At 240 GWdc, 2022 was the biggest year on record for global solar installations. That relentless growth translated into unprecedented expansions of the operational portfolios of the largest global solar asset owners. Solar portfolios from the top global solar asset owners, including Chinese players, grew by a record-shattering 44% in 2022. This was driven mostly … Continue reading Chinese state-owned enterprises are the largest owners of solar energy assets
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Acciona Energía signs MOU with the Cebu government for a 150MW solar plant
ACCIONA Energía has announced the signing of a Memorandum of Understanding (MOU) with the Provincial Government of Cebu (Philippines) and Filipino consultancy Freya Renewables for the development of a 150MW photovoltaic plant in the municipality of Daanbantayan, at the northern tip of the Island. The MOU was signed by Gwendolyn Garcia, Governor of Cebu, Rafael … Continue reading Acciona Energía signs MOU with the Cebu government for a 150MW solar plant
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Global solar power capacity to increase 32% compared to 2022
Solar energy continues its relentless penetration into the world’s energy system, driven by strong policy support, attractive pricing, and the technology’s modular nature. We expect over 320 GWdc of solar to be installed this year, which represents a 20% increase compared to our projections from last quarter. Our latest global solar forecasts have global installations … Continue reading Global solar power capacity to increase 32% compared to 2022
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The drop in the LCOE of solar and wind power drives the energy transition
Over the past decade, the LCOE (Levelized Cost Of Electricity) of renewable electricity generation technologies has dropped exponentially, driving the energy transition towards a 100% renewable system. The largest drops in LCOE since 2010 have been for onshore wind energy, 69%, solar photovoltaic energy, 89%, and offshore wind energy, 59%. This evolution of the renewable … Continue reading The drop in the LCOE of solar and wind power drives the energy transition
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Heineken and Engie inaugurate the largest concentrated solar power plant for industrial use in Europe
Heineken Spain and Engie Spain have built the largest solar thermal plant for industrial use in Europe, a completely pioneering innovation in Spain that the President of the Government, Pedro Sánchez, wanted to see firsthand by attending the inauguration ceremony held this Saturday in Seville. and in which Etienne Strijp, president of Heineken Spain, also … Continue reading Heineken and Engie inaugurate the largest concentrated solar power plant for industrial use in Europe
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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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U.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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$15 Billion in Utility-Scale Clean Power Investments in North Carolina
A newly-released report from the American Clean Power Association (ACP) details significant contributions being made in North Carolina from utility-scale clean energy projects. The report, Clean Energy Powers North Carolina, finds that nearly 10% of the state’s energy capacity is currently generated through solar and wind projects. Clean energy capacity in the state now stands … Continue reading $15 Billion in Utility-Scale Clean Power Investments in North Carolina
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Top 10 solar PV inverter vendors account for 86% of global market share
The top 10 global solar photovoltaic (PV) inverter vendors accounted for 86% of market share in 2022, increasing by 4% year-over-year since 2021, according to latest analysis by Wood Mackenzie, a global insight business for renewables, energy and natural resources. The global PV demand of 201 gigawatt alternating current (GWac) in 2022 contributed to 48% … Continue reading Top 10 solar PV inverter vendors account for 86% of global market share
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Pumped storage hydropower in China helping to integrate wind energy and solar power
China is building pumped-storage hydropower facilities to increase the flexibility of the power grid and accommodate growing wind and solar power. As of May 2023, China had 50 gigawatts (GW) of operational pumped-storage capacity, 30% of global capacity and more than any other country. China’s pumped-storage capacity is set to increase even more, with 89 GW of … Continue reading Pumped storage hydropower in China helping to integrate wind energy and solar power
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Developers added 3,2 GW of U.S. wind energy capacity in first-half 2023
In the first half of 2023, developers added 16.8 gigawatts (GW) of new utility-scale electric generating capacity to the U.S. power grid, according to our latest inventory of electric generators. Developers plan to bring an additional 35.2 GW of capacity online in the second half of the year. Operating capacity: Solar power accounted for the … Continue reading Developers added 3,2 GW of U.S. wind energy capacity in first-half 2023
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Cumulative US community solar power capacity expected to break 6 GW in 2023
US community solar installations declined by 6% year-over-year in 2022 and 13% in Q1 of 2023. This was primarily driven by the supply chain uncertainty of the past year as well as interconnection and siting issues hindering growth in key state markets such as Massachusetts and Maine, according to the latest report released by Wood … Continue reading Cumulative US community solar power capacity expected to break 6 GW in 2023
Continue readingSolar power construction breaking records around the world
Projections in Wood Mackenzie’s latest Global Solar PV Market Outlook show that the industry’s buildout is continuing to accelerate in all regions. We expect to see PV installations to hit a new record in 2023 at nearly 270 gigawatts DC. We expect the pace to continue to accelerate, reaching 330 GW DC a year by … Continue reading Solar power construction breaking records around the world
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Masdar’s first floating solar power plant creates positive ripples in Indonesia
On the mirror-like surface of the Cirata reservoir in West Java, Indonesia, sits Southeast Asia’s largest floating solar power plant. Developed by Masdar and its partners, this feat of engineering will soon deliver renewable energy to 50,000 homes, cut emissions, and create widespread change in communities. And just a few miles away from the 145 … Continue reading Masdar’s first floating solar power plant creates positive ripples in Indonesia
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Solar and Wind to Generate a Third of Global Electricity by 2030
Solar and wind power generation is expected to triple by 2030, according to a report by the Rocky Mountain Institute. This significant growth is set to disrupt the global electricity sector and presents a promising opportunity for renewable energy investors. “The fossil fuel era is over,” states the report published by RMI. It predicts that … Continue reading Solar and Wind to Generate a Third of Global Electricity by 2030
Continue readingWind and solar power will produce a third of the world’s electricity by 2030
Rapid growth in the deployment of solar, wind and battery power means the global electricity system could deliver on an ambitious net-zero trajectory by 2030, according to a new RMI study conducted in collaboration with the Bezos Earth Fund. This rapid growth in renewable electricity is providing a wide range of benefits, including security of … Continue reading Wind and solar power will produce a third of the world’s electricity by 2030
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China on course to hit wind and solar power target five years ahead of time
China is shoring up its position as the world leader in renewable power and potentially outpacing its own ambitious energy targets, a report has found. China is set to double its capacity and produce 1,200 gigawatts of energy through wind and solar power by 2025, reaching its 2030 goal five years ahead of time, according … Continue reading China on course to hit wind and solar power target five years ahead of time
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