The cost competitiveness of these technologies varies significantly across regions, but overall, renewables are on track to overtake traditional fossil fuel sources. Wood Mackenzie has released five regional Levelised Cost of Electricity (LCOE) reports for 2024, which provide an in-depth analysis of the evolving electricity cost landscape across global markets. These reports, covering Asia Pacific … Continue reading Global LCOE (levelized cost of electricity) competitiveness of wind power and photovoltaic (PV) is increasing
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US 2023 photovoltaic, wind power, geothermal output up 200% from 2014
15 states had at least 30% power from renewables in 2023. Southeastern US sees surge in photovoltaic generation. The US generated about three times as much electricity from solar, wind and geothermal resources in 2023 than it did in 2014, a decade-long stretch that also saw the percentage of national retail power sales from these … Continue reading US 2023 photovoltaic, wind power, geothermal output up 200% from 2014
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Concern and uncertainty in the wind energy sector over the new draft bill on fiscal and administrative measures from the Xunta
The draft bill on fiscal and administrative measures from the Xunta has begun its parliamentary process. The wind sector believes that the text proposes a paradigm shift in relation to the repowering of wind farms, which clashes head-on with the fundamental principles of the existing legal system. The wind sector, understanding that the spirit of … Continue reading Concern and uncertainty in the wind energy sector over the new draft bill on fiscal and administrative measures from the Xunta
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EIB and Iberdrola sign 120 million loan for energy innovation projects in Spain
The European Investment Bank (EIB) today signed a EUR 120 million loan with Iberdrola to finance the development of energy technology research and innovation projects aimed at contributing to and accelerating the electrification and decarbonisation of the economy. The total investment associated with the project will be €250 million. The EIB funding will be used … Continue reading EIB and Iberdrola sign 120 million loan for energy innovation projects in Spain
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Europe’s wind supply chain continues ramp up to meet EU targets
On 15 October MEPs Barry Andrews, Annalisa Corrado and Bart Groothuis and EU Commission officials from DGs GROW and MARE joined WindEurope to visit Sif’s new monopile factory and Eneco’s new coastal wind farm in Rotterdam. The Port of Rotterdam also showed us how it’s driving every aspect of the EU’s Clean Industrial Deal. The … Continue reading Europe’s wind supply chain continues ramp up to meet EU targets
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Photovoltaic, wind power projects of over 10 GW in Albania await grid access
Albania’s Transmission System Operator (OST) said in its report for 2023 that developers of 133 wind power and photovoltaic solar projects applied for grid connections. Their total planned capacity is just under 10.5 GW. However, the state-owned company signed only three contracts. Wind energy and photovoltaic solar power plant projects in Albania have by far … Continue reading Photovoltaic, wind power projects of over 10 GW in Albania await grid access
Continue readingClean Energy Industries Rally Behind Illinois Bills to Save Ratepayers $3 Billion Through Grid Modernization
Illinois clean energy industries are unified in supporting HB5856 and SB3959, new legislation that will future-proof Illinois’ energy grid and economy, lower consumer costs, meet climate goals, create family-sustaining careers, and mitigate increasing risks of blackouts. “Clean energy is the future, and it’s my duty to work toward that future for the benefit of all … Continue reading Clean Energy Industries Rally Behind Illinois Bills to Save Ratepayers $3 Billion Through Grid Modernization
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Geopolitical tensions are laying bare fragilities in the global energy system, reinforcing need for faster expansion of photovoltaic and wind energy
World Energy Outlook 2024 shows critical choices facing governments and consumers as period of more ample supplies nears and surging electricity demand reshapes energy security Regional conflicts and geopolitical strains are highlighting significant fragilities in today’s global energy system, making clear the need for stronger policies and greater investments to accelerate and expand the transition … Continue reading Geopolitical tensions are laying bare fragilities in the global energy system, reinforcing need for faster expansion of photovoltaic and wind energy
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The combined accumulated power of wind and photovoltaic energy grows by 12.7% in 2023 in Spain
Wind power, solar photovoltaic and concentrated solar power (CSP) sources reached a combined accumulated power of 59,106 megawatts (MW) in 2023, which represents an increase of 12.7% compared to the previous year, according to the DBK Sector Observatory of Informa, a subsidiary of Cesce.The study reflects that in 2023 the upward trend in installed renewable … Continue reading The combined accumulated power of wind and photovoltaic energy grows by 12.7% in 2023 in Spain
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The recovery of wind energy production in Europe in the second week of October favors the price fall in the electricity markets
In the second week of October, wind energy production in most major European markets recovered after the previous week’s falls, favoring weekly price declines in most electricity markets. On an hourly basis, some markets registered negative prices, while others registered the highest prices since at least February 2024. In Italy, photovoltaic energy production reached a … Continue reading The recovery of wind energy production in Europe in the second week of October favors the price fall in the electricity markets
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Ecuador needs to boost photovoltaic and wind power to reduce dependence on hydroelectric energy
Renewable energies, such as solar photovoltaic, wind, hydroelectric, geothermal and biomass, lead the energy transformation worldwide. The main objective is to reduce dependence on fossil fuels and mitigate environmental impact. Diversification is key. According to data from the National Electricity Operator (Cenace), 72% of Ecuador’s energy depends on water. This dependence has led to the … Continue reading Ecuador needs to boost photovoltaic and wind power to reduce dependence on hydroelectric energy
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Tracking progress toward tripling renewable energy capacity and doubling energy efficiency by 2030
A key aspect of the text of the Outcome of the First Global Stocktake was the explicit recognition of the role of renewable energy in rapidly and drastically reducing global greenhouse gas emissions to align the world with a 1.5°C-compatible pathway. To this end, the text called on all Parties to the Convention to contribute … Continue reading Tracking progress toward tripling renewable energy capacity and doubling energy efficiency by 2030
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Electricity distributed by Iberdrola reaches all-time highs
Iberdrola’s distributed electricity has reached an all-time high, registering 177,943 GWh in the first nine months, an increase of 2.5% compared to the same period last year. The good performance in electricity distribution was driven by the recovery of electricity demand in all the markets where the company is present. To respond to this increase … Continue reading Electricity distributed by Iberdrola reaches all-time highs
Continue readingGlobal Goal of Tripling Renewables Needs USD 1.5 Trillion Investment Per Year
Official tracking report of UAE Consensus energy goals confirms significant gaps in progress towards tripling renewables and doubling energy efficiency by 2030; recommends priority actions and dramatic scale of investment for next round of NDCs. Despite an unprecedented acceleration in renewable energy deployment in 2023, progress falls short to triple renewables by 2030. Current national … Continue reading Global Goal of Tripling Renewables Needs USD 1.5 Trillion Investment Per Year
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Cement Co-processing avoids up to 1 ton of CO2 emissions per ton processed
This is a joint report with: CEFIC UP/VE Sector Group, CEMBUREAU, Epoxy Europe, EuCIA, the European Alliance for SMC BMC, European Boating Industry, Glass Fibre Europe, Tech-Fab Europe, and WindEurope. Our nine industry associations have commissioned SGS INTRON to prepare a Life Cycle Assessment (LCA) report exploring the environmental impacts of treating End-of-Life (EoL) composites … Continue reading Cement Co-processing avoids up to 1 ton of CO2 emissions per ton processed
Continue readingMassive global growth of renewables to 2030 is set to match entire power capacity of major economies today, moving world closer to tripling goal
With photovoltaic solar leading their rapid deployment, renewables are on course to meet almost half of global electricity demand by the end of this decade, new IEA report says Due to supportive policies and favourable economics, the world’s renewable power capacity is expected to surge over the rest of this decade, with global additions on … Continue reading Massive global growth of renewables to 2030 is set to match entire power capacity of major economies today, moving world closer to tripling goal
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Energy storage, essential for photovoltaics and wind power, is a solved problem
There are thousands of extraordinarily good pumped hydro storage sites around the world with an extraordinarily low investment cost. When combined with batteries, the resulting hybrid system has large energy storage, low cost for both energy and power, and fast response. Storage is a solved problem. In 2023, twice as much solar generation capacity was … Continue reading Energy storage, essential for photovoltaics and wind power, is a solved problem
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EU and UK to strengthen energy cooperation
In the first visit to Brussels by a British Prime Minister since Brexit Keir Starmer has agreed with EU Commission President von der Leyen that the two sides should strengthen cooperation in a number of areas including energy and climate. WindEurope CEO Giles Dickson said: “The agreement is good news for electricity consumers and Europe’s … Continue reading EU and UK to strengthen energy cooperation
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Brazil’s electricity supply to 2024 is expected to increase by 7.8 GW between photovoltaic and wind energy
In September, the National Electric Energy Agency (ANEEL) recorded an increase of 711.33 megawatts (MW) in the country’s installed electricity generation capacity, an advance that contributed to a growth of 7.8 gigawatts (GW) in the electricity matrix throughout 2024. From January to September, 219 plants came into operation, of which approximately 90% are wind and … Continue reading Brazil’s electricity supply to 2024 is expected to increase by 7.8 GW between photovoltaic and wind energy
Continue readingSpain approves 2.56 GW for 32 photovoltaic and hybrid wind and battery projects (BESS) in September
The Official State Gazette contains announcements for the month of September of 32 photovoltaic and hybrid wind and battery projects (BESS).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, … Continue reading Spain approves 2.56 GW for 32 photovoltaic and hybrid wind and battery projects (BESS) in September
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