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
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Wind 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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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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Curtailment of wind power and photovoltaic increase 219% as of March in Chile
Energy losses increase and reach more than 18% of the country’s wind and solar production in the first quarter The so-called energy discharges increased by 219% in the first three months of the year and already represent more than 54% of everything that was lost in 2023. The lack of growth in demand and gaps … Continue reading Curtailment of wind power and photovoltaic increase 219% as of March in Chile
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Home energy storage for photovoltaics is booming in the US.
Alexis de Tocqueville, the French diplomat and famous observer of America, noted in 1840 that in democratic countries such as the US, a citizen’s independence “fills him with self-reliance and pride amongst his equals”. That same spirit might have been expected to help make the US a global leader in residential solar power, with homeowners … Continue reading Home energy storage for photovoltaics is booming in the US.
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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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From solar photovoltaic and wind energy to electric vehicles: How China is overproducing green technology
China faces increased scrutiny from the West for its aggressive export practices: overcapacity and huge subsidies. The United States and the EU are working to ensure that their clean energy sectors are not eliminated by unfair competition. United States Treasury Secretary Janet Yellen warned China last weekend against overproducing clean-energy products such as solar panels, wind turbines … Continue reading From solar photovoltaic and wind energy to electric vehicles: How China is overproducing green technology
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April starts with new photovoltaic energy records
In the first week of April, prices fell in the main European electricity markets, with most of them below €50/MWh. Photovoltaic energy reached an all?time production record in Portugal and the second highest value ever in Italy. In France, wind energy registered the second and third highest production for an April month. In addition to … Continue reading April starts with new photovoltaic energy records
Continue readingSolar photovoltaic and wind energy in the last week of March
The Spanish electricity market registers negative prices for the first time and, together with Portugal, continues to have the lowest prices in Europe. In the last week of March, the Iberian MIBEL market registered the lowest prices in Europe for the eighth consecutive week and the Spanish market registered negative prices for the first time … Continue reading Solar photovoltaic and wind energy in the last week of March
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Wind power generated 27.1% of electricity in Spain in March and photovoltaics 13.6%
The demand for electrical energy in Spain increases by 1.9% in March. Renewables reach a record monthly production (14,591 GWh) and also coverage in the mix (65.2%). Generation without emissions accounts for 82.2% of the total and reaches its highest share since records began. For the sixth consecutive month, wind energy continues to be the … Continue reading Wind power generated 27.1% of electricity in Spain in March and photovoltaics 13.6%
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Cero to include battery storage in its 370 MW photovoltaic plant in Greece
Macquarie’s subsidiary Cero Development Hellas received a green light for adding batteries with an overall capacity of 749 MWh to its project for a 370 MW photovoltaic plant in Central Greece. Renewable energy investors are increasingly turning to batteries to keep their solar power projects on track. As electricity consumption in Greece is stagnating and … Continue reading Cero to include battery storage in its 370 MW photovoltaic plant in Greece
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Peru: 4 wind energy and photovoltaic solar power plants begin operations in 2024
Investment in project execution exceeds US$530 million and will add 507 megawatts of power to the National Interconnected Electric System (SEIN). The investment in the execution of these projects exceeds 530 million dollars. These plants are located in the regions of Ica, Arequipa and Moquegua; and will help Peru increase the non-conventional renewable energy component … Continue reading Peru: 4 wind energy and photovoltaic solar power plants begin operations in 2024
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Power capacity additions reached a new benchmark of 473 gigawatts in 2023, but many countries are cut off from the benefits of energy transitions
Renewable Capacity Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that 2023 set a new record in renewables deployment in the power sector by reaching a total capacity of 3 870 Gigawatts (GW) globally. Renewables accounted for 86% of capacity additions; however, this growth is unevenly distributed across the world, indicating … Continue reading Power capacity additions reached a new benchmark of 473 gigawatts in 2023, but many countries are cut off from the benefits of energy transitions
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How PPAs Shape the Future of Renewable Energy
As the world is on its path toward a sustainable future, the United States stands at the forefront of the net zero transition. One of the key drivers behind the green energy transformation is the widespread adoption of Power Purchase Agreements (PPAs). Patrick Pfeiffer, Head of Statkraft US, discusses the role of PPAs in shaping … Continue reading How PPAs Shape the Future of Renewable Energy
Continue readingHalf of the developers offer batteries in their photovoltaic portfolio in Brazil
Greener published the results of its most recent study on the distributed photovoltaic (PV) generation market in Brazil, revealing some significant trends. Among them, the fact that 49% of respondents said they had hybrid systems in their portfolio stood out, and 12% recorded at least one sale of a kit containing a battery. According to … Continue reading Half of the developers offer batteries in their photovoltaic portfolio in Brazil
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