The Spanish electricity market registers negative prices for the first time and, together with Portugal, continues to have the lowest prices in Europe. In the last week of March, the Iberian MIBEL market registered the lowest prices in Europe for the eighth consecutive week and the Spanish market registered negative prices for the first time … Continue reading Solar photovoltaic and wind energy in the last week of March
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More than 3,000 new industrial projects choose Andalusia for being one of the national photovoltaic powers
The Spanish Photovoltaic Union, a solar energy sector association in Spain, today organized its General Assembly of Members in Andalusia in which the election of the new territorial delegate of UNEF took place. The event, which was attended by more than 50 people and the institutional presence of the Junta de Andalucía, was held under … Continue reading More than 3,000 new industrial projects choose Andalusia for being one of the national photovoltaic powers
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Wind power generated 27.1% of electricity in Spain in March and photovoltaics 13.6%
The demand for electrical energy in Spain increases by 1.9% in March. Renewables reach a record monthly production (14,591 GWh) and also coverage in the mix (65.2%). Generation without emissions accounts for 82.2% of the total and reaches its highest share since records began. For the sixth consecutive month, wind energy continues to be the … Continue reading Wind power generated 27.1% of electricity in Spain in March and photovoltaics 13.6%
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Cero to include battery storage in its 370 MW photovoltaic plant in Greece
Macquarie’s subsidiary Cero Development Hellas received a green light for adding batteries with an overall capacity of 749 MWh to its project for a 370 MW photovoltaic plant in Central Greece. Renewable energy investors are increasingly turning to batteries to keep their solar power projects on track. As electricity consumption in Greece is stagnating and … Continue reading Cero to include battery storage in its 370 MW photovoltaic plant in Greece
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Conditions for the assembly, this year, of the first 46 large photovoltaic solar plants in Cuba
The investment project until 2028 foresees a total of 92 sites of 21 megawatts of power each. The completion of an investment process that includes, until 2028, the installation of 92 photovoltaic solar plants, with the capacity to generate 2,000 megawatts, has already been launched, Vicente de la O Levy, Minister of Energy and Mines, … Continue reading Conditions for the assembly, this year, of the first 46 large photovoltaic solar plants in Cuba
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Peru: 4 wind energy and photovoltaic solar power plants begin operations in 2024
Investment in project execution exceeds US$530 million and will add 507 megawatts of power to the National Interconnected Electric System (SEIN). The investment in the execution of these projects exceeds 530 million dollars. These plants are located in the regions of Ica, Arequipa and Moquegua; and will help Peru increase the non-conventional renewable energy component … Continue reading Peru: 4 wind energy and photovoltaic solar power plants begin operations in 2024
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Power capacity additions reached a new benchmark of 473 gigawatts in 2023, but many countries are cut off from the benefits of energy transitions
Renewable Capacity Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that 2023 set a new record in renewables deployment in the power sector by reaching a total capacity of 3 870 Gigawatts (GW) globally. Renewables accounted for 86% of capacity additions; however, this growth is unevenly distributed across the world, indicating … Continue reading Power capacity additions reached a new benchmark of 473 gigawatts in 2023, but many countries are cut off from the benefits of energy transitions
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EDP Renewables and Walmart sign a new long-term photovoltaic energy purchase and sale agreement in the US.
The agreement adds to a long-standing partnership that includes 431 MW of offtake from both utility-scale and distributed generation sites across North America. EDP Renewables North America LLC (EDPR NA) and Walmart Inc. have signed a 15-year power purchase agreement (PPA) for a part of a 250 MWp (or 180 MWac) solar project in Texas, in the … Continue reading EDP Renewables and Walmart sign a new long-term photovoltaic energy purchase and sale agreement in the US.
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How PPAs Shape the Future of Renewable Energy
As the world is on its path toward a sustainable future, the United States stands at the forefront of the net zero transition. One of the key drivers behind the green energy transformation is the widespread adoption of Power Purchase Agreements (PPAs). Patrick Pfeiffer, Head of Statkraft US, discusses the role of PPAs in shaping … Continue reading How PPAs Shape the Future of Renewable Energy
Continue readingChina-Nauru cooperation in photovoltaic solar energy
The Pacific island nation Nauru signed up for the Belt and Road Initiative on Monday. Since China and Nauru restored diplomatic ties earlier this year, bilateral win-win cooperation has rapidly expanded, yielding beneficial outcomes for local communities. Nauru, with its beautiful tropical scenery and brilliant sunshine, is endearingly dubbed as a «pearl of the Pacific.» … Continue reading China-Nauru cooperation in photovoltaic solar energy
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Chile already has 9,916 MW of photovoltaics (PV)
The Chilean Association of Renewable Energy and Storage (Acera) has shared its monthly report. During February 2024, the generation of electrical energy from renewable energies reached 38.2%. Photovoltaic solar leads renewable generation and was responsible for 22.9% of generation. During February 2024, the maximum hourly participation by renewable energies reached 69.5%, and occurred at 4 … Continue reading Chile already has 9,916 MW of photovoltaics (PV)
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Half of the developers offer batteries in their photovoltaic portfolio in Brazil
Greener published the results of its most recent study on the distributed photovoltaic (PV) generation market in Brazil, revealing some significant trends. Among them, the fact that 49% of respondents said they had hybrid systems in their portfolio stood out, and 12% recorded at least one sale of a kit containing a battery. According to … Continue reading Half of the developers offer batteries in their photovoltaic portfolio in Brazil
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Unergy announces its first agrivoltaic projects in Colombia
While installing photovoltaics (PV) on agricultural land is a controversial topic in Europe, Unergy mini-farms in Latin America offer a real answer to agricultural problems caused by strong sunlight. Unergy, a Latin American CleanTech and FinTech company specialized in financing high-performance renewable energy production assets, announces the implementation of its first agrivoltaic projects in Colombia, … Continue reading Unergy announces its first agrivoltaic projects in Colombia
Continue readingEndesa will build its largest photovoltaic (PV) solar power plant with battery storage in the Canary Islands at the Barranco de Tirajana plant
The eight hectares that the facility will occupy will be capable of supplying more than three thousand homes and will be on the free land within the Barranco de Tirajana Power Plant.The eligible investment amounts to 11.5 million euros, of which 5.6 million correspond to the Next Generation funds of the European Union.The solar park … Continue reading Endesa will build its largest photovoltaic (PV) solar power plant with battery storage in the Canary Islands at the Barranco de Tirajana plant
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Breakdown at Saudi concentrated solar power plant in Morocco costs firm $47 million
Saudi Arabian renewable energy utility ACWA Power International on Sunday reported a storage breakdown at one of the solar power plants it operates in Morocco that will cost the company an estimated $47 million. The 150-megawatt plant, part of the Noor Ouarzazate solar complex, will be forced to remain idle until November 2024, the company … Continue reading Breakdown at Saudi concentrated solar power plant in Morocco costs firm $47 million
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Power China has begun construction of the world’s only 200 MW Tower Concentrated Solar Power
In something of an experiment, Power China Northwest is building their new Tower Concentrated Solar Power (CSP) in western Haixi at 200 MW – twice the normal 100 MW. Perhaps updated optical efficiency at long distance has become possible due to advances in technology? Here; Power China’s first project; Gonghe 50 MW tower CSP in … Continue reading Power China has begun construction of the world’s only 200 MW Tower Concentrated Solar Power
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China seeks win-win for economic growth, carbon reduction
Sun Tao, an environmentalist from Yangzhong in east China’s Jiangsu Province, has made a conscious decision to charge his electric car at a parking lot near his home that offers green charging services. The 180-square-meter car park, part of a local microgrid project, is equipped with photovoltaic panels and energy storage facilities. The green electricity … Continue reading China seeks win-win for economic growth, carbon reduction
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Iberdrola will invest €41 billion and hire 10,000 people by 2026 to accelerate electrification
“The electrification of energy is unstoppable and will expand exponentially in the years ahead, supporting decarbonisation, boosting energy security, and reducing the volatility caused by fossil fuels. Our strategic pillars focus on networks, geographical diversification, and a balanced energy and customers mix. This plan will allow us to grow our asset base, grow our profitability … Continue reading Iberdrola will invest €41 billion and hire 10,000 people by 2026 to accelerate electrification
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Sicily produces photovoltaic energy and good wine together
In Salaparuta, the Cantine Vaccaro vineyard lives in perfect harmony with photovoltaic panels. The installation is part of the “Agrivoltaico Open Labs” initiative, a series of open-air innovation laboratories where we test the integration of solar energy production, agriculture and biodiversity protection. What does good wine have to do with renewable electricity? The answer is … Continue reading Sicily produces photovoltaic energy and good wine together
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US Energy Storage Market Breaks Installation Record in Q4 2023
The US energy storage market shattered previous records for deployment across all segments in the final quarter of 2023, with 4,236 megawatts (MW) installed over the period, a 100% increase from Q3 according to a new report released today. For the first time, the grid-scale segment exceeded 3 gigawatts (GW) deployed in one quarter and … Continue reading US Energy Storage Market Breaks Installation Record in Q4 2023
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