Wind energy production increased compared to October in most major European markets. In November, monthly prices in most major European electricity markets exceeded €100/MWh. In almost all markets, this was the highest monthly price since at least May 2023. The increase in gas prices, which reached the highest average since December 2023, was the main … Continue reading Solar photovoltaic energy registered historical production records for the month of November in Spain, Italy, France and Portugal
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Galán meets with President Lula in Brasilia and reaffirms commitment to Brazil
During a meeting this morning in Brasilia with the country’s president, Luiz Inácio Lula da Silva, Galán reaffirmed his commitment to Brazil’s energy transition. The meeting was also attended by the Ministers of Mines and Energy, Alexandre Silveira, and of the Civil House, Rui Costa, as well as the CEO of Neoenergia, Eduardo Capelastegui. Neoenergia, … Continue reading Galán meets with President Lula in Brasilia and reaffirms commitment to Brazil
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The Middle East and Africa holds the potential to become a global leader in renewable energy over the next decade. As governments in countries including Egypt, Saudi Arabia and South Africa have started to embrace clean energy targets, solar PV and onshore wind are poised for significant growth, with installed capacity jumping more than eightfold … Continue reading
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Indonesia phasing out coal by 2040 requires ramping up renewables
Indonesia’s coal phase-out requires boosting renewables to 65% by 2040, integrating battery storage, and retiring 3 GW of coal annually. Indonesia eyes coal phase out by 2040 By increasing renewables share to 65% in the power mix by 2040, and retiring 3 GW of coal annually, Indonesia may reach the target. The coal retirement target … Continue reading Indonesia phasing out coal by 2040 requires ramping up renewables
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During the month of November, renewables generated 50.8%, with wind power being the leading technology in Spain’s mix
On November 21, the Spanish electricity system recorded the largest contribution of GWh of wind energy in a single day, up to 434 GWh, half of the entire national production for that day. The demand for electricity in Spain fell by 0.4% in November.National electricity demand in November fell by 0.4% compared to the same … Continue reading During the month of November, renewables generated 50.8%, with wind power being the leading technology in Spain’s mix
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American Clean Energy Breaks Records, Largest Q3 Ever
The American Clean Power Association (ACP) today released its latest Clean Power Quarterly Market Report, detailing a surge in clean energy deployment during Q3 2024, with 10.2 GW of clean energy capacity coming online. This record-setting quarter positions the industry to achieve a historic year in 2024, underscoring the strength of American clean power. Year-to-date … Continue reading American Clean Energy Breaks Records, Largest Q3 Ever
Continue readingDecline in wind energy allows gas to push European electricity markets above €100/MWh in the last week of November
In the last week of November, prices in most major European electricity markets increased and registered weekly averages above €100/MWh. The main causes of this increase were lower wind energy production and higher gas prices. Solar photovoltaic energy production was higher than the previous week and reached the second highest value for a November day … Continue reading Decline in wind energy allows gas to push European electricity markets above €100/MWh in the last week of November
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Türkiye to invest $10B in energy storage to boost wind power and photovoltaic solar energy
Türkiye is making significant strides toward its 2053 net-zero carbon emissions goal by ramping up investments in energy storage systems according to Türkiye daily. The Energy Market Regulatory Authority (EMRA) approved a 35-gigawatt-hour (GWh) capacity allocation for grid-scale storage projects, with an estimated investment of $10 billion. Timeline: Energy storage investments will gain speed by … Continue reading Türkiye to invest $10B in energy storage to boost wind power and photovoltaic solar energy
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Naturgy secures AUD 2.3 billion in financing to boost development of its photovoltaic and wind energy portfolio in Australia
The group, through its international subsidiary Global Power Generation, has signed a financing line that will allow it to strengthen its liquidity and, at the same time, provide a financing platform to support GPG’s growth in Australia. GPG closes 2024 with a portfolio of 1 GW of projects in operation, to which 360 MW under … Continue reading Naturgy secures AUD 2.3 billion in financing to boost development of its photovoltaic and wind energy portfolio in Australia
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Iran’s photovoltaic and wind power plants’ capacity reaches 1,317 MW
Iran’s renewable power capacity has reached 1,317 megawatts (MW), according to the latest data from the country’s Renewable energy and Energy Efficiency Organization (SATBA). Of this total, photovoltaic solar power plants contribute the largest share at 60 percent, equivalent to 608.03 MW, while wind power plants account for 29 percent, or 376.3 MW. Small hydropower … Continue reading Iran’s photovoltaic and wind power plants’ capacity reaches 1,317 MW
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Naturgy and the EIB agree on a €1 billion loan to invest in solar photovoltaic and onshore wind energy projects in Spain
Naturgy and the EIB have signed a first tranche of this financing worth €400 million of the total approved €1 billion. The loan will finance the start-up of new renewable energy plants and the repowering and hybridisation of existing ones. Upon completion, the project is expected to generate green energy equivalent to the approximate average … Continue reading Naturgy and the EIB agree on a €1 billion loan to invest in solar photovoltaic and onshore wind energy projects in Spain
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Solar energy is losing market value, wind energy maintains it better
In recent times, solar photovoltaic energy has experienced unprecedented growth in many countries. Spain is a particularly clear example, where more than 3 GW have been installed annually since 2019, with 5.5 GW installed last year (excluding self-consumption, which adds a significant contribution). As a result, solar energy is becoming one of the key players … Continue reading Solar energy is losing market value, wind energy maintains it better
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EU’s energy security architecture – the way forward
Energy security has risen to the top of the EU’s political agenda, yet much remains to be done. The EU cannot continue relying on imported fossil fuels, putting its energy security in the hands of hostile nations. This becomes critical considering the US president-elect’s calls for reduced US military engagement in Europe. Solutions like wind, … Continue reading EU’s energy security architecture – the way forward
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China’s New Renewable Energy Plan: Key Insights for Businesses
China’s new renewable energy plan aims to significantly boost the country’s renewable energy consumption, setting ambitious targets for 2025 and 2030. Unlike previous plans focused primarily on capacity installation, the new strategy emphasizes maximizing renewable energy utilization through infrastructure upgrades and sectoral integration across industries, including transportation, agriculture, and manufacturing. This shift is expected to … Continue reading China’s New Renewable Energy Plan: Key Insights for Businesses
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Hybrid technology boosts wind and solar photovoltaic energy
Increasingly weather-dependent electricity production makes grid operation more complex. A plant in Hjuleberg, Sweden, is using a solution based on new smart technology, combining wind power and batteries to bring optimum stability to the grid. Wind and solar power are the fastest-growing energy sources in the world today, thanks to their low climate impact and … Continue reading Hybrid technology boosts wind and solar photovoltaic energy
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Portugal breaks new records in wind power and pumping
Between January and October, renewable energies supplied 72% of electricity consumption in Portugal. During this period, hydroelectric energy was responsible for supplying 30% of consumption, wind energy 26%, photovoltaic energy 10% and biomass 6%.According to the latest data from REN – Redes Energéticas Nacionais, the electrical system set new historical records in renewables this Sunday, … Continue reading Portugal breaks new records in wind power and pumping
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European wind energy continued to curb the effect of the gas price rise on electricity markets in the third week of November
In the third week of November, average prices in most major European electricity markets declined compared to the previous week. On Sunday, November 24, several markets registered the lowest daily price since at least the last three months. High wind energy production, which during the week reached historical or November records in the main European … Continue reading European wind energy continued to curb the effect of the gas price rise on electricity markets in the third week of November
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EU’s energy security architecture – the way forward
Energy security has risen to the top of the EU’s political agenda, yet much remains to be done. The EU cannot continue relying on imported fossil fuels, putting its energy security in the hands of hostile nations. This becomes critical considering the US president-elect’s calls for reduced US military engagement in Europe. Solutions like wind, … Continue reading EU’s energy security architecture – the way forward
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Sungrow Hydrogen’s 2.6GW wind power and photovoltaic solar project starts construction
Sungrow Hydrogen recently has signed a cooperation agreement with China Tianying Inc. for the Tianying Green Hydrogen, Green Ammonia and Green Methanol Project. Sungrow Hydrogen will deliver 16 sets of 1000Nm³/h ALK hydrogen production system, including ALK electrolyzers, PWM hydrogen production power supply, as well as gas-liquid separation equipment, hydrogen purification equipment, for this project. … Continue reading Sungrow Hydrogen’s 2.6GW wind power and photovoltaic solar project starts construction
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Spain’s photovoltaic solar power poised to surpass wind power
Spain’s solar power is on track to overtake wind power as the leading source in the country’s expanding renewable energy sector, which now accounts for more than half of the total energy mix, industry insiders told Xinhua. Renewable energy sources have supplied 57.5 per cent of Spain’s electricity production this year, according to the association … Continue reading Spain’s photovoltaic solar power poised to surpass wind power
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