Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, affirmed that Egypt seeks to be a corridor for the transit of clean energy that the African continent enjoys. “Egypt is keen to support the efforts of African countries to access clean energy from renewable sources,” he stated, explaining that there is a plan to localize … Continue reading Investments in Egypt’s solar and wind energy approach $3.5 bln to produce 3570 megawatts
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A Just, Inclusive Transition Requires Workforce Readiness and Diversity
In today’s fast changing energy economy, renewables are building a new global workforce. With 12.7 million people employed in the clean energy sector in 2021, the renewable energy industry is becoming a job creation engine, according to IRENA’s new report on the latest global estimates of renewable energy employment. Published by IRENA in collaboration with … Continue reading A Just, Inclusive Transition Requires Workforce Readiness and Diversity
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Mass electrification only possible with heavy investment
Energy industry leaders see an urgent need for greater investment in power grids to better connect regions, secure reliable distribution of resources and meet climate targets. Three quarters (76%) of the 400 senior energy professionals contacted in 75 countries say existing grid infrastructure can’t adequately connect renewable energy sources to areas of high demand. 87% … Continue reading Mass electrification only possible with heavy investment
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Wind energy industry warns: actions not words needed to address energy security and climate crises ahead of COP27
More than 100 leading wind energy companies call on Paris Signatories to streamline planning and permitting, upgrade grid infrastructure and evolve power markets to accelerate renewable energy deployment. A global coalition of 108 leading wind energy companies and associations, representing 81% of installed wind energy worldwide, has challenged governments to take dramatic action to scale … Continue reading Wind energy industry warns: actions not words needed to address energy security and climate crises ahead of COP27
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ACP Statement on Permitting Reform Legislation
Heather Zichal, CEO of the American Clean Power Association, issued the following statement today after Senate Majority Leader Chuck Schumer (D-NY) and Sen. Joe Manchin (D-WV) introduced new legislation regarding permitting reform: “We applaud Senators Schumer and Manchin for moving forward with legislation to improve the nation’s outdated system for permitting critical energy infrastructure. Making common-sense … Continue reading ACP Statement on Permitting Reform Legislation
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Photovoltaic, concentrated solar power and wind energy in European electricity markets
European electricity markets prices continued to fall thanks to wind energy and lower gas prices. In the third week of September, European electricity markets prices fell in a generalised way, continuing the trend of the two previous weeks. The drop in gas prices was once again one of the causes of these declines, to which … Continue reading Photovoltaic, concentrated solar power and wind energy in European electricity markets
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The renewable energy auction of electro?intensive consumers is scheduled for the first quarter of 2023
The situation of electro?intensive consumers in the midst of the energy crisis is very delicate. Given the lack of offers at sufficiently competitive prices, the electro?intensive industry is preparing its own PPA auction for renewable energy projects to cover part of its electricity demand for the next twelve years. On September 15, the 25th edition … Continue reading The renewable energy auction of electro?intensive consumers is scheduled for the first quarter of 2023
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Diversify the production of solar panels
A new report by the International Energy Agency (IEA) calls for the diversification of the solar energy supply chain, which is currently concentrated in Asia, and an increase in production in other countries – as EGP is doing in Catania – in order to meet decarbonization targets in time. Over the last ten years, the … Continue reading Diversify the production of solar panels
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International ‘Collaboration Gap’ Threatens to Undermine Climate Progress and Delay Net Zero
New report sets out urgent priorities to rapidly make more clean technologies the most affordable options in key sectors. Against the backdrop of the energy crisis and the threat of a global food crisis, expert authors urge leaders at COP27 to follow through on actions that would accelerate progress towards net zero emissions by decades, … Continue reading International ‘Collaboration Gap’ Threatens to Undermine Climate Progress and Delay Net Zero
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Iberdrola obtains environmental impact statement for new 375 MW photovoltaic plant in Spain
Iberdrola has obtained the Environmental Impact Statement (EIS) for the construction of a new 375 MW photovoltaic project in the town of Cedillo in Cáceres. This new plant will have sufficient capacity to supply 178,000 homes with clean energy, more than the population of a city like Badajoz, and will prevent the emission of 77,000 … Continue reading Iberdrola obtains environmental impact statement for new 375 MW photovoltaic plant in Spain
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Naturgy builds 683 MW of wind and solar power in Spain
The company currently has 20 wind farms and photovoltaic projects under construction and will start work on another 9 facilities in the coming weeks, with a total investment of 528 million euros.The company continues with its strategy of developing a portfolio of renewable generation projects, which will be added to the 5.3 GW of installed … Continue reading Naturgy builds 683 MW of wind and solar power in Spain
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Report identifies the likely winners and losers in green energy’s ‘Age of Inflation’
European renewable energy asset holders and investors must rapidly re-evaluate their strategies and business models, faced with inflationary and supply chain pressures, alongside ongoing regulatory uncertainty driven by the energy crisis. This is according to digital investment platform, RealPort, whose special report Winning in Green Energy’s Age of Inflation, launched today, outlines the attributes that … Continue reading Report identifies the likely winners and losers in green energy’s ‘Age of Inflation’
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Concentrated Solar Power, photovoltaic and wind energy in european electricity markets?
Second consecutive week of decreases in gas, CO2 and European electricity markets prices. In the second week of September, European electricity markets prices fell in a generalised way, a trend that started the previous week. Declines were also registered in most European electricity futures markets. This behaviour was favoured by the decrease in gas and … Continue reading Concentrated Solar Power, photovoltaic and wind energy in european electricity markets?
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Acciona Energía and The Blue Circle partner to drive growth in Southeast Asia
The Blue Circle has 84MW in operation and 3.8GW of wind projects under development in Vietnam, Thailand, Philippines, Cambodia, Indonesia, Laos and Sri Lanka. ACCIONA Energía, the world’s largest 100% renewable power company with no fossil legacy, has agreed to enter into a strategic partnership with The Blue Circle, a Singapore-based leading developer of wind … Continue reading Acciona Energía and The Blue Circle partner to drive growth in Southeast Asia
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ASEAN Can Cover Two-Thirds of Energy Demand with Renewables
Southeast Asian countries can meet their growing energy demand with renewables and cut 75% of their energy-related CO2 emissions by 2050, half of the emissions compared to today. Released by the International Renewable Energy Agency (IRENA) during the ASEAN Energy Ministerial, the 2nd edition of the Renewable Energy Outlook for ASEAN: Towards a regional energy … Continue reading ASEAN Can Cover Two-Thirds of Energy Demand with Renewables
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Pumping is adapting its consumption profile to the increase in photovoltaic energy
The rapid growth of solar photovoltaic energy in Spain is creating opportunities in the electricity market. The most widespread technology currently used to store energy, pumping power plants, is changing its consumption pattern to take advantage of these opportunities. The energy transition will create new opportunities like this one that will be exploited by new … Continue reading Pumping is adapting its consumption profile to the increase in photovoltaic energy
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Emergency measures on electricity market: avoid a patchwork that undermines renewables investments
The European Commission has proposed new rules that would cap the price of wind energy and other so-called inframarginal power generation at €180/MWh. WindEurope supports the aim of cushioning the impact of high electricity prices on families and businesses. But national caps that deviate from an EU-wide cap would create a patchwork that would undermine investments … Continue reading Emergency measures on electricity market: avoid a patchwork that undermines renewables investments
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U.S. Grid-Scale Energy Storage Market Beats Q2 Record
The U.S. energy storage market set a new record in the second quarter of 2022, with grid-scale installations totaling 2,608 megawatt hours (MWh) – the highest installed capacity for any Q2 on record, according to a new report released today. According to Wood Mackenzie, a Verisk business (Nasdaq: VSK), and the American Clean Power Association’s … Continue reading U.S. Grid-Scale Energy Storage Market Beats Q2 Record
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Solar energy – harnessing the power of the sun
Solar power is a cheap, clean, modular and flexible energy source. It is currently one of the cheapest renewable energies on the market and the most accessible one for European households. In 2020, 5.2% of the EU’s total electricity production came from solar energy. Based on current market trends, it has the potential to meet … Continue reading Solar energy – harnessing the power of the sun
Continue readingSwitching from fossil fuels to renewable energy could save the world as much as $12tn by 2050
Switching from fossil fuels to renewable energy could save the world as much as $12tn (£10.2tn) by 2050, an Oxford University study says. The report said it was wrong and pessimistic to claim that moving quickly towards cleaner energy sources was expensive. Gas prices have soared on mounting concerns over energy supplies. But the researchers … Continue reading Switching from fossil fuels to renewable energy could save the world as much as $12tn by 2050
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