In addition to the commercialization of clean energy, ACCIONA Energy has 166MW of renewable generation assets in Portugal, including wind power and photovoltaic energy installations. The company’s portfolio in Portugal includes 16 wind farms and the Amareleja Photovoltaic Power Plant. ACCIONA Energía announced today that it has signed a framework contract with the Portuguese Public … Continue reading Acciona Energía signs agreement with eSPap to supply renewable electricity to public entities in Portugal
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For the third consecutive month, solar photovoltaics leads the generation mix in Spain with 24% of the total
The demand for electrical energy in Spain falls by 0.8% in July. For the third consecutive month, solar photovoltaics leads the national generation mix with 24% of the total, the largest share in its history. Monthly production with renewables such as wind power, photovoltaic, hydraulic and solar thermal energy. In our country it meant 55.3% … Continue reading For the third consecutive month, solar photovoltaics leads the generation mix in Spain with 24% of the total
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Wind energy and photovoltaic overtake fossil fuels to provide 30% of EU electricity
Report finds 13 member states generated more energy from wind and solar power than coal and gas for first time in 2024 Ajit Niranjan Wind turbines and solar photovoltaic panels have overtaken fossil fuels to generate 30% of the European Union’s electricity in the first half of the year, a report has found. Power generation … Continue reading Wind energy and photovoltaic overtake fossil fuels to provide 30% of EU electricity
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Photovoltaic and wind energy in the fourth week of July
In the fourth week of July, prices in the main European electricity markets, as well as gas and CO2 futures prices, remained in the same range as in the previous week. Most electricity markets registered negative prices on Sunday, July 28. On that day, Italy registered the highest photovoltaic energy production for a July month. … Continue reading Photovoltaic and wind energy in the fourth week of July
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Solar photovoltaic (PV) and storage can stabilize the grid
There are many factors that affect the stability of an electrical network at any given time. The most common challenge is matching supply with demand. The amount of energy consumers need varies depending on the time of day and weather conditions or even a national holiday or major event. In the United States, for example, … Continue reading Solar photovoltaic (PV) and storage can stabilize the grid
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Curtailment, Greece needs 7 GW of energy storage by 2030 to avoid photovoltaic cuts
Up to 20% of renewable electricity production is expected to be curtailed by 2030 in Greece if no new investments are made in energy storage. Greece is faced with ever-increasing curtailments of renewable energy production. Based on expectations from the revised National Energy and Climate Plan (NECP), an attempt will be made to deal with … Continue reading Curtailment, Greece needs 7 GW of energy storage by 2030 to avoid photovoltaic cuts
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Iberdrola: Record investments of €5.28 Bn (+16%) and strong operational performance drive H1 reported net profit of €4.13 Bn
Record renewables production and robust performance in our networks business has helped to deliver a strong set of results for the first half of 2024. We have also invested more than ever before in the first 6 months which will drive benefits in the second half of the year, in terms of new renewables capacity … Continue reading Iberdrola: Record investments of €5.28 Bn (+16%) and strong operational performance drive H1 reported net profit of €4.13 Bn
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Naturgy consolidates record results and improves expectations for 2024
Naturgy has managed to consolidate in the first half of 2024 the record results obtained last year, now in a more competitive scenario marked by a sharp global decline in energy prices. The Group recorded an EBITDA of 2,846 million euros and a net income of 1,043 million euros, both at the same level as … Continue reading Naturgy consolidates record results and improves expectations for 2024
Continue readingEuropean market prices continue their upward trend in summer while photovoltaic energy registered records in Portugal and France
In the third week of July, prices in most major European electricity markets continued to rise compared to the previous week. However, the drop in prices over the weekend meant that weekly price increases did not exceed 10%. Portugal broke the historical record for photovoltaic energy production again on July 16, while on July 18, … Continue reading European market prices continue their upward trend in summer while photovoltaic energy registered records in Portugal and France
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Infinity Power to develop 1 GW photovoltaic, wind energy, hydro, battery storage in Sierra Leone by 2033
Infinity Power, a joint venture between Netherlands-headquartered Infinity Group and UAE-based Masdar, announced on Monday that it has signed a Memorandum of Understanding (MOU) with Sierra Leone to develop 1-gigawatt (GW) of renewable energy capacity in the West African country in phases by 2033. Infinity Power said in a statement that it will collaborate closely … Continue reading Infinity Power to develop 1 GW photovoltaic, wind energy, hydro, battery storage in Sierra Leone by 2033
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Photovoltaic and wind energy in the second week of July
In the second week of July, prices in the main European electricity markets rose compared to the previous week. These increases were favored by the drop in wind energy production and the increase in temperatures, which caused demand to rise in most markets. Almost all markets registered negative prices in some hours. Solar energy production … Continue reading Photovoltaic and wind energy in the second week of July
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Energy storage: global capacity to increase by 1 TW by 2033
Global energy storage capacity – excluding pumped hydropower – will increase by almost 1 TW between 2024 and 2033, representing an increase of 636%. Tax incentives and hybrid auctions will accelerate the expansion of the technology around the world. According to consulting firm Wood Mackenzie in its latest report, this makes this technology one of … Continue reading Energy storage: global capacity to increase by 1 TW by 2033
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China building two-thirds of world’s wind energy and photovoltaic solar projects
Country on track reach 1,200GW of installed wind power and photovoltaic capacity by end of 2024 – six years ahead of Beijing’s target. Between March 2023 and March 2024, China installed more solar than it had in the previous three years combined, and more than the rest of the world combined for 2023, the GEM … Continue reading China building two-thirds of world’s wind energy and photovoltaic solar projects
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Photovoltaic and wind energy in the first week of July
In the first week of July, prices in most major European electricity markets fell compared to the previous week. Almost all markets registered hours with negative prices in the latter part of the week. Rising wind energy production, as well as lower gas prices and demand in some markets, contributed to the decline in prices. … Continue reading Photovoltaic and wind energy in the first week of July
Continue readingPhotovoltaic (PV) and wind power uptake to reach 5.4 TWac from 2024 to 2033
Global photovoltaic deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storage, From 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online, increasing the cumulative global total to 8 TWac, … Continue reading Photovoltaic (PV) and wind power uptake to reach 5.4 TWac from 2024 to 2033
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Batteries the key as photovoltaic cell prices plunge and wind power and solar ramp up towards 50 pct share
Renewable generation should be around 50 per cent of supply on Australia’s main grid by July, 2026, although it might be a bit less depending on progress on the second stage of Golden Plains, which will be the country’s biggest wind farm – at least for a time – when complete. To get to 80 … Continue reading Batteries the key as photovoltaic cell prices plunge and wind power and solar ramp up towards 50 pct share
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Spain gives the green light to 3,155.8 MW of solar photovoltaic energy and 390.7 MW of wind power in Q2 2024
Spain granted permits for 3,526.5 MW of new photovoltaic and wind energy projects during the second quarter of 2024, according to a report by research firm Opina 360, which extracts figures from BOE announcements. Compared to the first quarter, this is a capacity drop of 40.8%, according to the report written for the organizers of … Continue reading Spain gives the green light to 3,155.8 MW of solar photovoltaic energy and 390.7 MW of wind power in Q2 2024
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Transatlantic Energy Highway: Is a Global Power Grid on the Horizon?
There are a great number of challenges standing between the current global energy landscape and decarbonization. Even though the installation of renewable energy production capacity is picking up speed, experts say that the growth rate is insufficient to achieve the goals set forth by the Paris Climate Agreement. However, in some places, the amount of … Continue reading Transatlantic Energy Highway: Is a Global Power Grid on the Horizon?
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Prices fall in most European electricity markets while the German market breaks historical price and photovoltaic energy records
In the last week of June, prices in most major European electricity markets fell compared to the previous week. The exceptions were the Iberian and German markets. In the latter, the weekly average increased due to the price of €2325.83/MWh reached in one hour on June 26, when the single European market decoupled. This is … Continue reading Prices fall in most European electricity markets while the German market breaks historical price and photovoltaic energy records
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China’s photovoltaic & storage exports achieve record growth with more than 40% surge
In 2023, China achieved record photovoltaic export volume growth across all subcomponents, driving manufacturing expansion in emerging markets. Following Wood Mackenzie’s recent presentation at the SNEC Solar PV Conference & Exhibition in Shanghai in June, we share our insights on the global reach of China’s solar and storage industry. Drawing on proprietary data, insights from … Continue reading China’s photovoltaic & storage exports achieve record growth with more than 40% surge
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