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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Clean sources of generation are set to cover all of the world’s additional electricity demand over the next three years
Global electricity demand is expected to grow at a faster rate over the next three years as the clean energy transition gathers speed, with all the additional demand forecast to be covered by technologies that produce low-emissions electricity, according to a new report from the IEA. Electricity 2024 is the latest edition of the IEA’s … Continue reading Clean sources of generation are set to cover all of the world’s additional electricity demand over the next three years
Continue readingIberdrola will install storage batteries at the Andévalo photovoltaic plant
Iberdrola will install a new Battery Energy Storage System (SAEB) with a power of 25 MW and a capacity of 50 MWh in the Andévalo photovoltaic plant, the first built with the UNEF Certificate of Excellence. It is an innovative solution for the storage and integration of renewable energies in the system. The initiative will … Continue reading Iberdrola will install storage batteries at the Andévalo photovoltaic plant
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Equinor’s first commercial battery storage asset begins operations
en| no Equinor’s first commercial battery storage asset begins operations 22 January 202408:00(CET) The Blandford Road battery storage asset in the UK has come into operation. The operational phase marks an important milestone in Equinor’s ambition of delivering flexible power solutions in the country. The 25 MW/ 50 MWh Blandford Road battery storage asset is … Continue reading Equinor’s first commercial battery storage asset begins operations
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ACP Launches New Event Focused on Energy Storage Sector
The American Clean Power Association (ACP) today announced the official launch of its new annual Energy Storage Summit — ACP RECHARGE. The summit will connect the nation’s leading storage manufacturers, renewable developers, policy makers, and thought leaders for discussions on technological advances, market conditions, and the policy frameworks required to sustain rapid growth in this … Continue reading ACP Launches New Event Focused on Energy Storage Sector
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China surpasses the European Union in research related to wind and solar energy
China has overtaken the European Union in research related to renewable energy technologies such as wind turbines and photovoltaics, according to a study by the EU, creating a challenge for its green technology ambitions.China led the number of peer-reviewed publications in areas such as solar and wind energy, as well as lithium batteries, heat pumps … Continue reading China surpasses the European Union in research related to wind and solar energy
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Head of International Energy Agency considers China world champion in wind power and photovoltaic
China has emerged as a world champion in green energy, achieving a remarkable surge in renewable capacity and playing a pivotal role in global energy cooperation, said Fatih Birol, executive director of the International Energy Agency (IEA). Global renewable energy capacity grew by 50 percent in 2023 to almost 510 gigawatts (GW), and is expected … Continue reading Head of International Energy Agency considers China world champion in wind power and photovoltaic
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Masdar in talks to build 1GW photovoltaic solar power plant in Iraq
Masdar is planning to build a photovoltaic solar power plant in Iraq with an output capacity of 1,000 megawatts (MW) in the first phase. Officials from the UAE company discussed the project with Iraqi Electricity Minister Ali Fadil in Baghdad on Thursday, the Iraqi News Agency said on Friday. It quoted Fadil as saying after … Continue reading Masdar in talks to build 1GW photovoltaic solar power plant in Iraq
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World’s most advanced battery energy storage system comes online, speeding Hawaii’s transition to 100% renewable energy
Plus Power™ announced it has begun operating its Kapolei Energy Storage facility on Oahu, Hawaii, the most advanced grid-scale battery energy storage system in the world, helping transition the state’s electric power from coal and oil to solar photovoltaic and wind power. “This is a landmark milestone in the transition to clean energy,” said Brandon Keefe, Plus Power’s Executive … Continue reading World’s most advanced battery energy storage system comes online, speeding Hawaii’s transition to 100% renewable energy
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Avaada Group will develop 6 GW of hybrid wind energy and solar photovoltaic projects in Gujarat (India)
Avaada Group, India’s prominent integrated energy platform, has signed a Memorandum of Understanding (MoU) with the Government of Gujarat. This strategic alliance aims to set up hybrid wind-solar projects with an aggregate 6000 MW (6 GW) capacity in the state with an investment of about Rs 40,000 crore, marking a pivotal moment in the journey … Continue reading Avaada Group will develop 6 GW of hybrid wind energy and solar photovoltaic projects in Gujarat (India)
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Cyprus obtains 40 million euros for storage and optimizing photovoltaics
The Republic of Cyprus has secured €40 million from the Just Transition Fund for energy storage facilities, addressing the inflexibility of its electricity system in storing excess energy from renewables. Energy Minister George Papanastasiou, in a letter to Parliament, emphasizes the promotion of central and hybrid storage facilities under the “photovoltaics for all” program. Papanastasiou … Continue reading Cyprus obtains 40 million euros for storage and optimizing photovoltaics
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China’s power generation up 8 pct in December 2023
A breakdown of the data revealed that the output of photovoltaic solar power soared 17.2 percent year on year, while that for thermal power rose 9.3 percent. The output of wind power and hydropower climbed 7.4 percent and 2.5 percent, respectively, on a yearly basis, while nuclear power generation fell 4.2 percent during the same … Continue reading China’s power generation up 8 pct in December 2023
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A year of European power: 2023 in review
In 2023, Europe’s power market stabilized with a milder winter and successful demand reduction measures, while geopolitical events and gas supply restructuring influenced dynamics. Decreased power demand, a drop in commodity prices, and increased renewables contributed to a more resilient market, though challenges persisted with low and negative power prices during abnormal weather periods. In … Continue reading A year of European power: 2023 in review
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