This new award in Puerto Rico is in addition to the plants executed by AES in the Dominican Republic, strengthening the alliance with the American energy company, which has a strong presence in the Caribbean region. The MARAHU project consists of two photovoltaic plants located in the south of Puerto Rico. The first facility will … Continue reading AES awards TSK a 460 MW hybrid photovaltaic solar project (260 PV+200 BESS)
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Naturgy increases its investment by 53% to 3 billion, focusing on energy transition and Spain
Naturgy improved its EBITDA in 2023 to 5,475 million euros (+11%) and recorded a net profit of 1.986 billion (+20%), in a year marked by falling energy prices and a volatile scenario. The networks business obtained an EBITDA of 2,638 million (+7%) and the deregulated businesses, 2.949 billion (+15%). Some 90% of the investment was … Continue reading Naturgy increases its investment by 53% to 3 billion, focusing on energy transition and Spain
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China needs huge expansion of photovoltaic solar, wind power to reach climate goals
China will need to expand its current solar and wind energy capacity by eight- to tenfold to fulfill its 2060 carbon neutrality goals, a University of California-led study has found. Achieving these aims will also require large-scale construction of transmission lines, as well as more coordinated national-level policies in place of impromptu local decisions, according … Continue reading China needs huge expansion of photovoltaic solar, wind power to reach climate goals
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North Africa’s Renewable Potential and Strategic Location Reinforce Its Role in Energy Transition
North Africa – Algeria, Egypt, Libya, Morocco, Tunisia, and Sudan – faces significant challenges due to climate change, which increasingly disrupts the region’s economies that rely on agriculture, fishery and tourism. Climate mitigation efforts, including renewable energy deployment is therefore crucial for the region’s climate resilience, while further developing their economies. Fortunately, the region is … Continue reading North Africa’s Renewable Potential and Strategic Location Reinforce Its Role in Energy Transition
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Mexico has the potential to develop more photovoltaic plants: AMIF
In Mexico there is an excellent opportunity to develop photovoltaic plants, stated Carlos Ortiz, former president of the Mexican Association of the Photovoltaic Industry (AMIF). According to the expert, the average amount of solar radiation received in the country is five kilowatt hours (kWh) for every square meter per day. “In general, there are elements … Continue reading Mexico has the potential to develop more photovoltaic plants: AMIF
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The United States installed 63 GW of new power generation this year, of which photovoltaic accounted for 60 percent.
According to the U.S. Energy Information Administration, the U.S. will add 62.8 gigawatts (GW) of installed utility-scale generation in 2024. According to the U.S. Energy Information Administration’s latest forecast, in 2024, the U.S. will add 62.8 gigawatts of new utility-scale power generation. This new capacity compared to 40.4 GW in 2023, an increase of 55%. … Continue reading The United States installed 63 GW of new power generation this year, of which photovoltaic accounted for 60 percent.
Continue readingChina’s photovoltaics (PV) enjoy brighter prospects
Photovoltaic (PV) producers have delayed or canceled capacity expansion plans and even reduced production, partially addressing overcapacity issues. China’s solar photovoltaic (PV) industry’s protracted battle against overcapacity may be coming to an end, after years of bitter price wars and rapid capacity creation that plunged half the sector into the red, leaving which forced closures … Continue reading China’s photovoltaics (PV) enjoy brighter prospects
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In 2023, India added 7.5 GW of photovoltaic solar capacity
In 2023, India added 7.5 GW of photovoltaic solar capacity, a sharp drop from the 13.4 GW installed in 2022. Large-scale photovoltaic (PV) solar installations took the biggest hit, decreasing by 50.8% to 5.8 GW from the previous year’s 11.7 GW. Large-scale projects made up 77.2% of the annual additions, with rooftop solar contributing 22.8%. … Continue reading In 2023, India added 7.5 GW of photovoltaic solar capacity
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Photovoltaic solar energy boom in Chile: in less than two months there are already 20 projects for more than US$ 2 billion
Only 52 days of the year have passed and what experts have called “a solar energy boom” is in full swing, according to the projects entered into environmental processing. As of February 20, a total of 81 projects from various economic sectors have entered the list of the Environmental Evaluation Service (SEA). Of them, 20 … Continue reading Photovoltaic solar energy boom in Chile: in less than two months there are already 20 projects for more than US$ 2 billion
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South Africa’s central province bets on photovoltaic solar energy
The South African province of Gauteng is moving ahead with plans to establish a solar park with a capacity of at least 800 megawatts (MW) that will be connected to the national grid. According to Gauteng Premier Panyaza Lesufi, the long-term plan with Sibanye-Stillwater Town Council already has approval for the lease of land to … Continue reading South Africa’s central province bets on photovoltaic solar energy
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Chinese-built solar photovoltaic (PV) power plant shines in northern Bangladesh
Mymensingh district in north-central Bangladesh has a diverse landscape of valleys and mountainous terrain. With a height of 19 meters above the sea, the district is the highest place of all the main cities of the delta country. Due to its elevation, the district enjoys more sunlight than anywhere else in the South Asian country. … Continue reading Chinese-built solar photovoltaic (PV) power plant shines in northern Bangladesh
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GCL SI secures 550 MW photovoltaic module deal with SJVN in India
GCL System Integration (GCL SI) has landed a substantial deal for supplying 550 MW of photovoltaic solar modules to SJVN Green Energy Limited (SJVN), a state-owned renewable energy developer in India. Following a recent 1.1GW collaboration with another Indian power giant, this new agreement underscores GCL SI’s growing presence in the Indian solar market. The … Continue reading GCL SI secures 550 MW photovoltaic module deal with SJVN in India
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After auction, photovoltaic solar energy participation goes from 3% to 26% in Colombia
99% of the energy allocated was solar, and 1% for thermal plants, including biomass, a fact that occurs for the first time in the history of the country.Last Friday, the Reliability Charge Auction for the National Interconnected System, SIN, concluded, in which historic results were achieved that contribute to the energy transition. In fact, one … Continue reading After auction, photovoltaic solar energy participation goes from 3% to 26% in Colombia
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Photovoltaic energy registers the highest daily production in history for a February month in Spain, Portugal and Italy
In the third week of February, European electricity market prices remained stable, most of them with averages below €70/MWh. The MIBEL market registered the lowest averages for the second week in a row. Photovoltaic energy registered the highest daily production in history for a February month in Spain, Portugal and Italy. Gas and CO2 futures … Continue reading Photovoltaic energy registers the highest daily production in history for a February month in Spain, Portugal and Italy
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EDP Renewables inaugurates new hybrid photovoltaic and wind energy project in Portugal
The photovoltaic plant installed next to an operational wind farm nearly doubles renewable production at that location and accelerates the energy transition in the central region of the country. The projectis the second hybrid operation in Portugal. At the end of the first year, the first project of its kind in the country has already … Continue reading EDP Renewables inaugurates new hybrid photovoltaic and wind energy project in Portugal
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Photovoltaic (PV) installations will reach 574 GW in 2024 worldwide
BloombergNEF highlights in a new report that developers installed 444 GW of new PV capacity worldwide in 2023. It says new installations could reach 574 GW in 2024, 627 GW in 2025 and 880 GW in 2030.The world could install up to 574 GW of new PV capacity this year, according to a new global … Continue reading Photovoltaic (PV) installations will reach 574 GW in 2024 worldwide
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Iberdrola and Exiom inaugurate their photovoltaic solar panel factory in Spain in spring
Iberdrola and Exiom will inaugurate this spring the first large solar panel factory in Spain, located in the Asturian municipality of Langreo, with which both companies seek, among other objectives, to reinforce their commitment to the economic reactivation of the mining basins. The project, which has funding from the Institute for the Just Transition (ITJ), … Continue reading Iberdrola and Exiom inaugurate their photovoltaic solar panel factory in Spain in spring
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Greenalia obtains financing for 3 GW of photovoltaics in the US.
Spanish renewable project developer Greenalia has secured €185.6 million in financing lines to support the development of its 3 GW wind and solar photovoltaic (PV) portfolio in the United States. The new income will be obtained in the form of three-year loans and will be used by the subsidiary of the Spanish company, Greenalia Power. … Continue reading Greenalia obtains financing for 3 GW of photovoltaics in the US.
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Ethiopia seeks to harness its enormous renewable energy potential
Ethiopia has significant renewable energy potential, including hydroelectric, wind, solar and geothermal sources, with the capacity to generate more than 60,000 MW of electrical energy.The country is investing in several renewable energy projects, including the Grand Ethiopian Renaissance Dam (GERD), wind farms and geothermal plants, to improve energy security and support economic growth.While facing criticism … Continue reading Ethiopia seeks to harness its enormous renewable energy potential
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RWE completes three battery storage projects in Texas and Arizona for photovoltaics (PV) with 190 megawatts
Construction activities are underway on an additional 770 megawatts of battery storage projects in the U.S. Globally, RWE’s battery storage capacity now stands at around 700 MW. RWE continues to deliver on its Growing Green Strategy. In the U.S., the company is further expanding its green energy portfolio with the recent completion of three new … Continue reading RWE completes three battery storage projects in Texas and Arizona for photovoltaics (PV) with 190 megawatts
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