The Minister of Energy and Mines, Rómulo Mucho, indicated today that there is a portfolio of 35 renewable energy projects that can be developed in Peru. “We have almost 35 renewable energy projects, but that also has to require a series of permits,” he said on TV Perú. Rómulo Mucho indicated that, for this year, … Continue reading Peru has 35 photovoltaic and wind power projects in its portfolio
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World’s first dual-tower Concentrated Solar Power plant boosts efficiency by 24%
Two 650-foot-tall (200-m) towers have risen in China’s Gansu Province. Combined with an array of 30,000 mirrors arranged in concentric circles, the new facility is expected to generate over 1.8 billion kilowatt-hours of electricity every year.While photovoltaic panels that directly convert sunlight to electricity are what most people think of when they hear the term … Continue reading World’s first dual-tower Concentrated Solar Power plant boosts efficiency by 24%
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Africa’s Biggest Solar Energy Projects
Africa receives more bright sunlight than any other continent, highlighting its massive potential for solar energy solutions to bridge energy gaps. Countries already harness this abundant resource to drive sustainable development, reduce fossil fuel reliance, and boost economic growth. Here are the top ten largest operational solar energy projects across the continent. With the shift … Continue reading Africa’s Biggest Solar Energy Projects
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Photovoltaic and wind energy in the second week of July
In the second week of July, prices in the main European electricity markets rose compared to the previous week. These increases were favored by the drop in wind energy production and the increase in temperatures, which caused demand to rise in most markets. Almost all markets registered negative prices in some hours. Solar energy production … Continue reading Photovoltaic and wind energy in the second week of July
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Energy storage: global capacity to increase by 1 TW by 2033
Global energy storage capacity – excluding pumped hydropower – will increase by almost 1 TW between 2024 and 2033, representing an increase of 636%. Tax incentives and hybrid auctions will accelerate the expansion of the technology around the world. According to consulting firm Wood Mackenzie in its latest report, this makes this technology one of … Continue reading Energy storage: global capacity to increase by 1 TW by 2033
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EU Member States must take urgent action on NECPs and overriding public interest
On 30 June two significant deadlines passed. First, Member States had to submit their revised National Energy and Climate Plans (NECPs) to the European Commission. Second, Governments had to implement the permitting provisions under the new Renewable Energy Directive (REDIII). On both fronts Member States are lagging behind. They must take urgent action. Otherwise the … Continue reading EU Member States must take urgent action on NECPs and overriding public interest
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Tripling renewable energy by 2030 requires a minimum annual growth rate of 16.4%
The Renewable Energy Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that despite renewables becoming the fastest growing source of power, the world risks missing the tripling renewables target pledged at COP28. To stay the course, the world will now have to grow renewables capacity at a minimum 16.4% rate annually … Continue reading Tripling renewable energy by 2030 requires a minimum annual growth rate of 16.4%
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Renewable energy statistics 2024
The International Renewable Energy Agency (IRENA) produces comprehensive, reliable datasets on renewable energy capacity and use worldwide. Renewable energy statistics 2024 provides datasets on power-generation capacity for 2014-2023, actual power generation for 2014-2022 and renewable energy balances for over 150 countries and areas for 2021-2022. Data was obtained from a variety of sources, including an … Continue reading Renewable energy statistics 2024
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China building two-thirds of world’s wind energy and photovoltaic solar projects
Country on track reach 1,200GW of installed wind power and photovoltaic capacity by end of 2024 – six years ahead of Beijing’s target. Between March 2023 and March 2024, China installed more solar than it had in the previous three years combined, and more than the rest of the world combined for 2023, the GEM … Continue reading China building two-thirds of world’s wind energy and photovoltaic solar projects
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China builds twice as much wind power and photovoltaic capacity as the rest of the world
China consolidates its position as a world leader in renewable energy, currently building twice as much wind and photovoltaic capacity as the rest of the world, according to a study published this Thursday. The Asian giant, with 1.4 billion inhabitants and numerous factories due to its status as a manufacturing country, is the world’s largest … Continue reading China builds twice as much wind power and photovoltaic capacity as the rest of the world
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Photovoltaic and wind energy in the first week of July
In the first week of July, prices in most major European electricity markets fell compared to the previous week. Almost all markets registered hours with negative prices in the latter part of the week. Rising wind energy production, as well as lower gas prices and demand in some markets, contributed to the decline in prices. … Continue reading Photovoltaic and wind energy in the first week of July
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Photovoltaic (PV) and wind power uptake to reach 5.4 TWac from 2024 to 2033
Global photovoltaic deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storage, From 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online, increasing the cumulative global total to 8 TWac, … Continue reading Photovoltaic (PV) and wind power uptake to reach 5.4 TWac from 2024 to 2033
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Renewable energies in electricity generation increase by 28% in Iran
The electricity generated by renewable sources increased by 28 percent in the third Iranian calendar month (ended on June 20) compared to the same month last year, ISNA reported. Renewable sources generated more than 230 million kilowatt hours of electricity, an increase of 21 percent in comparison with a month earlier. Wind power plants held … Continue reading Renewable energies in electricity generation increase by 28% in Iran
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Batteries the key as photovoltaic cell prices plunge and wind power and solar ramp up towards 50 pct share
Renewable generation should be around 50 per cent of supply on Australia’s main grid by July, 2026, although it might be a bit less depending on progress on the second stage of Golden Plains, which will be the country’s biggest wind farm – at least for a time – when complete. To get to 80 … Continue reading Batteries the key as photovoltaic cell prices plunge and wind power and solar ramp up towards 50 pct share
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Spain gives the green light to 3,155.8 MW of solar photovoltaic energy and 390.7 MW of wind power in Q2 2024
Spain granted permits for 3,526.5 MW of new photovoltaic and wind energy projects during the second quarter of 2024, according to a report by research firm Opina 360, which extracts figures from BOE announcements. Compared to the first quarter, this is a capacity drop of 40.8%, according to the report written for the organizers of … Continue reading Spain gives the green light to 3,155.8 MW of solar photovoltaic energy and 390.7 MW of wind power in Q2 2024
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Cosin Solar won the tender for the supply of solar field and MSR system equipment for the Luneng 100 MW concentrated solar power project
Cosin Solar Won the Bid of the Molten Salt Thermal Storage & & Exchange System Equipment Supply for the 100MW CSP Project of Luneng Fukang Hybrid Project On June 17, 2024, Cosin Solar received the “Notification of Award” issued by Shandong Luneng Three Public Bidding Co., Ltd., confirming that Cosin Solar won the bid for the Molten … Continue reading Cosin Solar won the tender for the supply of solar field and MSR system equipment for the Luneng 100 MW concentrated solar power project
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Wind energy and photovoltaic solar energy grew in the first four months of 2024 in the US
Rapid growth in solar energy adoption as well as new wind energy coming online, has led to renewable energy sources providing more 30% of the nation’s electrical generation for the first time ever, according to the Energy Information Administration. Solar increased by 25% in the first four months of 2024 compared to the first third … Continue reading Wind energy and photovoltaic solar energy grew in the first four months of 2024 in the US
Continue readingEquinor announces hybrid solar photovoltaic and wind power project in Brazil
Equinor will build a 140 MWp photovoltaic complex in the same location where it already manages a group of wind farmsEquinor announced the construction of its first hybrid renewable energy project in Brazil, in Serra da Babilônia I, in the interior of Bahia. The project will involve the implementation of the Serra da Babilônia photovoltaic … Continue reading Equinor announces hybrid solar photovoltaic and wind power project in Brazil
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US Energy Storage Market Sets Q1 Capacity Installation Record
The U.S. energy storage market set a first-quarter record for capacity installed in Q1 2024, with 1,265 megawatts (MW) deployed across all segments. This marks the highest storage capacity ever installed in a first quarter in the U.S., representing an 84% increase from Q1 2023. According to Wood Mackenzie and the American Clean Power Association’s … Continue reading US Energy Storage Market Sets Q1 Capacity Installation Record
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Repair work at the Cerro Dominador concentrated solar power plant, which will be stopped throughout 2024
After cracks were detected in two hot salt tanks, the contractor of the mega solar thermal plant is working on the reconstruction of these facilities. This agreement is expected to be closed to have an estimated return date. It was in June 2021 when the Cerro Dominador project, located in the Antofagasta Region, was inaugurated, … Continue reading Repair work at the Cerro Dominador concentrated solar power plant, which will be stopped throughout 2024
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