In the second week of August, gas futures rebounded, approaching €40/MWh on August 9. This, together with the fall in wind power production, favored prices increase in most European electricity markets. Even so, weekly averages for all markets were below €100/MWh, which has not happened since early June. On August 9, Brent futures reached the … Continue reading The European electricity markets were impacted by higher gas prices in the second week of August
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Concentrated Solar Power, photovoltaic and wind energy in the second week of August
In the second week of August, gas futures rebounded, approaching €40/MWh on August 9. This, together with the fall in wind power production, favored prices increase in most European electricity markets. Even so, weekly averages for all markets were below €100/MWh, which has not happened since early June. On August 9, Brent futures reached the … Continue reading Concentrated Solar Power, photovoltaic and wind energy in the second week of August
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RWE renews Elisenhof wind farm and continues to use turbine components in Spain
A breath of fresh air for the Elisenhof wind farm: RWE is modernising its wind farm in western Germany and replacing nine old ones with a total of 6.75 megawatts (MW) with two more powerful wind turbines. The construction of the foundations for this so-called repowering project with a total output of 11.4 MW has … Continue reading RWE renews Elisenhof wind farm and continues to use turbine components in Spain
Continue readingCO2 prices and wind energy production drive European electricity markets prices down in early August
During the first week of August, the European electricity markets prices as a result of increased wind energy production, lower CO2 and gas prices, and lower electricity demand in some markets due to cooler average temperatures. On August 2, Spain recorded its second largest solar photovoltaic energy production to date. The Brent futures reached their … Continue reading CO2 prices and wind energy production drive European electricity markets prices down in early August
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Vestas wins an order for 50 MW of wind power in Spain
Vestas has received an order for a 50 MW wind farm to be located in the northwest of Spain. The order has been placed by Sinia Renovables, Banc Sabadell’s investment arm specializing in renewable energy and climate transition assets. The contract includes the delivery of 11 V136-4.5 MW wind turbines, as well as a 25-year … Continue reading Vestas wins an order for 50 MW of wind power in Spain
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Siemens Energy to Face Consequences of Wind Turbine Issues
Siemens Energy, a German group, has announced a charge of 2.2 billion euros ($2.4 billion) due to quality issues related to its wind turbine unit, Siemens Gamesa. This charge will result in a net loss of 4.5 billion euros for the fiscal year ending in September 2023, significantly higher than what analysts had anticipated. The … Continue reading Siemens Energy to Face Consequences of Wind Turbine Issues
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Concentrated Solar Power, photovoltaic and wind energy in European electricity markets
Slight increase in European electricity markets prices in the last week of July as gas and CO2 prices rise. In the first days of the last week of July, gas and CO2 prices rose, causing most European electricity markets prices to register a higher weekly average than in the previous week, a trend also favored … Continue reading Concentrated Solar Power, photovoltaic and wind energy in European electricity markets
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Greencoat Renewables continues Spain expansion with new 50MW wind farm
Greencoat Renewables PLC on Tuesday said it has agreed to acquire a 50 megawatt Spanish wind farm, and completed its purchase of an equally large solar park in the country. The company’s total borrowings are now 47% of its gross asset value. The London-based renewable infrastructure fund, normally focused on UK wind farms, will have … Continue reading Greencoat Renewables continues Spain expansion with new 50MW wind farm
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High temperatures and increased energy demand will get worse in future summers
In the summer of 2023, a huge number of forest fires ravage Mediterranean countries, aggravated by drought, low humidity and high temperatures. The El Niño phenomenon increases the global heat, leading to intense and prolonged heat waves. The Iberian Peninsula undergoes a hot year with above?average temperatures. High temperatures in warm countries boost the electricity … Continue reading High temperatures and increased energy demand will get worse in future summers
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At stake is the development of new wind power facilities in Galicia
From the wind sector we see with great concern the situation that is being triggered in Galicia with the succession of judicial stoppages of wind projects. From the utmost respect for the decisions of the courts of justice, we believe that the situation that is being generated produces insecurity to undertake investments in new wind … Continue reading At stake is the development of new wind power facilities in Galicia
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Wind Energy and Desalination
Wind energy and desalination, two of the most promising solutions to the world’s growing energy and water crises, are increasingly being seen as a perfect match for sustainability. As the world grapples with the dual challenges of energy scarcity and water shortage, the synergy between wind energy and desalination offers a sustainable path forward. Wind … Continue reading Wind Energy and Desalination
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China’s Goldwind explores investment opportunities in Spain’s wind power market
The Spanish government has been offering incentives to invest in renewable energy as part of its commitment to the Sustainable Development Goals of the UN 2030 Agenda. These incentives allow full payback when solar or wind projects replace fossil fuel power sources. The Spanish government aims to expand wind and solar infrastructure as part of … Continue reading China’s Goldwind explores investment opportunities in Spain’s wind power market
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Acciona wins €467 million and consolidates the Nordex wind power
ACCIONA posted a net profit of €467 million (+132.5%) in the first half of 2023. The company’s results reflect strong activity in the Construction and Concessions divisions, the evolution of electricity prices in various markets in which ACCIONA Energía operates—lower than a year ago, but significantly higher than the company’s historical averages—and the full consolidation … Continue reading Acciona wins €467 million and consolidates the Nordex wind power
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The Elecnor Group posts a net profit of EUR 47.4 million in the first semester of 2023
The Elecnor Group has ended the first semester of 2023 with a consolidated net profit of EUR 47.4 million, which represents an improvement of 8.2% in relation to the EUR 43.8 million in the same period of the previous year, thereby maintaining the strong momentum of the previous quarter. All the Group’s lines of business … Continue reading The Elecnor Group posts a net profit of EUR 47.4 million in the first semester of 2023
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Iberdrola invested 10,554 million in the last 12 months
Highlights Second increase in FY 2023 Outlook Financial strength Strategic Plan Execution Commenting on the results, Ignacio Galán, Executive Chairman of Iberdrola, said: “We continue accelerating in the execution of our Strategic Plan, with investments of more than 10.5 billion euros in the last 12 months, to achieve a Networks Asset Base of 40 billion … Continue reading Iberdrola invested 10,554 million in the last 12 months
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The EIB grants a loan of 575 million euros to Repsol for wind and solar energy in Spain
The financing signed today amounts to 400 million euros and is the first tranche of the total approved loan, which will be used to finance wind farms and photovoltaic plants with a total capacity of 1.1 GW. It contributes to the goal of the REPowerEU plan to increase energy security by reducing the European Union’s … Continue reading The EIB grants a loan of 575 million euros to Repsol for wind and solar energy in Spain
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VERBUND AG: Acquisition of operative wind power plants in Spain with a capacity of 257 MW and potential for hybridisation and repowering
VERBUND AG hereby announces the acquisition of operative wind power plants in Spain with a total capacity of 257 MW and potential for hybridisation and repowering from EDP Renewables Europe, S.L.U. (“EDPR”) for an enterprise value of approx. €0.46bn. VERBUND Green Power GmbH will acquire 100% of the shares in Viesgo Renovables S.L. and Viesgo Europa S.L. … Continue reading VERBUND AG: Acquisition of operative wind power plants in Spain with a capacity of 257 MW and potential for hybridisation and repowering
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The heat wave causes the largest demand in this year in Spain and Italy and raises prices in European markets
The high temperatures registered during the third week of July caused 2023 demand records in Spain and Italy on the 19th and increases in other markets. In France, the weekly photovoltaic energy production was the highest in history, but in most markets the solar and wind energy production fell. All these factors, together with the … Continue reading The heat wave causes the largest demand in this year in Spain and Italy and raises prices in European markets
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Naturgy concludes the first six months of the year with improved financial performance, increased investments and reduced debt
Naturgy released its financial results for the first six months of 2023 to the market, along with the strategic review for the 2025 horizon recently approved by its Board of Directors. These developments come after the company exceeded all objectives outlined in its 2018-2022 Strategic Plan. The first half of the year was characterised by … Continue reading Naturgy concludes the first six months of the year with improved financial performance, increased investments and reduced debt
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Acciona launches decarbonization program for SME suppliers
ACCIONA has launched the “Supplier Decarbonization” program to support small and medium-sized enterprises (SMEs) that form part of its value chain in the design of a realistic climate neutrality strategy. Participation in the program is voluntary and free of charge for these companies, which are selected from sectors of activities with high emissions. ACCIONA thus … Continue reading Acciona launches decarbonization program for SME suppliers
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