In the week of May 20, prices in the main European electricity markets rose following increases in gas and CO2 prices. TTF gas and CO2 futures reached the highest values since the first half of December 2023 and January 2024, respectively. Even so, most markets registered negative hourly prices, primarily over the weekend. Solar photovoltaic … Continue reading Prices rise in European electricity markets due to gas and CO2 while photovoltaic energy continues to set records
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China’s renewable energy exports grow 35% between 2019-2023
Power batteries surpass photovoltaic solar modules as the main export of renewable products. Chinese exports of renewable products grew 35% between 2019 and 2023, driven by competitive prices and dominance of production capacity, according to Wood Mackenzie’s new “Looking Abroad” report. Power batteries overtook solar PV modules to become China’s top renewable energy export product … Continue reading China’s renewable energy exports grow 35% between 2019-2023
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RWE to build Australia’s first eight-hour battery for photovoltaics
The investment decision has been made for the 50+ megawatt/400 megawatt hour Limondale battery energy storage system adjacent to RWE’s Limondale solar PV farm. Tesla will supply its Megapack batteries for the project, with commissioning scheduled for late 2025. RWE will increase its global battery storage portfolio to 6 gigawatts by 2030. Leading global renewables … Continue reading RWE to build Australia’s first eight-hour battery for photovoltaics
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Battery storage begins to play a key role for US grids
California and Texas increasingly rely on storage to balance the grid. Other states will follow. Wind power and photovoltaics require storage to ensure supply “The future is already here — it’s just not very evenly distributed.” That observation, from the great science fiction writer William Gibson, often provides a useful framework for thinking about technological … Continue reading Battery storage begins to play a key role for US grids
Continue readingSolar photovoltaic energy set a daily production record in Germany in the third week of May
On May 14, in Germany, solar photovoltaic energy registered the highest production in the history of this market, exceeding 400 GWh. Wind energy production increased in most markets during the third week of May, which, together with lower gas and CO2 prices than the previous week, contributed to the fall in prices in most major European … Continue reading Solar photovoltaic energy set a daily production record in Germany in the third week of May
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The US puts up the barriers to Chinese photovoltaic products
EVs, solar modules and batteries are among the imports targeted by steep new tariffs, The Roman Emperor Caligula is said to have arrayed his army to fight the English Channel, and then declared victory over the sea. One explanation for this puzzling event is that he was simply insane. Another is that he understood the … Continue reading The US puts up the barriers to Chinese photovoltaic products
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ACP Statement on Clean Energy Manufacturing Policy Announcements
The American Clean Power Association (ACP) released the following statement from ACP CEO Jason Grumet after the U.S. Treasury released new guidance on the domestic content bonus credit for qualifying wind, solar, and energy storage technologies: “The domestic manufacturing incentives in the Inflation Reduction Act are essential to strengthen America’s clean energy supply chain. We commend … Continue reading ACP Statement on Clean Energy Manufacturing Policy Announcements
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ACP Statement on 301 Tariffs for Battery Storage
The American Clean Power Association (ACP) released the following statement today from ACP CEO Jason Grumet after the Biden Administration’s decision on Section 301 tariffs related to lithium-ion batteries for energy storage: “Today’s decision recognizes the value of battery energy storage and its importance to the reliability of our electric grid. As energy demand grows, battery … Continue reading ACP Statement on 301 Tariffs for Battery Storage
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REPowerEU – EU presents new initiatives to strengthen energy security and accelerate transition to renewables
Today is the second anniversary of REPowerEU, the EU’s energy policy response to Russia’s invasion of Ukraine. REPowerEU has speeded up the permitting of wind farms and helped raise the share of wind in Europe’s electricity mix – it’s now 19%. The EU have now launched new initiatives to keep the momentum of REPowerEU by … Continue reading REPowerEU – EU presents new initiatives to strengthen energy security and accelerate transition to renewables
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Photovoltaic and wind power in the second week of May
In the second week of May, prices in the main European electricity markets remained at similar levels to those of previous weeks, although the weekly average rose in most of them. The weekly average price fell only in the French market, which registered the lowest value, thus breaking the Iberian market’s streak of the lowest … Continue reading Photovoltaic and wind power in the second week of May
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Renewable energy passes 30% of world’s electricity supply
Renewable energy accounted for more than 30% of the world’s electricity for the first time last year following a rapid rise in wind and photovoltaic solar power, according to new figures. A report on the global power system has found that the world may be on the brink of driving down fossil fuel generation, even … Continue reading Renewable energy passes 30% of world’s electricity supply
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Analysis of clean technologies: solar photovoltaic, wind energy, batteries, electrolyzers and heat pumps
For every nation, clean technology manufacturing can bring economic security, employment, and resilience to clean energy transitions, says the IEA. The sector is now so significant that it’s also impacting overall GDP performance: in 2023, clean technology manufacturing alone accounted for around 4% of global GDP growth and nearly 10% of global investment growth. Here, … Continue reading Analysis of clean technologies: solar photovoltaic, wind energy, batteries, electrolyzers and heat pumps
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Photovoltaic storage in Spain in 2023 reaches 1,823 MWh of storable solar energy
According to data collected by the Spanish Photovoltaic Union (UNEF), the majority association of solar energy in Spain that already has more than 800 companies, in 2023 495 MWh of behind-the-meter storage were installed in Spain, of which, around Three quarters correspond to residential facilities. UNEF has carried out study work with its associated companies … Continue reading Photovoltaic storage in Spain in 2023 reaches 1,823 MWh of storable solar energy
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US wind and PV industry reports milestones and strong growth in first quarter
Operating utility-scale photovoltaic surpasses 100 GW. 5.6 GW of new clean power online in Q1 2024, up 28% year-over-year. First large-scale offshore wind power project in federal waters supplies 132 MW of grid capacity, In an impressive start to the year, the American Clean Power Association (ACP) revealed that the U.S. utility-scale solar, wind, and … Continue reading US wind and PV industry reports milestones and strong growth in first quarter
Continue readingPhotovoltaic and wind energy production in the first week of May
In the week of April 29, prices in the main European electricity markets fell compared to the previous week. The exception was the Iberian MIBEL market, where prices rose, although they were the lowest again for the thirteenth consecutive week. Most markets registered negative hourly prices. Portugal and Italy broke the historical records for solar … Continue reading Photovoltaic and wind energy production in the first week of May
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Renewables reached 64.6% in April in Spain: wind power (22.2%), hydraulic (19.7%) and solar photovoltaic (18.8%)
In April, renewables reached a share of 64.6% of the total monthly generation and, for the first time, three renewable technologies lead the mix: wind (22.2%), hydraulic (19.7%) and solar photovoltaic ( 18.8%), Electricity demand grows by 6.3% in the Balearic Islands and 4.7% in the Canary Islands, once the effects of work hours and … Continue reading Renewables reached 64.6% in April in Spain: wind power (22.2%), hydraulic (19.7%) and solar photovoltaic (18.8%)
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ACP Statement on Bipartisan Permitting Reform Implementation Rule
The American Clean Power Association (ACP) released the following statement from CEO Jason Grumet after the Biden Administration finalized the Bipartisan Permitting Reform Implementation Rule, which aims to expedite infrastructure project permits and modernize the environmental review process under NEPA: “There’s broad agreement, across industries and political aisles, that it simply takes too long to build critical … Continue reading ACP Statement on Bipartisan Permitting Reform Implementation Rule
Continue readingPhotovoltaic energy reaches all time highs in the Iberian Peninsula
European electricity market prices continue to recover, while photovoltaic energy reaches all time highs in the Iberian Peninsula. In the fourth week of April, prices continued to recover in the main European electricity markets. Even so, most markets registered negative prices for a few hours, especially on Sunday, April 28. In the MIBEL market, weekly … Continue reading Photovoltaic energy reaches all time highs in the Iberian Peninsula
Continue reading2023 Top Photovoltaic Storage Manufacturers in China
The energy storage sector reached new heights in 2023, as showcased at the annual Energy Storage Carnival and the release of the Global Energy Storage Shipment Rankings for Chinese Enterprises by the Electric Energy Storage Alliance (EESA). EESA Chairman, Du Xiaotian, delivered a comprehensive summary of the global and Chinese energy storage industry’s developments in … Continue reading 2023 Top Photovoltaic Storage Manufacturers in China
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The EU Grid Action Plan will help wind energy and photovoltaics, but urgent action is needed against excessive connection queues.
On 28 November the EU Commission launched an Action Plan for Grids – a 14-point plan to modernise Europe’s electricity grid and prepare for the renewables-based electrification of the energy system. It says €584bn of new investments are required by 2030 to upgrade Europe’s grids. Absolutely. And these investments can’t come soon enough. The current … Continue reading The EU Grid Action Plan will help wind energy and photovoltaics, but urgent action is needed against excessive connection queues.
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