As part of President Biden’s Investing in America agenda, a key pillar of Bidenomics, the U.S. Department of Energy (DOE) today announced $72 million for three sets of projects that will innovate manufacturing processes for wind and water technologies and accelerate the equitable and sustainable deployment of offshore and land-based wind energy. This funding includes … Continue reading Biden-Harris Administration Announces $72 Million to Innovate Manufacturing and Accelerate Deployment of Wind and Water Energy Technologies
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European energy markets heading into fall with price rises
In the second week of September, European electricity markets prices rose compared to the previous week. On the 11th, some markets registered hourly prices above €300/MWh, the highest since December. The increase was driven by higher demand and gas prices, as well as lower renewable energy production in some markets. On the 15th, Brent futures … Continue reading European energy markets heading into fall with price rises
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EIA is changing how it accounts for primary energy consumption of electricity generation from solar, wind, hydropower, and geothermal
The U.S. Energy Information Administration (EIA) is changing its methodology for calculating primary energy consumption of electricity generation from noncombustible renewable energy sources—solar, wind, hydroelectric power, and geothermal. When EIA publishes its Monthly Energy Review on September 26, it will use a methodology known as the captured energy approach to calculate renewable energy consumption for … Continue reading EIA is changing how it accounts for primary energy consumption of electricity generation from solar, wind, hydropower, and geothermal
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Why Public Financing Needs to Be Centre Stage for Universal Energy Access
The latest Tracking SDG 7 report offers yet another sobering reminder of the lack of progress on electricity and clean cooking targets. In 2021, over 675 million people were living without electricity access, and billions more were without reliable access. Meanwhile, about 2.3 billion people rely on traditional fuels for cooking. Under a business-as-usual scenario, by … Continue reading Why Public Financing Needs to Be Centre Stage for Universal Energy Access
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Ingeteam consolidates its presence in Chile with a supply that will provide energy to some 170,000 households
Ingeteam will supply 164 solar photovoltaic inverters to Grenergy for the Gran Teno and Tamango photovoltaic projects. The projects, which will be commissioned in the coming months, will generate clean energy to supply around 170,000 Chilean households, as well as contributing to the reduction of annual CO2 emissions by more than 175,000 tons. In its … Continue reading Ingeteam consolidates its presence in Chile with a supply that will provide energy to some 170,000 households
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Ørsted and Terra Solar team up to develop 400 MW portfolio of solar energy in Ireland
Ørsted has announced the development of a portfolio of Irish solar projects in a partnership with renewable energy developer Terra Solar, headquartered at NovaUCD in Dublin. With a capacity of up to 400 MW, the projects have the potential to power over 90,000 Irish homes. This latest partnership brings further momentum to Ørsted’s solar pipeline … Continue reading Ørsted and Terra Solar team up to develop 400 MW portfolio of solar energy in Ireland
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US renewables annual capacity additions to nearly triple in 10 years
Speaking at the RE+ conference in Las Vegas, Chris Seiple, vice chairman, power and renewables for Wood Mackenzie said that with the Inflation Reduction Act (IRA) driving the economic competitiveness of renewables, annual capacity additions will nearly triple in 10 years to 110 gigawatts (GW). “The IRA has made renewables very competitive with other technologies … Continue reading US renewables annual capacity additions to nearly triple in 10 years
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EU solar and wind power growth displaced gas consumption worth half of Russian imports in August 2023
The EU’s progress in reaching low coal and gas consumption in power generation in 2023 as well as highs for solar and wind electricity generation has been remarkable. The expansion of renewable energy production has not only diversified the power generation mix but also reduced dependency on imported fossil fuels. A new briefing from the … Continue reading EU solar and wind power growth displaced gas consumption worth half of Russian imports in August 2023
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Access to electricity improves slightly in 2023, but still far from the pace needed to meet SDG7
The pandemic and global energy crisis that followed Russia’s invasion of Ukraine dealt a strong blow to progress on improving access to electricity. The number of people without access globally increased in 2022 for the first time in decades, rising by around 6 million to roughly 760 million. This setback was primarily concentrated in sub-Saharan … Continue reading Access to electricity improves slightly in 2023, but still far from the pace needed to meet SDG7
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Stronger international cooperation in high emissions sectors crucial to get on track for 1.5C climate goal
Insufficient progress in transitions to clean technologies and sustainable solutions over the past year highlights the need for strong and targeted international collaboration in high emissions sectors to deliver transitions that are faster, easier and cheaper for all, according to the latest Breakthrough Agenda Report. The new report – an annual collaboration between the International … Continue reading Stronger international cooperation in high emissions sectors crucial to get on track for 1.5C climate goal
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Stronger International Cooperation in High Emissions Sectors Crucial to Get on Track for 1.5°C Climate Goal
Countries must supercharge international collaboration on technologies and markets for sectors such as power, transport, industry, buildings and agriculture, new report finds. Insufficient progress in transitions to clean technologies and sustainable solutions over the past year highlights the need for strong and targeted international collaboration in high emissions sectors to deliver transitions that are faster, … Continue reading Stronger International Cooperation in High Emissions Sectors Crucial to Get on Track for 1.5°C Climate Goal
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Innovation Can Pave the Way to Decarbonise High-temperature Heat in Industries
At this stage of the race toward the decarbonisation of our energy systems by 2050 we all agree that electricity is the main vector of the energy transition. The reason for that are threefold; first, wind and solar technologies have experienced a rapid cost reduction that make them competitive today; second, electricity is a high … Continue reading Innovation Can Pave the Way to Decarbonise High-temperature Heat in Industries
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September starts with lower prices of gas and European electricity markets
The fall in gas prices during the first week of September, after the rebound in August, accompanied by the increase in photovoltaic energy production, relaxed prices in most European electricity markets. However, the fall in wind and solar energy production in the Iberian Peninsula contributed to the rise in prices in the MIBEL market. It … Continue reading September starts with lower prices of gas and European electricity markets
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IEA clean energy equipment price index
In 2021 and 2022 a barrage of factors pushed up prices of clean energy equipment. The cost of inputs, such as critical minerals, soared. Logistical problems prevented shipments from clearing ports or arriving to destination on time. Russia’s invasion of Ukraine in early 2022 upended energy trade patterns as most of the world, and Europe … Continue reading IEA clean energy equipment price index
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China’s solar power capacity to reach 1,000 GW by 2026
China’s installed solar capacity will double to 1,000 gigawatts (GW) by the end of 2026 as the world’s second-largest economy continues to ramp up investment in renewables, energy research firm Rystad Energy wrote in a note published on Monday. Beijing had set a goal of boosting the country’s installed capacity of wind and solar power … Continue reading China’s solar power capacity to reach 1,000 GW by 2026
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Ørsted enters its first UK solar project
Ørsted has entered its first solar project in the UK. One Earth Solar Farm is a proposed 740 MW solar farm with associated battery storage, that will primarily be located in Nottinghamshire near the border of Lincolnshire and is being co-developed with PS Renewables. Once operational, the 740 MW solar farm will generate enough clean, … Continue reading Ørsted enters its first UK solar project
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G20 Leaders Endorse IRENA Recommendations for Global Renewable Energy Adoption
G20 leaders agreed to accelerate efforts to triple global renewable energy capacity by 2030, aligning with recommendations from the International Renewable Energy Agency (IRENA) on how the world can move in line with the Paris Agreement targets. In a declaration adopted on Saturday, the Group cites a joint report between IRENA and India’s G20 Presidency, … Continue reading G20 Leaders Endorse IRENA Recommendations for Global Renewable Energy Adoption
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Enabling faster rollout of renewables can help Switzerland reach climate and energy goals
Switzerland’s low-emissions electricity system makes it well placed to meet its climate targets by 2030 and beyond, but cutting red tape to speed up deployment of renewables is essential as the country intends to move away from nuclear power, according to a new in-depth policy review by the IEA. Switzerland is demonstrating its commitment to … Continue reading Enabling faster rollout of renewables can help Switzerland reach climate and energy goals
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Ethiopia finishes filling reservoir of disputed mega-dam
The Grand Ethiopian Renaissance Dam is set to double the country’s electricity generation and become Africa’s biggest dam. Egypt fiercely opposes the megaproject, arguing that it will reduce the flow of the Nile river.Ethiopia said on Sunday it had completed the fourth and final phase of filling a reservoir for its hydroelectric power plant on … Continue reading Ethiopia finishes filling reservoir of disputed mega-dam
Continue readingCost of Concentrated solar power (CSP) projects fell from USD 0.38/kWh to USD 0.118/kWh – a decline of 69%
Concentrated solar power (CSP) saw its global weighted?average LCOE fall from 591% higher than the cheapest fossil fuel option in 2010 to 71% higher in 2022. Concentrated solar power (CSP) deployment remains disappointing, with less than 0.1 GW added in 2022 and global cumulative capacity standing at 6.5 GW at the end of 2022. For … Continue reading Cost of Concentrated solar power (CSP) projects fell from USD 0.38/kWh to USD 0.118/kWh – a decline of 69%
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