In the week of January 29, average prices in most major European electricity markets were similar to the previous week. Solar energy production continued to increase in most markets as the days got longer, while wind energy production was generally lower than the previous week. Demand decreased in almost all markets. CO2 futures continued to … Continue reading Solar photovoltaic and wind energy in the fifth week of 2024
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Renewables generated 52.1%, with wind power being the first source of generation in Spain and photovoltaic 7%.
The demand for electrical energy in Spain increases 1.1% in January. Renewables generated 52.1%, up to 12,202 GWh of electricity, with wind power being the first source of generation in Spain for the fourth consecutive month with 24.6% of all electricity production for the monthFor their part, technologies free of CO2 equivalent emissions represented 75.3% … Continue reading Renewables generated 52.1%, with wind power being the first source of generation in Spain and photovoltaic 7%.
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Investments in wind power and photovoltaic energy increase by 17% and reach $1.8 trillion in 2023
Inputs break records, but are still insufficient for the world to achieve the goals stipulated in the Paris AgreementGlobal investments in renewable energy increased by 17% and totaled around $1.8 trillion in 2023, according to a BloombergNEF report. This figure represents a new record level of annual investment in the energy transition, even in a … Continue reading Investments in wind power and photovoltaic energy increase by 17% and reach $1.8 trillion in 2023
Continue readingUnprecedented renewables growth keeps 2030 tripling dream alive – IEA’s Heymi Bahar
The world added 50% more renewable capacity in 2023 than in 2022, with the next five years set to see the fastest growth yet. China and solar photovoltaic (PV) were the stars of the show. Energy Monitor interviews Heymi Bahar, co-author of the IEA’s Renewables 2023 report. Renewable energy around the world is expanding faster … Continue reading Unprecedented renewables growth keeps 2030 tripling dream alive – IEA’s Heymi Bahar
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The economics of wind and photovoltaics (PV) demand massive investments in integration now
The expansion of renewable energy and electrification is growing rapidly in many parts of the world as momentum behind the global energy transition gathers pace. While the renewable energy technologies driving this change are well-known and, in many cases, cost competitive with fossil fuels, the fundamental infrastructure required for their deployment is lagging. Insufficient grid … Continue reading The economics of wind and photovoltaics (PV) demand massive investments in integration now
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Clean sources of generation are set to cover all of the world’s additional electricity demand over the next three years
Global electricity demand is expected to grow at a faster rate over the next three years as the clean energy transition gathers speed, with all the additional demand forecast to be covered by technologies that produce low-emissions electricity, according to a new report from the IEA. Electricity 2024 is the latest edition of the IEA’s … Continue reading Clean sources of generation are set to cover all of the world’s additional electricity demand over the next three years
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Europe sets course for cooperation on cross-border offshore wind energy grids
Today the European Network of Transmission System Operators for Electricity (ENTSO-E) published EU Offshore Network Development Plans (ONDPs). The ONDPs are the first comprehensive cross-border review of existing offshore grid capacity and future offshore grid requirements at sea basin level. They will help to accelerate the expansion of offshore wind and facilitate the deployment of … Continue reading Europe sets course for cooperation on cross-border offshore wind energy grids
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World’s most advanced battery energy storage system comes online, speeding Hawaii’s transition to 100% renewable energy
Plus Power™ announced it has begun operating its Kapolei Energy Storage facility on Oahu, Hawaii, the most advanced grid-scale battery energy storage system in the world, helping transition the state’s electric power from coal and oil to solar photovoltaic and wind power. “This is a landmark milestone in the transition to clean energy,” said Brandon Keefe, Plus Power’s Executive … Continue reading World’s most advanced battery energy storage system comes online, speeding Hawaii’s transition to 100% renewable energy
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ScottishPower unveils £5.4bn worth of contract opportunities as it turbo charges its next phase of electricity network investment
The early new year boost for the supply chain by its SP Energy Networks business is the company’s biggest issued contract opportunity ever and will see major investment in green energy infrastructure and green jobs which will bolster the grid for decades to come. With electricity demand forecast to double in the next 10 years, … Continue reading ScottishPower unveils £5.4bn worth of contract opportunities as it turbo charges its next phase of electricity network investment
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South Africa’s big plan to end load shedding is seriously flawed
South Africa experienced unprecedented electricity shortages in 2023 as ageing coal plants became increasingly prone to breakdowns. The country urgently needs to develop new electricity generation facilities and reduce reliance on coal power. In the first week of 2024, the South African energy minister, Gwede Mantashe, released a proposed roadmap for the future of electricity in South … Continue reading South Africa’s big plan to end load shedding is seriously flawed
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Wind curtailment: An opportunity for battery energy storage?
The UK continues to scale up its renewable generation capacity, with the technology hitting various key milestones of late. For instance, the end of 2023 saw wind generation achieve a new national record with 21.8GW generated between 8:00 and 8:30 on the 21 December. As such, wind energy managed to secure a 56% stake in … Continue reading Wind curtailment: An opportunity for battery energy storage?
Continue readingRenewable energy fails in Southern Europe in the last week of the year
The last week of the year 2023 registered the expected drop in demand due to the Christmas holiday period. Increased solar energy production in countries such as Germany and France contributed to price declines in the EPEX SPOT market. However, wind and solar energy production fell in Italy and the Iberian Peninsula, contributing to price … Continue reading Renewable energy fails in Southern Europe in the last week of the year
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The largest electrical cable in the world allows sharing wind energy 765 km away
Viking Link is the largest HVDC interconnector in the world. Or in other words, the longest electrical cable, 765 km long and connecting the electrical networks of the United Kingdom and Denmark. This is a high-voltage submarine cable, buried in the seabed, which will have the future capacity to power 1.4 million British homes from … Continue reading The largest electrical cable in the world allows sharing wind energy 765 km away
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Prysmian Group announces the successful commissioning of the inter-array cable system for the Fécamp offshore wind farm
Prysmian Group, world leader in the energy and telecom cable systems industry, announces the successful commissioning of the inter-array cable system for the Fécamp offshore wind farm, located in the English Channel, some 24 km off the French coast, in Normandy (Seine Maritime department). The Fécamp offshore wind farm is composed of 71 WTGs with … Continue reading Prysmian Group announces the successful commissioning of the inter-array cable system for the Fécamp offshore wind farm
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Pattern Energy Closes $11 Billion Financing of Largest Clean Energy Infrastructure Project in U.S. History
Full construction underway on SunZia Transmission and SunZia Wind, bringing clean power to 3 million Americans and over $20 billion in expected economic impacts. Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, … Continue reading Pattern Energy Closes $11 Billion Financing of Largest Clean Energy Infrastructure Project in U.S. History
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U.S. Department of Energy Top Clean Energy Accomplishments in 2023
In 2023, the U.S. Department of Energy (DOE) made monumental strides in advancing the clean energy goals of the Biden-Harris Administration. Through hundreds of funding announcements to make clean energy more accessible in every state, investments in scientific research, historic groundbreakings, and celebratory ribbon cuttings, DOE has been hard at work to combat the climate … Continue reading U.S. Department of Energy Top Clean Energy Accomplishments in 2023
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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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Acciona to develop one of Australia’s largest green power grids
ACEREZ, a consortium formed by ACCIONA, Cobra and Endeavour Energy, has signed an agreement with EnergyCo — the government agency responsible for developing Renewable Energy Zones (REZ) in New South Wales — to become the preferred network operator that will design, finance, build and operate the electric power transmission network in the Central-West Orana REZ. … Continue reading Acciona to develop one of Australia’s largest green power grids
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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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EU Grid Action Plan will help wind power, but urgent action needed on excessive connection queues
Today the EU Commission launched an Action Plan for Grids – a 14-point plan to modernise Europe’s electricity grid and prepare for the renewables-based electrification of the energy system. It says €584bn of new investments are required by 2030 to upgrade Europe’s grids. Absolutely. And these investments can’t come soon enough. The current grid can’t accommodate … Continue reading EU Grid Action Plan will help wind power, but urgent action needed on excessive connection queues
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