In the last week of September, wind energy production increased in the main European markets and registered historical daily production records for September in several markets. This favored the decline in electricity market prices, even though gas and CO2 prices increased during the week. Solar photovoltaic energy production declined in most markets with the arrival … Continue reading European wind energy production reached records for September
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Price cannibalisation triggers the signing of electricity contracts that combine wind power and solar photovoltaic
In Spain, long-term power purchase agreements, known as PPAs, have been signed that hybridise both technologies for a total of 1.3 GW in the first half of the year. Offshore wind power also promises a new era. Spain is one of the countries with the lowest electricity prices in Europe during solar photovoltaic generation hours. … Continue reading Price cannibalisation triggers the signing of electricity contracts that combine wind power and solar photovoltaic
Continue readingAcciona Energía completes 19.7 MWp photovoltaic generation installation with wind energy in Cuenca
Located in the municipalities of Villalba del Rey and Tinajas (Cuenca), the new 19.7 MWp photovoltaic facility joins an existing 26 MWp wind farm. ACCIONA Energía has completed its second hybrid renewable generation facility with the construction of a 19.7MWp photovoltaic plant on the site of the existing Peralejo wind farm (26MW), in the municipalities … Continue reading Acciona Energía completes 19.7 MWp photovoltaic generation installation with wind energy in Cuenca
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Spain approves 650 MW for 11 photovoltaic and hybridisation projects, including 39.6 BESS from Naturgy
The Official State Gazette contains announcements corresponding to the last week of September of 11 photovoltaic and hybridisation projects with wind energy and batteries (BESS).Prior administrative authorisation of the construction modifications, and the declaration of public utility, for the Mudarra 1 photovoltaic installation of 52.525 MW and its evacuation infrastructures, in the municipal terms of … Continue reading Spain approves 650 MW for 11 photovoltaic and hybridisation projects, including 39.6 BESS from Naturgy
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The Future of European Electricity Markets: Batteries, Hybridisation and Profitability
European electricity markets are facing an unprecedented energy revolution, driven by the rise of renewable energies. Batteries and hybridisation of technologies are emerging as key players in this transformation process, not only optimising the integration of clean energy but also mitigating price volatility and increasing the profitability of investments. Falling battery prices and the advance … Continue reading The Future of European Electricity Markets: Batteries, Hybridisation and Profitability
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Photovoltaic and wind energy in the third week of September
In the third week of September, prices in most major European electricity markets were higher than the previous week. The decline in solar and wind energy production in most markets favored this trend. Despite the weekly decline, wind energy production reached levels not seen in several months in Spain, Portugal and France on the 17th. … Continue reading Photovoltaic and wind energy in the third week of September
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The revolution of renewable energy in China
In recent years, China has emerged as a global leader in renewable energy, setting determined goals and accomplishing extraordinary milestones. As the world grapples with the urgent need to shift towards sustainable energy sources, China’s efforts in renewable energy serve as a model for other nations. China set a target of decarbonization and to become … Continue reading The revolution of renewable energy in China
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Record Growth Drives Cost Advantage of Renewable Power
81% of renewable additions in 2023 were cheaper than fossil fuel alternatives, offering countries a compelling business and investment case to triple renewables by 2030. In 2023, the global weighted average levelised cost of electricity (LCOE) from newly commissioned utility-scale solar photovoltaic (PV), onshore wind energy, offshore wind and hydropower fell. Between 2022 and 2023, … Continue reading Record Growth Drives Cost Advantage of Renewable Power
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The Council of Ministers approves Spain’s National Integrated Energy and Climate Plan
The new PNIEC estimates that by 2030 there will be 62 gigawatts (GW) of wind power installed, with 3 GW corresponding to offshore wind power – compared to 50 GW in the previous PNIEC – as well as a huge deployment of solar photovoltaic up to 76 GW (including 19 GW of self-consumption), 4.8 GW … Continue reading The Council of Ministers approves Spain’s National Integrated Energy and Climate Plan
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China’s first ‘concentrated solar power, thermal energy storage, photovoltaic and wind power’ project goes into full production
A milestone for renewable energy in China in Yumen City, Gansu Province, China National Nuclear Corporation’s Xinhua Hydropower Company put into full production its ‘Solar Thermal Plus’ demonstration project on September 20.It has a capacity of 100 megawatts and marks a major advancement in the integration of concentrating solar power, thermal storage, photovoltaic, and wind … Continue reading China’s first ‘concentrated solar power, thermal energy storage, photovoltaic and wind power’ project goes into full production
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Japan can raise renewable energy share to 80% by 2035
Japan could boost the share of renewable energy in its electricity production to 80 percent by fiscal 2035 by expanding the use of storage batteries and enhancing regional power grid cooperation, a Japanese think tank said in a recent study. Japan could achieve a sharp increase in the share of renewables in its power generation … Continue reading Japan can raise renewable energy share to 80% by 2035
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Renewable Energy in Indonesia: Current Development and Future Prospects
As one of the largest and most populous nations in Southeast Asia, Indonesia faces growing energy demands that need the expansion of its energy production capacity. Traditionally, the country has relied on fossil fuels, particularly coal, oil, and natural gas, to power its economy. However, the need to reduce greenhouse gas emissions, improve energy security, … Continue reading Renewable Energy in Indonesia: Current Development and Future Prospects
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Chart: How Much Photovoltaic or Wind Power Dominate Renewable Energy in Different Countries
I was going through the new Integrating Solar and Wind: Global experience and emerging challenges report from the International Energy Agency (IEA), and I noticed an interesting graph. Well, there are at least a few interesting charts, but this one chart is something I don’t think I’ve ever seen. The chart (above and below) shows … Continue reading Chart: How Much Photovoltaic or Wind Power Dominate Renewable Energy in Different Countries
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The Future of European Electricity Markets: Batteries, Hybridisation and Profitability
European electricity markets are facing an unprecedented energy revolution, driven by the rise of renewable energies. Batteries and hybridisation of technologies are emerging as key players in this transformation process, not only optimising the integration of clean energy but also mitigating price volatility and increasing the profitability of investments. Falling battery prices and the advance … Continue reading The Future of European Electricity Markets: Batteries, Hybridisation and Profitability
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Grid Limitations Hold Back Renewables Breakthrough, Says New REN21 Report
Renewable energy has the full potential to power the world’s energy demands but can only be achieved through urgent improvements in grid infrastructure and integrated planning, REN21 report shows.Paris, France — In 2023, renewable energy hit a record-breaking high, accounting for 30% of global electricity, with solar and wind contributing to 13% of the total. … Continue reading Grid Limitations Hold Back Renewables Breakthrough, Says New REN21 Report
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European photovoltaic energy continued to break production records in July
In July, prices in the electricity markets of Spain, Portugal, France and Italy rose compared to June, driven by higher temperatures that boosted electricity demand. Lower wind energy production in most markets also contributed to this trend. In the markets further north on the continent, the rise in temperatures and demand was less pronounced. In … Continue reading European photovoltaic energy continued to break production records in July
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Repowering and hybridization: the key to new energy efficiency
Plant hybridization is the new frontier of repowering and it entails the integration of different types of technology within the same site. In Italy this process has already seen the implementation of pioneering projects such as those at Venaus. In order to increase energy production, it isn’t always necessary to build a new power plant … Continue reading Repowering and hybridization: the key to new energy efficiency
Continue readingOur old electrical grid is limiting how much wind power and photovoltaic we can use
Use of green energy hit an all-time high last year: Renewables produced nearly a third of the electricity used around the globe, according to a new report out from the global policy network REN-21. That’s the good news. The bad news is even more green energy could have been used, but the electrical grids built … Continue reading Our old electrical grid is limiting how much wind power and photovoltaic we can use
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Ed Miliband vows to take on NIMBYs to build more wind and photovoltaic power
Ed Miliband has vowed to take on NIMBYs and build more wind turbines and photovoltaic (PV) power stations across Britain. The Energy Security and Net Zero Secretary claimed that increasing renewable energy supply was a matter of “national security”. Speaking at an Energy UK conference in London, Miliband praised how the price of wind and … Continue reading Ed Miliband vows to take on NIMBYs to build more wind and photovoltaic power
Continue readingPhotovoltaic and wind energy in second week of September
In the second week of September, prices fell in the main European electricity markets. Wind and photovoltaic energy production increased in most markets, registering records for any September in Italy, Spain and France. Electricity demand fell in almost all markets, helped by cooler temperatures. Gas and CO2 futures declined, reaching the lowest prices since late … Continue reading Photovoltaic and wind energy in second week of September
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