Rapid growth in solar energy adoption as well as new wind energy coming online, has led to renewable energy sources providing more 30% of the nation’s electrical generation for the first time ever, according to the Energy Information Administration. Solar increased by 25% in the first four months of 2024 compared to the first third … Continue reading Wind energy and photovoltaic solar energy grew in the first four months of 2024 in the US
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Energy Storage Industry Takes Significant Steps to Lead on Safety and Support Communities
The American Clean Power Association (ACP) today announced an important policy effort to promote the current best-in-class safety measures for energy storage technology systems. This includes policy recommendations for local and state governments to use and adopt such safety measures. Today, ACP published a model ordinance framework providing comprehensive guidance for state and local governments … Continue reading Energy Storage Industry Takes Significant Steps to Lead on Safety and Support Communities
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Solar photovoltaic and wind energy in the third week of June
In the third week of June, prices in most major European electricity markets increased compared to the previous week. The main causes of this rise were the increase in average temperatures, which favored the increase in demand in most markets, as well as the generalized decrease in wind energy production and the decrease in solar … Continue reading Solar photovoltaic and wind energy in the third week of June
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US Energy Storage Market Sets Q1 Capacity Installation Record
The U.S. energy storage market set a first-quarter record for capacity installed in Q1 2024, with 1,265 megawatts (MW) deployed across all segments. This marks the highest storage capacity ever installed in a first quarter in the U.S., representing an 84% increase from Q1 2023. According to Wood Mackenzie and the American Clean Power Association’s … Continue reading US Energy Storage Market Sets Q1 Capacity Installation Record
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Pumping, ‘superbatteries’ for more wind power and photovoltaic energy
Energy companies have plans in different states of maturity to build up to 40 pumped hydroelectric plants with a power of 15,000 MW, triple those already operational in the country.The massive deployment of new renewable energy plants in Spain forces us to face major challenges for the reorganization of the electrical system. The intermittency of … Continue reading Pumping, ‘superbatteries’ for more wind power and photovoltaic energy
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Enel Green Power Australia secures project financing for Quorn Park Photovoltaic Hybrid Project
Enel Green Power Australia (EGPA), a joint venture company co-owned by Enel Green Power and Inpex Corporation, is pleased to announce that construction of the Quorn Park Hybrid Project will commence in quarter three this year, having secured project financing. With investment value of over $190 million, the project will consist of the construction and … Continue reading Enel Green Power Australia secures project financing for Quorn Park Photovoltaic Hybrid Project
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European electricity markets react to increased wind energy production with price declines
In the second week of June, prices in most major European electricity markets fell compared to the previous week. Over the weekend, almost all markets reached negative hourly prices. The Iberian market registered prices of ?€2.00/MWh, which is the lowest value in the history of this market. France reached the lowest price since the end … Continue reading European electricity markets react to increased wind energy production with price declines
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US energy storage market sets Q1 capacity installation record
The U.S. energy storage market set a first-quarter record for capacity installed in Q1 2024, with 1,265 megawatts (MW) deployed across all segments. This marks the highest storage capacity ever installed in a first quarter in the U.S., representing an 84% increase from Q1 2023. According to Wood Mackenzie and the American Clean Power Association’s … Continue reading US energy storage market sets Q1 capacity installation record
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Spain’s wind `power and photovoltaic energy could exceed demand
The Castilla-La Mancha region of central Spain was once known for its wind turbines. The 28 huge wind turbines of the Sierra del Romeral wind farm, located in the hills not far from the historic city of Toledo, dominate this landscape. Operated by Iberdrola, they are part of a trend that has accelerated Spanish production … Continue reading Spain’s wind `power and photovoltaic energy could exceed demand
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Demand for photovoltaic solar power and energy storage is only going to increase. What’s the plan for meeting it?
Day 2 of the 2024 Solar and Energy Storage Summit and the conversation was still in full swing. David Banmiller was there once again to capture all the debate and discussion on the future of the solar energy sector. Electrification is at the heart of the energy transition. There’s been a sharp rise in grid … Continue reading Demand for photovoltaic solar power and energy storage is only going to increase. What’s the plan for meeting it?
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Solar photovoltaic (PV) and wind power capacity expected to surpass 1,200 GW target next year in China
GlobalData’s latest report, “China Power Market Size, Trends, Regulations, Competitive Landscape and Forecast, 2024-2035” reveals that solar PV power is expected to maintain its status as the dominant source of renewable power until 2035. Financial incentives and policy support are among the primary drivers that facilitate the achievement of targets ahead of schedule. China to … Continue reading Solar photovoltaic (PV) and wind power capacity expected to surpass 1,200 GW target next year in China
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IRENA Supports Ukraine in Rebuilding Damaged Energy Infrastructure
Today, at the Ukraine Recovery Conference in Berlin, the International Renewable Energy Agency (IRENA) and the Energy Community Secretariat (ECS) jointly put forward a Letter of Intent to closely work together in support of sustainable energy initiatives in Ukraine. Ukraine, an IRENA Member since 2018, appealed to the Agency and its Member Countries during the … Continue reading IRENA Supports Ukraine in Rebuilding Damaged Energy Infrastructure
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Ørsted invests in battery energy storage system co-located with Hornsea 3 Offshore Wind Farm
Ørsted has taken final investment decision on a battery energy storage system, which will provide stability to the UK energy supply and reduce price volatility. The Tesla battery energy storage system will be installed on the same site as the onshore converter station for Ørsted’s Hornsea 3 Offshore Wind Farm in Swardeston, near Norwich, Norfolk, … Continue reading Ørsted invests in battery energy storage system co-located with Hornsea 3 Offshore Wind Farm
Continue readingThe decline in wind energy pushed European market prices higher at the beginning of June
In the first week of June, prices in most European electricity markets increased compared to the previous week. Germany registered the highest price since the end of November 2023, €235.52/MWh, on June 4 from 20:00 to 21:00. The increases were largely driven by the general decline in wind energy production. Despite the increases, most markets … Continue reading The decline in wind energy pushed European market prices higher at the beginning of June
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Investment in clean energy this year is set to be twice the amount going to fossil fuels
Global spending on clean energy technologies and infrastructure on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies Despite pressures on financing, global investment in clean energy is set to reach almost double the amount going to fossil fuels in 2024, helped by … Continue reading Investment in clean energy this year is set to be twice the amount going to fossil fuels
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Atlántico seeks to be the center of Colombia’s energy transition due to its great photovoltaic and wind energy potential
The great potential that the Atlantic has for the development of solar and wind projects on marine and terrestrial lands can position the department as the “center of the country’s energy transition,” according to Governor Eduardo Verano. Proof of this is that the department is the epicenter of 10 solar projects, which total approximately 1,000 … Continue reading Atlántico seeks to be the center of Colombia’s energy transition due to its great photovoltaic and wind energy potential
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Lower prices in European electricity markets in the last week of May and new photovoltaic record in Portugal
In the last week of May, prices in most European electricity markets fell compared to the previous week. Most markets registered negative prices at the end of the week. The increase in renewable energy production and the decrease in demand in some markets favored the decreases. On May 27, Portugal broke the all?time record for … Continue reading Lower prices in European electricity markets in the last week of May and new photovoltaic record in Portugal
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Batteries: frequently asked questions
An introduction to batteries, from lithium-ion (Li-ion) and sodium-ion (Na-ion) technologies to battery raw materials including lithium, nickel, cobalt and manganese. Batteries are critical to the energy transition. They power new electric vehicles (EVs) and provide energy support for grids with an increasing share of intermittent supply from renewables. So, what are batteries made of? … Continue reading Batteries: frequently asked questions
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Investment opportunities for utility-scale solar and wind areas: El Salvador
Through a rigorous and collaborative process involving local representatives, this study integrates diverse datasets covering population density, land use and infrastructure networks, as well as renewable and meteorological data, to identify favourable zones in El Salvador for utility-scale solar photovoltaic (PV) and onshore wind projects. The analysis reveals that a significant portion of El Salvador’s … Continue reading Investment opportunities for utility-scale solar and wind areas: El Salvador
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Photovoltaic solar becomes the leading technology in the Spanish generation mix for the first time in May, with 23.8% of the total
Monthly production with renewables in our country represented 63% and technologies that do not emit CO2 equivalent reached a share of 81.4%: wind contributed 20.2% and photovoltaic 23.8%.The demand for electrical energy in Spain increases 1.1% in May. Electricity demand grows by 3.8% in the Balearic Islands and 2.8% in the Canary Islands, once the … Continue reading Photovoltaic solar becomes the leading technology in the Spanish generation mix for the first time in May, with 23.8% of the total
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