The adoption of electric vehicles (EVs) on a large scale is crucial for meeting the desired climate commitments, where affordability plays a vital role. However, the expected surge in prices of lithium, cobalt, nickel, and manganese, four critical materials in EV batteries, could hinder EV uptake. To explore these impacts in the context of China, … Continue reading China’s electric vehicle and climate ambitions jeopardized by surging critical material prices
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EDPR scales up global ambition with growth plan of more than 4GW/year
EDPR will invest 20 billion euros until 2026 to boost renewable additions, forecasting to add more than 4GW per year in capacity during this period and doubling installed capacity in Solar Utility Scale and Wind. Growth partially funded by a 1bn capital increase. EDPR today presented its revised Business Plan 23-26 in London, forecasting … Continue reading EDPR scales up global ambition with growth plan of more than 4GW/year
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China dominates German photovoltaic imports in 2022
Europe and especially Spain, Italy, Portugal, Greece and Cyprus should bet much more on 24-hour manageable Concentrated Solar Power or solar thermal and not so much on photovoltaics imported from China. We are replacing Russia with China.Concentrating Solar Power, CSP or Solar thermal energy would today be less expensive than photovoltaic if much more had … Continue reading China dominates German photovoltaic imports in 2022
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RWE becomes a top tier renewable energy company in the United States
RWE AG, one of the world’s leading renewable energy companies, successfully closed the acquisition of all shares in Con Edison Clean Energy Businesses, Inc. (Con Edison CEB), from Consolidated Edison, Inc. after only five months from the announcement of the transaction. All relevant authorities have approved the acquisition. The transaction makes RWE the number four … Continue reading RWE becomes a top tier renewable energy company in the United States
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Concentrated Solar Power, photovoltaic and wind energy in most European electricity markets
Second consecutive week of price falls in most European electricity markets. In the fourth week of February, prices of most European electricity markets fell compared to the previous week, influenced by the decrease in gas prices and the drop in demand in various European markets. On the other hand, on February 21, TTF gas futures … Continue reading Concentrated Solar Power, photovoltaic and wind energy in most European electricity markets
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ACP Statement on Permitting for Mining Needs Act of 2023
American Clean Power Chief Advocacy Officer JC Sandberg issued the following statement on H.R. 209, the Permitting for Mining Needs Act of 2023 after it was introduced before the House Natural Resources’ Subcommittee on Energy and Mineral Resources by Rep. Pete Stauber (R-MN): “We’re grateful to Congressman Stauber for his leadership on permitting reform as … Continue reading ACP Statement on Permitting for Mining Needs Act of 2023
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EDP Renewables recurring net profit increased 2% in 2022
EDPR invested over five billion euros in 2022 to accelerate the energy transition, almost doubling gross investment year-on-year. Renewable generation growth and asset rotations completed contributed to recurring net profits of €671 million. EDP Renewables (EDPR), the fourth largest producer of wind and solar energy globally, ended 2022 with a 2% growth in its net … Continue reading EDP Renewables recurring net profit increased 2% in 2022
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Repsol has acquired three wind farms and two solar plants from the promoter and developer ABO Wind
Repsol has reached an agreement with the promoter and developer ABO Wind to add 250 MW of renewable assets in Spain through the purchase of three wind farms and two solar plants. With the acquisition of these projects, the multi-energy company’s renewable porfolio in Spain now totals 3,200 MW in operation, under construction and at … Continue reading Repsol has acquired three wind farms and two solar plants from the promoter and developer ABO Wind
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Utility-Scale Wind, Solar PV, & Concentrating Solar Power (CSP) Increased From 467 MW In 2013 To 6,230 MW In 2022 In South Africa
South Africa’s grid is dominated by coal. According to the Council for Scientific and Industrial Research (CSIR) in Statistics of Utility-Scale Power Generation In South Africa In 2022 Report, the contribution from coal dropped below 80% for the first time ever. In 2022, 77.7% of the 228 TWh was met by South Africa’s coal plants. … Continue reading Utility-Scale Wind, Solar PV, & Concentrating Solar Power (CSP) Increased From 467 MW In 2013 To 6,230 MW In 2022 In South Africa
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How much land would it take to get most of our electricity from solar and wind power?
Critics of wind and solar routinely raise concerns about how much land would be required to decarbonize the US power sector. Fortunately, the answer is relatively little. A recent National Renewable Energy Laboratory (NREL) study shows that it would take less than 1 percent of the land in the Lower 48 — that’s an area … Continue reading How much land would it take to get most of our electricity from solar and wind power?
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Next-Generation Concentrated Solar Power Particle Receivers Enable Inexpensive Electricity Generation with Energy Storage
To help propel new forms of renewable energy, the Department of Energy’s Solar Energy Technologies Office has been encouraging development of next generation concentrating solar power (CSP) systems. CSP systems offer a distinct advantage over photovoltaics by enabling energy storage through means other than batteries. CSP uses a field of mirrors (heliostats) to concentrate sunlight … Continue reading Next-Generation Concentrated Solar Power Particle Receivers Enable Inexpensive Electricity Generation with Energy Storage
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Europe must get its Electricity Market Design right
The EU is on its way to reform its electricity market design. The EU Commission will table legislative proposals in March. And the Commission has only one chance to get this right. Because Europe is in a global race for renewable energy investments. Investors need clear and robust long-term investment signals that Europe wants their wind farms. … Continue reading Europe must get its Electricity Market Design right
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Decline in demand and gas prices lead to a fall in prices in European electricity markets
In the third week of February, prices of almost all European electricity markets fell compared to the previous week due to the decrease in demand and gas prices, as well as the increase in wind and solar energy production in some markets. On the other hand, TTF gas futures reached the lowest settlement price since … Continue reading Decline in demand and gas prices lead to a fall in prices in European electricity markets
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Record investments of €10.73 bn enable Iberdrola to achieve a net profit of €4.3 bn
Financial Highlights Business Model Resilience in the challenging macro context Operational Highlights ESG Performance 2023 outlook Iberdrola continues to take firm steps in its commitment to accelerate the energy transition and reduce dependence on fossil fuels. The company made historic investments of €10.73 billion, 13% more than in the same period last year, despite inflationary … Continue reading Record investments of €10.73 bn enable Iberdrola to achieve a net profit of €4.3 bn
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Investments in Renewables Reached Record High, But Need Massive Increase and More Equitable Distribution
The report Global Landscape of Renewable Energy Finance 2023 reveals that global investment in energy transition technologies last year—including energy efficiency—reached USD 1.3 trillion. It set a new record-high, up 19% from 2021 investment levels, and 50% from before the pandemic in 2019. The joint report by the International Renewable Energy Agency (IRENA) and Climate … Continue reading Investments in Renewables Reached Record High, But Need Massive Increase and More Equitable Distribution
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Iberdrola joins the Asturian Exiom to lead the manufacture of photovoltaic solar panels in Spain
Iberdrola and the Asturian business group Exiom have created an alliance to lead the manufacture of photovoltaic solar panels in Spain. Thus, both companies will locate in the Asturian municipality of Langreo the first large photovoltaic construction plant in the country and one of the first on an industrial scale in Europe. The solar panel … Continue reading Iberdrola joins the Asturian Exiom to lead the manufacture of photovoltaic solar panels in Spain
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Acciona Energía signs PPA with Sofidel for the supply of 100% renewable energy to its plant in Buñuel
ACCIONA Energía has signed a 10-year power purchase agreement (PPA) to supply 100% renewable electricity to Sofidel, one of the world leaders in the tissue paper production market for hygienic and domestic use. Through this contract, ACCIONA Energía will supply more than 90GWh/year of renewable electricity from its renewable energy facilities in Spain to Sofidel’s … Continue reading Acciona Energía signs PPA with Sofidel for the supply of 100% renewable energy to its plant in Buñuel
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India can add 23.7 GW of clean energy by 2026
India can add another 23.7 GW of capacity within the next five years provided necessary enabling policies, facilitative instruments, and the right institutional interventions are put in place, according to a new report. The report, titled “Renewing wind growth to power the energy transition: India Wind Energy Market Outlook 2026”, was released by Global Wind … Continue reading India can add 23.7 GW of clean energy by 2026
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Open letter on upcoming reform of the EU Electricity Market Design
On behalf of some of the major European energy companies we would like to contribute to the debate on the upcoming reform of the EU Electricity Market Design by making proposals and raising awareness on this very complex dossier. Europe currently faces multiple challenges. The Russian aggression against Ukraine has put our economy and our … Continue reading Open letter on upcoming reform of the EU Electricity Market Design
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CEMEX, Sandia Labs, and Synhelion to scale concentrated solar power technology to produce cement
CEMEX, S.A.B. de C.V. («CEMEX») announced today that the U.S. Department of Energy awarded US$3.2 million to Solar MEAD, a joint project headed by CEMEX, Sandia National Laboratories, and Synhelion, which aims to decarbonize cement production. Solar MEAD aims to replace the use of fossil fuels with concentrated solar thermal (“CST”) energy in clinker production, … Continue reading CEMEX, Sandia Labs, and Synhelion to scale concentrated solar power technology to produce cement
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