“The electrification of energy is unstoppable and will expand exponentially in the years ahead, supporting decarbonisation, boosting energy security, and reducing the volatility caused by fossil fuels. Our strategic pillars focus on networks, geographical diversification, and a balanced energy and customers mix. This plan will allow us to grow our asset base, grow our profitability … Continue reading Iberdrola will invest €41 billion and hire 10,000 people by 2026 to accelerate electrification
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US Energy Storage Market Breaks Installation Record in Q4 2023
The US energy storage market shattered previous records for deployment across all segments in the final quarter of 2023, with 4,236 megawatts (MW) installed over the period, a 100% increase from Q3 according to a new report released today. For the first time, the grid-scale segment exceeded 3 gigawatts (GW) deployed in one quarter and … Continue reading US Energy Storage Market Breaks Installation Record in Q4 2023
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In 2023, 5,594 MW of photovoltaic installed in Spain
Solar energy (photovoltaic and solar thermal) is now the second source with the highest capacity (27,853 MW), only behind wind (30,810 MW), according to a report by opina360.This Tuesday the first report of the Renewable Energy Observatory for the digital economy prepared by Opina 360 for Foro Sella was released, which analyzes the evolution of … Continue reading In 2023, 5,594 MW of photovoltaic installed in Spain
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Photovoltaic energy in March has already reached the levels of August last year in the Iberian Peninsula
In the second week of March, prices in European electricity markets showed few variations compared to the previous week, except in the MIBEL market, where they doubled. Even so, the Iberian Peninsula registered the lowest prices. Photovoltaic energy production in Spain and Portugal reached the levels of the end of August and set another record … Continue reading Photovoltaic energy in March has already reached the levels of August last year in the Iberian Peninsula
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Statkraft supplies solar photovoltaic and wind power to e-mobility expert Vitesco Technologies
Statkraft, Europe’s largest producer of renewable energy, has concluded a Power Purchase Agreement (PPA) with Vitesco Technologies, a leading international developer and manufacturer of modern drive technologies for sustainable mobility, for the supply of a total of around 83,000 MWh of renewable electricity from solar and onshore wind power plants. Since January 2024, Statkraft has … Continue reading Statkraft supplies solar photovoltaic and wind power to e-mobility expert Vitesco Technologies
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76% of Africa’s energy could come from photovoltaics and wind energy by 2040
Over half of Africa’s people – about 600 million – lack access to even the bare minimum of electricity. The tough question to answer is how access can be extended without adding to global warming by relying on fossil fuels. We – a team from Rwanda and Germany who work in the field of renewable … Continue reading 76% of Africa’s energy could come from photovoltaics and wind energy by 2040
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Spain wastes 2.1 billion in photovoltaic and wind energy due to lack of demand and networks
Last year, Spain added a renewable generation capacity of 8,400 megawatts to its electricity grid, made up of 5,899 megawatts of wind and photovoltaic energy, and around 2,500 photovoltaic megawatts for self-consumption. This dynamism in the renewable sector has not been accompanied by similar growth in grid infrastructure, resulting in areas where local grids lack … Continue reading Spain wastes 2.1 billion in photovoltaic and wind energy due to lack of demand and networks
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Why upgrading the international renewables classifications is crucial to the energy transitions
The energy systems today are more complex than ever. Countries are using more renewable energy solutions to move away from fossil fuels as the main source of energy in many contexts. This is good news for a cleaner and more sustainable energy future. But as the shift takes place, a few issues emerge in keeping … Continue reading Why upgrading the international renewables classifications is crucial to the energy transitions
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Commitment to photovoltaic energy in Europe results in record figures for a March month in several markets
In the first week of March, solar photovoltaic energy production reached the highest daily value for a March month in history in most major European electricity markets. This did not prevent weekly average market prices from being higher than in the previous week, supported by higher demand and gas and CO2 prices, as well as … Continue reading Commitment to photovoltaic energy in Europe results in record figures for a March month in several markets
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Advances in photovoltaics, wind power and hydraulics in Pakistan
Pakistan, a country with a growing population and increasing energy demand, has made significant progress in adopting renewable energy sources to meet its energy needs.The nation, known for its rich solar and wind resources, has been harnessing these abundant natural elements to transition to a cleaner, more sustainable energy future. First, let’s talk about the … Continue reading Advances in photovoltaics, wind power and hydraulics in Pakistan
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Iberdrola launches an offer to acquire 18.4% of its US subsidiary Avangrid
Iberdrola has launched an offer to acquire 18.4% of the capital of its US subsidiary, Avangrid. As reported by the company to the National Securities Market Commission (CNMV), the company is offering $34.25 per share, which represents a premium of approximately 10% compared to the weighted average share price of the last 30 days. Currently, … Continue reading Iberdrola launches an offer to acquire 18.4% of its US subsidiary Avangrid
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Solar photovoltaic and wind energy in February
European electricity markets in February reached their lowest prices since the first half of 2021. In February, prices in the main European electricity markets fell, most of them reaching the lowest levels since the first half of 2021. Photovoltaic energy reached the production record for a February month in Spain and Portugal, a milestone that … Continue reading Solar photovoltaic and wind energy in February
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Wind energy drives Spanish electricity market prices to their lowest week ever
In the week of February 26, prices in the European electricity markets were higher than in the previous week. The exception was the Iberian market, where prices fell and were the lowest, something that has been happening since February 18. Weekly Iberian wind energy production was the highest since October, which led to the lowest … Continue reading Wind energy drives Spanish electricity market prices to their lowest week ever
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Dismantling myths surrounding wind energy
Pedro Fresco presents his book Energy Fakes and dismantles some common myths about wind energy. The myths and mythologies that surround wind energy are not much different from those spread about photovoltaics. Renewable energies, in general, are the target of certain groups with political, economic, or personal interests who do not want a transition to … Continue reading Dismantling myths surrounding wind energy
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China needs 10 times its photovoltaic and wind energy to eliminate its CO2 emissions
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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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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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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