Gas and CO2 prices continued their downward trend in the fourth week of May, which led to a general downward trend in prices in European electricity markets and several negative hourly prices were registered, which reached -€400/MWh in Netherlands. The notable exception of the Iberian market, with a rise in prices, came from the fall … Continue reading Negative prices continue to appear in the electricity markets while gas prices continue to fall and solar photovoltaic energy production sets new records
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ACP Statement on Debt Ceiling Agreement
The American Clean Power Association (ACP) today released the following statement by CEO Jason Grumet following negotiations to secure a compromise deal on the debt ceiling. “ACP applauds President Joe Biden and Speaker Kevin McCarthy for prioritizing national interests over partisan politics and acting to secure a compromise on the debt ceiling that protects the … Continue reading ACP Statement on Debt Ceiling Agreement
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Boosting the Global Geothermal Market
Alongside the increasing demand for electricity being driven by economic growth, the global demand for sustainable heat is also increasing. This demand has led to a growing trend in the use of geothermal resources for heating and cooling applications where technically and economically feasible. Since 2000, the geothermal sector has grown at an average rate … Continue reading Boosting the Global Geothermal Market
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Spain does not take advantage of the full potential of wind and solar energy due to lack of storage
The Spanish electrical system wastes an important – and growing – part of its potential for electricity from renewable sources. It is a fact that worries experts. The system dispenses with windmills or solar plants, or orders their operation to stop because there is not enough demand to absorb that supply. Given the current low … Continue reading Spain does not take advantage of the full potential of wind and solar energy due to lack of storage
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China’s newly installed capacity of wind, photovoltaic power rises
China saw a steady increase in the newly installed capacity of clean energy in the first four months of 2023, as the country stepped up efforts to ensure sufficient energy supply and cut emissions. China’s newly installed capacity of wind and photovoltaic power reached 62.51 million kW from January to April, data from the National … Continue reading China’s newly installed capacity of wind, photovoltaic power rises
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Germany: Statkraft grows with green hydrogen, wind and solar power
Statkraft, Europe’s largest producer of renewable energy, is on a growth path. At this year’s E-world energy & water in Essen, the Norwegian energy company announced its expansion targets for the German market. Statkraft will be instrumental in increasing the share of renewable energy in Germany by 2030 and supporting the market ramp-up of green … Continue reading Germany: Statkraft grows with green hydrogen, wind and solar power
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Each MW of concentrated solar power can replace each MW of natural gas and achieve the decarbonization of the electricity sector
Each MW of solar thermal power can replace each MW of gas and achieve a total transition of the electricity sector, which would imply the substitution of current natural gas plants, as can be seen from the study carried out by Protermosolar in collaboration with the Comillas Pontifical University, which analyzes the technical and economic … Continue reading Each MW of concentrated solar power can replace each MW of natural gas and achieve the decarbonization of the electricity sector
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Scaling Up Renewables to Empower Lives and Livelihoods Requires an Integrated Effort
Over 2.5 billion people worldwide rely on agriculture for their livelihoods, making the sector a key driver for development. It is estimated that 1 billion people use health facilities without electricity, while others must access facilities suffering from an unreliable electricity supply. Over the years, the International Renewable Energy Agency (IRENA) has steadily increased its … Continue reading Scaling Up Renewables to Empower Lives and Livelihoods Requires an Integrated Effort
Continue readingNew episodes of negative or zero prices in European electricity markets
In the third week of May, negative or zero hourly prices were registered in most of the European electricity markets, especially during the weekend. In the Nord Pool market, the value of -€5.67/MWh registered in an hour of Sunday 21 is the lowest one in history. For the week as a whole, prices decreased in every … Continue reading New episodes of negative or zero prices in European electricity markets
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2022 Marks Third-Highest Year for U.S. Utility-Scale Solar, Wind, and Storage Installations
Over 25 Gigawatts of New Clean Power Installed in 2022, but Hurdles Are Delaying Over 60 Gigawatts Through Q1 202311% growth in the now nearly 140 gigawatt (GW) development pipeline reflects promise of new federal policies, while historically low Q4 2022 and Q1 2023 installations demonstrate lingering headwindsTotal clean power installations declined in 2022 for … Continue reading 2022 Marks Third-Highest Year for U.S. Utility-Scale Solar, Wind, and Storage Installations
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Manufacturing plans for key clean energy technologies are expanding rapidly as investment momentum builds
ve scheme, these policies are transforming industrial policy geared toward clean energy technology. G7 governments have already recognised the importance of building resilient, secure and sustainable supply chains to accelerate the clean energy transition and reduce vulnerabilities associated with undue dependencies. There is much countries can do domestically to proactively address the risks posed to … Continue reading Manufacturing plans for key clean energy technologies are expanding rapidly as investment momentum builds
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ACP Statement on Draft Promoting Efficient and Engaged Reviews (PEER) Act
Today, American Clean Power Association (ACP) CEO Jason Grumet released a statement following the release of a discussion draft of Sen. Tom Carper’s (D-DE) Promoting Efficient and Engaged Reviews (PEER) Act: “Sen. Carper’s PEER Act is an encouraging step forward to advance the deployment of clean energy and transmission in the United States. This proposal … Continue reading ACP Statement on Draft Promoting Efficient and Engaged Reviews (PEER) Act
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Photovoltaic and wind energy are unstoppable in Europe in 2023
Between January 1 and May 15, 2023, photovoltaic energy production records were registered in almost all main European electricity markets when compared to the production of this period of the previous five years. These records are the result of the increase in installed capacity registered by this technology. The wind energy, which also increased its … Continue reading Photovoltaic and wind energy are unstoppable in Europe in 2023
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Repsol will develop wind and solar projects totaling more than 1,700 MW in Italy
The company has a portfolio in the country of 943 MW of wind power and 825 MW of solar power, of which more than 60% are in an advanced stage of processing.Repsol will soon begin construction of its first two photovoltaic solar plants in Italy, specifically in the Puglia region.Italy is one of the countries … Continue reading Repsol will develop wind and solar projects totaling more than 1,700 MW in Italy
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ACP Names Frank Macchiarola Chief Policy Officer
The American Clean Power Association (ACP) today announced that Frank Macchiarola will join the organization as Chief Policy Officer. Macchiarola currently serves as Senior Vice President of Policy, Economics and Regulatory Affairs at the American Petroleum Institute. In his new role at ACP, he will lead a policy team working to develop the regulatory and … Continue reading ACP Names Frank Macchiarola Chief Policy Officer
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Avangrid strengthens support for energy innovation by extending collaboration with Yale
AVANGRID will support research projects focused on solar energy, battery storage, EVs, or other topics related to the clean energy transition. AVANGRID (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, today announced a meaningful contribution to Yale University to support innovative research projects focused on advancing the clean energy transition. … Continue reading Avangrid strengthens support for energy innovation by extending collaboration with Yale
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ACP Statement on President Biden’s Veto of Auxin CRA
Following President Biden’s veto of H.J. Res. 39 to overturn the waiver on solar tariffs from Southeast Asia, American Clean Power Association (ACP) CEO Jason Grumet issued the following statement: “The American Clean Power Association applauds President Biden for standing up for American workers by vetoing this misguided, job-killing legislation. Our nation’s solar industry has … Continue reading ACP Statement on President Biden’s Veto of Auxin CRA
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Naturgy incorporates 900 MW of wind and solar energy with the purchase of Ardian’s assets in Spain
The energy company acquires from the Ardian infrastructure fund its portfolio of 422 MW of wind power already operational in Spain, as well as the hybridization projects on the same plants that add up to an additional 435 MW of solar power and are in an advanced state of development.In this way, Naturgy boosts its … Continue reading Naturgy incorporates 900 MW of wind and solar energy with the purchase of Ardian’s assets in Spain
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Statkraft supplies ALPLA with solar and wind power through a 10-year PPA
Statkraft, Europe’s largest producer of renewable energy, and ALPLA, an international packaging manufacturer, have signed two long-term power purchase agreements (PPAs) for wind and solar with an annual volume of 76 GWh and a term of 10 years. The green electricity is generated in six solar parks and one wind farm from Statkraft’s renewable energy … Continue reading Statkraft supplies ALPLA with solar and wind power through a 10-year PPA
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IRENA Launches Report for the G20 on Low-Cost Energy Transition Finance
The International Renewable Energy Agency (IRENA), in partnership with the Indian G20 Presidency, launched a comprehensive report today on how low-cost finance can accelerate the energy transition. Titled “Low-Cost Energy Transition Finance”, and developed in close collaboration with India’s Ministry of New and Renewable Energy (MNRE), the report provides a toolbox to increase the availability … Continue reading IRENA Launches Report for the G20 on Low-Cost Energy Transition Finance
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