Iberdrola has launched an offer to acquire 18.4% of the capital of its US subsidiary, Avangrid. As reported by the company to the National Securities Market Commission (CNMV), the company is offering $34.25 per share, which represents a premium of approximately 10% compared to the weighted average share price of the last 30 days. Currently, … Continue reading Iberdrola launches an offer to acquire 18.4% of its US subsidiary Avangrid
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American Clean Power Statement on State of the Union
The American Clean Power Association (ACP) released the following statement from ACP Chief Executive Officer Jason Grumet after President Joe Biden delivered his annual State of the Union address: “Tonight, President Biden underscored our nation’s record-breaking production of clean, secure American energy. Clean energy is powering more American homes and businesses than ever before and … Continue reading American Clean Power Statement on State of the Union
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Production start at the Mendubim photovoltaic plant in Brazil
The 531 MW Mendubim solar plant in Brazil has come into operation. This marks a 30% increase in Equinor’s equity power production in Brazil. “Mendubim represents an important contribution to Equinor’s diversified energy offering in Brazil that includes a robust oil and gas portfolio and an attractive renewables position,” says Veronica Coelho, Equinor’s country manager … Continue reading Production start at the Mendubim photovoltaic plant in Brazil
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German company ready to build photovoltaic power plants in Kyrgyzstan
The head of the Chamber of Commerce and Industry of Kyrgyzstan, Temir Sariev, met with representatives of the German company W. Hass Future GmbH & Co. This was reported by the press service of the Chamber of Commerce and Industry, Azernews reports citing the 24.kg news agency. The company was founded in 2017 and specializes … Continue reading German company ready to build photovoltaic power plants in Kyrgyzstan
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Solar photovoltaic and wind energy in February
European electricity markets in February reached their lowest prices since the first half of 2021. In February, prices in the main European electricity markets fell, most of them reaching the lowest levels since the first half of 2021. Photovoltaic energy reached the production record for a February month in Spain and Portugal, a milestone that … Continue reading Solar photovoltaic and wind energy in February
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Record Year for U.S. Clean Power Installations in 2023
Solar photovoltaic, storage drive historic level of installs. Energy storage rising star, closing in on new natural gas installations. Clean energy pipeline swells to all-time high, signaling robust future. The American Clean Power Association (ACP) released its Clean Power Annual Market Report today, highlighting a landmark year for U.S. clean energy with more capacity installed … Continue reading Record Year for U.S. Clean Power Installations in 2023
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Germany: 56 percent of electricity came from wind (31%) and photovoltaics (12%) in 2023
Wind energy was the main source at 31 percent, a year-on-year increase of 13.8 percent.Renewable sources generated 2023 percent of the electricity produced and injected into the grid in Germany in 56, the total of which amounted to 449.8 billion kilowatt hours, down 11.8 percent in annual terms. These are the preliminary results published by … Continue reading Germany: 56 percent of electricity came from wind (31%) and photovoltaics (12%) in 2023
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Wind energy drives Spanish electricity market prices to their lowest week ever
In the week of February 26, prices in the European electricity markets were higher than in the previous week. The exception was the Iberian market, where prices fell and were the lowest, something that has been happening since February 18. Weekly Iberian wind energy production was the highest since October, which led to the lowest … Continue reading Wind energy drives Spanish electricity market prices to their lowest week ever
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China photovoltaic (PV) industry ranks first in globe
China’s photovoltaic industry absolutely ranks first in the globe in terms of not only market size, technology level, production and manufacturing, but also completeness of the industrial chain. “I’m firmly convinced that the month-on-month decline in PV product exports will not be a long-term trend, but a volatile upward growth trend,” Liu Yiyang, Deputy Secretary … Continue reading China photovoltaic (PV) industry ranks first in globe
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Wind power continues to be the generation leader in Spain with 31.2% of the total in February and photovoltaic power reaches 11.3%
National electricity demand experienced an increase of 0.8% in February compared to the same month of the previous year, once the effects of temperature and calendar were discounted. In gross terms, a demand of 20,058 GWh is estimated, 1.8% lower than that of February 2023.Evolution of monthly demand in Spain until February 2024. In the … Continue reading Wind power continues to be the generation leader in Spain with 31.2% of the total in February and photovoltaic power reaches 11.3%
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France reaches 20 GW of photovoltaics (PV)
France reaches milestone with 20 GW of solar PV capacity in 2023, demonstrating its commitment to renewable energy. Regional contributions and future perspectives are highlighted.France has marked an important milestone in its renewable energy journey by connecting approximately 955 MW of new photovoltaic systems to the grid in the last quarter of 2023, according to … Continue reading France reaches 20 GW of photovoltaics (PV)
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Dismantling myths surrounding wind energy
Pedro Fresco presents his book Energy Fakes and dismantles some common myths about wind energy. The myths and mythologies that surround wind energy are not much different from those spread about photovoltaics. Renewable energies, in general, are the target of certain groups with political, economic, or personal interests who do not want a transition to … Continue reading Dismantling myths surrounding wind energy
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China needs 10 times its photovoltaic and wind energy to eliminate its CO2 emissions
According to a simulation model, almost 6 terawatts of renewable energy will be needed for the country to reach that goal in 2060.80 percent of solar PV and 55 percent of wind power will need to be installed within a 100-kilometer radius of major load centers to meet demand. China will need nearly 6 terawatts … Continue reading China needs 10 times its photovoltaic and wind energy to eliminate its CO2 emissions
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Global ranking of photovoltaic modules in 2023
Demand in 2023 remained strong despite market disruptions by supply and inventory issues in the second half of the year. Shipment volumes of the list of manufacturers increased significantly, up by 78% YoY. There is a clear distinction among module makers, with top-ranked companies remained the same as the previous year, but the second-ranked companies … Continue reading Global ranking of photovoltaic modules in 2023
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Italy is installing a large floating hybrid photovoltaic and wind power plant in the sea
A 540 megawatt (MW) hybrid floating wind and photovoltaic floating wind farm will be developed off the southern coast of Italy in the Ionian Sea. Dutch-Norwegian solar company SolarDuck, Italian investment fund Arrow Capital and Italian developer New Developments are jointly developing the Corigliano project, which will be in the Gulf of Taranto, off the … Continue reading Italy is installing a large floating hybrid photovoltaic and wind power plant in the sea
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Major growth of clean energy limited the rise in global emissions in 2023
Global energy-related CO2 emissions increased as exceptional droughts hit hydropower, but rise was lower than in 2022 thanks to expansion of technologies such as solar, wind & EVs. Global energy-related carbon dioxide (CO2) emissions rose less strongly in 2023 than the year before even as total energy demand growth accelerated, new IEA analysis shows, with … Continue reading Major growth of clean energy limited the rise in global emissions in 2023
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Acciona posts €541 million net profit (+22.6%), invests €3.32 billion (+66%)
ACCIONA posted a net profit of €541 million (+22.6%) in 2023. The company’s full-year results reflect a good performance in its Infrastructure division, the successful achievement of targets as previously announced by ACCIONA Energía and the impact of the full consolidation of Nordex and Renomar, in which the group acquired majority stakes last year. Total … Continue reading Acciona posts €541 million net profit (+22.6%), invests €3.32 billion (+66%)
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Alter Enersun develops 1,000 MW of photovoltaic and wind power to supply the grid and hydrogen projects in Huelva
Alter Enersun develops 1000 MW of photovoltaic and wind energy to supply the grid and hydrogen projects in HuelvaThe projects will provide renewable energy on a self-consumption basis without surpluses, will require an investment of around 700 million euros and will be built between 2023 and 2028.The plan includes the construction of a total of … Continue reading Alter Enersun develops 1,000 MW of photovoltaic and wind power to supply the grid and hydrogen projects in Huelva
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Solar photovoltaic (PV) hit record level, China leads
In a groundbreaking revelation, a report from the International Energy Agency (IEA) has highlighted a remarkable surge in global solar photovoltaic (PV) capacity additions, soaring by over 80 percent between 2022 and 2023. The report underscores a seismic shift towards renewable energy sources, with solar power leading the charge. China emerges as the dominant player … Continue reading Solar photovoltaic (PV) hit record level, China leads
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EDP Renewables year-end with 16.6 GW of installed renewable capacity, an increase of 12% compared to year-end 2022
The company has added 2.5 GW of renewable capacity throughout 2023, close to 1.5 GW of which corresponds to solar utily-scale projects, in line with the targets set out in its 2023-2026 business plan. The commissioning of hybrid projects in Portugal, Poland and Spain, as well as the implementation of 16 MW of storage in … Continue reading EDP Renewables year-end with 16.6 GW of installed renewable capacity, an increase of 12% compared to year-end 2022
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