September starts with price rises in European electricity markets except in the Iberian market thanks to renewable energy. In the week of September 2, prices rose in most European electricity markets. The increase in demand, together with lower solar energy production in most markets, favored this behavior. The MIBEL market was the exception, where prices … Continue reading Photovoltaic and wind energy in the week of September 2
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ICE signs 9 contracts with private companies to produce wind power and photovoltaic for 166 megawatts in Costa Rica
Five photovoltaic (PV) plants and four wind energy plants, built by the private sector, will come into operation between 2026 and 2027.In total, the electrical projects will contribute 166 megawatts to the national grid, according to the Costa Rican Institute of Electricity (ICE), when signing the commitment letters. Numu Solar Liberia Los Tecales Solar Nandayure … Continue reading ICE signs 9 contracts with private companies to produce wind power and photovoltaic for 166 megawatts in Costa Rica
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RWE builds ultra-fast, innovative battery storage system in the Netherlands to help safeguard the grid
RWE is expanding its battery storage business with an innovative technology for grid stability. The company has begun construction of an ultra-fast battery storage system with an installed capacity of 7.5 megawatts (MW) and a storage capacity of 11 megawatt hours (MWh) on the site of its power plant in Moerdijk, in the Netherlands. With … Continue reading RWE builds ultra-fast, innovative battery storage system in the Netherlands to help safeguard the grid
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Spain authorises six PV and hybrid projects of 465 MW in the first week of September, including 140 MW from Solaria
Application for the declaration of public utility of the Maira Beta Group Photovoltaic Plant of 140.127 MW and its evacuation infrastructures, in the municipal terms of La Vid de Bureba, Berzosa de Bureba, Vileña, Grisaleña, Llano de Bureba, Los Barrios de Bureba, Quintanilla San García, Valluércanes, Briviesca, Vallarta de Bureba, Valle de Tobalina, Busto de … Continue reading Spain authorises six PV and hybrid projects of 465 MW in the first week of September, including 140 MW from Solaria
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New study reveals that photovoltaic and wind power is now cheaper than coal and gas power plants
New research by the Fraunhofer Institute for Solar Energy Systems reveals that solar photovoltaics — converting solar energy into electricity — produce cheaper electricity than coal or gas, even when combined with batteries. The Fraunhofer Institute has been collecting data on the costs of different energy sources, like wind, nuclear, and coal, since 2010. While … Continue reading New study reveals that photovoltaic and wind power is now cheaper than coal and gas power plants
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Installed solar photovoltaic (PV) capacity has increased by 28% during 2023 in Spain
For the first time in history, in 2023, renewable energy in Spain has exceeded 50% of annual generation. The installed capacity of the generating park in Spain has increased by 5.2%, ending 2023 with 125,620 MW. The installed renewable capacity in the national electricity system has increased by 6.3 GW, which has allowed reaching a … Continue reading Installed solar photovoltaic (PV) capacity has increased by 28% during 2023 in Spain
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Moldova sets ambitious targets for transition to wind power and photovoltaic
The Republic of Moldova has unveiled an ambitious plan to boost renewable energy production by offering a comprehensive set of investment incentives aimed at attracting foreign investors. Key measures include priority access to connection approvals for auction winners, long-term fixed-rate contracts for up to 15 years, and support mechanisms for both small and large-scale producers. … Continue reading Moldova sets ambitious targets for transition to wind power and photovoltaic
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Trump and Harris set out contrasting visions for US energy
Back in January, when I looked ahead to the US elections on 5 November, I predicted “plenty of twists and turns in the race”. That turned out to be something of an understatement. President Joe Biden’s decision to drop out of the running, leaving Vice President Kamala Harris as the Democratic nominee, transformed the contest. … Continue reading Trump and Harris set out contrasting visions for US energy
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Photovoltaic and wind power made electricity prices 40% lower in the first half of the year in Spain
The wholesale price of electricity in Spain during the first half of 2024 was up to 40% lower than it would have been without the investments in solar photovoltaic and wind capacity made since 2019, according to an article published in the Economic Bulletin of the Bank of Spain. The article, authored by Javier Quintana, … Continue reading Photovoltaic and wind power made electricity prices 40% lower in the first half of the year in Spain
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Photovoltaic and wind energy in the last week of August
In the week of August 26, prices rose in all European markets. Wind and solar energy production registered declines, while electricity demand increased in most markets. TTF gas futures prices for the Front?Month remained below €40/MWh and CO2 emission allowance futures for the reference contract of December 2024 remained around €71/t. Solar photovoltaic, solar thermoelectric … Continue reading Photovoltaic and wind energy in the last week of August
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Giant batteries to store wind energy and photovoltaic solar power can speed up South Africa’s energy transition
South Africa is at a pivotal moment in its energy transition: trying to decarbonise its economy (move away from coal) and make sure that everyone has access to reliable and affordable energy. Storage of renewable energy is very important for this transition. Solar and wind power are not available all the time. To keep the … Continue reading Giant batteries to store wind energy and photovoltaic solar power can speed up South Africa’s energy transition
Continue readingPhotovoltaic and wind power in the fourth week of August
In the fourth week of August, prices declined in most European markets, supported by increased wind energy production coupled with decreases in demand and average temperatures. The exception was the Iberian market, where prices remained above €90/MWh for most of the week, with lower solar energy production in Spain and Portugal, and wind energy in … Continue reading Photovoltaic and wind power in the fourth week of August
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China’s installed power generation capacity up 14% from Jan. to July
China’s installed power generation capacity expanded 14 percent year on year in the first seven months of this year, data from the National Energy Administration showed on Friday. The country’s total installed power generation capacity reached about 3.1 billion kilowatts by the end of July, according to the data. Photo shows photovoltaic power panels and … Continue reading China’s installed power generation capacity up 14% from Jan. to July
Continue readingPhotovoltaic and wind energy in the third week of August
Lower prices in the iberian electricity market, while prices rise in the rest of the european markets. In the third week of August, wind production together with the decrease in demand and average temperatures contributed to the drop in prices in the Iberian market of Spain and Portugal. In the rest of Europe’s major electricity … Continue reading Photovoltaic and wind energy in the third week of August
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China is rapidly expanding its battery fleet for wind power and photovoltaic, but needs to start using it
The average storage system runs only once every two days. The electricity market lacks incentives to fully use its capacity. The solution to encourage the use of these batteries could involve new reforms of its electricity market, according to BloombergNEF. “Having electricity prices that change at different times of day, something many provinces are testing, … Continue reading China is rapidly expanding its battery fleet for wind power and photovoltaic, but needs to start using it
Continue readingPhotovoltaic and wind energy in second week of AugustPhotovoltaic and wind energy
In the second week of August, TTF gas futures prices continued their upward trend from the previous week, reaching levels above €40/MWh, which has not been seen since early December 2023. However, most of the main European electricity markets resisted the rise in gas prices and reached lower prices than the previous week, thanks to … Continue reading Photovoltaic and wind energy in second week of AugustPhotovoltaic and wind energy
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The restrictions on photovoltaic energy storage in Asturias are unfounded
The Spanish Photovoltaic Union (UNEF), the main photovoltaic energy business association in Spain, has today expressed its deep concern regarding the proposal of the Government of Asturias to establish minimum distance restrictions for the implementation of battery parks. According to UNEF, these restrictions, which establish distances of one kilometer from population centers and 500 meters … Continue reading The restrictions on photovoltaic energy storage in Asturias are unfounded
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The challenges of photovoltaic and wind energy in Chile
Fifteen years ago, when the massive investment in solar and wind energy generation projects began to replace those produced with fossil fuels, it was not anticipated that their production would be greater than the storage and transmission capacity that the country has. The consequence: today part of a valuable cargo coming from the north and … Continue reading The challenges of photovoltaic and wind energy in Chile
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CIP project with 730 MW of photovoltaic, 898 MW of wind power and 500 MW of hydrogen in Teruel
The Catalina project that CIP promotes in the province of Teruel includes 7 wind farms, 6 photovoltaic parks, their evacuation infrastructure to the green hydrogen production plant, and the 400 kV connection line. Copenhagen Infrastructure Partners (CIP), the Danish fund that will build the Maestrazgo Cluster, has estimated the number of trees that will be … Continue reading CIP project with 730 MW of photovoltaic, 898 MW of wind power and 500 MW of hydrogen in Teruel
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The installed capacity of solar photovoltaic energy in India reaches 85.47 GW and wind energy, 46.65 GW
The government reported on Tuesday that the total installed capacity of solar photovoltaic (PV) energy in the country amounts to 85.47 gigawatts (GW) and wind energy to 46.65 GW. India has taken several measures and initiatives to promote the development of renewable energy (RE), including solar and wind energy. These measures directly or indirectly incentivize … Continue reading The installed capacity of solar photovoltaic energy in India reaches 85.47 GW and wind energy, 46.65 GW
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