The US has a President-elect with power to wield. A likely Republican trifecta would strengthen President-elect Donald Trump’s new administration across domestic and global affairs. Along with the White House, the GOP will have control of the Senate and (probably) the House of Representatives. President-elect Trump himself has declared he has a “mandate”, although he … Continue reading A second Trump administration, and what it means for energy and natural resources
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Germany sets new record for photovoltaic and wind power
Germany has accelerated the deployment of renewable energy, with record growth in solar photovoltaic power. Although currently lagging, wind power is expected to gain momentum in the future. From January to September, wind and solar exceeded fossil power generation for the first time in Germany, reaching a record 45% share. Germany is a leader in … Continue reading Germany sets new record for photovoltaic and wind power
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Harnessing Namibia’s high-quality renewable resources can accelerate the country’s socioeconomic development
New IEA report finds strong potential to deliver quality jobs and economic growth with supportive policies that unlock strategic investments in clean energy With robust policy support in place, renewable energy can become a cornerstone of Namibia’s sustainable development and economic growth, according to a new report from the International Energy Agency (IEA) published today. … Continue reading Harnessing Namibia’s high-quality renewable resources can accelerate the country’s socioeconomic development
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TotalEnergies hybrid photovoltaic and wind power at the Castejón thermal power plant
The Ramal Sur hybrid plant will consist of an 85.8 MW wind farm and a 44.72 MW photovoltaic park for hybridisation with the existing Castejón 1 combined cycle thermal power plant, of 424.91 MW.The Official State Gazette (BOE) on Tuesday published the announcement by the Department of Industry and Energy of the Government Delegation in … Continue reading TotalEnergies hybrid photovoltaic and wind power at the Castejón thermal power plant
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Solar photovoltaic and wind energy in the last week of October
End of October and beginning of November marked by rising prices in European electricity markets. In the last week of October, prices in most major European electricity markets increased compared to the previous week, with weekly averages exceeding €80/MWh. On November 4, some markets registered their highest hourly prices of the year. Photovoltaic energy reached … Continue reading Solar photovoltaic and wind energy in the last week of October
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Wind energy leads generation in Spain with 26.3% in October and photovoltaic reached 13.4%
During this month of October, renewables have generated 15.4% more than in the same period of the previous year and have accounted for 55.9% of the monthly mix. Wind energy leads the generation structure by producing 26.3% of the national total recorded in the month of October.National electricity demand experienced an increase of 1.9% in … Continue reading Wind energy leads generation in Spain with 26.3% in October and photovoltaic reached 13.4%
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East China county committed to develop comprehensive green energy industry
A worker checks equipment at a workshop of a wind power equipment company in Rudong County of Nantong City, east China’s Jiangsu Province, Nov. 2, 2024. In recent years, the coastal county of Rudong has developed a comprehensive green energy industry that integrates resource development, equipment manufacturing, and full utilization. The county has established offshore … Continue reading East China county committed to develop comprehensive green energy industry
Continue readingPhotovoltaic and wind energy in the fourth week of October
In the fourth week of October, TTF gas futures prices increased, reaching values not seen since November 2023. CO2 futures also rose. Wind energy production declined in most markets and demand increased in some markets. All these factors led to higher prices in most major European electricity markets. On October 22, photovoltaic energy registered the … Continue reading Photovoltaic and wind energy in the fourth week of October
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Global LCOE (levelized cost of electricity) competitiveness of wind power and photovoltaic (PV) is increasing
The cost competitiveness of these technologies varies significantly across regions, but overall, renewables are on track to overtake traditional fossil fuel sources. Wood Mackenzie has released five regional Levelised Cost of Electricity (LCOE) reports for 2024, which provide an in-depth analysis of the evolving electricity cost landscape across global markets. These reports, covering Asia Pacific … Continue reading Global LCOE (levelized cost of electricity) competitiveness of wind power and photovoltaic (PV) is increasing
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US 2023 photovoltaic, wind power, geothermal output up 200% from 2014
15 states had at least 30% power from renewables in 2023. Southeastern US sees surge in photovoltaic generation. The US generated about three times as much electricity from solar, wind and geothermal resources in 2023 than it did in 2014, a decade-long stretch that also saw the percentage of national retail power sales from these … Continue reading US 2023 photovoltaic, wind power, geothermal output up 200% from 2014
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Highest investment period boosts Iberdrola’s results to record levels
Strong operations underpin growth Increased financial strength Shareholder remuneration: record interim dividend: €0.23 per share, an increase of 14%. Record market capitalisation: Record stock market capitalisation highs (close to €90 billion). Improvement in year-end forecasts: 14% increase in full-year net profit, in line with the growth of the interim dividend. Accelerating the Strategic Plan and seizing … Continue reading Highest investment period boosts Iberdrola’s results to record levels
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EIB and Iberdrola sign 120 million loan for energy innovation projects in Spain
The European Investment Bank (EIB) today signed a EUR 120 million loan with Iberdrola to finance the development of energy technology research and innovation projects aimed at contributing to and accelerating the electrification and decarbonisation of the economy. The total investment associated with the project will be €250 million. The EIB funding will be used … Continue reading EIB and Iberdrola sign 120 million loan for energy innovation projects in Spain
Continue readingPhotovoltaic and wind power in the third week of October
European electricity market prices rise in the third week of October due to lower renewable energy production and higher demand. In the third week of October, prices in the main European electricity markets remained at similar levels to those observed during the month. Most markets registered higher weekly averages than those of the previous week, … Continue reading Photovoltaic and wind power in the third week of October
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Türkiye aims to increase wind energy and photovoltaic
Türkiye is setting ambitious goals for its energy sector, with plans to raise the share of renewable energy in electricity production to 47.8% by 2025, according to the Ministry of Energy and Natural Resources’ 2025 budget proposal. The ministry also targets a reduction in natural gas’s contribution to electricity production to 18.9%.Expansion of renewable energy … Continue reading Türkiye aims to increase wind energy and photovoltaic
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Clean energy: The biggest opportunity on the planet
In the little over four years since Ember launched, the global energy landscape has undergone a seismic shift. And with that, so too must the way we talk about the energy transition. What follows is a reflection on how our thinking has evolved – and why we’re more energised than ever about what’s coming next. … Continue reading Clean energy: The biggest opportunity on the planet
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Photovoltaic, wind power projects of over 10 GW in Albania await grid access
Albania’s Transmission System Operator (OST) said in its report for 2023 that developers of 133 wind power and photovoltaic solar projects applied for grid connections. Their total planned capacity is just under 10.5 GW. However, the state-owned company signed only three contracts. Wind energy and photovoltaic solar power plant projects in Albania have by far … Continue reading Photovoltaic, wind power projects of over 10 GW in Albania await grid access
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Geopolitical tensions are laying bare fragilities in the global energy system, reinforcing need for faster expansion of photovoltaic and wind energy
World Energy Outlook 2024 shows critical choices facing governments and consumers as period of more ample supplies nears and surging electricity demand reshapes energy security Regional conflicts and geopolitical strains are highlighting significant fragilities in today’s global energy system, making clear the need for stronger policies and greater investments to accelerate and expand the transition … Continue reading Geopolitical tensions are laying bare fragilities in the global energy system, reinforcing need for faster expansion of photovoltaic and wind energy
Continue readingThe combined accumulated power of wind and photovoltaic energy grows by 12.7% in 2023 in Spain
Wind power, solar photovoltaic and concentrated solar power (CSP) sources reached a combined accumulated power of 59,106 megawatts (MW) in 2023, which represents an increase of 12.7% compared to the previous year, according to the DBK Sector Observatory of Informa, a subsidiary of Cesce.The study reflects that in 2023 the upward trend in installed renewable … Continue reading The combined accumulated power of wind and photovoltaic energy grows by 12.7% in 2023 in Spain
Continue readingThe recovery of wind energy production in Europe in the second week of October favors the price fall in the electricity markets
In the second week of October, wind energy production in most major European markets recovered after the previous week’s falls, favoring weekly price declines in most electricity markets. On an hourly basis, some markets registered negative prices, while others registered the highest prices since at least February 2024. In Italy, photovoltaic energy production reached a … Continue reading The recovery of wind energy production in Europe in the second week of October favors the price fall in the electricity markets
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Galán confirms Iberdrola’s commitment to the UK at the International Investment Summit with Starmer
Iberdrola is consolidating its position as one of the major companies in the United Kingdom, and its Executive Chairman Ignacio Galán, in the context of the new British government’s first international investment summit, met with the country’s Prime Minister, Keir Starmer, and other members of the Government to present the electricity company’s new roadmap in the … Continue reading Galán confirms Iberdrola’s commitment to the UK at the International Investment Summit with Starmer
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