In the second week of May, the rise in temperatures led to a drop in demand in most of the European markets. The solar energy production increased in general in correspondence with the increase in solar radiation at this time. These factors and gas prices lower than those of the previous week allowed electricity markets … Continue reading European electricity markets prices fell favoured by the weather
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The demand that has a term coverage will be exempt from paying the adjustment of gas prices
The long?awaited Royal Decree?law with the mechanism to limit gas prices in the electricity market was finally published. This article summarises the most outstanding aspects of the RDL. Last Saturday, May 14, Royal Decree?law 10/2022, of May 13, was published, which temporarily establishes a mechanism for adjusting production costs to reduce the electricity price in … Continue reading The demand that has a term coverage will be exempt from paying the adjustment of gas prices
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Spain will double employment in wind power by 2030 and will exceed 67,000 job
In the world, there are more than 12 million jobs dedicated to renewable energies. In Spain, the wind sector employs more than 30,000 people and this figure may exceed 67,000 jobs in 2030.The development of offshore wind power in the world means that the demand for professionals in this technology will triple by the end … Continue reading Spain will double employment in wind power by 2030 and will exceed 67,000 job
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Europe puts fast permitting of wind power at the heart of its energy security plan
The European Commission has presented a new package of measures to help the EU wean itself off Russian fossil fuels well before 2030. The “REPowerEU Action Plan” spells out that renewables are at the core of Europe’s energy security. And crucially it tackles the permitting bottlenecks that are holding back the expansion of wind and solar. … Continue reading Europe puts fast permitting of wind power at the heart of its energy security plan
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Photovoltaic, solar thermal and wind energy in European markets
In the second week of May, the rise in temperatures led to a drop in demand in most of the European markets. The solar energy production increased in general in correspondence with the increase in solar radiation at this time. These factors and gas prices lower than those of the previous week allowed electricity markets … Continue reading Photovoltaic, solar thermal and wind energy in European markets
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The King inaugurates Iberdrola’s green hydrogen plant in Puertollano
The project will have zero CO emissions2 thanks to the use of renewable energy from an innovative photovoltaic plant integrated into the installation The plant, which will be able to produce up to 3,000 tonnes of renewable hydrogen per year, will supply clean hydrogen to the Fertiberia Group’s factory in the town, thereby reducing the … Continue reading The King inaugurates Iberdrola’s green hydrogen plant in Puertollano
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Market price forecasting and its importance for renewable energies development
Electricity, gas and CO2 markets prices were protagonists in recent months. In recent days, a large part of the headlines related to the Iberian market focused on the gas price limit that is expected to be approved in the coming days. All these topics will be analysed on May 12 in the webinar organised by … Continue reading Market price forecasting and its importance for renewable energies development
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Photovoltaic energy production records in some European markets
In the first week of May, hourly or daily solar photovoltaic energy production records were registered in the markets of Spain and Portugal and values among the highest in history in France. In the Iberian Peninsula, the wind energy production increased compared to the previous week and in most markets the demand decreased. This combination … Continue reading Photovoltaic energy production records in some European markets
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The energy transition needs stable and predictable regulation
In the midst of the complex situation that European energy markets are experiencing, it became clear that renewable energies, green hydrogen, storage and the energy transition as a whole are the solution to the problem. For the energy transition to advance, regulation needs to be stable and predictable so that it gives clear signals to … Continue reading The energy transition needs stable and predictable regulation
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Capital Energy and Shell sign an agreement to development of offshore wind energy projects in Spain and Portugal
Capital Energy, a Spanish energy company created two decades ago and whose vocation is to become the first vertically integrated 100% renewable operator on the Iberian Peninsula, and Shell have signed an agreement to analyze the joint development of projects in the offshore wind energy sector in Spain and Portugal. Leveraging their complementary skills and … Continue reading Capital Energy and Shell sign an agreement to development of offshore wind energy projects in Spain and Portugal
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Iberdrola will contribute to making Volkswagen’s electric vehicle value chain sustainable
Ignacio Galán: “The agreement we have signed with Volkswagen will mean some 500 million euros in investments in renewable facilities to supply them with green energy”. Iberdrola and Volkswagen have presented in Sagunt (Valencia) a strategic collaboration agreement that will contribute to making the entire electric vehicle value chain sustainable in the automaker’s future gigafactory. … Continue reading Iberdrola will contribute to making Volkswagen’s electric vehicle value chain sustainable
Continue readingEuropean electricity markets prices fell again thanks to wind energy
In the third week of April, the wind energy production increased in most European markets, which, together with lower demand in several markets, favoured the decrease in electricity markets prices. During the weekend, negative prices were reached in Belgium and the Netherlands and in the Iberian market some hours registered prices of €1.17/MWh. Gas and … Continue reading European electricity markets prices fell again thanks to wind energy
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Iberdrola posts €1.05 billion net income in Q1, up 3%
Iberdrola Spain’s net income fell by 29%. In comparison, Avangrid posted a 33% increase and Neoenergia increased by 20%. Spain’s contribution represents less than a third of the company’s total earnings, due to high energy prices which have not been passed on to customers with previously agreed fixed prices. Growth driven by investment in renewables … Continue reading Iberdrola posts €1.05 billion net income in Q1, up 3%
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GE Renewable Energy to reduce its carbon footprint in Europe through a wind PPA with Forestalia
Purchasing electricity from Forestalia’s El Coto wind farm in Spain which generates enough power to support more than 60% of GE Renewable Energy operations in Europe.The 12-year long PPA will reduce GE Renewable Energy’s emissions by ~13k tCO2e annually, 79% of its current carbon footprint from electricity in Europe. The agreement reflects GE Renewable Energy’s … Continue reading GE Renewable Energy to reduce its carbon footprint in Europe through a wind PPA with Forestalia
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Greenalia: Lamas de Feás Wind Farm
The Lamas de Feás Wind Farm is part of the Galician Wind Sector Plan, in the municipalities of Baltar, Calvos de Randín and Os BlancosThe project foresees an investment of 27 million euros and a mobilization of more than 300 jobsThe annual production of the Wind Farm is estimated at more than 103,000 MWh, and … Continue reading Greenalia: Lamas de Feás Wind Farm
Continue readingPhotovoltaic broke records and together with wind energy lowered European electricity markets prices
In the first week of April, the photovoltaic energy broke records in the Spanish, French and Italian markets. This technology and the wind energy contributed to lower the prices of most European electricity markets. Negative values or the lowest in recent months were registered in several of them. Gas prices fell, also favouring the drop … Continue reading Photovoltaic broke records and together with wind energy lowered European electricity markets prices
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Capital Energy develops the Los Corrales wind farm with 85 MW
The company signs an agreement with the Ujué City Council linked to the commissioning of the Los Corrales wind farm, which will have a capacity of 85 MWThe company and the council will promote actions tailored to the needs of Ujué and that will be framed within specific lines of action, such as the improvement … Continue reading Capital Energy develops the Los Corrales wind farm with 85 MW
Continue readingWind power became the main source of electricity production in Spain last year, accounting for 23 percent, ahead of nuclear (21 percent) and gas (17 percent)
Wind power has become Spain’s main source of electricity generation just as Europe seeks to curb its energy imports from Russia. “We are on suitable ground here,” said Joaquin Garcia Latorre, project director at Enel Green Power Espana, pointing to gigantic masts erected on the heights of the tiny northeastern village of Villar de los … Continue reading Wind power became the main source of electricity production in Spain last year, accounting for 23 percent, ahead of nuclear (21 percent) and gas (17 percent)
Continue readingWith the limitation of gas prices, the Iberian electricity market will have two reference prices
Just after RDL 6/2022 was published to prolong and modify the measures aimed at lowering energy prices, the governments of Spain and Portugal sent a proposal to modify the wholesale electricity market to Brussels. The most important thing about this proposal is that it maintains an unchanged marginalist price in order not to distort exchanges … Continue reading With the limitation of gas prices, the Iberian electricity market will have two reference prices
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The first quarter of the year registered the highest prices in history in the European energy markets
During the first quarter of 2022, European energy markets were influenced by the effects of the Russian invasion of Ukraine. Record gas prices were registered that caused hourly, daily, monthly and quarterly historical maximums in several electricity markets. Brent futures registered the highest prices since July 2008 and CO2 futures increased in the whole of … Continue reading The first quarter of the year registered the highest prices in history in the European energy markets
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