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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EDP awarded with 160MW of capacity contracts for its first storage projects in Poland
EDP Renewables has been awarded with contracts for its two first battery energy standalone storage projects in Poland. The contracts, that will last for a period of 17 years, were granted by the Polish Grid Operator (PSE) in the recent capacity market auction and will amount to a total installed capacity of 160MW. Located in … Continue reading EDP awarded with 160MW of capacity contracts for its first storage projects in Poland
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Renewable energies generate 56% of the Spanish electricity mix in 2024
Their production rises by almost 11% in a record year, twice over: it records the highest renewable production and its highest share since records began. Solar photovoltaics overtakes the combined cycle and is in third place in the mix for the first time in a year once again led by wind power, with 23%. Forecasts … Continue reading Renewable energies generate 56% of the Spanish electricity mix in 2024
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Inflation Reduction Act Delivers Massive Economic Boost and 4X Return on Investment
A new independent study reveals that the Inflation Reduction Act (IRA) will deliver substantial economic benefits for the United States, notably growing the economy by $1.9 trillion over the next ten years. The benefits extend across the energy sector, positively impacting renewable resources, oil, gas, hydrogen, nuclear energy, and battery storage systems as well as … Continue reading Inflation Reduction Act Delivers Massive Economic Boost and 4X Return on Investment
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Spain increases greenhouse gas emissions by 1%
Greenhouse gas emissions rose by 1% in Spain this year compared to 2023 and were at the third lowest point in the historical series, which begins in 1990. This is set out in a report prepared by the Sustainability Observatory (OS) and prepared by the economist and climate change expert José Santamarta, as lead author, … Continue reading Spain increases greenhouse gas emissions by 1%
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India to mandate energy storage for photovoltaic, wind power projects
India’s Ministry of New and Renewable Energy (MNRE) may soon introduce new policies which will mandate the inclusion of battery storage in new solar and wind projects. Speaking at the 21st edition of the Global MSME Business Summit organized by the Confederation of Indian Industry (CII), MNRE Secretary Prashant Kumar Singh said that the government is … Continue reading India to mandate energy storage for photovoltaic, wind power projects
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Six highlights of the global energy transition in 2024
Solar photovoltaic and batteries are the big players in the energy transition in 2024, helping renewables knock fossil fuels – especially coal – off their pedestal in many countries and regions. 2024 was the year of solar and batteries – and this double act is set to reshape global energy systems. Solar superpowers are emerging … Continue reading Six highlights of the global energy transition in 2024
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Photovoltaic and wind energy in the first week of December
December starts with the highest prices of the year for TTF gas and some European electricity markets. In the first week of December, weekly prices in most major European electricity markets continued to exceed €100/MWh. During weekdays, prices were higher than in the previous week, with France, Italy and Belgium reaching their highest values of … Continue reading Photovoltaic and wind energy in the first week of December
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Law in approval endangers the future development of wind power and hydroelectric in Galicia
The associations signing this statement express our disagreement with the measures proposed by the Xunta de Galicia, as they immediately affect the regional renewable sector and in the medium term the entire electricity sector. Measures such as those proposed will inevitably result in an increase in uncertainty and litigation in the sector and, ultimately, a … Continue reading Law in approval endangers the future development of wind power and hydroelectric in Galicia
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China maintains high utilization rates of wind power and photovoltaic
China has maintained high utilization rates of wind and solar power, official data showed Sunday, suggesting the world’s renewables powerhouse has ensured both speed and quality in its green drive. The utilization rates of wind and solar power remained above 95 percent this year, according to data of the National Energy Administration. By the end … Continue reading China maintains high utilization rates of wind power and photovoltaic
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Predictions for energy and natural resources in 2025
This is the season for looking to the future, and for the final Energy Pulse of 2024 I have collected 10 predictions from Wood Mackenzie analysts for the year ahead. The predictions for 2024 that I presented a year ago had quite a good hit rate. Some were spot-on: we were right about the increased … Continue reading Predictions for energy and natural resources in 2025
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US Grid-Scale Energy Storage Continues Strong Year with Highest Q3 Installations on Record
3.8 GW of storage installed across all segments, 80% increase from Q3 2023 • Residential installations hit all-time high The U.S. energy storage market continued its strong growth in Q3 of 2024, with the grid-scale segment setting a new Q3 record at 3,431 megawatts (MW) and 9,188 megawatt-hours (MWh) deployed. According to the American Clean Power … Continue reading US Grid-Scale Energy Storage Continues Strong Year with Highest Q3 Installations on Record
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Security and efficiency: The case for connecting Europe and North America
This paper analyses the ways in which an electricity interconnector could add value as the electricity systems on either side of the north Atlantic rapidly expand and decarbonise. Download PDF This paper examines how transatlantic interconnection could help both North America and Europe to achieve a more secure and efficient transition to renewable electricity. Ember … Continue reading Security and efficiency: The case for connecting Europe and North America
Continue readingPhotovoltaic and wind energy in the first week of December
December starts with the highest prices of the year for TTF gas and some European electricity markets. In the first week of December, weekly prices in most major European electricity markets continued to exceed €100/MWh. During weekdays, prices were higher than in the previous week, with France, Italy and Belgium reaching their highest values of … Continue reading Photovoltaic and wind energy in the first week of December
Continue readingEDP begins construction of its first stand-alone storage project in Europe
The 50 MW capacity battery to be installed in Kent, England, will support the stability of the British grid as more renewable energy projects come onstream in the country. Through EDP Renewables, EDP has already secured more than 130 MW of capacity in storage projects in Europe. EDP Renewables has started the construction of its … Continue reading EDP begins construction of its first stand-alone storage project in Europe
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18,550 MW of photovoltaic and wind energy to be added to Egypt’s grid by 2030
The Egyptian New and Renewable Energy Authority published a report on its official website showing statistics on the private sector’s participation in implementing electricity generation projects from photovoltaic and wind energy with a total capacity of 18,550 megawatts by the year 2030. The report indicates that new wind energy power plants are scheduled to be … Continue reading 18,550 MW of photovoltaic and wind energy to be added to Egypt’s grid by 2030
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UK low-carbon renewable power set to overtake fossil fuels for first time
2024 is set to be the first full year where UK low-carbon renewables generate more electricity than fossil fuels, with wind power close to becoming the single largest source of UK power for the first time. This report reviews power generation statistics for the UK across 2024. It is based on 11 months (Jan-Nov 2024) … Continue reading UK low-carbon renewable power set to overtake fossil fuels for first time
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China expands investments in wind, hydropower and photovoltaic (PV) energy amid global economic slowdown
In response to the global economic slowdown, China has stepped up its investments in green energy, with a new focus on solar PV, wind and hydropower developments. On December 6, 2024, the Chinese government announced that it would allocate an additional $30 billion to renewable energy projects over the next five years, as part of … Continue reading China expands investments in wind, hydropower and photovoltaic (PV) energy amid global economic slowdown
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The challenges of renewable energy in Colombia
For two years, the government and various associations in the energy sector have been warning that Colombia could suffer from energy shortages starting in 2027. This risk comes from various factors that affect everything from generation to the availability of transport networks, with the aggravating factor of climate change, which is no less important. According … Continue reading The challenges of renewable energy in Colombia
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