The U.S. energy storage market set a first-quarter record for capacity installed in Q1 2024, with 1,265 megawatts (MW) deployed across all segments. This marks the highest storage capacity ever installed in a first quarter in the U.S., representing an 84% increase from Q1 2023. According to Wood Mackenzie and the American Clean Power Association’s … Continue reading US Energy Storage Market Sets Q1 Capacity Installation Record
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Repair work at the Cerro Dominador concentrated solar power plant, which will be stopped throughout 2024
After cracks were detected in two hot salt tanks, the contractor of the mega solar thermal plant is working on the reconstruction of these facilities. This agreement is expected to be closed to have an estimated return date. It was in June 2021 when the Cerro Dominador project, located in the Antofagasta Region, was inaugurated, … Continue reading Repair work at the Cerro Dominador concentrated solar power plant, which will be stopped throughout 2024
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European electricity markets react to increased wind energy production with price declines
In the second week of June, prices in most major European electricity markets fell compared to the previous week. Over the weekend, almost all markets reached negative hourly prices. The Iberian market registered prices of ?€2.00/MWh, which is the lowest value in the history of this market. France reached the lowest price since the end … Continue reading European electricity markets react to increased wind energy production with price declines
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Solar photovoltaic (PV) and wind power capacity expected to surpass 1,200 GW target next year in China
GlobalData’s latest report, “China Power Market Size, Trends, Regulations, Competitive Landscape and Forecast, 2024-2035” reveals that solar PV power is expected to maintain its status as the dominant source of renewable power until 2035. Financial incentives and policy support are among the primary drivers that facilitate the achievement of targets ahead of schedule. China to … Continue reading Solar photovoltaic (PV) and wind power capacity expected to surpass 1,200 GW target next year in China
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Ørsted completes construction of combined wind energy and photovoltaic project in Texas
Ørsted today announced the completion of Helena Energy Center, a 518 MW combined wind and solar project located in Bee County, South Texas. The wind and solar centre is now fully operational and will generate enough renewable energy to power over 110,000 Texan homes and businesses annually. The Helena Energy Center consists of the 268 … Continue reading Ørsted completes construction of combined wind energy and photovoltaic project in Texas
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IRENA Supports Ukraine in Rebuilding Damaged Energy Infrastructure
Today, at the Ukraine Recovery Conference in Berlin, the International Renewable Energy Agency (IRENA) and the Energy Community Secretariat (ECS) jointly put forward a Letter of Intent to closely work together in support of sustainable energy initiatives in Ukraine. Ukraine, an IRENA Member since 2018, appealed to the Agency and its Member Countries during the … Continue reading IRENA Supports Ukraine in Rebuilding Damaged Energy Infrastructure
Continue readingThe decline in wind energy pushed European market prices higher at the beginning of June
In the first week of June, prices in most European electricity markets increased compared to the previous week. Germany registered the highest price since the end of November 2023, €235.52/MWh, on June 4 from 20:00 to 21:00. The increases were largely driven by the general decline in wind energy production. Despite the increases, most markets … Continue reading The decline in wind energy pushed European market prices higher at the beginning of June
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Copenhagen Infrastructure Partners and Vattenfall awarded IJmuiden Ver Beta offshore wind farm
Zeevonk, a joint venture of Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund, and Vattenfall has been awarded a permit to build wind farm IJmuiden Ver Beta in the Netherlands. This 2 GW offshore wind project will include a 50MW floating offshore solar farm on site and a new electrolyser at the Port of … Continue reading Copenhagen Infrastructure Partners and Vattenfall awarded IJmuiden Ver Beta offshore wind farm
Continue readingInvestment in clean energy this year is set to be twice the amount going to fossil fuels
Global spending on clean energy technologies and infrastructure on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies Despite pressures on financing, global investment in clean energy is set to reach almost double the amount going to fossil fuels in 2024, helped by … Continue reading Investment in clean energy this year is set to be twice the amount going to fossil fuels
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Lower prices in European electricity markets in the last week of May and new photovoltaic record in Portugal
In the last week of May, prices in most European electricity markets fell compared to the previous week. Most markets registered negative prices at the end of the week. The increase in renewable energy production and the decrease in demand in some markets favored the decreases. On May 27, Portugal broke the all?time record for … Continue reading Lower prices in European electricity markets in the last week of May and new photovoltaic record in Portugal
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Batteries: frequently asked questions
An introduction to batteries, from lithium-ion (Li-ion) and sodium-ion (Na-ion) technologies to battery raw materials including lithium, nickel, cobalt and manganese. Batteries are critical to the energy transition. They power new electric vehicles (EVs) and provide energy support for grids with an increasing share of intermittent supply from renewables. So, what are batteries made of? … Continue reading Batteries: frequently asked questions
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Investment opportunities for utility-scale solar and wind areas: El Salvador
Through a rigorous and collaborative process involving local representatives, this study integrates diverse datasets covering population density, land use and infrastructure networks, as well as renewable and meteorological data, to identify favourable zones in El Salvador for utility-scale solar photovoltaic (PV) and onshore wind projects. The analysis reveals that a significant portion of El Salvador’s … Continue reading Investment opportunities for utility-scale solar and wind areas: El Salvador
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Photovoltaic solar becomes the leading technology in the Spanish generation mix for the first time in May, with 23.8% of the total
Monthly production with renewables in our country represented 63% and technologies that do not emit CO2 equivalent reached a share of 81.4%: wind contributed 20.2% and photovoltaic 23.8%.The demand for electrical energy in Spain increases 1.1% in May. Electricity demand grows by 3.8% in the Balearic Islands and 2.8% in the Canary Islands, once the … Continue reading Photovoltaic solar becomes the leading technology in the Spanish generation mix for the first time in May, with 23.8% of the total
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ACP Statement on Proposed Technology-Neutral Clean Electricity Production and Investment Tax Credit Guidance
The American Clean Power Association (ACP) released the following statement from ACP Chief Advocacy Officer JC Sandberg after the U.S. Treasury released proposed guidance on the technology-neutral clean electricity production and investment tax credit for sections 45Y and 48E of the Inflation Reduction Act (IRA): “We commend today’s proposed technology-neutral guidance that will help provide a … Continue reading ACP Statement on Proposed Technology-Neutral Clean Electricity Production and Investment Tax Credit Guidance
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Space solar and airborne wind turbines
Innovations are catalysts for change, pushing societies to redefine what’s possible. With global demand for fossil-free electricity forecast to double in the coming decades, we take a closer look at four projects that could become viable options for the energy sector soon. For thousands of years, mankind has tried to harness the energy of the … Continue reading Space solar and airborne wind turbines
Continue readingPrices rise in European electricity markets due to gas and CO2 while photovoltaic energy continues to set records
In the week of May 20, prices in the main European electricity markets rose following increases in gas and CO2 prices. TTF gas and CO2 futures reached the highest values since the first half of December 2023 and January 2024, respectively. Even so, most markets registered negative hourly prices, primarily over the weekend. Solar photovoltaic … Continue reading Prices rise in European electricity markets due to gas and CO2 while photovoltaic energy continues to set records
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China’s renewable energy exports grow 35% between 2019-2023
Power batteries surpass photovoltaic solar modules as the main export of renewable products. Chinese exports of renewable products grew 35% between 2019 and 2023, driven by competitive prices and dominance of production capacity, according to Wood Mackenzie’s new “Looking Abroad” report. Power batteries overtook solar PV modules to become China’s top renewable energy export product … Continue reading China’s renewable energy exports grow 35% between 2019-2023
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Battery storage begins to play a key role for US grids
California and Texas increasingly rely on storage to balance the grid. Other states will follow. Wind power and photovoltaics require storage to ensure supply “The future is already here — it’s just not very evenly distributed.” That observation, from the great science fiction writer William Gibson, often provides a useful framework for thinking about technological … Continue reading Battery storage begins to play a key role for US grids
Continue readingSolar photovoltaic energy set a daily production record in Germany in the third week of May
On May 14, in Germany, solar photovoltaic energy registered the highest production in the history of this market, exceeding 400 GWh. Wind energy production increased in most markets during the third week of May, which, together with lower gas and CO2 prices than the previous week, contributed to the fall in prices in most major European … Continue reading Solar photovoltaic energy set a daily production record in Germany in the third week of May
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Wind power and photovoltaic generation will soon surpass nuclear and hydroelectric generation.
The International Solar Energy Society (ISES) explains how solar and wind energy dominate power plant construction.In 2023, solar PV and wind together constituted 80% of global net energy capacity additions. The growth in energy capacity is followed by the growth in annual energy generation. Over the last decade, global PV generation has increased nine-fold to … Continue reading Wind power and photovoltaic generation will soon surpass nuclear and hydroelectric generation.
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