The French CRE (Commission for the Regulation of Energy) has published the results of the latest technology-neutral call to tender for hydro, wind and photovoltaic projects. RWE has been awarded one onshore wind project as well as one solar project, for a total capacity of 15 MW, confirming the Group’s dedication to develop its renewables … Continue reading RWE further expands its renewables portfolio in France, securing contracts for one onshore wind project and one solar project
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Wind energy and solar power break records and generate more than half of all electricity in Spain in 2023
Renewable energies could close the year representing more than 50% of the national mix, a historical maximum and almost nine percentage points higher than the 2022 quota. Wind and solar photovoltaics complete an exceptional year, with respective records for production and participation in the generation structure. According to estimates, 2023 is on track to be … Continue reading Wind energy and solar power break records and generate more than half of all electricity in Spain in 2023
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China’s solar production costs fall by 42% in last year
New Horizons report says US and Europe can’t compete with Asia manufacturing powerhouse. The cost of producing solar modules in China has dropped by 42% in the last 12 months to US$0.15 per watt (/W) giving manufacturers in the country an enormous cost advantage over international rivals according to a Horizons report from Wood Mackenzie. … Continue reading China’s solar production costs fall by 42% in last year
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3 TWdc of new solar power PV installations between 2023 and 2032
Our latest quarterly global solar PV forecast has seen a 5% upgrade, projecting over 3 TWdc of new solar PV installations between 2023 and 2032. Decarbonisation and electrification commitments at a government and corporate level, along with expanding auction plans and rooftop solar mandates, are the main drivers behind this expansion. This, along with continued … Continue reading 3 TWdc of new solar power PV installations between 2023 and 2032
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Solar power has seen a remarkable increase in capacity worldwide
In 2010 it took an average of a month to install one gigawatt of solar capacity. By 2015, this pace quickened to a week, and in 2023, it is expected to exceed one gigawatt per day. In the last decade, the global solar power landscape has transformed dramatically, according to a summary by Solcellskollen. Looking … Continue reading Solar power has seen a remarkable increase in capacity worldwide
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U.S. Department of Energy Announces Clean Energy Achievements at COP28
This week, U.S. Deputy Secretary of Energy David M. Turk traveled to Dubai, United Arab Emirates for the 28th Conference of the Parties to the U.N. Framework Convention on Climate Change (COP28), where he led the U.S. energy delegation. The Department of Energy announced a range of initiatives – on issues from clean hydrogen and nuclear … Continue reading U.S. Department of Energy Announces Clean Energy Achievements at COP28
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New Report Highlights Renewables as Climate Mitigation and Economic Diversification Opportunity for Gulf Countries
oday, the International Renewable Energy Agency (IRENA) unveiled a report on the progress of renewable energy in countries of the Gulf Cooperation Council (GCC). Renewable Energy Markets: GCC 2023 suggests that GCC countries can leverage existing resources to develop innovative renewable energy-based solutions not only to mitigate climate change, but also to diversify their economies, … Continue reading New Report Highlights Renewables as Climate Mitigation and Economic Diversification Opportunity for Gulf Countries
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Solar Power Poised to Dominate Global Renewable Energy Market
Solar power is set to emerge as the leading choice in renewable energy development worldwide by the end of this year, as increasing installation costs of other technologies drive up their prices. According to a report by Fitch Solutions, global renewable energy capacity is projected to expand by approximately 380 gigawatts (GW) in 2023, with … Continue reading Solar Power Poised to Dominate Global Renewable Energy Market
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Acciona Energía announces the start of construction of the Aldoga solar power plant in Australia
ACCIONA Energía has announced today that the construction of the Aldoga Solar Farm in Australia, with a total capacity of 380MW and an associated investment of AU$500 million (€300 million), will commence in the first quarter of 2024. The Aldoga Solar Farm will be located 20 kilometers north-west of Gladstone on the central Queensland coast … Continue reading Acciona Energía announces the start of construction of the Aldoga solar power plant in Australia
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European solar power companies warn against import curbs
More than 400 companies involved in Europe’s solar power sector urged policymakers on Wednesday not to launch a trade investigation that could lead to EU tariffs on imported solar products. The call comes ahead of a meeting of solar industry chiefs, national ministers and the EU commissioner for the internal market, Thierry Breton, on Friday … Continue reading European solar power companies warn against import curbs
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Accelerated Energy Transition Can Add 40 million Energy Sector Jobs by 2050
Progressive policies are critical to boost the socio-economic benefits of the energy transition and spread them broadly across the world, a new report released by the International Renewable Energy Agency (IRENA) ahead of the UN Climate Conference COP28 in Dubai finds. Volume 2 of IRENA’s World Energy Transitions Outlook 2023, looks at the socio-economic impacts … Continue reading Accelerated Energy Transition Can Add 40 million Energy Sector Jobs by 2050
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EDP Renewables strengthens its role in Poland’s energy transition by being awarded a long-term contract in the latest tender
EDPR chosen by the public institutions to further generate clean electricity for the Polish grid, now through the Recz solar project; The company has recently inaugurated in Poland one of its largest PV plants in Europe and has implemented the first wind and solar hybrid park of the country. EDP Renewables (EDPR), a global leader … Continue reading EDP Renewables strengthens its role in Poland’s energy transition by being awarded a long-term contract in the latest tender
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The potential of Africa’s renewable energy to power the continent’s future
Africa has a huge renewable energy capacity of 2,000 gigawatts (GW), according to a recent report by Abu Dhabi Future Energy Company (Masdar) and PwC Middle East. This capacity has the potential to meet the basic energy needs of the local population, which will have a significant impact on electrification rates. As one of the … Continue reading The potential of Africa’s renewable energy to power the continent’s future
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China leads global renewables race with record-breaking 230 GW installations in 2023
Currently on target to reach a record-breaking 230 gigawatts (GW) of wind and solar installations this year, China leads the global renewables market. This is more than double the number of US and Europe installations combined, according to latest report ‘How China became the global renewables leader’ by Wood Mackenzie. Wind and solar project investment … Continue reading China leads global renewables race with record-breaking 230 GW installations in 2023
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Clean technologies are driving job growth in the energy sector, but skills shortages are an increasing concern
The number of jobs in the global energy sector rose in 2022 as growing investment in clean energy technologies drove demand for new workers in every region of the world, according to a new IEA report that offers a benchmark for employment across all energy industries. The second edition of the World Energy Employment report, which is … Continue reading Clean technologies are driving job growth in the energy sector, but skills shortages are an increasing concern
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Asian economies must ramp up wind and solar power to keep global warming under 1.5C
To meet the goal of limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit), nine major Asian economies must increase the share of electricity they get from renewable energy from the current 6% to at least 50% by 2030, according to a report by a German thinktank released Wednesday. Nearly a third of that … Continue reading Asian economies must ramp up wind and solar power to keep global warming under 1.5C
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How will China’s expansion affect global solar module supply chains?
Starting in 2024, China will dominate the solar module supply chain with over 80% global capacity, driven by significantly lower costs of modules compared to Europe and the US. From the beginning of 2024, China will hold over 80% of global capacity across the solar module supply chain. This is partly because modules, including polysilicon, … Continue reading How will China’s expansion affect global solar module supply chains?
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Can European renewables still turn a profit?
The European Union’s ambitious renewable energy target mandates at least 42.5% of EU energy consumption to come from renewable sources by 2030. For that to happen, developers need positive returns on their renewables investments. With technology costs not evolving as hoped, where will the sources of project profitability come from instead? Our latest insight analyses … Continue reading Can European renewables still turn a profit?
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China to hold over 80% of global solar power manufacturing capacity from 2023-26
Despite local manufacturing policies in overseas markets, China’s expansion will dominate global solar supply chain, and widen the technology and cost gap. After investing over US$130 billion into the solar industry in 2023, China will hold more than 80% of the world’s polysilicon, wafer, cell, and module manufacturing capacity from 2023 to 2026, according to … Continue reading China to hold over 80% of global solar power manufacturing capacity from 2023-26
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Chinese state-owned enterprises are the largest owners of solar energy assets
At 240 GWdc, 2022 was the biggest year on record for global solar installations. That relentless growth translated into unprecedented expansions of the operational portfolios of the largest global solar asset owners. Solar portfolios from the top global solar asset owners, including Chinese players, grew by a record-shattering 44% in 2022. This was driven mostly … Continue reading Chinese state-owned enterprises are the largest owners of solar energy assets
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