According to a simulation model, almost 6 terawatts of renewable energy will be needed for the country to reach that goal in 2060.80 percent of solar PV and 55 percent of wind power will need to be installed within a 100-kilometer radius of major load centers to meet demand. China will need nearly 6 terawatts … Continue reading China needs 10 times its photovoltaic and wind energy to eliminate its CO2 emissions
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Global ranking of photovoltaic modules in 2023
Demand in 2023 remained strong despite market disruptions by supply and inventory issues in the second half of the year. Shipment volumes of the list of manufacturers increased significantly, up by 78% YoY. There is a clear distinction among module makers, with top-ranked companies remained the same as the previous year, but the second-ranked companies … Continue reading Global ranking of photovoltaic modules in 2023
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Italy is installing a large floating hybrid photovoltaic and wind power plant in the sea
A 540 megawatt (MW) hybrid floating wind and photovoltaic floating wind farm will be developed off the southern coast of Italy in the Ionian Sea. Dutch-Norwegian solar company SolarDuck, Italian investment fund Arrow Capital and Italian developer New Developments are jointly developing the Corigliano project, which will be in the Gulf of Taranto, off the … Continue reading Italy is installing a large floating hybrid photovoltaic and wind power plant in the sea
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Major growth of clean energy limited the rise in global emissions in 2023
Global energy-related CO2 emissions increased as exceptional droughts hit hydropower, but rise was lower than in 2022 thanks to expansion of technologies such as solar, wind & EVs. Global energy-related carbon dioxide (CO2) emissions rose less strongly in 2023 than the year before even as total energy demand growth accelerated, new IEA analysis shows, with … Continue reading Major growth of clean energy limited the rise in global emissions in 2023
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Acciona posts €541 million net profit (+22.6%), invests €3.32 billion (+66%)
ACCIONA posted a net profit of €541 million (+22.6%) in 2023. The company’s full-year results reflect a good performance in its Infrastructure division, the successful achievement of targets as previously announced by ACCIONA Energía and the impact of the full consolidation of Nordex and Renomar, in which the group acquired majority stakes last year. Total … Continue reading Acciona posts €541 million net profit (+22.6%), invests €3.32 billion (+66%)
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Alter Enersun develops 1,000 MW of photovoltaic and wind power to supply the grid and hydrogen projects in Huelva
Alter Enersun develops 1000 MW of photovoltaic and wind energy to supply the grid and hydrogen projects in HuelvaThe projects will provide renewable energy on a self-consumption basis without surpluses, will require an investment of around 700 million euros and will be built between 2023 and 2028.The plan includes the construction of a total of … Continue reading Alter Enersun develops 1,000 MW of photovoltaic and wind power to supply the grid and hydrogen projects in Huelva
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Solar photovoltaic (PV) hit record level, China leads
In a groundbreaking revelation, a report from the International Energy Agency (IEA) has highlighted a remarkable surge in global solar photovoltaic (PV) capacity additions, soaring by over 80 percent between 2022 and 2023. The report underscores a seismic shift towards renewable energy sources, with solar power leading the charge. China emerges as the dominant player … Continue reading Solar photovoltaic (PV) hit record level, China leads
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EDP Renewables year-end with 16.6 GW of installed renewable capacity, an increase of 12% compared to year-end 2022
The company has added 2.5 GW of renewable capacity throughout 2023, close to 1.5 GW of which corresponds to solar utily-scale projects, in line with the targets set out in its 2023-2026 business plan. The commissioning of hybrid projects in Portugal, Poland and Spain, as well as the implementation of 16 MW of storage in … Continue reading EDP Renewables year-end with 16.6 GW of installed renewable capacity, an increase of 12% compared to year-end 2022
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EDF Renewables North America Signs Agreement with Southern California Public Power Authority for Photovoltaic Solar+Storage Energy Project
EDF Renewables North America today announced a 20-year Power Purchase Agreement (PPA) with Southern California Public Power Authority (SCPPA) for a portion of the Bonanza Solar and Storage project. The carbon-free electricity generated by the 125 MWac solar photovoltaic (PV) system and 65 MW 4-hour Battery Energy Storage System (BESS) is guaranteed to begin delivery … Continue reading EDF Renewables North America Signs Agreement with Southern California Public Power Authority for Photovoltaic Solar+Storage Energy Project
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European first-of-its kind photovoltaic (PV), wind power & storage combination
Global renewable energy company BayWa r.e. and Ampt, the #1 DC optimizer company for large-scale photovoltaic (PV) systems, announce the successful deployment of a unique combination of wind and solar generation together with battery storage within the microgrid at the Fraunhofer Institute for Chemical Technology (ICT) campus in Pfinztal, Germany. BayWa r.e. installed three new rooftop arrays … Continue reading European first-of-its kind photovoltaic (PV), wind power & storage combination
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AES awards TSK a 460 MW hybrid photovaltaic solar project (260 PV+200 BESS)
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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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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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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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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