PPA are booming as a tool in the energy transition. PPA allow renewable energy producers to guarantee the long?term sale of their production, facilitating financing. In turn, consumers ensure a supply at agreed prices, avoiding market volatility and demonstrating their commitment to the environment. Spain has brought solar PPA to lead in Europe. AleaGreen facilitates … Continue reading Spain brings solar PPA to lead Europe
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Why Public Financing Needs to Be Centre Stage for Universal Energy Access
The latest Tracking SDG 7 report offers yet another sobering reminder of the lack of progress on electricity and clean cooking targets. In 2021, over 675 million people were living without electricity access, and billions more were without reliable access. Meanwhile, about 2.3 billion people rely on traditional fuels for cooking. Under a business-as-usual scenario, by … Continue reading Why Public Financing Needs to Be Centre Stage for Universal Energy Access
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Ørsted and Terra Solar team up to develop 400 MW portfolio of solar energy in Ireland
Ørsted has announced the development of a portfolio of Irish solar projects in a partnership with renewable energy developer Terra Solar, headquartered at NovaUCD in Dublin. With a capacity of up to 400 MW, the projects have the potential to power over 90,000 Irish homes. This latest partnership brings further momentum to Ørsted’s solar pipeline … Continue reading Ørsted and Terra Solar team up to develop 400 MW portfolio of solar energy in Ireland
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US renewables annual capacity additions to nearly triple in 10 years
Speaking at the RE+ conference in Las Vegas, Chris Seiple, vice chairman, power and renewables for Wood Mackenzie said that with the Inflation Reduction Act (IRA) driving the economic competitiveness of renewables, annual capacity additions will nearly triple in 10 years to 110 gigawatts (GW). “The IRA has made renewables very competitive with other technologies … Continue reading US renewables annual capacity additions to nearly triple in 10 years
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September starts with lower prices of gas and European electricity markets
The fall in gas prices during the first week of September, after the rebound in August, accompanied by the increase in photovoltaic energy production, relaxed prices in most European electricity markets. However, the fall in wind and solar energy production in the Iberian Peninsula contributed to the rise in prices in the MIBEL market. It … Continue reading September starts with lower prices of gas and European electricity markets
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IEA clean energy equipment price index
In 2021 and 2022 a barrage of factors pushed up prices of clean energy equipment. The cost of inputs, such as critical minerals, soared. Logistical problems prevented shipments from clearing ports or arriving to destination on time. Russia’s invasion of Ukraine in early 2022 upended energy trade patterns as most of the world, and Europe … Continue reading IEA clean energy equipment price index
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China’s solar power capacity to reach 1,000 GW by 2026
China’s installed solar capacity will double to 1,000 gigawatts (GW) by the end of 2026 as the world’s second-largest economy continues to ramp up investment in renewables, energy research firm Rystad Energy wrote in a note published on Monday. Beijing had set a goal of boosting the country’s installed capacity of wind and solar power … Continue reading China’s solar power capacity to reach 1,000 GW by 2026
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Ørsted enters its first UK solar project
Ørsted has entered its first solar project in the UK. One Earth Solar Farm is a proposed 740 MW solar farm with associated battery storage, that will primarily be located in Nottinghamshire near the border of Lincolnshire and is being co-developed with PS Renewables. Once operational, the 740 MW solar farm will generate enough clean, … Continue reading Ørsted enters its first UK solar project
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G20 Leaders Endorse IRENA Recommendations for Global Renewable Energy Adoption
G20 leaders agreed to accelerate efforts to triple global renewable energy capacity by 2030, aligning with recommendations from the International Renewable Energy Agency (IRENA) on how the world can move in line with the Paris Agreement targets. In a declaration adopted on Saturday, the Group cites a joint report between IRENA and India’s G20 Presidency, … Continue reading G20 Leaders Endorse IRENA Recommendations for Global Renewable Energy Adoption
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Enabling faster rollout of renewables can help Switzerland reach climate and energy goals
Switzerland’s low-emissions electricity system makes it well placed to meet its climate targets by 2030 and beyond, but cutting red tape to speed up deployment of renewables is essential as the country intends to move away from nuclear power, according to a new in-depth policy review by the IEA. Switzerland is demonstrating its commitment to … Continue reading Enabling faster rollout of renewables can help Switzerland reach climate and energy goals
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Concentrated Solar Power, photovoltaic and wind energy in August
In August 2023, prices in most European electricity markets increased, ranging between €90/MWh and €112/MWh. Higher gas prices, as well as lower solar energy production, contributed to these increases. On the other hand, Spain, Italy, France and Portugal registered all time records of photovoltaic and wind energy production for a month of August. Solar photovoltaic … Continue reading Concentrated Solar Power, photovoltaic and wind energy in August
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Renewable PPA: An opportunity for the electrointensive industry
According to AEGE, the situation of the electro-intensive industry in Spain is critical due to high energy costs. In addition to the energy policies needed to make this industry competitive at European and global level, PPAs with renewable energy projects are a good opportunity to achieve competitive energy prices in the long term, although they … Continue reading Renewable PPA: An opportunity for the electrointensive industry
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RayGen aim to making dispatchable solar a reality
An all-Australian hybrid solar energy and storage project promising cheap and dispatchable electricity is officially open for commercial-scale trials. Combining incredibly efficient photovoltaic (PV) and low-cost thermal energy technologies, the new power plant will test Melbourne-based company RayGen’s unique approach to solar electricity generation and long-duration storage. It’s the latest step, supported by ARENA, that … Continue reading RayGen aim to making dispatchable solar a reality
Continue readingU.S. solar industry expects to add a record 32 gigawatts
The U.S. solar industry expects to add a record 32 gigawatts (GW) of new capacity in 2023, a 52% increase from 2022, according to the US Solar Market Insight Q3 2023 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. The solar market has been hampered in recent years by supply … Continue reading U.S. solar industry expects to add a record 32 gigawatts
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Solar power and agriculture going hand in hand:RWE to build demonstration plant for agrivoltaics
Solar power and agriculture in one field – RWE and Forschungszentrum Jülich want to demonstrate how this can work in a demonstration plant in the Rhenish mining district. Earlier today RWE officially launched the project in the presence of Frank Rock, Rhine-Erft County Commissioner, Sascha Solbach, Mayor of the City of Bedburg, and Prof Ulrich … Continue reading Solar power and agriculture going hand in hand:RWE to build demonstration plant for agrivoltaics
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China leads global shift to renewable energy with technological innovations in wind and solar power
China is leading global efforts in shifting to cleaner energy sources, thanks to numerous technological breakthroughs and robust development in its wind and photovoltaic power industries supported by strengthened innovation and resilient industrial chains. China’s self-developed 16-megawatt offshore wind turbine off the coast of southeast China’s Fujian Province. In the wind power sector, key technological … Continue reading China leads global shift to renewable energy with technological innovations in wind and solar power
Continue readingSolar panel shipments set a record high in 2022 as capacity continued to grow
In 2022, solar photovoltaic panel shipments in the United States increased 10% from 2021, setting another annual record (31.7 million peak kilowatts [kWp]), based on our latest published data. U.S. solar panel shipments have been growing as solar capacity continues to rise. U.S. solar panel shipments closely track domestic solar capacity additions; the difference between … Continue reading Solar panel shipments set a record high in 2022 as capacity continued to grow
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In Rural Malaysia, Local Communities Are Empowered to Develop and Maintain Renewable Power
Unjam Anak Makam and Maja Anak Mabang never imagined that they would play a role in bringing light to their villages in Sarawak, Malaysia. As graduates of a government certification training scheme after finishing their secondary schools, Unjam and Maja are some of the local youth who joined Ecogreen, one of the several companies assigned … Continue reading In Rural Malaysia, Local Communities Are Empowered to Develop and Maintain Renewable Power
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Construction of a photovoltaic plant starts in Texas to supply solar power to Facebook
Iberdrola’s US subsidiary Avangrid has begun construction of the 240 MW True North photovoltaic plant in Falls County (Texas). It will supply clean, renewable energy to power the operations of Meta, the parent company of the social network Facebook, in the region. Since 2020, Meta’s global operations have been supported by 100% renewable energy. The … Continue reading Construction of a photovoltaic plant starts in Texas to supply solar power to Facebook
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For the first time, Brazil generates 27% of its electricity with wind power and solar energy
In Brazil, during the month of July, around 27% of total electricity generation came from wind and solar energy. The amount of 14 TWh was the highest recorded so far. The data is from Ember’s Energy & Climate Think Tank, a UK-based company dedicated to combating climate change.In this context, the country enters the list … Continue reading For the first time, Brazil generates 27% of its electricity with wind power and solar energy
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