Chinese wind turbine exports surged more than 60% year-on-year in 2023, with manufacturers shipping more than 3.6 gigawatts of the products as they look for new growth in overseas markets, according to a new report. The locally made turbines were exported to 18 countries, with Uzbekistan, Egypt, South Africa, Laos and Chile being the top … Continue reading China Wind Turbine Exports Surged 60% in 2023
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Status of Concentrated Solar Power Plants Installed Worldwide
Solar energy is not only the most abundant energy on earth but it is also renewable. The use of this energy is expanding very rapidly mainly through photovoltaic technology. However, electricity storage remains a bottleneck in tackling solar resource variability. Thus, solar thermal energy becomes of particular interest when energy storage is required, as thermal … Continue reading Status of Concentrated Solar Power Plants Installed Worldwide
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Suzlon Group’s Girish Tanti elected to Vice-Chair of the Board of Global Wind Energy Council
Wind Industry veteran Tanti restates his commitment to driving the tripling of renewables to power a net-zero future. Girish Tanti, Vice Chairman of the Suzlon Group, has been elected Vice-Chair of the Global Wind Energy Council at the annual board meeting, held in Abu Dhabi this year. With nearly 30 years of global renewables business … Continue reading Suzlon Group’s Girish Tanti elected to Vice-Chair of the Board of Global Wind Energy Council
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Solar photovoltaic and wind energy in the third week of April
Gas and CO2 price rises drive European electricity markets, but the Iberian market resists. In the third week of April, prices rose in most major European electricity markets. The exception was the Iberian market, which had the lowest prices for the eleventh consecutive week. Gas and CO2 futures rose to prices not seen since the … Continue reading Solar photovoltaic and wind energy in the third week of April
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The world’s electric car fleet continues to grow strongly, with 2024 sales set to reach 17 million
Despite near-term challenges in some markets, based on today’s policy settings, almost 1 in 3 cars on the roads in China by 2030 is set to be electric, and almost 1 in 5 in both United States and European Union More than one in five cars sold worldwide this year is expected to be electric, … Continue reading The world’s electric car fleet continues to grow strongly, with 2024 sales set to reach 17 million
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Understanding the implications of the intermittency of renewable energy is essential for energy market participants
Electricity demand is set to surge over the coming decades as addressing climate change becomes a key focus for societies globally and the energy transition advances. At the same time, traditional fossil fuel powered generation will increasingly be phased out in favour of renewable sources. On the face of it, that’s good news for power … Continue reading Understanding the implications of the intermittency of renewable energy is essential for energy market participants
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Siemens Gamesa will install a wind turbine of around 21 MW and between 270 and 280 meters in rotor diameter
Who said we had to slow down product development? Rumors are confirmed: Siemens Gamesa will install a prototype that, pending official confirmation, will have a power of 21 MW and a rotor diameter between 270 and 280 meters. This will mean that, unless a Chinese manufacturer beats them to it, this prototype will become the … Continue reading Siemens Gamesa will install a wind turbine of around 21 MW and between 270 and 280 meters in rotor diameter
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Wind power and photovoltaic installations increase in China in the first quarter
China’s installed capacity for power generation from wind and photovoltaics rose in the first quarter, which analysts attributed to rising domestic demand as China pursues sustainable development. Analysts refuted accusations of “overcapacity” recently spread by some Western countries, noting that such increases in new energy installations demonstrated China’s efforts to meet its commitment to achieve … Continue reading Wind power and photovoltaic installations increase in China in the first quarter
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Denmark tenders 6 GW of offshore wind power
The plan outlines the ‘largest offshore wind tender in Denmark’s history.’ The Danish Energy Agency has published 6 GW in tenders in 6 offshore wind farm areas. He said this is the largest offshore wind tender in Denmark’s history. The green energy produced will be used not only for Danish consumption, but also for export … Continue reading Denmark tenders 6 GW of offshore wind power
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Europe’s first commercial-scale floating wind farm to go ahead
Scottish ministers have given the go-ahead to plans to build a floating offshore wind farm which will be the first commercial-scale project of its kind in Europe. The 35-turbine Green Volt offshore wind farm, which will be located off the coast of Aberdeenshire, will be capable of producing up to 560MW of low-carbon electricity when … Continue reading Europe’s first commercial-scale floating wind farm to go ahead
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Australia’s biggest wind power and photovoltaic auction set for May
The federal government has confirmed that the biggest tender for renewables ever held in Australia – for six gigawatts of wind and solar – will be held in May and the focus will be on NSW, where more than one third of the capacity will be reserved. The auction will be the first since federal … Continue reading Australia’s biggest wind power and photovoltaic auction set for May
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Evolving concept of energy security must address energy demand, system flexibility, technology access and infrastructure development
The transition away from fossil fuels to renewables requires a new interpretation of the concept of energy security, according to a new report by the International Renewable Energy Agency (IRENA) published today. Geopolitics of the energy transition: Energy security outlines a multi-dimensional energy security concept for the 21st century. The systemic nature of the ongoing … Continue reading Evolving concept of energy security must address energy demand, system flexibility, technology access and infrastructure development
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Inox Wind receives order for supply of 210 MW wind turbines from Hero Future Energies
Inox Wind said the order is for its state-of-the-art 3 MW wind turbine generators (WTGs) and the scope comprises equipment supply with certain add-on services. Additionally, Inox Wind will also provide post commissioning multi-year operations and maintenance services. The WTGs will be supplied to HFE from the third quarter of fiscal year 2025 (FY25) onwards … Continue reading Inox Wind receives order for supply of 210 MW wind turbines from Hero Future Energies
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Bhutan and EIB sign 150 million Euro loan for hydropower and solar photovoltaic projects
Bhutan and the European Investment Bank (EIB) signed the first-ever EIB project supporting reliable, green, energy for communities in Bhutan through a 150 million Euro loan with a tenure of 30 years. The renewable energy framework loan was signed on the margins of the International Monetary Fund and the World Bank spring meetings on April … Continue reading Bhutan and EIB sign 150 million Euro loan for hydropower and solar photovoltaic projects
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Contract signed for Norway’s first commercial offshore wind power plant
The Norwegian government has signed a contract related to the offshore wind farm in the Sørlige Nordsjø II area with Ventyr Energi, the winner of the recently held auction.Ventyr Energi, a consortium formed by Parkwind and Ingka Investments, obtained the rights to develop the wind farm in the Sørlige Nordsjø II area with a winning … Continue reading Contract signed for Norway’s first commercial offshore wind power plant
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Eversource Energy Announces Execution of Definitive Agreement with Ørsted to Sell Sunrise Wind
Eversource Energy (NYSE: ES) (“Eversource”) today announced it has finalized definitive documents regarding its previously announced agreement to sell its 50 percent ownership stake in the 924-megawatt Sunrise Wind project to Ørsted. Eversource will remain contracted, under a separate construction management agreement, to lead the onshore construction of the Sunrise Wind project following the closing. … Continue reading Eversource Energy Announces Execution of Definitive Agreement with Ørsted to Sell Sunrise Wind
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Major Global Utilities Announce Joint Intent to Scale Renewable Capacity by 2.5 times to 2030
The Utilities for Net Zero Alliance (UNEZA) adopted the UNEZA Roadmap to 2030, which targets a total increase of renewable energy capacity within their portfolios to 749GW by 2030*, an increase of 2.5 times relative to 2023. Alliance members’ joint renewables ambition was announced alongside a grid infrastructure action plan. The plan, revealed at the … Continue reading Major Global Utilities Announce Joint Intent to Scale Renewable Capacity by 2.5 times to 2030
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China widens wind power lead with new generation record
China’s wind farms produced over 100 terawatt hours (TWh) of electricity in March, the highest monthly total ever by a single country and as much as all of Europe and North America combined, data from energy think tank Ember shows. he production total was 25% more than during the same month in 2023, and helps … Continue reading China widens wind power lead with new generation record
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Statkraft supplies hydropower and wind power to Deutsche Bahn
Statkraft, Europe’s largest producer of renewable power, and Deutsche Bahn have concluded further power purchase agreements (PPAs) for the supply of green power from hydropower and onshore wind farms. From the beginning of 2027 to the end of 2034, Statkraft will supply green electricity from hydropower directly to Deutsche Bahn from its two run-of-river power … Continue reading Statkraft supplies hydropower and wind power to Deutsche Bahn
Continue readingWind energy and photovoltaic is boosting economic growth
Clean electricity accounted for around 80% of new capacity additions to the world’s electricity system in 2023, and electric vehicles for around one out of five cars sold globally. At the same time, global investment in clean energy manufacturing is booming, driven by industrial policies and market demand. Employment in clean energy jobs exceeded that … Continue reading Wind energy and photovoltaic is boosting economic growth
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