“It is abundantly clear we need to understand the geopolitical implications of the energy transition, so that we can proactively shape its outcomes,” remarked IRENA Director-General Francesco La Camera at the opening of the sixth meeting of the Collaborative Framework on the Geopolitics of Energy Transformation. The virtual meeting was attended by nearly 40 participants … Continue reading IRENA Members Address the Geopolitical Challenges of Energy Transformation
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Bankable Power Purchase Agreements are an Important Element of Renewables Investments in Caribbean SIDS
Despite economic challenges caused by the pandemic, Small Island Developing States (SIDS) renewable energy capacity keeps growing towards the SIDS Lighthouses target of 10 GW of total installed renewables capacity by 2030. According to the International Renewable Energy Agency (IRENA)’s data, the SIDS currently account for almost 7 GW of installed renewables capacity. The growth reflects … Continue reading Bankable Power Purchase Agreements are an Important Element of Renewables Investments in Caribbean SIDS
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There’s room for agrivoltaics
Recent studies highlight the benefits of integrating agriculture and photovoltaic systems. Their conclusion? There is no risk of excessive land consumption. Agrivoltaics is an innovative approach that allows solar energy eneration and farming practices to coexist and interact in a mutually beneficial way that also creates greater value for the area and local communities. In practical terms, it’s … Continue reading There’s room for agrivoltaics
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Statkraft and Fastweb sign 12-year solar PPA in Italy
Statkraft and Fastweb, one of the leading telecommunications operators in Italy, have signed an exclusive Power Purchase Agreement (PPA) for the supply of electricity produced by renewable sources. The 12-year agreement covers the output of a photovoltaic plant to be constructed in the region of Lazio, Province of Latina, which will cover 13 per cent … Continue reading Statkraft and Fastweb sign 12-year solar PPA in Italy
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Solar photovoltaic and concentrated solar power and wind energy production in November
MIBEL eludes the price rises registered in the European markets in November. In November, prices of most European markets were higher than those of October, except for MIBEL, which registered the lowest price since August 2021, including the adjustment price due to the gas cap. In most markets, the increase in wind energy production failed … Continue reading Solar photovoltaic and concentrated solar power and wind energy production in November
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ACP Statement on Auxin Solar Circumvention Case
The American Clean Power Association (ACP) expressed disappointment following a decision today that could lead to new duties and lack of certainty for the U.S. solar industry. After the Commerce Department decided that the Auxin circumvention case related to solar panels and cells assembled by allied trading partners from Southeast Asia will proceed, with a … Continue reading ACP Statement on Auxin Solar Circumvention Case
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Dubai’s concentrated solar power project starts supplying electricity to the grid
It is the largest concentrated solar power project in the world in terms of installed capacity, investment size, and molten salt reserve heat. Solar Thermal Trough Unit No. 1 On November 29 (Dubai Time), the Trough Unit No. 1 facility of Shanghai Electric’s 700MW solar thermal and 250MW photovoltaic solar power plant in Dubai has … Continue reading Dubai’s concentrated solar power project starts supplying electricity to the grid
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American Clean Power Statement on Inflation Reduction Act Prevailing Wage and Apprenticeship Initial Treasury Guidance
American Clean Power Association (ACP) Interim CEO and Chief Advocacy Officer JC Sandberg issued the following statement after the U.S. Department of Treasury and Internal Revenue Service released initial guidance on implementing the Prevailing Wage and Apprenticeship sections of the Inflation Reduction Act (IRA): “The IRA represents a monumental investment in the nation’s energy transition … Continue reading American Clean Power Statement on Inflation Reduction Act Prevailing Wage and Apprenticeship Initial Treasury Guidance
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Renewable energy financing opens to new options
The range of financing options for renewable energy projects is increasingly wide. The new sources of financing, unlike the traditional Project Finance with a commercial bank, no longer require a PPA and more naturally accept the market price risk of full merchant projects. At the analysis table of the Spanish version of the 27th edition … Continue reading Renewable energy financing opens to new options
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Low temperatures arrive and gas and electricity markets prices rise
In the fourth week of November, electricity markets prices rose in a generalised way, a behaviour that continued on Monday 28, when prices above €400/MWh were registered in various markets and above £1000/MWh in the British market. The main causes of these rises are the increase in demand due to the drop in temperatures and … Continue reading Low temperatures arrive and gas and electricity markets prices rise
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COP 27, concrete proposals from the Global Alliance for Sustainable Energy on the circular economy and decarbonization
The Global Alliance, of which EGP is also a member, presented two important position papers at the ONU Climate Conference in order to contribute toward “a sustainable value chain”. COP 27 in Sharm El-Sheik in Egypt ended on November 19 with an agreement on a compensation fund for the damage caused by climate change, although … Continue reading COP 27, concrete proposals from the Global Alliance for Sustainable Energy on the circular economy and decarbonization
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China’s solar and wind power capacity continues to expand
China’s installed capacity of renewable energy has sustained growth momentum since the beginning of this year amid the country’s pursuit of green development. By the end of October, China’s total installed power generation capacity reached about 2.5 billion kilowatts, rising 8.3 percent year on year, data from the National Energy Administration showed. Specifically, the installed … Continue reading China’s solar and wind power capacity continues to expand
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RWE builds photovoltaic plants with battery storage in Germany
Can solar energy be used even when the sun does not shine? Yes, thanks to photovoltaic systems with attached battery storage facilities. RWE is currently constructing two plants of this type in Germany. At Garzweiler Mine near the city of Bedburg in North Rhine-Westphalia, a total of over 58,340 modules will collect sunlight to produce … Continue reading RWE builds photovoltaic plants with battery storage in Germany
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Increasing cost pressures and design flaws undermine Spanish auction
Spain has published the results of its 2022 onshore wind auction. Plenty of wind energy projects bid in. But only 46 MW got awarded, results of combination of current cost pressures and a flawed “secret” price cap. The 2022 Spanish renewables auction was very disappointing. A total of 3.3 GW was up for tender, 1.8 … Continue reading Increasing cost pressures and design flaws undermine Spanish auction
Continue readingWind energy reduced prices in MIBEL while gas raised them in the rest of European markets
In the third week of November, prices of most European electricity markets rose as a result of the increase in gas prices, a higher electricity demand and the drop in solar energy production. However, in the MIBEL market, prices fell thanks to the increase in wind energy production, which allowed the lowest price since June … Continue reading Wind energy reduced prices in MIBEL while gas raised them in the rest of European markets
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Accelerating Energy Transition Solutions at COP27
At the UN Climate Change Conference COP27 in Sharm el-Sheikh, IRENA’s Director-General Francesco La Camera addresses world leaders, industry CEOs, global partners, and allies. As the world increasingly recognises renewable energy as a multiplier solution that addresses climate challenges, fosters socioeconomic growth and enhances energy security amid a global energy crisis, Francesco La Camera emphasised … Continue reading Accelerating Energy Transition Solutions at COP27
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Enel announces intentions to build solar PV cell & panel manufacturing facility in U.S.
Enel North America intends to build one of the largest solar photovoltaic (PV) manufacturing facilities in the US, expected to initially produce at least 3 GW and scale up to 6 GW of high-performance bifacial PV modules and cells annually. The proposed facility will be among the first in the United States to produce PV … Continue reading Enel announces intentions to build solar PV cell & panel manufacturing facility in U.S.
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Could the Energy Transition Benefit Africa’s Economies?
As the world’s youngest continent, Africa is expected to be home to nearly 2.5 billion people by 2050. Eighty percent of them will live in Sub-Saharan Africa, where less than half of all people have access to electricity today, and as little as 16% have access to clean cooking fuels and technologies. Africa is also … Continue reading Could the Energy Transition Benefit Africa’s Economies?
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In the first half of November, solar energy production continues growing for another year in all European markets
The solar energy production of the first fifteen days of November increased compared to that of the same days of 2021 in all analysed markets. The largest increase was that of the Italian market, of 61%, followed by that of the German market, of 59%. In the case of the wind energy production, increases were … Continue reading In the first half of November, solar energy production continues growing for another year in all European markets
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Iberdrola: €1.5 billion green bond with strong investor support
Iberdrola has tapped the fixed income market in Europe, as it did in March, successfully closing a double-tranche transaction for a combined amount of €1.5 billion: €750 million with a six-year maturity and €750 million with a ten-year maturity, in both cases in green format, increasing the amount expected due to the high demand received. … Continue reading Iberdrola: €1.5 billion green bond with strong investor support
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