EDP Renewables has been awarded with contracts for its two first battery energy standalone storage projects in Poland. The contracts, that will last for a period of 17 years, were granted by the Polish Grid Operator (PSE) in the recent capacity market auction and will amount to a total installed capacity of 160MW. Located in … Continue reading EDP awarded with 160MW of capacity contracts for its first storage projects in Poland
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Renewable energies generate 56% of the Spanish electricity mix in 2024
Their production rises by almost 11% in a record year, twice over: it records the highest renewable production and its highest share since records began. Solar photovoltaics overtakes the combined cycle and is in third place in the mix for the first time in a year once again led by wind power, with 23%. Forecasts … Continue reading Renewable energies generate 56% of the Spanish electricity mix in 2024
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Inflation Reduction Act Delivers Massive Economic Boost and 4X Return on Investment
A new independent study reveals that the Inflation Reduction Act (IRA) will deliver substantial economic benefits for the United States, notably growing the economy by $1.9 trillion over the next ten years. The benefits extend across the energy sector, positively impacting renewable resources, oil, gas, hydrogen, nuclear energy, and battery storage systems as well as … Continue reading Inflation Reduction Act Delivers Massive Economic Boost and 4X Return on Investment
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Spain increases greenhouse gas emissions by 1%
Greenhouse gas emissions rose by 1% in Spain this year compared to 2023 and were at the third lowest point in the historical series, which begins in 1990. This is set out in a report prepared by the Sustainability Observatory (OS) and prepared by the economist and climate change expert José Santamarta, as lead author, … Continue reading Spain increases greenhouse gas emissions by 1%
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Acciona Energía installs a battery storage system at the Extremadura I-II-III Photovoltaic Plant
ACCIONA Energía has started the installation of a battery energy storage system (BESS) using recycled batteries from electric vehicles at its Extremadura I-II-III photovoltaic plant in Almendralejo (Badajoz). The plant was built to support a Power Purchase Agreement with the global pharmaceutical group Novartis AG. The facility features two containers with a combined capacity of … Continue reading Acciona Energía installs a battery storage system at the Extremadura I-II-III Photovoltaic Plant
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India to mandate energy storage for photovoltaic, wind power projects
India’s Ministry of New and Renewable Energy (MNRE) may soon introduce new policies which will mandate the inclusion of battery storage in new solar and wind projects. Speaking at the 21st edition of the Global MSME Business Summit organized by the Confederation of Indian Industry (CII), MNRE Secretary Prashant Kumar Singh said that the government is … Continue reading India to mandate energy storage for photovoltaic, wind power projects
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Six highlights of the global energy transition in 2024
Solar photovoltaic and batteries are the big players in the energy transition in 2024, helping renewables knock fossil fuels – especially coal – off their pedestal in many countries and regions. 2024 was the year of solar and batteries – and this double act is set to reshape global energy systems. Solar superpowers are emerging … Continue reading Six highlights of the global energy transition in 2024
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Photovoltaic and wind energy in the first week of December
December starts with the highest prices of the year for TTF gas and some European electricity markets. In the first week of December, weekly prices in most major European electricity markets continued to exceed €100/MWh. During weekdays, prices were higher than in the previous week, with France, Italy and Belgium reaching their highest values of … Continue reading Photovoltaic and wind energy in the first week of December
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Jacobs to help build $3.3 billion, 3.5 GW photovoltaic (PV) plant and 4.5 GW battery system in Philippines
US firm Jacobs will help build a $3.3 billion, 3.5 GW photovoltaic plant and 4.5 GW battery system in the Philippines to help the country reduce its reliance on coal for power generation. Located on a 30-square-kilometer site 150 kilometers north of Manila, the “Terra Solar” project will be one of the largest solar parks … Continue reading Jacobs to help build $3.3 billion, 3.5 GW photovoltaic (PV) plant and 4.5 GW battery system in Philippines
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Predictions for energy and natural resources in 2025
This is the season for looking to the future, and for the final Energy Pulse of 2024 I have collected 10 predictions from Wood Mackenzie analysts for the year ahead. The predictions for 2024 that I presented a year ago had quite a good hit rate. Some were spot-on: we were right about the increased … Continue reading Predictions for energy and natural resources in 2025
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US Grid-Scale Energy Storage Continues Strong Year with Highest Q3 Installations on Record
3.8 GW of storage installed across all segments, 80% increase from Q3 2023 • Residential installations hit all-time high The U.S. energy storage market continued its strong growth in Q3 of 2024, with the grid-scale segment setting a new Q3 record at 3,431 megawatts (MW) and 9,188 megawatt-hours (MWh) deployed. According to the American Clean Power … Continue reading US Grid-Scale Energy Storage Continues Strong Year with Highest Q3 Installations on Record
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Security and efficiency: The case for connecting Europe and North America
This paper analyses the ways in which an electricity interconnector could add value as the electricity systems on either side of the north Atlantic rapidly expand and decarbonise. Download PDF This paper examines how transatlantic interconnection could help both North America and Europe to achieve a more secure and efficient transition to renewable electricity. Ember … Continue reading Security and efficiency: The case for connecting Europe and North America
Continue readingPhilippines builds world’s largest photovoltaic and battery project
The Philippines is working on the world’s largest solar photovoltaic plus battery storage project, and construction of the project began just a few weeks ago. Philippine President Ferdinand R. Marcos Jr. participated in the groundbreaking ceremony for the Meralco Terra Solar project. The project will have a solar power capacity of 3,500 megawatts (MW) and … Continue reading Philippines builds world’s largest photovoltaic and battery project
Continue readingPhotovoltaic and wind energy in the first week of December
December starts with the highest prices of the year for TTF gas and some European electricity markets. In the first week of December, weekly prices in most major European electricity markets continued to exceed €100/MWh. During weekdays, prices were higher than in the previous week, with France, Italy and Belgium reaching their highest values of … Continue reading Photovoltaic and wind energy in the first week of December
Continue readingEDP begins construction of its first stand-alone storage project in Europe
The 50 MW capacity battery to be installed in Kent, England, will support the stability of the British grid as more renewable energy projects come onstream in the country. Through EDP Renewables, EDP has already secured more than 130 MW of capacity in storage projects in Europe. EDP Renewables has started the construction of its … Continue reading EDP begins construction of its first stand-alone storage project in Europe
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18,550 MW of photovoltaic and wind energy to be added to Egypt’s grid by 2030
The Egyptian New and Renewable Energy Authority published a report on its official website showing statistics on the private sector’s participation in implementing electricity generation projects from photovoltaic and wind energy with a total capacity of 18,550 megawatts by the year 2030. The report indicates that new wind energy power plants are scheduled to be … Continue reading 18,550 MW of photovoltaic and wind energy to be added to Egypt’s grid by 2030
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New Analysis Shows Energy Storage Keeps Costs Low and Power Reliable in Texas
The American Clean Power Association (ACP) today released an analysis highlighting how recent significant additions of energy storage capacity over the past year in Texas has resulted in lower energy costs for consumers, the ability to avoid conservation appeals, and has enabled the power grid to better navigate extreme weather events. Key findings include: ERCOT … Continue reading New Analysis Shows Energy Storage Keeps Costs Low and Power Reliable in Texas
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Galán meets with President Lula in Brasilia and reaffirms commitment to Brazil
During a meeting this morning in Brasilia with the country’s president, Luiz Inácio Lula da Silva, Galán reaffirmed his commitment to Brazil’s energy transition. The meeting was also attended by the Ministers of Mines and Energy, Alexandre Silveira, and of the Civil House, Rui Costa, as well as the CEO of Neoenergia, Eduardo Capelastegui. Neoenergia, … Continue reading Galán meets with President Lula in Brasilia and reaffirms commitment to Brazil
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Indonesia phasing out coal by 2040 requires ramping up renewables
Indonesia’s coal phase-out requires boosting renewables to 65% by 2040, integrating battery storage, and retiring 3 GW of coal annually. Indonesia eyes coal phase out by 2040 By increasing renewables share to 65% in the power mix by 2040, and retiring 3 GW of coal annually, Indonesia may reach the target. The coal retirement target … Continue reading Indonesia phasing out coal by 2040 requires ramping up renewables
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During the month of November, renewables generated 50.8%, with wind power being the leading technology in Spain’s mix
On November 21, the Spanish electricity system recorded the largest contribution of GWh of wind energy in a single day, up to 434 GWh, half of the entire national production for that day. The demand for electricity in Spain fell by 0.4% in November.National electricity demand in November fell by 0.4% compared to the same … Continue reading During the month of November, renewables generated 50.8%, with wind power being the leading technology in Spain’s mix
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