Spain, a country known for its sunny skies and beautiful coastline, is also becoming a global leader in renewable energy innovations. With a commitment to reducing greenhouse gas emissions and a history of embracing clean energy technologies, Spain is transforming its energy market and setting an example for other nations to follow. One of the … Continue reading Renewable Energy Innovations Transforming Spain’s Energy Market
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Concentrated Solar Power, photovoltaic and wind energy in the second week of June
Gas prices rose after several weeks of declines, dragging European Electricity markets. In the second week of June, gas prices rose after keeping a downward trend since the second week of April. This, along with the increase in demand and in CO2 prices, led to the increase of prices in most of the European electricity … Continue reading Concentrated Solar Power, photovoltaic and wind energy in the second week of June
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Minority shareholders of Siemens Gamesa approve capital reduction, paving way for complete integration into Siemens Energy
Siemens Gamesa minority shareholders approved a capital reduction for the remaining 2.21% of shares not held by Siemens Energy in the Extraordinary General Meeting of Shareholders held on June 13, paving the way for a full integration of both companies. The capital reduction was approved by 98.21% of the minority shareholders attending in person or … Continue reading Minority shareholders of Siemens Gamesa approve capital reduction, paving way for complete integration into Siemens Energy
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Capital Energy and Lhyfe join forces to generate green hydrogen associated with offshore wind in Spain and Portugal
Capital Energy, a Spanish energy company born more than two decades ago and whose vocation is to become the first 100% vertically integrated renewable operator in the Iberian Peninsula, and Lhyfe, one of the world pioneers in the production of green hydrogen and in generation projects of offshore hydrogen, have signed a collaboration agreement whose … Continue reading Capital Energy and Lhyfe join forces to generate green hydrogen associated with offshore wind in Spain and Portugal
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Iberdrola signs a €1,000 million loan with the EIB to accelerate the energy transition in Europe
The European Investment Bank (EIB) and Iberdrola have signed a new financing agreement worth €1 billion to fast forward the energy transition in Europe by building an extensive network of 19 solar power plants and 3 onshore wind farms in Spain, Portugal and Germany. With a total installed capacity of 2.2 GW, the projects envisage … Continue reading Iberdrola signs a €1,000 million loan with the EIB to accelerate the energy transition in Europe
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Iberdrola announces an investment of 4,000 million euros in R+D+i until 2030
Iberdrola today held the ninth edition of its Digital Summit with more than 1,500 employees attending the event, held at the company’s campus in San Agustín del Guadalix (Madrid). The company’s commitment to digitalization is reflected in its commitment to double its investment in Innovation, Development and Research (R&D&I) over the last 10 years, with … Continue reading Iberdrola announces an investment of 4,000 million euros in R+D+i until 2030
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Spain grants 100 million to large electrolysers for the production of renewable hydrogen
Seven initiatives are awarded to integrate large electrolysers in industrial environments of five autonomous communities 60% of the funds of the call are allocated to projects in Just Transition and Demographic Challenge areas The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) has granted 100 million euros in aid to innovative projects of … Continue reading Spain grants 100 million to large electrolysers for the production of renewable hydrogen
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Renewable energy production up and demand and prices down in May
The month of May, 2023, was characterised in the European markets by a continuation of the downward trend in electricity demand while wind energy production and photovoltaic energy production continue to grow. This situation, together with a downward trend in gas and CO2 emission rights prices, drove prices down in virtually all electricity markets. Solar … Continue reading Renewable energy production up and demand and prices down in May
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Iberdrola agrees with Norges Bank Investment Management for 1,265 renewable MW in Spain and we are negotiating more than 500 additional MW
Iberdrola has finalised the details of its strategic alliance with the sovereign fund of Norway, managed by Norges Bank Investment Management, to co-invest in 1,265 MW of new renewable capacity in Spain (20% wind and 80% Solar PV). Both companies have today informed the National Securities Market Commission (CNMV) that they have obtained all the legal … Continue reading Iberdrola agrees with Norges Bank Investment Management for 1,265 renewable MW in Spain and we are negotiating more than 500 additional MW
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Negative prices continue to appear in the electricity markets while gas prices continue to fall and solar photovoltaic energy production sets new records
Gas and CO2 prices continued their downward trend in the fourth week of May, which led to a general downward trend in prices in European electricity markets and several negative hourly prices were registered, which reached -€400/MWh in Netherlands. The notable exception of the Iberian market, with a rise in prices, came from the fall … Continue reading Negative prices continue to appear in the electricity markets while gas prices continue to fall and solar photovoltaic energy production sets new records
Continue readingSpain does not take advantage of the full potential of wind and solar energy due to lack of storage
The Spanish electrical system wastes an important – and growing – part of its potential for electricity from renewable sources. It is a fact that worries experts. The system dispenses with windmills or solar plants, or orders their operation to stop because there is not enough demand to absorb that supply. Given the current low … Continue reading Spain does not take advantage of the full potential of wind and solar energy due to lack of storage
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BW Ideol teams up with Elawan Energy for multi-GW floating offshore wind projects in the Iberian Peninsula
BW Ideol has signed a Head of Terms with Elawan Energy, an ORIX company based in Spain, for the joint development of a multi-GW floating offshore wind pipeline off Spain and Portugal, subject to further negotiation of the final agreement between the Parties.Elawan Energy is a leading player in the field of renewable energy in … Continue reading BW Ideol teams up with Elawan Energy for multi-GW floating offshore wind projects in the Iberian Peninsula
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Each MW of concentrated solar power can replace each MW of natural gas and achieve the decarbonization of the electricity sector
Each MW of solar thermal power can replace each MW of gas and achieve a total transition of the electricity sector, which would imply the substitution of current natural gas plants, as can be seen from the study carried out by Protermosolar in collaboration with the Comillas Pontifical University, which analyzes the technical and economic … Continue reading Each MW of concentrated solar power can replace each MW of natural gas and achieve the decarbonization of the electricity sector
Continue readingNew episodes of negative or zero prices in European electricity markets
In the third week of May, negative or zero hourly prices were registered in most of the European electricity markets, especially during the weekend. In the Nord Pool market, the value of -€5.67/MWh registered in an hour of Sunday 21 is the lowest one in history. For the week as a whole, prices decreased in every … Continue reading New episodes of negative or zero prices in European electricity markets
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Vestas Daimiel incorporates the V163 blade to its production lines
The V163 blade exceeds 80 meters in length and is part of the new Vestas V163-4.5 MW wind turbine. This turbine represents another step in the evolution of the 4MW platform. By increasing the swept area by 18 percent compared to the V150 rotor, it significantly increases power production at lower wind speeds, improving predictability … Continue reading Vestas Daimiel incorporates the V163 blade to its production lines
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IberBlue Wind announces second floating offshore wind farm off the coast of Andalusia
The project, called “La Pinta”, will be off the coast of Granada and Almeria, and will have up to 55 wind turbines with an installed capacity of circa 990MW. The global investment required for the construction and maintenance of the wind farm will exceed €2,500 million and generate over 3,300 jobs. IberBlue Wind, a joint venture … Continue reading IberBlue Wind announces second floating offshore wind farm off the coast of Andalusia
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Capital Energy awards the transformers of six of its wind farms to the company Faramax
These projects are located in Castilla y León, Castilla-La Mancha and AragónThe equipment will be manufactured at the plant that this company has in Cáceres and supplied, foreseeably between this year and 2024, to be coupled to the electrical energy evacuation infrastructures of La Herrada, Las Mareas I, Las Mareas II, Hazapierna, Praderas Altas and … Continue reading Capital Energy awards the transformers of six of its wind farms to the company Faramax
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The Elecnor Group makes a net profit of EUR 27.4 million in the first quarter of 2023
The Elecnor Group expects to top the sales and profit figures achieved the previous year, as it has indeed managed to do year after year throughout the past decade The Elecnor Group has concluded the first quarter of 2023 with a consolidated net profit of EUR 27.4 million, which represents an improvement of 7.7% on … Continue reading The Elecnor Group makes a net profit of EUR 27.4 million in the first quarter of 2023
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May begins with record values of solar photovoltaic energy production in Europe
In the first week of May, European electricity markets prices fell due to the drop in gas and CO2 prices. In addition, the demand decreased in most markets and wind and solar energy production increased in some cases, reaching record values for hourly solar photovoltaic energy production in almost all markets. Brent and TTF gas … Continue reading May begins with record values of solar photovoltaic energy production in Europe
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Agreement between Siemens Gamesa and Repsol to supply wind energy to 160,000 homes in Spain
Siemens Gamesa and Repsol have strengthened their commercial ties with the signing of two new contracts for the supply of 40 SG 5.0-145 onshore wind turbines for six wind farms in Spain, totaling 200 MW. Following this agreement, Repsol will have eight wind farms employing Siemens Gamesa technology, reaching a total of 324 MW. The … Continue reading Agreement between Siemens Gamesa and Repsol to supply wind energy to 160,000 homes in Spain
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