Solar photovoltaic and battery storage to make up 81% of new U.S. electric-generating capacity in 2024 Data source: U.S. Energy Information Administration, Preliminary Monthly Electric Generator Inventory, December 2023 Developers and power plant owners plan to add 62.8 gigawatts (GW) of new utility-scale electric-generating capacity in 2024, according to our latest Preliminary Monthly Electric Generator … Continue reading Solar photovoltaic and battery storage to make up 81% of new U.S. electric-generating capacity in 2024
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Iberdrola optimizes hydroelectric pumping in Galicia, and hybridizes a battery with pumping at the Santiago Sil – Xares plant
Iberdrola already has all the permits and previous authorizations for the improvement and optimization of the Santiago Sil – Xares pumped storage power plant. The project consists of the installation of a static starter and a 5 MWh battery that will make the coupling to the grid of the existing reversible pumping groups more flexible. … Continue reading Iberdrola optimizes hydroelectric pumping in Galicia, and hybridizes a battery with pumping at the Santiago Sil – Xares plant
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European wind energy production protagonist in the second week of February with a historic record in Germany
In the week of February 5, European electricity market prices remained at levels similar to those they have registered since the second half of January. The MIBEL market registered the lowest weekly averages. Wind energy was the protagonist of the week in most markets and registered an all?time high in Germany on the 6th. Gas … Continue reading European wind energy production protagonist in the second week of February with a historic record in Germany
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1.44 GW of hybrid wind power and photovoltaic projects commissioned by 2023 in India
Renewable Energy Implementation Agencies (REIAs) in India, including Solar Energy Corporation of India, NTPC Ltd., SJVN Ltd. and NHPC Ltd., have floated tenders for several hybrid projects aimed at integrating solar PV and wind energy. These tenders cover hybrid solar-wind projects, projects that guarantee supply during peak hours and Round the Clock (RTC) renewable energy … Continue reading 1.44 GW of hybrid wind power and photovoltaic projects commissioned by 2023 in India
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Iberdrola exceeds 42,000 MW renewables
Iberdrola continues to make progress in its fight for decarbonisation, as the only way to have a more sustainable planet. For this reason, the company has closed 2023 with a renewable capacity that exceeds 42,000 MW -specifically, it is at 42,175 MW-, after adding some 3,250 new MW in the last 12 months, as reported … Continue reading Iberdrola exceeds 42,000 MW renewables
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DNV updates standard used for marine operations for offshore wind, subsea cables and oil and gas assets
DNV has published a substantial revision to the ‘go-to standard’, DNV-ST-N001, for the design and planning of marine operations for the transport, installation and removal of offshore wind farms, subsea cables and oil and gas assets. The new major changes reflect the changing nature of the offshore industry in line with its support of the … Continue reading DNV updates standard used for marine operations for offshore wind, subsea cables and oil and gas assets
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Ingeteam to supply its technology for the largest battery energy storage project in the world
Ingeteam has been selected by Grenergy as its technology partner for what will be the world’s largest battery storage facility when in operation. The Oasis de Atacama project, developed by Grenergy in the Chilean Atacama Desert, will be built in five phases, which combine photovoltaic generation with battery energy storage. Ingeteam will provide its power … Continue reading Ingeteam to supply its technology for the largest battery energy storage project in the world
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Solar photovoltaic and wind energy in the fifth week of 2024
In the week of January 29, average prices in most major European electricity markets were similar to the previous week. Solar energy production continued to increase in most markets as the days got longer, while wind energy production was generally lower than the previous week. Demand decreased in almost all markets. CO2 futures continued to … Continue reading Solar photovoltaic and wind energy in the fifth week of 2024
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European photovoltaic (PV) generation to rise 50 TWh in 2024
European photovoltaic (PV) generation in Europe will increase by about 50 TWh in 2024, more than any other generation source, after the record 60 GW DC of photovoltaic (PV) installations in 2023, Rystad Energy said on Monday. The PV expansion is led by Germany, which last year added 14 GW DC, including 6.5 GW DC … Continue reading European photovoltaic (PV) generation to rise 50 TWh in 2024
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A clear and ambitious EU 2040 climate goal will avoid a ‘too little too late’ scenario
At present, the EU does not have a climate target for 2040, in contrast to many member states and European companies, like Vattenfall. A clear and ambitious EU 2040 climate target will support member states and businesses, by providing confidence to invest. The European Commission will publish their recommendations for a 2040 climate target tomorrow. … Continue reading A clear and ambitious EU 2040 climate goal will avoid a ‘too little too late’ scenario
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ENGIE Chile announces new storage project at solar photovoltaic (PV) plant in Antofagasta
This is “BESS Capricornio”, an initiative that will be located at the Capricornio Solar PV Plant in Antofagasta, also owned by the company. Thanks to its storage capacity of 264 MWh, equivalent to 48 MW of installed capacity, it will avoid emitting 25,833 tons of CO2 per year.ENGIE is developing an ambitious transformation plan to … Continue reading ENGIE Chile announces new storage project at solar photovoltaic (PV) plant in Antofagasta
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Photovoltaic, wind power capacity in China surpassing coal
Taken together, wind and solar power in China are set to overtake coal plants this year. In 2023, the country added 217 GW in photovoltaics in 2023, more than the rest of the world combined. The United States, the second-biggest market, hosted only 175 GW at the turn of the year. In its annual report, … Continue reading Photovoltaic, wind power capacity in China surpassing coal
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Renewables generated 52.1%, with wind power being the first source of generation in Spain and photovoltaic 7%.
The demand for electrical energy in Spain increases 1.1% in January. Renewables generated 52.1%, up to 12,202 GWh of electricity, with wind power being the first source of generation in Spain for the fourth consecutive month with 24.6% of all electricity production for the monthFor their part, technologies free of CO2 equivalent emissions represented 75.3% … Continue reading Renewables generated 52.1%, with wind power being the first source of generation in Spain and photovoltaic 7%.
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Investments in wind power and photovoltaic energy increase by 17% and reach $1.8 trillion in 2023
Inputs break records, but are still insufficient for the world to achieve the goals stipulated in the Paris AgreementGlobal investments in renewable energy increased by 17% and totaled around $1.8 trillion in 2023, according to a BloombergNEF report. This figure represents a new record level of annual investment in the energy transition, even in a … Continue reading Investments in wind power and photovoltaic energy increase by 17% and reach $1.8 trillion in 2023
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Solar photovoltaic (PV) and wind energy in the fourth week of January
European electricity market prices continued to fall due to less cold temperatures. In the fourth week of January, European electricity market prices continued the downward trend that started in the previous week. Less cold temperatures drove down demand while gas and CO2 prices continued to fall. The exception was the Iberian market, where the decline … Continue reading Solar photovoltaic (PV) and wind energy in the fourth week of January
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EDP Renewables expands its presence in wind, photovoltaics and storage in Australia
EDP Renewables (EDPR), a global leader in renewable energy, has expanded its Asia Pacific presence into Australia to tap into the country’s substantial growth prospects in renewable energy. To fully enact its strategy and commitment to the market, the company has acquired the local renewables company ITP Development (ITPD). As an integral addition to EDPR, … Continue reading EDP Renewables expands its presence in wind, photovoltaics and storage in Australia
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Installed solar power photovoltaic (PV) capacity in China increased by 216 gigawatts (GW), up 55.2% in 2023
China’s installed solar photovoltaic (PV) generation capacity rose 55.2% in 2023, data released by the National Energy Agency showed on Friday.The country built more than 216 gigawatts (GW) of solar energy photovoltaic (PV) in 2023, underscoring the scale and pace of China’s solar photovoltaic (PV) development.China’s total power generation capacity grew by 13.9% throughout 2023 … Continue reading Installed solar power photovoltaic (PV) capacity in China increased by 216 gigawatts (GW), up 55.2% in 2023
Continue readingUnprecedented renewables growth keeps 2030 tripling dream alive – IEA’s Heymi Bahar
The world added 50% more renewable capacity in 2023 than in 2022, with the next five years set to see the fastest growth yet. China and solar photovoltaic (PV) were the stars of the show. Energy Monitor interviews Heymi Bahar, co-author of the IEA’s Renewables 2023 report. Renewable energy around the world is expanding faster … Continue reading Unprecedented renewables growth keeps 2030 tripling dream alive – IEA’s Heymi Bahar
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The economics of wind and photovoltaics (PV) demand massive investments in integration now
The expansion of renewable energy and electrification is growing rapidly in many parts of the world as momentum behind the global energy transition gathers pace. While the renewable energy technologies driving this change are well-known and, in many cases, cost competitive with fossil fuels, the fundamental infrastructure required for their deployment is lagging. Insufficient grid … Continue reading The economics of wind and photovoltaics (PV) demand massive investments in integration now
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Key things to watch in electric vehicle (EV) & battery supply chain for 2024
As electric vehicle (EV) sales around the world continue to grow, China’s dominance in the market has sparked a global debate. “With two-thirds of China’s power batteries produced in 2023 being iron-based, Chinese cell producers have capitalised on their expertise in low-cost chemistry,” said Max Reid, principal analyst, electric vehicles & battery supply chain service … Continue reading Key things to watch in electric vehicle (EV) & battery supply chain for 2024
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