As part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of Energy (DOE), through its Loan Programs Office (LPO), today announced the closing of a $72.8 million loan guarantee to finance the development of a solar-plus-long-duration-energy-storage?microgrid. The microgrid will be located?on the Tribal lands of the Viejas (Baron Long) Group of Capitan … Continue reading Biden-Harris Administration Announces $72.8 Million Loan to Build Solar photovoltaic (PV) and Storage Microgrid on Tribal Lands
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AMEA Power to develop largest solar photovoltaic (PV) project in Egypt
The projects will bring AMEA Power’s total capacity in Egypt to 2,000 MW of wind and photovoltaic (PV) power, accompanied by 900 MWh of battery energy storage systems.AMEA Power will invest an additional $800 million in two major renewable energy projects in Egypt, reinforcing its commitment to the country’s clean energy transition. The projects will … Continue reading AMEA Power to develop largest solar photovoltaic (PV) project in Egypt
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Photovoltaic and wind energy in the week of September 2
September starts with price rises in European electricity markets except in the Iberian market thanks to renewable energy. In the week of September 2, prices rose in most European electricity markets. The increase in demand, together with lower solar energy production in most markets, favored this behavior. The MIBEL market was the exception, where prices … Continue reading Photovoltaic and wind energy in the week of September 2
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ICE signs 9 contracts with private companies to produce wind power and photovoltaic for 166 megawatts in Costa Rica
Five photovoltaic (PV) plants and four wind energy plants, built by the private sector, will come into operation between 2026 and 2027.In total, the electrical projects will contribute 166 megawatts to the national grid, according to the Costa Rican Institute of Electricity (ICE), when signing the commitment letters. Numu Solar Liberia Los Tecales Solar Nandayure … Continue reading ICE signs 9 contracts with private companies to produce wind power and photovoltaic for 166 megawatts in Costa Rica
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New study reveals that photovoltaic and wind power is now cheaper than coal and gas power plants
New research by the Fraunhofer Institute for Solar Energy Systems reveals that solar photovoltaics — converting solar energy into electricity — produce cheaper electricity than coal or gas, even when combined with batteries. The Fraunhofer Institute has been collecting data on the costs of different energy sources, like wind, nuclear, and coal, since 2010. While … Continue reading New study reveals that photovoltaic and wind power is now cheaper than coal and gas power plants
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Wind energy and solar photovoltaic (PV) power are assuming a key role in Germany’s energy supply
Taking a tailwind for wind power: more and more electricity from renewable sources. Germany is increasingly obtaining electricity from renewable energy sources. In the first half of 2024, the share of electricity generated from wind power, solar photovoltaic plants, hydropower and biomass reached a record 61.5 percent of total electricity production, according to the Federal … Continue reading Wind energy and solar photovoltaic (PV) power are assuming a key role in Germany’s energy supply
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Installed solar photovoltaic (PV) capacity has increased by 28% during 2023 in Spain
For the first time in history, in 2023, renewable energy in Spain has exceeded 50% of annual generation. The installed capacity of the generating park in Spain has increased by 5.2%, ending 2023 with 125,620 MW. The installed renewable capacity in the national electricity system has increased by 6.3 GW, which has allowed reaching a … Continue reading Installed solar photovoltaic (PV) capacity has increased by 28% during 2023 in Spain
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Moldova sets ambitious targets for transition to wind power and photovoltaic
The Republic of Moldova has unveiled an ambitious plan to boost renewable energy production by offering a comprehensive set of investment incentives aimed at attracting foreign investors. Key measures include priority access to connection approvals for auction winners, long-term fixed-rate contracts for up to 15 years, and support mechanisms for both small and large-scale producers. … Continue reading Moldova sets ambitious targets for transition to wind power and photovoltaic
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Trump and Harris set out contrasting visions for US energy
Back in January, when I looked ahead to the US elections on 5 November, I predicted “plenty of twists and turns in the race”. That turned out to be something of an understatement. President Joe Biden’s decision to drop out of the running, leaving Vice President Kamala Harris as the Democratic nominee, transformed the contest. … Continue reading Trump and Harris set out contrasting visions for US energy
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Photovoltaic and wind power made electricity prices 40% lower in the first half of the year in Spain
The wholesale price of electricity in Spain during the first half of 2024 was up to 40% lower than it would have been without the investments in solar photovoltaic and wind capacity made since 2019, according to an article published in the Economic Bulletin of the Bank of Spain. The article, authored by Javier Quintana, … Continue reading Photovoltaic and wind power made electricity prices 40% lower in the first half of the year in Spain
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Photovoltaic and wind energy in the last week of August
In the week of August 26, prices rose in all European markets. Wind and solar energy production registered declines, while electricity demand increased in most markets. TTF gas futures prices for the Front?Month remained below €40/MWh and CO2 emission allowance futures for the reference contract of December 2024 remained around €71/t. Solar photovoltaic, solar thermoelectric … Continue reading Photovoltaic and wind energy in the last week of August
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For the fourth consecutive month, solar photovoltaics leads the generation mix in Spain with 23% of the total
Demand for electric energy in Spain increases by 3.8% in August. For the fourth consecutive month, solar photovoltaics leads the national generation mix with 23% of the total. Wind energy generated 16.6%. Monthly production with renewables in our country accounted for 52.6% and technologies that do not emit CO2 equivalent reached a share of 75.4%.National … Continue reading For the fourth consecutive month, solar photovoltaics leads the generation mix in Spain with 23% of the total
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Giant batteries to store wind energy and photovoltaic solar power can speed up South Africa’s energy transition
South Africa is at a pivotal moment in its energy transition: trying to decarbonise its economy (move away from coal) and make sure that everyone has access to reliable and affordable energy. Storage of renewable energy is very important for this transition. Solar and wind power are not available all the time. To keep the … Continue reading Giant batteries to store wind energy and photovoltaic solar power can speed up South Africa’s energy transition
Continue readingPhotovoltaic and wind power in the fourth week of August
In the fourth week of August, prices declined in most European markets, supported by increased wind energy production coupled with decreases in demand and average temperatures. The exception was the Iberian market, where prices remained above €90/MWh for most of the week, with lower solar energy production in Spain and Portugal, and wind energy in … Continue reading Photovoltaic and wind power in the fourth week of August
Continue readingEDP puts its third hybrid wind and photovoltaic energy project into operation in Spain
EDP Renováveis exceeded 100 megawatts (MW) of installed capacity in hybrid wind and solar photovoltaic energy projects in the Spanish market, having other similar projects in other geographies, including Portugal.EDP ??Renováveis ??has put into operation its third hybrid project in Spain, combining wind and solar photovoltaic energy, the Cruz de Hierro project, in Ávila, with … Continue reading EDP puts its third hybrid wind and photovoltaic energy project into operation in Spain
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Photovoltaics (PV) leads the growth of energy production in OECD countries
Photovoltaic generation increased by 19.7%, according to the IEA monthly report. In OECD (Organization for Economic Cooperation and Development) member countries, total net electricity production was 854.4 TWh in May 2024, an increase of 3.7% compared to the same month of the year past. This is stated in the Monthly Electricity Statistics of the IEA … Continue reading Photovoltaics (PV) leads the growth of energy production in OECD countries
Continue readingPhotovoltaic and wind energy in the third week of August
Lower prices in the iberian electricity market, while prices rise in the rest of the european markets. In the third week of August, wind production together with the decrease in demand and average temperatures contributed to the drop in prices in the Iberian market of Spain and Portugal. In the rest of Europe’s major electricity … Continue reading Photovoltaic and wind energy in the third week of August
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Iberdrola exceeds 9,000 MW of wind power and photovoltaic in the United States
Through its wind and photovoltaic (PV) facilities, the company supplies sustainable energy to more than 2.3 million American families, a population close to the entire population living in rural areas of Spain.In total, with more than 75 solar and wind projects in 22 states, it is one of the three largest companies in the country … Continue reading Iberdrola exceeds 9,000 MW of wind power and photovoltaic in the United States
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The challenges of photovoltaic and wind energy in Chile
Fifteen years ago, when the massive investment in solar and wind energy generation projects began to replace those produced with fossil fuels, it was not anticipated that their production would be greater than the storage and transmission capacity that the country has. The consequence: today part of a valuable cargo coming from the north and … Continue reading The challenges of photovoltaic and wind energy in Chile
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Clean Energy Industry to Power Economic Growth with $500 Billion in New Investments, 100K New Manufacturing Jobs
A new report released today by the American Clean Power Association (ACP) shows that, in the last two years, the U.S. clean energy industry has announced $500 billion in new investments, spurring the American economy and creating tens of thousands of new jobs. ACP’s 2024 Clean Energy Investing in America report finds that the industry … Continue reading Clean Energy Industry to Power Economic Growth with $500 Billion in New Investments, 100K New Manufacturing Jobs
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