Alexis de Tocqueville, the French diplomat and famous observer of America, noted in 1840 that in democratic countries such as the US, a citizen’s independence “fills him with self-reliance and pride amongst his equals”. That same spirit might have been expected to help make the US a global leader in residential solar power, with homeowners … Continue reading Home energy storage for photovoltaics is booming in the US.
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Iberdrola’s renewable energy production reaches 10-year highs in Spain
Continued investments by the Iberdrola in renewables and its commitment to decarbonization has seen clean energy production in Spain reach a decade high. In the first quarter of 2024, the group generated 10,489 GWh with clean energy, an increase of 19.4% compared to the same period last year. The company has not had such a … Continue reading Iberdrola’s renewable energy production reaches 10-year highs in Spain
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Distributed solar photovoltaic and storage: a beacon of security and hope
In early March, a group of Wood Mackenzie volunteers spent several days in central Puerto Rico through a partnership with non-profit organisation Let’s Share the Sun. The partnership ties in directly with our internal Thrive programme, which creates a positive impact on employees and the broader community through its four pillars: community engagement, wellness, sustainability, … Continue reading Distributed solar photovoltaic and storage: a beacon of security and hope
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From solar photovoltaic and wind energy to electric vehicles: How China is overproducing green technology
China faces increased scrutiny from the West for its aggressive export practices: overcapacity and huge subsidies. The United States and the EU are working to ensure that their clean energy sectors are not eliminated by unfair competition. United States Treasury Secretary Janet Yellen warned China last weekend against overproducing clean-energy products such as solar panels, wind turbines … Continue reading From solar photovoltaic and wind energy to electric vehicles: How China is overproducing green technology
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April starts with new photovoltaic energy records
In the first week of April, prices fell in the main European electricity markets, with most of them below €50/MWh. Photovoltaic energy reached an all?time production record in Portugal and the second highest value ever in Italy. In France, wind energy registered the second and third highest production for an April month. In addition to … Continue reading April starts with new photovoltaic energy records
Continue readingSolar photovoltaic and wind energy in the last week of March
The Spanish electricity market registers negative prices for the first time and, together with Portugal, continues to have the lowest prices in Europe. In the last week of March, the Iberian MIBEL market registered the lowest prices in Europe for the eighth consecutive week and the Spanish market registered negative prices for the first time … Continue reading Solar photovoltaic and wind energy in the last week of March
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Wind power generated 27.1% of electricity in Spain in March and photovoltaics 13.6%
The demand for electrical energy in Spain increases by 1.9% in March. Renewables reach a record monthly production (14,591 GWh) and also coverage in the mix (65.2%). Generation without emissions accounts for 82.2% of the total and reaches its highest share since records began. For the sixth consecutive month, wind energy continues to be the … Continue reading Wind power generated 27.1% of electricity in Spain in March and photovoltaics 13.6%
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Cero to include battery storage in its 370 MW photovoltaic plant in Greece
Macquarie’s subsidiary Cero Development Hellas received a green light for adding batteries with an overall capacity of 749 MWh to its project for a 370 MW photovoltaic plant in Central Greece. Renewable energy investors are increasingly turning to batteries to keep their solar power projects on track. As electricity consumption in Greece is stagnating and … Continue reading Cero to include battery storage in its 370 MW photovoltaic plant in Greece
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Peru: 4 wind energy and photovoltaic solar power plants begin operations in 2024
Investment in project execution exceeds US$530 million and will add 507 megawatts of power to the National Interconnected Electric System (SEIN). The investment in the execution of these projects exceeds 530 million dollars. These plants are located in the regions of Ica, Arequipa and Moquegua; and will help Peru increase the non-conventional renewable energy component … Continue reading Peru: 4 wind energy and photovoltaic solar power plants begin operations in 2024
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Power capacity additions reached a new benchmark of 473 gigawatts in 2023, but many countries are cut off from the benefits of energy transitions
Renewable Capacity Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that 2023 set a new record in renewables deployment in the power sector by reaching a total capacity of 3 870 Gigawatts (GW) globally. Renewables accounted for 86% of capacity additions; however, this growth is unevenly distributed across the world, indicating … Continue reading Power capacity additions reached a new benchmark of 473 gigawatts in 2023, but many countries are cut off from the benefits of energy transitions
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How PPAs Shape the Future of Renewable Energy
As the world is on its path toward a sustainable future, the United States stands at the forefront of the net zero transition. One of the key drivers behind the green energy transformation is the widespread adoption of Power Purchase Agreements (PPAs). Patrick Pfeiffer, Head of Statkraft US, discusses the role of PPAs in shaping … Continue reading How PPAs Shape the Future of Renewable Energy
Continue readingHalf of the developers offer batteries in their photovoltaic portfolio in Brazil
Greener published the results of its most recent study on the distributed photovoltaic (PV) generation market in Brazil, revealing some significant trends. Among them, the fact that 49% of respondents said they had hybrid systems in their portfolio stood out, and 12% recorded at least one sale of a kit containing a battery. According to … Continue reading Half of the developers offer batteries in their photovoltaic portfolio in Brazil
Continue readingEndesa will build its largest photovoltaic (PV) solar power plant with battery storage in the Canary Islands at the Barranco de Tirajana plant
The eight hectares that the facility will occupy will be capable of supplying more than three thousand homes and will be on the free land within the Barranco de Tirajana Power Plant.The eligible investment amounts to 11.5 million euros, of which 5.6 million correspond to the Next Generation funds of the European Union.The solar park … Continue reading Endesa will build its largest photovoltaic (PV) solar power plant with battery storage in the Canary Islands at the Barranco de Tirajana plant
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Iberdrola will invest €41 billion and hire 10,000 people by 2026 to accelerate electrification
“The electrification of energy is unstoppable and will expand exponentially in the years ahead, supporting decarbonisation, boosting energy security, and reducing the volatility caused by fossil fuels. Our strategic pillars focus on networks, geographical diversification, and a balanced energy and customers mix. This plan will allow us to grow our asset base, grow our profitability … Continue reading Iberdrola will invest €41 billion and hire 10,000 people by 2026 to accelerate electrification
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US Energy Storage Market Breaks Installation Record in Q4 2023
The US energy storage market shattered previous records for deployment across all segments in the final quarter of 2023, with 4,236 megawatts (MW) installed over the period, a 100% increase from Q3 according to a new report released today. For the first time, the grid-scale segment exceeded 3 gigawatts (GW) deployed in one quarter and … Continue reading US Energy Storage Market Breaks Installation Record in Q4 2023
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In 2023, 5,594 MW of photovoltaic installed in Spain
Solar energy (photovoltaic and solar thermal) is now the second source with the highest capacity (27,853 MW), only behind wind (30,810 MW), according to a report by opina360.This Tuesday the first report of the Renewable Energy Observatory for the digital economy prepared by Opina 360 for Foro Sella was released, which analyzes the evolution of … Continue reading In 2023, 5,594 MW of photovoltaic installed in Spain
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Photovoltaic energy in March has already reached the levels of August last year in the Iberian Peninsula
In the second week of March, prices in European electricity markets showed few variations compared to the previous week, except in the MIBEL market, where they doubled. Even so, the Iberian Peninsula registered the lowest prices. Photovoltaic energy production in Spain and Portugal reached the levels of the end of August and set another record … Continue reading Photovoltaic energy in March has already reached the levels of August last year in the Iberian Peninsula
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Statkraft supplies solar photovoltaic and wind power to e-mobility expert Vitesco Technologies
Statkraft, Europe’s largest producer of renewable energy, has concluded a Power Purchase Agreement (PPA) with Vitesco Technologies, a leading international developer and manufacturer of modern drive technologies for sustainable mobility, for the supply of a total of around 83,000 MWh of renewable electricity from solar and onshore wind power plants. Since January 2024, Statkraft has … Continue reading Statkraft supplies solar photovoltaic and wind power to e-mobility expert Vitesco Technologies
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76% of Africa’s energy could come from photovoltaics and wind energy by 2040
Over half of Africa’s people – about 600 million – lack access to even the bare minimum of electricity. The tough question to answer is how access can be extended without adding to global warming by relying on fossil fuels. We – a team from Rwanda and Germany who work in the field of renewable … Continue reading 76% of Africa’s energy could come from photovoltaics and wind energy by 2040
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Spain wastes 2.1 billion in photovoltaic and wind energy due to lack of demand and networks
Last year, Spain added a renewable generation capacity of 8,400 megawatts to its electricity grid, made up of 5,899 megawatts of wind and photovoltaic energy, and around 2,500 photovoltaic megawatts for self-consumption. This dynamism in the renewable sector has not been accompanied by similar growth in grid infrastructure, resulting in areas where local grids lack … Continue reading Spain wastes 2.1 billion in photovoltaic and wind energy due to lack of demand and networks
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