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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Yesterday, wind power reached a new historical generation maximum in Spain with 433.7 GWh, 52% of the daily mix
On July 12 of this year, solar photovoltaic energy surpassed its daily production records by reaching a contribution of 211.9 GWh, with which it achieved a share of 25.4% in the national generation structure. Spanish renewables are expected to exceed their entire annual production for 2023 today, which would mark a new historical milestone for … Continue reading Yesterday, wind power reached a new historical generation maximum in Spain with 433.7 GWh, 52% of the daily mix
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Spain and Portugal both get 40% of their electricity from photovoltaic and wind power
European neighbors Portugal and Spain are currently neck-and-neck in the race to roll out solar and wind power. On the chart, you can see the share of electricity from the combination of solar and wind in each country. Their rate of progress has been very similar. In 2023, both countries generated around 40% of their … Continue reading Spain and Portugal both get 40% of their electricity from photovoltaic and wind power
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Progress since COP28 on transitioning away from fossil fuels
At COP28, global leaders united under the ambitious ‘UAE Consensus’ to push ambition closer to the 1.5C climate target. Their headline commitment: transition away from fossil fuels. This commentary looks to see where we are 12 months later, as this week G20 leaders reconfirmed their support for the agreements made in the COP28 global stocktake … Continue reading Progress since COP28 on transitioning away from fossil fuels
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Photovoltaic and wind energy in the second week of NovemberPhotovoltaic and wind energy
Wind power prevents rising gas prices from driving up European electricity market prices in the second week of November. In the second week of November, average prices in most major European electricity markets exceeded €100/MWh, although they were lower than the previous week. This decrease occurred thanks to the increase in wind energy production and … Continue reading Photovoltaic and wind energy in the second week of NovemberPhotovoltaic and wind energy
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The impact of Republican control on US energy policy and the IRA
We expect renewables to remain competitive, and while protectionism will rise, a full repeal of Inflation Reduction Act (IRA) is unlikely. Following the US election, our experts from across the energy sector have worked to produce a cross-commodity report – ‘A second Trump administration Part 2: A deep dive into energy and commodities‘ – outlining … Continue reading The impact of Republican control on US energy policy and the IRA
Continue readingVoltalia and TAQA Arabia to develop 3 GW wind power and photovoltaic plant in Egypt
As the wind turbines near the end of their operational lifespan, Voltalia and TAQA Arabia have proposed a modern hybrid renewable energy solution. Voltalia and TAQA Arabia have partnered to replace the capacity of the ageing Zafarana wind farm in Egypt with a 3 GW wind-solar photovoltaic complex. In this regard, the two companies signed … Continue reading Voltalia and TAQA Arabia to develop 3 GW wind power and photovoltaic plant in Egypt
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Acciona Energía sells 626 MW hydro portfolio in Spain to Endesa for €1 billion
ACCIONA Energía has reached an agreement with Endesa for the sale of 100% of the Corporación Acciona Hidráulica, S.L. company for €1 billion (Enterprise Value). The transaction is free of debt and will generate estimated capital gains of €620 million. Closing is anticipated in the first half of 2025, following the necessary antitrust and foreign … Continue reading Acciona Energía sells 626 MW hydro portfolio in Spain to Endesa for €1 billion
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A 70 GW photovoltaic and wind energy project in Australia, the largest in the world
Today, let’s talk about a massive renewable project proposed in Australia: the Western Green Energy Hub (WGEH). The figures are staggering. This is one of the largest and most ambitious renewable energy projects in the world, planned to cover an area of no less than 22,700 square kilometers on the desert coast of Western Australia. … Continue reading A 70 GW photovoltaic and wind energy project in Australia, the largest in the world
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Green energy corridors for Central Asia and the Caucasus
COP29 host Azerbaijan and its neighbors are still largely fossil dependent, but regional collaboration around renewables could usher in a new era. ? Download PDF Ufuk Alparslan Regional LeadEmber This study analyses the current electricity mix, untapped renewable energy potential and energy transition commitments across Central Asia and the Caucasus. It highlights the role of … Continue reading Green energy corridors for Central Asia and the Caucasus
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Donald Trump’s promise to repeal Biden’s climate policies will cost the US billions, report says
Donald Trump could slow America’s rise as a clean energy superpower and lose billions of dollars in investment. China will benefit from Trump’s ignorance, becoming the undisputed world leader in wind power, photovoltaics, electric vehicles and batteries, among other sectors. Under Donald Trump, the United States will precipitate its decline. Trump said before his election … Continue reading Donald Trump’s promise to repeal Biden’s climate policies will cost the US billions, report says
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Indonesia to build 75 GW of renewable energy in the next 15 years
The renewable projects would include photovoltaic, hydro, geothermal and wind power, Hashim said, without explaining plans for the remaining 25 GW.Indonesia’s current installed power capacity is more than 90 GW, with more than half of that powered by coal and less than 15% by renewables. It currently has no nuclear capacity, a controversial topic in … Continue reading Indonesia to build 75 GW of renewable energy in the next 15 years
Continue readingPhotovoltaic and wind energy in the first week of November
In the first week of November, prices in the main European electricity markets rose, with most of their weekly averages exceeding €110/MWh. In some markets, hourly prices were the highest since 2022, and in others, the highest of this year. The increase in demand, as well as the decrease in wind energy production and photovoltaic … Continue reading Photovoltaic and wind energy in the first week of November
Continue readingIn 12 months the renewables market has moved but governments have not
Tripling global renewables is the single biggest action the world can take for the climate this decade. An analysis of 2030 renewables targets shows that, while renewables markets are surging, governments have not updated renewables ambition in the lead-up to COP29. ? Download PDF Katye Altieri Electricity Transition Analyst (Global)Ember Oya Zaimoglu Data Analyst (2030 … Continue reading In 12 months the renewables market has moved but governments have not
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India adds 20 GW of solar photovoltaic and wind capacity in last 9 months
Capacity additions led by solar PV. India remains the leader in renewable energy, having added 20,146 gigawatts (GW) of solar PV and wind capacity in the first nine months of the year (9M 2024). According to JMK Research, solar PV accounted for the largest share of new capacity, at 17,444 megawatts (MW), while wind added … Continue reading India adds 20 GW of solar photovoltaic and wind capacity in last 9 months
Continue readingNDCs 3.0 a ‘Make or Break’ for Global Goal to Triple Renewables by 2030
Even if all COP announcements to date were to be fully implemented, a significant CO2 emission gap would still need to be closed by 2050, according to IRENA’s World Energy Transitions Outlook 2024. Released at the opening of the UN Climate Conference COP29 in Baku, Azerbaijan, the Agency’s 1.5°C Scenario outlines a net-zero path by … Continue reading NDCs 3.0 a ‘Make or Break’ for Global Goal to Triple Renewables by 2030
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What’s next for energy after the US elections?
President Trump plans a sharp change of direction. The US elections last week are set to transform the energy landscape, with the Republicans now in control of the presidency, the Senate, and likely the House of Representatives. They intend to set a new direction for energy policy, emphasising affordability and reliability over sustainability and climate. … Continue reading What’s next for energy after the US elections?
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Uzbekistan aims to have more than 18,000 MW of wind energy and photovoltaic solar power by 2030
By 2026, Uzbekistan plans to have 5,000 MW of photovoltaic (PV) and wind capacity, and by 2030 this figure is expected to exceed 18,000 MW. This would allow the country to produce 50 billion kWh of electricity per year, save 15 billion cubic meters of natural gas and avoid the emission of 21 million tons … Continue reading Uzbekistan aims to have more than 18,000 MW of wind energy and photovoltaic solar power by 2030
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The consequences of Donald Trump’s re-election for renewable energies such as wind power and photovoltaic
The transition to sustainable energy faces challenges as Trump outlines fossil fuel production strategies. He is a skeptic and an ignoramus when it comes to everything related to climate change, and nothing good can be expected from an already well-known character.Trump has already declared his hatred of wind energy by spreading lies and falsehoods again … Continue reading The consequences of Donald Trump’s re-election for renewable energies such as wind power and photovoltaic
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TE H2, Copenhagen Infrastructure Partners, and A.P. Møller Capital Partner for a Large-Scale Project in the Kingdom of Morocco
Under the presidency of His Majesty King Mohammed VI of Morocco and His Excellency Emmanuel Macron, President of the French Republic, the government of the Kingdom of Morocco and TE H2, along with its partners, signed a Preliminary Contract for Land Reservation for the ‘Chbika’ project. This agreement will allow TE H2, a joint venture … Continue reading TE H2, Copenhagen Infrastructure Partners, and A.P. Møller Capital Partner for a Large-Scale Project in the Kingdom of Morocco
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