The US region saw 10% YoY increase to more than 37 GWdc of shipments in 2023. Global PV tracker shipments grew by 28% in 2023 to 92 gigawatts direct current (GWdc), reflecting a strong year for utility-scale solar in most regions across the world. The top ten vendors accounted for 90% of the global market … Continue reading Global photovoltaic (PV) tracker shipments grew by 28% in 2023 to 92 GWdc
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DOE Announces $33 Million to Deploy Solar Technologies to Decarbonize America’s Industrial Sector
Nine Projects Across Seven States Will Support Solar-Powered Production of Hydrogen and Lower Emissions from the Aviation, Food and Beverage, and Other Sectors. In support of the Biden-Harris Administration’s Investing in America agenda , the U.S. Department of Energy (DOE) today announced $33 million for nine projects across seven states to advance concentrating solar-thermal (CST) … Continue reading DOE Announces $33 Million to Deploy Solar Technologies to Decarbonize America’s Industrial Sector
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European market prices continue their upward trend in summer while photovoltaic energy registered records in Portugal and France
In the third week of July, prices in most major European electricity markets continued to rise compared to the previous week. However, the drop in prices over the weekend meant that weekly price increases did not exceed 10%. Portugal broke the historical record for photovoltaic energy production again on July 16, while on July 18, … Continue reading European market prices continue their upward trend in summer while photovoltaic energy registered records in Portugal and France
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Infinity Power to develop 1 GW photovoltaic, wind energy, hydro, battery storage in Sierra Leone by 2033
Infinity Power, a joint venture between Netherlands-headquartered Infinity Group and UAE-based Masdar, announced on Monday that it has signed a Memorandum of Understanding (MOU) with Sierra Leone to develop 1-gigawatt (GW) of renewable energy capacity in the West African country in phases by 2033. Infinity Power said in a statement that it will collaborate closely … Continue reading Infinity Power to develop 1 GW photovoltaic, wind energy, hydro, battery storage in Sierra Leone by 2033
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Re-elected EU Commission President commits to clean industrial deal
‘The future of our prosperity must be made in Europe’ – WindEurope welcomes EU Commission President Ursula von der Leyen’s commitment to home-grown renewables as part of the agenda for her second mandate. It’s great she’s announced a new Clean Industrial Deal. Europe’s energy intensive industries want to decarbonise. And they want to do it … Continue reading Re-elected EU Commission President commits to clean industrial deal
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Acciona Energía signs PPA with Iberostar Group for the supply of renewable electricity in Spain
ACCIONA Energía announced today a new power purchase agreement (PPA) to supply 80GWh/year of 100% renewable electricity to Iberostar Group for 11 years. The supply will cover all the electricity requirements of Iberostar offices and hotels, and those of its World2meet travel division, throughout Spain. The electricity will come from ACCIONA Energía’s renewable energy facilities … Continue reading Acciona Energía signs PPA with Iberostar Group for the supply of renewable electricity in Spain
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Concentrated Solar Power plant generates electricity by chasing sunlight 24 hours a day
In Guazhou County of northwest China’s Gansu Province, a Concentrating Solar Power with energy storage power station can generate power for 24 hours non-stop. Its main project has begun commissioning and will be put into operation by the end of this year, according to the China Three Gorges Corporation. The solar thermal energy storage power … Continue reading Concentrated Solar Power plant generates electricity by chasing sunlight 24 hours a day
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Curtailment: Europe throws 4,260 million of wind power and photovoltaic energy through the grid
Green energy discharges reach historic highs and are now equivalent to all Spanish photovoltaic production in three months European electricity networks cannot cope. The huge amount of new renewable power to meet ambitious decarbonization goals is putting stale electricity transmission systems in a difficult position. Transportation, through electrical networks that are clearly insufficient, needs modernization … Continue reading Curtailment: Europe throws 4,260 million of wind power and photovoltaic energy through the grid
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Peru has 35 photovoltaic and wind power projects in its portfolio
The Minister of Energy and Mines, Rómulo Mucho, indicated today that there is a portfolio of 35 renewable energy projects that can be developed in Peru. “We have almost 35 renewable energy projects, but that also has to require a series of permits,” he said on TV Perú. Rómulo Mucho indicated that, for this year, … Continue reading Peru has 35 photovoltaic and wind power projects in its portfolio
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World’s first dual-tower Concentrated Solar Power plant boosts efficiency by 24%
Two 650-foot-tall (200-m) towers have risen in China’s Gansu Province. Combined with an array of 30,000 mirrors arranged in concentric circles, the new facility is expected to generate over 1.8 billion kilowatt-hours of electricity every year.While photovoltaic panels that directly convert sunlight to electricity are what most people think of when they hear the term … Continue reading World’s first dual-tower Concentrated Solar Power plant boosts efficiency by 24%
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Africa’s Biggest Solar Energy Projects
Africa receives more bright sunlight than any other continent, highlighting its massive potential for solar energy solutions to bridge energy gaps. Countries already harness this abundant resource to drive sustainable development, reduce fossil fuel reliance, and boost economic growth. Here are the top ten largest operational solar energy projects across the continent. With the shift … Continue reading Africa’s Biggest Solar Energy Projects
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Photovoltaic and wind energy in the second week of July
In the second week of July, prices in the main European electricity markets rose compared to the previous week. These increases were favored by the drop in wind energy production and the increase in temperatures, which caused demand to rise in most markets. Almost all markets registered negative prices in some hours. Solar energy production … Continue reading Photovoltaic and wind energy in the second week of July
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Energy storage: global capacity to increase by 1 TW by 2033
Global energy storage capacity – excluding pumped hydropower – will increase by almost 1 TW between 2024 and 2033, representing an increase of 636%. Tax incentives and hybrid auctions will accelerate the expansion of the technology around the world. According to consulting firm Wood Mackenzie in its latest report, this makes this technology one of … Continue reading Energy storage: global capacity to increase by 1 TW by 2033
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EU Member States must take urgent action on NECPs and overriding public interest
On 30 June two significant deadlines passed. First, Member States had to submit their revised National Energy and Climate Plans (NECPs) to the European Commission. Second, Governments had to implement the permitting provisions under the new Renewable Energy Directive (REDIII). On both fronts Member States are lagging behind. They must take urgent action. Otherwise the … Continue reading EU Member States must take urgent action on NECPs and overriding public interest
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Tripling renewable energy by 2030 requires a minimum annual growth rate of 16.4%
The Renewable Energy Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that despite renewables becoming the fastest growing source of power, the world risks missing the tripling renewables target pledged at COP28. To stay the course, the world will now have to grow renewables capacity at a minimum 16.4% rate annually … Continue reading Tripling renewable energy by 2030 requires a minimum annual growth rate of 16.4%
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Renewable energy statistics 2024
The International Renewable Energy Agency (IRENA) produces comprehensive, reliable datasets on renewable energy capacity and use worldwide. Renewable energy statistics 2024 provides datasets on power-generation capacity for 2014-2023, actual power generation for 2014-2022 and renewable energy balances for over 150 countries and areas for 2021-2022. Data was obtained from a variety of sources, including an … Continue reading Renewable energy statistics 2024
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China building two-thirds of world’s wind energy and photovoltaic solar projects
Country on track reach 1,200GW of installed wind power and photovoltaic capacity by end of 2024 – six years ahead of Beijing’s target. Between March 2023 and March 2024, China installed more solar than it had in the previous three years combined, and more than the rest of the world combined for 2023, the GEM … Continue reading China building two-thirds of world’s wind energy and photovoltaic solar projects
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China builds twice as much wind power and photovoltaic capacity as the rest of the world
China consolidates its position as a world leader in renewable energy, currently building twice as much wind and photovoltaic capacity as the rest of the world, according to a study published this Thursday. The Asian giant, with 1.4 billion inhabitants and numerous factories due to its status as a manufacturing country, is the world’s largest … Continue reading China builds twice as much wind power and photovoltaic capacity as the rest of the world
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Photovoltaic and wind energy in the first week of July
In the first week of July, prices in most major European electricity markets fell compared to the previous week. Almost all markets registered hours with negative prices in the latter part of the week. Rising wind energy production, as well as lower gas prices and demand in some markets, contributed to the decline in prices. … Continue reading Photovoltaic and wind energy in the first week of July
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Photovoltaic (PV) and wind power uptake to reach 5.4 TWac from 2024 to 2033
Global photovoltaic deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storage, From 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online, increasing the cumulative global total to 8 TWac, … Continue reading Photovoltaic (PV) and wind power uptake to reach 5.4 TWac from 2024 to 2033
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