In 2024, the main European electricity markets reached the lowest yearly prices since 2021, in most cases below €80/MWh. Gas prices were also the lowest since 2021, which contributed to the declines in electricity market prices, along with lower CO2 prices. Solar photovoltaic energy reached historical production records in all markets and wind energy in … Continue reading In 2024 European electricity markets reached their lowest prices since 2021 thanks to renewable energy and falling gas prices
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During the month of December, renewables generated 47.6%, with wind energy being the leading technology in the mix in Spain
Demand for electricity in Spain increased by 1.5% in December. During this month of December, renewables generated 47.6%, with wind power being the leading technology in the national mix. In 2024, renewables will reach a share of 55.8% of the total Spanish mix, as Red Eléctrica anticipated in its year-end estimates, with photovoltaics reaching 16.7% … Continue reading During the month of December, renewables generated 47.6%, with wind energy being the leading technology in the mix in Spain
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Fossil Fuel Interests Ramp Up Their Falsehood That “Wind Power, Photovoltaics Make Electricity More Expensive”
The Wall Street Journal article began: “As nations increasingly use supposedly cheap solar photovoltaic (PV) and wind energy, something strange happens: Our electricity bills get more expensive. This exposes the environmentalist lie that renewables have already surpassed fossil fuels and that the “green transition” is irreversible even under a second Trump administration. The claim that … Continue reading Fossil Fuel Interests Ramp Up Their Falsehood That “Wind Power, Photovoltaics Make Electricity More Expensive”
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Renewable energy production grew by 11% in 2024 in the Netherlands
Driven by photovoltaic solar and wind energy, Dutch renewable power generation increased by 11% in 2024, as green energy was behind 54% of the total power production. Renewable energy production grew by 11% in 2024, according to new figures released by Energieopwek. In the past year, there were more green electricity surpluses which resulted in … Continue reading Renewable energy production grew by 11% in 2024 in the Netherlands
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Portugal’s renewable energy production set to hit record high in 2024
Hydropower produced 28 percent of the electricity consumed in Portugal last year, followed by wind power with 27 percent, photovoltaic at 10 percent and biomass at 6 percent. Renewable energy production rose to a record high in Portugal last year and natural gas consumption fell to a 20-year low as the country installed more solar … Continue reading Portugal’s renewable energy production set to hit record high in 2024
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Baseload power plants are not needed to maintain supply in an energy system dominated by wind power and photovoltaics (PV)
Baseload power plants are not needed to maintain supply in an energy system dominated by wind power and photovoltaics (PV), and only have a place in future systems if they help reduce costs, say researchers in Germany. In a new report, researchers from the German Academy of Sciences and Engineering (acatech) show that energy systems … Continue reading Baseload power plants are not needed to maintain supply in an energy system dominated by wind power and photovoltaics (PV)
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The IEA in 2024: Reviewing the year
The past year was a productive and dynamic one for the International Energy Agency as it marked its 50th anniversary and delivered on the mandates set by its Member governments to support energy security and clean energy transitions. The activities of the IEA throughout 2024 were reviewed last week during the December meeting of the … Continue reading The IEA in 2024: Reviewing the year
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European electricity market prices rose over Christmas week as wind power fell and gas rose
In the fourth week of December, prices in most major European electricity markets rose, exceeding €100/MWh on a weekly average. These rises were driven by lower wind production in most markets, together with higher gas and CO2 prices, despite reduced demand due to the Christmas holidays and an increase in solar photovoltaic generation compared to … Continue reading European electricity market prices rose over Christmas week as wind power fell and gas rose
Continue readingOX2 secures photovoltaic plant of 165 MW and wind power plant of 40 MW at government auctions in Poland
OX2 has won contracts for the sale of electricity at government auctions in Poland, thus gaining support for a photovoltaic (PV) plant of 165 MW and a wind farm of 40 MW. The 40 MW wind farm project is located in south-eastern Poland and will be the eighth wind farm by OX2 in Poland. In … Continue reading OX2 secures photovoltaic plant of 165 MW and wind power plant of 40 MW at government auctions in Poland
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World’s longest underwater cable for photovoltaic solar power gets green light from Singapore in Australia
SunCable receives approval to export photovoltaic (PV) electricity from Australia to Singapore via a 4,300-kilometer underwater cable. The power will come from the world’s largest photovoltaic and battery park, to be built in northern Australia at a cost of 35 billion dollars.SunCable receives approval to export renewable electricity from Australia to Singapore via a 4,300-kilometer … Continue reading World’s longest underwater cable for photovoltaic solar power gets green light from Singapore in Australia
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China to build world’s largest hydroelectric dam in Tibet
China has approved the construction of the world’s largest dam on the Yarlung Tsangpo River in Tibet, the main tributary of the Brahmaputra River.Beijing on Friday defended its plan to go ahead with the construction of a colossal hydroelectric project on the Yarlung Tsangpo River in China’s Tibet Autonomous Region, promising that it would have … Continue reading China to build world’s largest hydroelectric dam in Tibet
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Spain has 29 projects from the EU Innovation Fund, with more than 1,286 million in aid
Spain has a total of 29 projects awarded under the EU Innovation Fund, linked to a volume of aid of 1,286 million euros, making it the country with the most beneficiary projects. The projects, widely distributed geographically, will be developed in very diverse sectors, such as the manufacture of photovoltaic modules and wind turbines, the … Continue reading Spain has 29 projects from the EU Innovation Fund, with more than 1,286 million in aid
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Batteries set to drive rapid photovoltaic growth
Chemical battery storage, led by lithium, has made such significant strides in terms of cost, capacity and technology that batteries are now positioned to accelerate our already exponential photovoltaic solar growth. “But what happens when the sun goes down?” This age-old refrain now has a definitive answer: “Batteries take over.” Throughout 2023 and 2024, lithium-based … Continue reading Batteries set to drive rapid photovoltaic growth
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Electricity access continues to improve in 2024 – after first global setback in decades
People without access to electricity declined in 2023, a trend set to continue in 2024 The IEA’s latest data show the number of people without access to electricity declined by more than 10 million from over 760 million in 2022 to below 750 million in 2023. This follows a period of stagnation and setbacks in … Continue reading Electricity access continues to improve in 2024 – after first global setback in decades
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Wind power and photovoltaic solar energy overtakes thermal power in China’s coal-rich Inner Mongolia
The installed new energy capacity, which includes wind power and photovoltaic solar energy, in North China’s coal-rich Inner Mongolia autonomous region has surpassed 120 million kilowatts, exceeding the region’s installed thermal power capacity for the first time. Inner Mongolia has achieved this milestone one year ahead of schedule, most recently having connected a 1-million-kilowatt photovoltaic … Continue reading Wind power and photovoltaic solar energy overtakes thermal power in China’s coal-rich Inner Mongolia
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Iberdrola completes merger with Avangrid
Iberdrola today completed its merger with US subsidiary Avangrid after acquiring the 18.4% of the shares it did not already control. Avangrid shareholders will receive $35.75 per share, and the company will be delisted from the New York Stock Exchange. The operation was completed after the green light was given by the Federal Energy Regulatory … Continue reading Iberdrola completes merger with Avangrid
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Masdar expands photovoltaic and wind power portfolio in Europe
Masdar has acquired Saeta Yield and partnered with Endesa S.A. in Spain. UAE’s clean energy leader has acquired Saeta, an established renewables platform with an operating portfolio of 745MW of predominantly wind assets, and a 1.6GW development pipeline in Spain and Portugal, for an enterprise value of €1.2 billion.Masdar is also partnering with Endesa in … Continue reading Masdar expands photovoltaic and wind power portfolio in Europe
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Wind energy takes center stage in the second-to-last week of 2024 and, together with lower demand, drives down electricity market prices across Europe
In the penultimate week of 2024, prices in the main European electricity markets fell, after several weeks of increases. This fall was favored by increased wind energy production and lower electricity demand, associated with cooler temperatures. In addition, solar photovoltaic energy production increased in several markets, and again broke records for a December day in … Continue reading Wind energy takes center stage in the second-to-last week of 2024 and, together with lower demand, drives down electricity market prices across Europe
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The new capacity market, key to battery deployment in Spain
The new capacity market aims to guarantee the security of electricity supply and promote the development of key technologies such as batteries. This market provides a stable source of revenue for energy storage projects, essential for the transition to a more renewable and flexible system. The capacity market is emerging as an essential tool to … Continue reading The new capacity market, key to battery deployment in Spain
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China’s largest concentrated solar power project in northwestern Xinjiang connects to State Grid
The 1-million-kilowatt integrated concentrated solar-thermal power (CSP) and photovoltaic (PV) energy demonstration project in Hami, in Northwest China’s Xinjiang Uygur Autonomous Region, has commenced power generation and connected to the State Grid, a spokesperson from the Northwest Electric Power Design Institute of China Power Engineering Consulting Group, the project’s contractor, told the Global Times on … Continue reading China’s largest concentrated solar power project in northwestern Xinjiang connects to State Grid
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