trade fair, part of The Smarter E Europe event, will host the official presentation of Ingeteam’s new range of photovoltaic and hybrid inverters. This range of products is aimed at the residential, commercial, and industrial segments, as well as large photovoltaic power plants, with single-phase and three-phase models ranging from 3 kW … Continue reading Ingeteam unveils a new range of inverters for residential, commercial, industrial, and large photovoltaic plants
Continue readingØrsted confirms its ambition of ~50 GW of wind and solar by 2030
Ørsted will host a Capital Markets Day (CMD) on 8 June 2023 to present recent progress and strategic updates on its ambition to become the world’s leading green energy major. Ørsted is committed to the following ambitions, financial targets, and financial policies for 2023-2030: Ørsted expects to outperform EBITDA and ROCE targets set in 2021Ørsted has … Continue reading Ørsted confirms its ambition of ~50 GW of wind and solar by 2030
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Energy transition in the Americas: three key questions
The Americas have seen a surge of interest and activity directed towards the energy transition over the past 12 months. While a common goal of a net zero future is shared from north to south, individual countries are approaching the task in ways that suit their own unique circumstances. In our latest quarterly Energy transition … Continue reading Energy transition in the Americas: three key questions
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Iberdrola announces an investment of 4,000 million euros in R+D+i until 2030
Iberdrola today held the ninth edition of its Digital Summit with more than 1,500 employees attending the event, held at the company’s campus in San Agustín del Guadalix (Madrid). The company’s commitment to digitalization is reflected in its commitment to double its investment in Innovation, Development and Research (R&D&I) over the last 10 years, with … Continue reading Iberdrola announces an investment of 4,000 million euros in R+D+i until 2030
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China’s Envision Energy bags 1.67 GW wind turbine contract for NEOM green hydrogen project in Saudi Arabia
China’s Envision Energy announced on Tuesday that it has signed a contract with Air Products to supply 1.67-gigawatt (GW) wind turbines for the world’s largest green hydrogen plant being built by NEOM Green Hydrogen Company within the NEOM giga project in north-west Saudi Arabia. Air Products is the Engineering, Procurement and Construction (EPC) contractor and … Continue reading China’s Envision Energy bags 1.67 GW wind turbine contract for NEOM green hydrogen project in Saudi Arabia
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Biden-Harris Administration Releases First-Ever National Clean Hydrogen Strategy and Roadmap to Build a Clean Energy Future
The Biden-Harris Administration today released the U.S. National Clean Hydrogen Strategy and Roadmap, a comprehensive framework for accelerating the production, processing, delivery, storage, and use of clean hydrogen—a versatile and flexible energy carrier that can be produced with low or zero carbon emissions. Achieving commercial-scale hydrogen deployment is a key component of President Biden’s Investing … Continue reading Biden-Harris Administration Releases First-Ever National Clean Hydrogen Strategy and Roadmap to Build a Clean Energy Future
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European energy markets prices went down in the first week of June
In the first week of June, prices of most European electricity markets fell and some negative prices were registered, thanks to the decrease in demand and prices of gas and CO2, and to the increase of renewable energy production in some cases. However, prices rose in the Nord Pool and MIBEL markets, the latter being … Continue reading European energy markets prices went down in the first week of June
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675 million people without electricity, 2.3 billion people reliant on harmful cooking fuels
A new report by the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA), the United Nations Statistics Division (UNSD), the World Bank, and the World Health Organization (WHO), released today, finds that the world is not on track to achieve the Sustainable Development Goal (SDG) 7 for energy by 2030. This year marks … Continue reading 675 million people without electricity, 2.3 billion people reliant on harmful cooking fuels
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