The American Clean Power Association (ACP) today released its latest Clean Power Quarterly Market Report, detailing a surge in clean energy deployment during Q3 2024, with 10.2 GW of clean energy capacity coming online. This record-setting quarter positions the industry to achieve a historic year in 2024, underscoring the strength of American clean power. Year-to-date … Continue reading American Clean Energy Breaks Records, Largest Q3 Ever
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Decline in wind energy allows gas to push European electricity markets above €100/MWh in the last week of November
In the last week of November, prices in most major European electricity markets increased and registered weekly averages above €100/MWh. The main causes of this increase were lower wind energy production and higher gas prices. Solar photovoltaic energy production was higher than the previous week and reached the second highest value for a November day … Continue reading Decline in wind energy allows gas to push European electricity markets above €100/MWh in the last week of November
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Türkiye to invest $10B in energy storage to boost wind power and photovoltaic solar energy
Türkiye is making significant strides toward its 2053 net-zero carbon emissions goal by ramping up investments in energy storage systems according to Türkiye daily. The Energy Market Regulatory Authority (EMRA) approved a 35-gigawatt-hour (GWh) capacity allocation for grid-scale storage projects, with an estimated investment of $10 billion. Timeline: Energy storage investments will gain speed by … Continue reading Türkiye to invest $10B in energy storage to boost wind power and photovoltaic solar energy
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Envision Energy boosts wind power in Kazakhstan with local manufacturing of wind turbines and storage systems
Envision Energy, a leading global green technology company, has taken a major step in strengthening Kazakhstan’s green energy transition by signing a strategic agreement with Samruk Energy and Kazakhstan Utility Systems to establish a localized manufacturing facility for wind turbines and energy storage systems in Kazakhstan. The agreement aims to enhance Kazakhstan’s renewable energy capacity, … Continue reading Envision Energy boosts wind power in Kazakhstan with local manufacturing of wind turbines and storage systems
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Naturgy secures AUD 2.3 billion in financing to boost development of its photovoltaic and wind energy portfolio in Australia
The group, through its international subsidiary Global Power Generation, has signed a financing line that will allow it to strengthen its liquidity and, at the same time, provide a financing platform to support GPG’s growth in Australia. GPG closes 2024 with a portfolio of 1 GW of projects in operation, to which 360 MW under … Continue reading Naturgy secures AUD 2.3 billion in financing to boost development of its photovoltaic and wind energy portfolio in Australia
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Spain approves 9 photovoltaic (PV) and hybrid projects for 764 MW, including 240 MW of storage in the fourth week of November
Declaration of public utility (BOE) of the Ququima photovoltaic plant with 231.68 MW of installed capacity, its evacuation infrastructure and the Ququima 30/220 kV electrical transformer substation (SET), located in the municipalities of Baza and Caniles (Granada), promoted by Aquila Clean Energy. Prior administrative authorisation (BOE) for the Peñaflor III and Peñaflor IV photovoltaic installations, … Continue reading Spain approves 9 photovoltaic (PV) and hybrid projects for 764 MW, including 240 MW of storage in the fourth week of November
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Naturgy and the EIB agree on a €1 billion loan to invest in solar photovoltaic and onshore wind energy projects in Spain
Naturgy and the EIB have signed a first tranche of this financing worth €400 million of the total approved €1 billion. The loan will finance the start-up of new renewable energy plants and the repowering and hybridisation of existing ones. Upon completion, the project is expected to generate green energy equivalent to the approximate average … Continue reading Naturgy and the EIB agree on a €1 billion loan to invest in solar photovoltaic and onshore wind energy projects in Spain
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The changing shape of European energy storage
Energy storage has grown exponentially in Europe in recent years – and that pace is set to continue across the continent. So, how is the market evolving, and how can industrial players best position themselves to thrive in this fastmoving environment? We recently published an in-depth report – and infographic – that explores the changing … Continue reading The changing shape of European energy storage
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What happened at COP29?
The COP29 climate talks in Baku, Azerbaijan, finally ended around 5.30am on Sunday morning, almost 36 hours after they had been originally scheduled to close. The good news was that the negotiators representing about 200 countries agreed a deal on climate finance: flows of capital from developed countries to low and middle-income countries, to help … Continue reading What happened at COP29?
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EU’s energy security architecture – the way forward
Energy security has risen to the top of the EU’s political agenda, yet much remains to be done. The EU cannot continue relying on imported fossil fuels, putting its energy security in the hands of hostile nations. This becomes critical considering the US president-elect’s calls for reduced US military engagement in Europe. Solutions like wind, … Continue reading EU’s energy security architecture – the way forward
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The Spanish Photovoltaic Union (UNEF) Hydrogen and Storage Summit will take place in Madrid on February 11 and 12
The Spanish Photovoltaic Union (UNEF) announces the celebration of the III Storage and Hydrogen Summit, which will take place on February 11 and 12, 2025 at the Novotel Madrid Center (Calle de O’Donnell, 53, Salamanca, 28009 Madrid). During two days of intense debates and round tables, experts from the energy sector will meet to address … Continue reading The Spanish Photovoltaic Union (UNEF) Hydrogen and Storage Summit will take place in Madrid on February 11 and 12
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China’s New Renewable Energy Plan: Key Insights for Businesses
China’s new renewable energy plan aims to significantly boost the country’s renewable energy consumption, setting ambitious targets for 2025 and 2030. Unlike previous plans focused primarily on capacity installation, the new strategy emphasizes maximizing renewable energy utilization through infrastructure upgrades and sectoral integration across industries, including transportation, agriculture, and manufacturing. This shift is expected to … Continue reading China’s New Renewable Energy Plan: Key Insights for Businesses
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Hybrid technology boosts wind and solar photovoltaic energy
Increasingly weather-dependent electricity production makes grid operation more complex. A plant in Hjuleberg, Sweden, is using a solution based on new smart technology, combining wind power and batteries to bring optimum stability to the grid. Wind and solar power are the fastest-growing energy sources in the world today, thanks to their low climate impact and … Continue reading Hybrid technology boosts wind and solar photovoltaic energy
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Portugal breaks new records in wind power and pumping
Between January and October, renewable energies supplied 72% of electricity consumption in Portugal. During this period, hydroelectric energy was responsible for supplying 30% of consumption, wind energy 26%, photovoltaic energy 10% and biomass 6%.According to the latest data from REN – Redes Energéticas Nacionais, the electrical system set new historical records in renewables this Sunday, … Continue reading Portugal breaks new records in wind power and pumping
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European wind energy continued to curb the effect of the gas price rise on electricity markets in the third week of November
In the third week of November, average prices in most major European electricity markets declined compared to the previous week. On Sunday, November 24, several markets registered the lowest daily price since at least the last three months. High wind energy production, which during the week reached historical or November records in the main European … Continue reading European wind energy continued to curb the effect of the gas price rise on electricity markets in the third week of November
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RWE and Peabody Partner to Develop Photovoltaic Solar and Energy Storage Pipeline on Repurposed, Reclaimed Mine Lands
RWE, a leading renewable energy company, and Peabody (NYSE: BTU) announced a new partnership to strategically advance renewable energy projects by repurposing reclaimed land previously used for mining. This partnership brings together RWE’s expertise in developing and operating clean energy projects and Peabody’s significant land resources, particularly in the Midwest, as well as its industry-leading … Continue reading RWE and Peabody Partner to Develop Photovoltaic Solar and Energy Storage Pipeline on Repurposed, Reclaimed Mine Lands
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Photovoltaic and wind energy in the second week of NovemberPhotovoltaic and wind energy
Wind power prevents rising gas prices from driving up European electricity market prices in the second week of November. In the second week of November, average prices in most major European electricity markets exceeded €100/MWh, although they were lower than the previous week. This decrease occurred thanks to the increase in wind energy production and … Continue reading Photovoltaic and wind energy in the second week of NovemberPhotovoltaic and wind energy
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The impact of Republican control on US energy policy and the IRA
We expect renewables to remain competitive, and while protectionism will rise, a full repeal of Inflation Reduction Act (IRA) is unlikely. Following the US election, our experts from across the energy sector have worked to produce a cross-commodity report – ‘A second Trump administration Part 2: A deep dive into energy and commodities‘ – outlining … Continue reading The impact of Republican control on US energy policy and the IRA
Continue readingSpain approves 9 photovoltaic, hybrid and 200 MW storage projects in the second week of November
The Official State Gazette for the second week of November contains the announcements corresponding to 9 photovoltaic and hybrid projects for 802.58 MW, of which 311.2 MW are from Iberdrola.Environmental impact statement for the El Horizonte photovoltaic solar plant project, of 51.985 MW, and its evacuation infrastructure, in the province of Alicante, promoted by Viridi. … Continue reading Spain approves 9 photovoltaic, hybrid and 200 MW storage projects in the second week of November
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Trump could eliminate the United States as a leader in wind and photovoltaic energy
High above the sand dunes of China’s Kubuqi desert, nearly 200,000 solar panels have been carefully placed in rows to create the outline of a galloping steed. The giant horse is a cultural symbol for Inner Mongolia, the northern Chinese region where the massive Junma solar photovoltaic plant is located — but it also signifies … Continue reading Trump could eliminate the United States as a leader in wind and photovoltaic energy
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