Iberdrola and Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, have concluded negotiations to add an extra 644 MW of renewable energy in Spain to their Iberian clean energy alliance, with approximately 2,500 MW now under development. In January, both companies stated that they were negotiating exclusively to double the size of their … Continue reading Iberdrola and Norges Bank Investment Management conclude negotiations to expand alliance to 2,500 MW of renewables in Iberia
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Clean Energy Industry Groups Issue Statement on New AD/CVD Petitions
Today, petitions were filed with the U.S. Department of Commerce and the U.S. International Trade Commission requesting imposition of anti-dumping and countervailing duties (AD/CVD) on crystalline silicon photovoltaic cells and modules imported from Cambodia, Malaysia, Vietnam, and Thailand. The Solar Energy Industries Association (SEIA), American Clean Power Association (ACP), Advanced Energy United (United), and American … Continue reading Clean Energy Industry Groups Issue Statement on New AD/CVD Petitions
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Status of Concentrated Solar Power Plants Installed Worldwide
Solar energy is not only the most abundant energy on earth but it is also renewable. The use of this energy is expanding very rapidly mainly through photovoltaic technology. However, electricity storage remains a bottleneck in tackling solar resource variability. Thus, solar thermal energy becomes of particular interest when energy storage is required, as thermal … Continue reading Status of Concentrated Solar Power Plants Installed Worldwide
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Solar photovoltaic and wind energy in the third week of April
Gas and CO2 price rises drive European electricity markets, but the Iberian market resists. In the third week of April, prices rose in most major European electricity markets. The exception was the Iberian market, which had the lowest prices for the eleventh consecutive week. Gas and CO2 futures rose to prices not seen since the … Continue reading Solar photovoltaic and wind energy in the third week of April
Continue readingUnderstanding the implications of the intermittency of renewable energy is essential for energy market participants
Electricity demand is set to surge over the coming decades as addressing climate change becomes a key focus for societies globally and the energy transition advances. At the same time, traditional fossil fuel powered generation will increasingly be phased out in favour of renewable sources. On the face of it, that’s good news for power … Continue reading Understanding the implications of the intermittency of renewable energy is essential for energy market participants
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Australia’s biggest wind power and photovoltaic auction set for May
The federal government has confirmed that the biggest tender for renewables ever held in Australia – for six gigawatts of wind and solar – will be held in May and the focus will be on NSW, where more than one third of the capacity will be reserved. The auction will be the first since federal … Continue reading Australia’s biggest wind power and photovoltaic auction set for May
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Evolving concept of energy security must address energy demand, system flexibility, technology access and infrastructure development
The transition away from fossil fuels to renewables requires a new interpretation of the concept of energy security, according to a new report by the International Renewable Energy Agency (IRENA) published today. Geopolitics of the energy transition: Energy security outlines a multi-dimensional energy security concept for the 21st century. The systemic nature of the ongoing … Continue reading Evolving concept of energy security must address energy demand, system flexibility, technology access and infrastructure development
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Bhutan and EIB sign 150 million Euro loan for hydropower and solar photovoltaic projects
Bhutan and the European Investment Bank (EIB) signed the first-ever EIB project supporting reliable, green, energy for communities in Bhutan through a 150 million Euro loan with a tenure of 30 years. The renewable energy framework loan was signed on the margins of the International Monetary Fund and the World Bank spring meetings on April … Continue reading Bhutan and EIB sign 150 million Euro loan for hydropower and solar photovoltaic projects
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Major Global Utilities Announce Joint Intent to Scale Renewable Capacity by 2.5 times to 2030
The Utilities for Net Zero Alliance (UNEZA) adopted the UNEZA Roadmap to 2030, which targets a total increase of renewable energy capacity within their portfolios to 749GW by 2030*, an increase of 2.5 times relative to 2023. Alliance members’ joint renewables ambition was announced alongside a grid infrastructure action plan. The plan, revealed at the … Continue reading Major Global Utilities Announce Joint Intent to Scale Renewable Capacity by 2.5 times to 2030
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Statkraft supplies hydropower and wind power to Deutsche Bahn
Statkraft, Europe’s largest producer of renewable power, and Deutsche Bahn have concluded further power purchase agreements (PPAs) for the supply of green power from hydropower and onshore wind farms. From the beginning of 2027 to the end of 2034, Statkraft will supply green electricity from hydropower directly to Deutsche Bahn from its two run-of-river power … Continue reading Statkraft supplies hydropower and wind power to Deutsche Bahn
Continue readingWind energy and photovoltaic is boosting economic growth
Clean electricity accounted for around 80% of new capacity additions to the world’s electricity system in 2023, and electric vehicles for around one out of five cars sold globally. At the same time, global investment in clean energy manufacturing is booming, driven by industrial policies and market demand. Employment in clean energy jobs exceeded that … Continue reading Wind energy and photovoltaic is boosting economic growth
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Estimation of energy production from photovoltaic panels
Estimation of energy production from photovoltaic panelsA recent case study, co-authored by Dr Christine Traeger-Chatterjee of EUMETSAT, highlights how the Photovoltaic Geographic Energy System can be used to estimate energy production from solar panels for almost any land location around the world. Caption: The PVGIS uses four different solar radiation datasets to provide coverage across … Continue reading Estimation of energy production from photovoltaic panels
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Rooftop photovoltaic solar now a major player in Australia’s grid, but households need more batteries
Rooftop solar is now the fourth latest source of electricity in Australia, and a major player in the grid that is unparalleled in the rest of the world, but the need to encourage Australians to work with the grid rather than get off it is becoming more urgent. Residential solar now accounts for 11.2 per … Continue reading Rooftop photovoltaic solar now a major player in Australia’s grid, but households need more batteries
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Seven countries now generate 100% of their electricity from renewable energy
Seven countries now generate nearly all of their electricity from renewable energy sources, according to newly compiled figures. Albania, Bhutan, Nepal, Paraguay, Iceland, Ethiopia and the Democratic Republic of Congo produced more than 99.7 per cent of the electricity they consumed using geothermal, hydro, solar or wind power. Data from the International Energy Agency (IEA) … Continue reading Seven countries now generate 100% of their electricity from renewable energy
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José Manuel Entrecanales: “it is worrying that the US and Europe only install 20% of the new wind power and photovoltaic capacity in the world”
José Manuel Entrecanales, chairman and CEO of ACCIONA, stated today that “it is worrying that the US, Europe, and other advanced economies only installed 20% of the world’s new renewable energy capacity in 2023,” when their share of the global Gross Domestic Product (GDP) exceeds 50%. In a panel discussion during the International Renewable Energy … Continue reading José Manuel Entrecanales: “it is worrying that the US and Europe only install 20% of the new wind power and photovoltaic capacity in the world”
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Solar photovoltaic and wind energy in the second week of April
In the second week of April, prices in almost all major European electricity markets were higher than in the previous week, although in most of them the weekly average was below €50/MWh. The Iberian MIBEL market had the lowest prices for the tenth consecutive week. All markets, except Italy, registered negative hourly prices. The Spanish … Continue reading Solar photovoltaic and wind energy in the second week of April
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2024 is a year of elections. What will they mean for clean energy?
Over half the world lives in a country that will be holding an election this year. The votes come at a time when resistance to the energy transition is building in many parts of the world, as concerns around energy security grow and some of the challenges of decarbonization come into focus. In the US, … Continue reading 2024 is a year of elections. What will they mean for clean energy?
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The 531 MW Mendubim photovoltaic plant inaugurated in Brazil
The Mendubim Solar Complex, the largest photovoltaic project in Rio Grande do Norte, was inaugurated in the municipality of Assu. With investments of R$ 2.1 billion, the project has 531 MW of installed power. The complex consists of 13 floors and occupies an area of 1,200 hectares, the equivalent of 1,200 football fields. Construction began … Continue reading The 531 MW Mendubim photovoltaic plant inaugurated in Brazil
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Iberdrola’s renewable energy production reaches 10-year highs in Spain
Continued investments by the Iberdrola in renewables and its commitment to decarbonization has seen clean energy production in Spain reach a decade high. In the first quarter of 2024, the group generated 10,489 GWh with clean energy, an increase of 19.4% compared to the same period last year. The company has not had such a … Continue reading Iberdrola’s renewable energy production reaches 10-year highs in Spain
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Distributed solar photovoltaic and storage: a beacon of security and hope
In early March, a group of Wood Mackenzie volunteers spent several days in central Puerto Rico through a partnership with non-profit organisation Let’s Share the Sun. The partnership ties in directly with our internal Thrive programme, which creates a positive impact on employees and the broader community through its four pillars: community engagement, wellness, sustainability, … Continue reading Distributed solar photovoltaic and storage: a beacon of security and hope
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