Tag Archives: solar

Wind energy and solar power remain the country’s most affordable sources of new electricity

For energy wonks, Lazard’s Levelized Cost of Energy Analysis 14.0 is always one of the year’s most anticipated reports. It’s the gold-standard when comparing the cost of different power generation technologies on an objective, equitable basis. No surprise, Lazard finds that wind and solar continue to be the lowest-cost sources of new power generation across … Continue reading Wind energy and solar power remain the country’s most affordable sources of new electricity

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EDPR secures a PPA for two solar power projects in the U.S.

With this new agreement, EDPR has now secured 85% of the ~7.0 GW targeted wind energy and solar power global capacity build-out for 2019-2022 period. DP Renováveis, SA (“EDPR”), a global leader in the renewable energy sector and one of the world’s largest wind energy producers, through its fully owned subsidiary EDP Renewables North America … Continue reading EDPR secures a PPA for two solar power projects in the U.S.

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Hydropower to help integrate wind power and solar energy resources

The American Wind Energy Association (AWEA) today issued the following statement after the U.S. hydropower industry and environmental and conservation organizations agreed to increase collaboration on decarbonizing the nation’s electric grid, while protecting America’s waterways. AWEA this year partnered with America’s hydropower, solar, and energy storage industries as part of a shared vision of renewables … Continue reading Hydropower to help integrate wind power and solar energy resources

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Islands Aim to Phase out Fossil Fuels and Build Climate Resilience

From the Atlantic Ocean and the Caribbean to the farthest reaches of the Indian and Pacific oceans, island communities face common and increasingly daunting energy challenges. On top of their vulnerability to climate change, Small Island Developing States (SIDS) tend to have limited primary energy resources, leaving them dependent on imported fossil fuels. This means … Continue reading Islands Aim to Phase out Fossil Fuels and Build Climate Resilience

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Iberdrola builds hybrid wind energy and solar power plant in Australia

After the acquisition of Infigen, ground has been broken on its first renewable project in Australia, with 317 MW capacity and A$ 500 million investment. Iberdrola gets down to business in Australia with the construction of its first renewable energy project after the friendly acquisition of Infigen Energy, one of the country’s key developers of … Continue reading Iberdrola builds hybrid wind energy and solar power plant in Australia

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Wind energy and solar hybrid systems can power India’s renewables growth

India’s total wind-solar hybrid capacity is expected to grow rapidly to reach nearly 11.7 gigawatts (GW) by 2023, according to a new report by IEEFA and JMK Research. “This is a new and fast-growing market in India,” say the report’s authors Vibhuti Garg, energy economist at the Institute for Energy Economics and Financial Analysis (IEEFA), … Continue reading Wind energy and solar hybrid systems can power India’s renewables growth

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Solar and wind energy accounted for 67% of aggregate generation in 2019

The share of renewables in new energy installations in 2019 increased compared to 2010, when it was less than 25%.In 2019, solar photovoltaic, concentrated solar power and wind power accounted for two-thirds of the 265 gigawatts of power generation capacity added to the system worldwide. The data comes from BloombergNEF’s Power Transition Trends 2020 (BNEF) … Continue reading Solar and wind energy accounted for 67% of aggregate generation in 2019

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Wind energy generates 19,000 jobs in Brazil

The wind power, the second source of electric power in Brazil, behind the hydroelectric, represents 19,000 jobs in Brazil, as compared to 34,000 in 2018. Even with the fall, Brazil remains among the 10 most used in the world. this segment, behind China, Germany, United States, India, United Kingdom, Denmark, Mexico, Spain and the Philippines. … Continue reading Wind energy generates 19,000 jobs in Brazil

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Renewables Could Cover More Than One-Third of Energy Demand in Central and South Eastern Europe

New IRENA report explores cost-effective growth of renewables in Central and South Eastern Europe to save costs, enhance energy security and supply affordable energy to all citizens in the region. Within ten years, the economies of Central and South Eastern Europe* could cover 34% of their rising energy demand cost-effectively with renewables, a new report … Continue reading Renewables Could Cover More Than One-Third of Energy Demand in Central and South Eastern Europe

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CDF and IRENA Collaborate to Boost Low-Carbon Investments in the Caribbean

Cooperation will support renewable energy and energy efficiency drive as Caribbean looks to transition away from fossil fuel dependency The International Renewable Energy Agency (IRENA) has signed a Memorandum of Understanding with the CARICOM Development Fund (CDF) to support a transition from fossil-fuel dependency to a more resilient and sustainable low carbon economic development model … Continue reading CDF and IRENA Collaborate to Boost Low-Carbon Investments in the Caribbean

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Iberdrola triples its renewable commitment in Andalusia which will reach 3,000 MW in the coming five years

Iberdrola has this morning inaugurated the Andévalo photovoltaic plant, a ground-breaking facility that paves the way for a more sustainable energy and production model. Iberdrola Chairman, Ignacio Galán, accompanied by the president of the Andalusian Parliament, Juanma Moreno, explained that “Andévalo is an example of the operations we are undertaking in Andalusia to triple our … Continue reading Iberdrola triples its renewable commitment in Andalusia which will reach 3,000 MW in the coming five years

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GWEC, Greenpeace and REN21 announce winner of “REvolutionaries” clean energy award in Africa

The Global Wind Energy Council (GWEC), joined by Greenpeace and REN21, has announced the winner of the first edition of the “Revolutionaries: The Steve Sawyer Memorial Award,” which honours late GWEC CEO Steve Sawyer’s work scaling up renewable energy around the world.Wangari Muchiri, a renewable energy engineer and planning expert based in Kenya, will receive … Continue reading GWEC, Greenpeace and REN21 announce winner of “REvolutionaries” clean energy award in Africa

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Wind energy employs 1.2 million people

IRENA’s annual jobs review confirms long-term growth trend; strong policy action essential to ensure continued employment expansion in the COVID-19 era. Renewable energy continues to bring socio-economic benefits by creating numerous jobs worldwide, according to the latest figures released by the International Renewable Energy Agency (IRENA) today. The seventh edition of Renewable Energy and Jobs … Continue reading Wind energy employs 1.2 million people

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Statkraft invests in solar and wind power in Brazil

In the case of the wind farm in Bahia announced by Statkraft on Monday, the planned investments are 2.5 billion reais. The company will seek long-term financing to finance investments in the wind turbines while evaluating complementary financing, such as the issuance of debentures. 30% of the future production of wind farms in Bahia was … Continue reading Statkraft invests in solar and wind power in Brazil

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Vattenfall opens its first floating solar farm

Vattenfall has opened its first floating solar farm in Gendringen, the Netherlands. The solar farm, with a capacity of 1.2 megawatt, was built on the site of the sand and gravel extraction company Netterden. This means that from now on, half of the annual energy consumption of the electric sand dredge and the associated sorting and processing … Continue reading Vattenfall opens its first floating solar farm

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South Africa will procure 6.8GW of solar, wind power

Eskom will buy at least 6.8GW of solar and wind power from independent power producers from 2022, energy minister Gwede Mantashe said on Friday in the Government Gazette. It was not immediately clear how Eskom, which is mired in a financial crisis and has struggled to keep the lights on over the past year, will … Continue reading South Africa will procure 6.8GW of solar, wind power

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World Economic Forum and IRENA Partner for Sustainable Energy Future

The President of the World Economic Forum, Børge Brende, and the Director-General of the International Renewable Energy Agency (IRENA), Francesco La Camera, signed a Memorandum of Understanding (MoU) alongside the 75th session of the UN General Assembly and the Sustainable Development Impact Summit. The Forum’s Energy Transition Index has found that, without urgent stakeholder action, … Continue reading World Economic Forum and IRENA Partner for Sustainable Energy Future

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Finance for Renewables in Developing Countries Is on the Rise

Global finance to developing countries in support of clean and renewable energy reached USD 21.3 billion in 2017. This almost doubles the level from 2010 when international financial flows were at USD 10 billion, according to latest figures of a new indicator under the Sustainable Development Goal 7 (SDG). The new indicator, jointly monitored by … Continue reading Finance for Renewables in Developing Countries Is on the Rise

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Wind power, concentrated solar power and photovoltaic energy potential in Chile stands out

Chile has the first solar thermal plant in Latiomérica, Cerro Dominador concentrating solar power and a great power of solar and wind energy.Renewable energies will represent more than 70 percent of Chile’s energy capacity in 2030, estimated today a study by the analysis company GlobalData. According to the report, between 2019 and 2030 almost 30 … Continue reading Wind power, concentrated solar power and photovoltaic energy potential in Chile stands out

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Wind power and solar energy have reached maturity

The president of AES Tietê, Ítalo Freitas, supports the Federal Government’s proposal to end the subsidy granted to renewable energies; however, it considers that it would not be consistent for legislators to maintain or create incentives for technologies with a high carbon footprint, such as thermoelectric generation. “The function of the grant is to promote … Continue reading Wind power and solar energy have reached maturity

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