Iberdrola continues to strengthen its liquidity position, confirming today that it has refinanced €5.3 billion by signing its largest ever credit facility. The agreement, signed with 33 international banks, also helps to consolidate its leadership in sustainable financing, with the conditions of the facility linked to of a series of ESG objectives. The operation has … Continue reading Iberdrola signs its largest ever credit line for €5.3 billion with 33 banks
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Wind power in Peru: Acciona wind farm
ACCIONA Energía has connected its first renewable energy project in Peru, the San Juan de Marcona wind farm (135,7MW), to the National Interconnected Electricity System (SEIN) grid, representing an investment by the global renewable energy company of US$180 million (€164 million). The renewable facility, located in the department of Ica, is made up of 23 … Continue reading Wind power in Peru: Acciona wind farm
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Ingeteam and EIB sign €46 million loan to develop cutting-edge technology and new solutions for the energy transition
The European Investment Bank (EIB) and Ingeteam have signed a €46 million loan for a two-year investment plan covering the research, development and innovation (RDI) activities of the Spanish company specialised in electrical engineering and the development of electrical equipment, motors, generators and converters. The InvestEU-backed EIB loan will support research into developing new solutions enabling … Continue reading Ingeteam and EIB sign €46 million loan to develop cutting-edge technology and new solutions for the energy transition
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EU Commission, Member States and Wind Industry sign the Wind Charter
December 19th in Brussels, the EU Commission, EU Member States, and the Wind Industry sign the Wind Charter. The Charter follows the EU`s Wind Power Action Plan that was published by the EU Commission in October. The Plan is a non-regulatory communication. Signing the Charter, the Member States commit to deliver on the goals of … Continue reading EU Commission, Member States and Wind Industry sign the Wind Charter
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Ingeteam R&D in the wind industry: from Spain to the world
Technological innovation is a key factor in Ingeteam’s operations and is the driving force behind its growth, development and leadership. Research, development and innovation plays a fundamental role in the company and that’s why more than 400 people are dedicated to R&D. The economic investment that the company allocates to this area exceeds 5% of … Continue reading Ingeteam R&D in the wind industry: from Spain to the world
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The impact of solar photovoltaic energy on prices
The growth of renewable energies, especially solar photovoltaic energy, is transforming the price profile of the electricity market in Spain. The clear influence of solar energy stands out, with prices falling during the hours of maximum solar radiation from 2021. Although wind energy also has an impact on prices, its variability makes it less evident … Continue reading The impact of solar photovoltaic energy on prices
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There is still capacity to export more renewable energy avoiding curtailments and price cannibalization
The profile of electricity exchanges between the Iberian Peninsula and France shows interesting results. The Iberian exception represented a profound disruption in the pattern of exchanges between the Iberian and French markets. The analysis of exchanges by months of the year shows that there is still capacity to export more photovoltaic energy to France in … Continue reading There is still capacity to export more renewable energy avoiding curtailments and price cannibalization
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Wind energy and solar power break records and generate more than half of all electricity in Spain in 2023
Renewable energies could close the year representing more than 50% of the national mix, a historical maximum and almost nine percentage points higher than the 2022 quota. Wind and solar photovoltaics complete an exceptional year, with respective records for production and participation in the generation structure. According to estimates, 2023 is on track to be … Continue reading Wind energy and solar power break records and generate more than half of all electricity in Spain in 2023
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EU Governments commit to take urgent actions outlined in the Wind Power Package
In October the European Commission published the Wind Power Package: 15 immediate actions to strengthen the competitiveness of Europe’s wind value chain. The European Commission and European Investment Bank are delivering on their bits of the package already. But the bulk of the actions fall to National Governments. So today the Energy Ministers of 26 … Continue reading EU Governments commit to take urgent actions outlined in the Wind Power Package
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Increase in the contribution of Spanish wind energy in the main indicators
The wind sector accounts for 0.50% of the GDP in Spain (0.49% previous year), generates more than 39,000 jobs (32,000 previous year, a 14% increase), exports more than 2,500 million euros and saves 6,492 million of euros in the import of fossil fuels. Thanks to wind power, the emission of 32 million tons of CO2 … Continue reading Increase in the contribution of Spanish wind energy in the main indicators
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Gas, CO2 and European electricity market prices fall for second week in a row
In the second week of December, prices in most markets were lower than in the previous week. A mostly lower electricity demand combined with a second consecutive week of lower gas and CO2 futures prices, and increased solar energy production in most of the major European electricity markets led to the downward trend. Concentrayed Solar … Continue reading Gas, CO2 and European electricity market prices fall for second week in a row
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Iberdrola España will repower its first four wind farms and increase production by 30%
Iberdrola España will repower four onshore wind farms in Galicia and Castilla La Mancha, which will reduce the number of wind turbines installed in both communities by 200 and increase the energy production of the facilities by an average of 30%. The machines used in the repowering will have a unit power that is up … Continue reading Iberdrola España will repower its first four wind farms and increase production by 30%
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GE and Forestalia sign collaborative agreement to install up to 693 MW of wind energy in Spain
Framework agreement between GE and Forestalia includes 110 onshore wind turbines across 16 project sites in Aragon, Spain. First phase of 33 wind turbines already underway. All projects will feature GE’s 6.1-158 workhorse wind turbines. GE Vernova announced today that it has signed a framework agreement with Forestalia to install up to 693 MW of … Continue reading GE and Forestalia sign collaborative agreement to install up to 693 MW of wind energy in Spain
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Vestas achieves the first wind project with Repsol with the most powerful wind turbines ever installed in Spain
Repsol has placed an order for 31 MW for the STEV wind farm, part of the Delta II project, which will be located in Aragon, Spain. The contract includes the supply and installation of five V162-6.2 MW wind turbines. This is the first order for EnVentus V162-6.2 MW wind turbines in Spain and, once installed, … Continue reading Vestas achieves the first wind project with Repsol with the most powerful wind turbines ever installed in Spain
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EGP begins construction on a 24 MW wind farm in Zaragoza
Enel Green Power has begun construction of a 24 MW wind farm near the towns of Borja and Fréscano in the province of Zaragoza. The investment associated with this project amounts to 26 million euros. The San Francisco de Borja wind farm will have 7 wind turbines, 5 of them with a unit power of 3.4 … Continue reading EGP begins construction on a 24 MW wind farm in Zaragoza
Continue readingConcentrated Solar Power, photovoltaic, and wind energy in the first week of December
In the first week of December, gas prices declined, approaching levels seen in early October, before the Hamas attack on Israel. CO2 futures also declined. On December 8, they registered the lowest settlement price since October 2022. Wind energy production increased in most major European electricity markets. In this context, and with electricity demand generally … Continue reading Concentrated Solar Power, photovoltaic, and wind energy in the first week of December
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Naturgy begins the construction of a new wind farm in Catalonia and plans to reach 250 renewable MW in the Community
The company will invest 40 million euros in this new wind installation, located in the province of Tarragona, which will generate energy equivalent to the consumption of 26,700 homes. Naturgy maintains its commitment to the development of renewable energies in Catalonia, after the incorporation of four new wind farms to its portfolio in the Community. … Continue reading Naturgy begins the construction of a new wind farm in Catalonia and plans to reach 250 renewable MW in the Community
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Solar power has seen a remarkable increase in capacity worldwide
In 2010 it took an average of a month to install one gigawatt of solar capacity. By 2015, this pace quickened to a week, and in 2023, it is expected to exceed one gigawatt per day. In the last decade, the global solar power landscape has transformed dramatically, according to a summary by Solcellskollen. Looking … Continue reading Solar power has seen a remarkable increase in capacity worldwide
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Wind power and solar energy production continued to break records in Europe in November
IN November, wind energy production reached record highs in France and Italy and was the highest for a November month in Germany. Solar production also broke records for a November month in Spain, Portugal, France and Italy. In this context, prices on the main European electricity markets remained stable, with prices rising in Nord Pool, … Continue reading Wind power and solar energy production continued to break records in Europe in November
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The drop in temperatures boosted European electricity market prices in the last week of November
In the last week of November, prices in the main European electricity markets rose compared to the previous week. This increase was due to the drop in temperatures, which in most markets was more than 3°C, and which boosted electricity demand. In addition, renewable energy production was lower than the previous week. On November 30, … Continue reading The drop in temperatures boosted European electricity market prices in the last week of November
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