Chinese investments in wind, solar and electric vehicles have risen again in 2024, reaching $940 billion, a value close to the total global investments in fossil fuels last year, according to a report by Carbon Brief. China’s policy contrasts with US retreat under TrumpThe report reveals that Chinese investments exceeded $940 billion in 2024, being … Continue reading Chinese renewable energy investments hit record $940 billion in 2024
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Countries around the world use more land for golf courses than wind power or photovoltaic solar energy
Land use is a critical factor in the location of renewable energy facilities and is often scrutinised due to perceived conflicts with other land demands. Meanwhile, substantial areas are devoted to activities such as golf, which are accessible only to a select few and have a significant environmental and territorial footprint. Our study shows that … Continue reading Countries around the world use more land for golf courses than wind power or photovoltaic solar energy
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Iberdrola and Kansai expand their strategic alliance to accelerate electrification in different countries
Iberdrola and the Japanese electricity company Kansai announced today the extension of their strategic alliance with the aim of accelerating electrification globally. This collaboration will focus on various electricity grid and renewable energy projects in different countries. Both companies see this new agreement as a strategic milestone that will allow them to jointly explore other … Continue reading Iberdrola and Kansai expand their strategic alliance to accelerate electrification in different countries
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China’s electricity expert talks about wind power, solar photovoltaic (PV) and storage in the country
Recently I had the opportunity to sit down with one of the leading experts on electrical generation in China to discuss the absurd scales of all forms of electrical generation and storage. In the first half of our conversation, we talked coal, gas, and nuclear. In the second half — lightly edited transcript below — … Continue reading China’s electricity expert talks about wind power, solar photovoltaic (PV) and storage in the country
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Canada’s wind, solar, and energy storage capacity grows 46% in five years, reports CanREA
The Canadian Renewable Energy Association (CanREA) announced that Canada’s wind, solar, and energy storage sectors have grown by 46% in the last five years, with an installed capacity of more than 24 GW at the end of 2024. CanREA released these statistics in a report marking its fifth anniversary. (On July 1, 2020, the Canadian … Continue reading Canada’s wind, solar, and energy storage capacity grows 46% in five years, reports CanREA
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European electricity markets continued to rise in the second week of February, with the exception of the Iberian market thanks to wind energy
In the second week of February, prices in most major European electricity markets rose and weekly averages exceeded €140/MWh. However, in the Iberian market, the increase in wind energy production and the decrease in electricity demand favored lower prices. The French market broke the photovoltaic energy production record for a February day again. On Monday, … Continue reading European electricity markets continued to rise in the second week of February, with the exception of the Iberian market thanks to wind energy
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Major solar, wind energy projects go operational in Egypt
Saudi Minister of Energy, Prince Abdulaziz bin Salman, stressed on Monday the enduring, strong, and fraternal ties binding the Kingdom of Saudi Arabia and Egypt. Prince Abdulaziz bin Salman’s statement came as he delivered a heartfelt speech that was highly appreciated by all attendees, expressing the depth and strength of ties between the two countries … Continue reading Major solar, wind energy projects go operational in Egypt
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Utility-scale solar and wind power pipeline grows by 20% in 2024
According to Global Energy Monitor (GEM), the pipeline of utility-scale solar and wind capacity grew by 20% to reach nearly 5 terawatts (TW) by 2024. In its latest Global Solar Power Tracker and Global Wind Power Tracker, GEM stated that utility-scale solar and wind are largely equal in their prospective development, at 2 TW and … Continue reading Utility-scale solar and wind power pipeline grows by 20% in 2024
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Reaping the Benefits of Renewable Energy in the Spanish Economy
This study investigates how much the growing penetration of low-marginal-cost renewables contributes to lowering prices, and whether a ‘merit-order effect’ could limit the further expansion of renewable energy in Spain. Key points https://www.bbvaresearch.com/en/publicaciones/spain-reaping-the-benefits-of-renewable-energy-in-the-spanish-economy
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The expansion of renewable solar and wind power has outpaced the expansion of corresponding energy storage systems
The rise in atmospheric CO2 (419.3 ppm in 2023) has intensified heatwaves and droughts. Notably, the 2025 wildfires in Southern California prompted 180,000 evacuations and at least 10 fatalities. So, the global community is adopting Net Zero strategies to moderate climate change. For example, the European Union may attain net-zero emissions by 2050. China aims … Continue reading The expansion of renewable solar and wind power has outpaced the expansion of corresponding energy storage systems
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China to cut subsidies for renewable energy after record solar photovoltaic (PV) and wind power
Starting in June, new clean energy projects will have their prices determined by a market-based bidding system.China’s top economic planning agency announced it will implement measures to gradually reduce subsidies for renewable energy projects, following accelerated growth in solar and wind power installations in the country, Reuters reported. In 2024, China set a record for … Continue reading China to cut subsidies for renewable energy after record solar photovoltaic (PV) and wind power
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RWE starts construction of its first commercial Agri-PV projects in Italy
RWE has started the construction of its first commercial scale Agri-PV plants. The 9.8 megawatt (MWac) Morcone and 9.3 MWac Acquafredda advanced Agri-PV projects are located in the province of Benevento in the Campania region. More than 32,500 solar modules will be installed here in total. Together the two projects will be able to supply … Continue reading RWE starts construction of its first commercial Agri-PV projects in Italy
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China’s photovoltaic (PV) Module Shipments Hit New Heights
To help relevant departments and photovoltaic (PV) stakeholders understand the true situation of industry development, Solarbe & Solarbe Consulting, after comprehensive research and repeated verification, have released the 2024 Annual Chinese PV module Enterprise Shipment Rankings for reference. Top-Solar-Module-Companies-for-2024-Solarbe-2Download The report covers 39 enterprises, a record high. Among them, there are leading players with shipments … Continue reading China’s photovoltaic (PV) Module Shipments Hit New Heights
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Global Cost of Renewables to Continue Falling in 2025 as China Extends Manufacturing Lead: BloombergNEF
The cost of clean power technologies such as wind, solar and battery technologies are expected to fall further by 2-11% in 2025, breaking last year’s record. According to a latest report by research provider BloombergNEF (BNEF), new wind and solar farms are already undercutting new coal and gas plants on production cost in almost every … Continue reading Global Cost of Renewables to Continue Falling in 2025 as China Extends Manufacturing Lead: BloombergNEF
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Record-breaking growth in renewable energy in US threatened by Trump
Surge in solar, wind and battery capacity comes as president pledges to halt federal support for clean power. Estados Unidos tuvo un crecimiento récord en capacidad de energía renovable el año pasado, según muestra una nueva investigación, pero el futuro del sector es incierto en medio de las amenazas de la administración de Donald Trump. … Continue reading Record-breaking growth in renewable energy in US threatened by Trump
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The photovoltaic sector is calling for the acceleration of administrative procedures that hinder storage and green hydrogen, which are essential for the energy transition
Today’s session was opened by Joan Groizard, Secretary of State for Energy, who stressed that “we are a benchmark in Europe and the world in renewables and attracting new demand that seeks clean and attractive technologies. Now we are going further, it is time to decarbonise all sectors.” The regulatory situation around storage and the … Continue reading The photovoltaic sector is calling for the acceleration of administrative procedures that hinder storage and green hydrogen, which are essential for the energy transition
Continue readingRising gas and less wind power push European electricity market prices above €120/MWh in the first week of February
In the first week of February, TTF gas futures prices continued to rise and reached the highest settlement price in the last two years at the end of the week. In this context, coupled with lower wind energy production and higher demand, prices in the main European electricity markets rose, with most weekly averages exceeding … Continue reading Rising gas and less wind power push European electricity market prices above €120/MWh in the first week of February
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More than 10% of energy consumed in Colombia is already solar photovoltaic (PV)
Colombia will deploy 1.6 GW of solar photovoltaic (PV) energy in 2024. Colombia installed 1.6 GW of solar energy in 2024, bringing its total capacity to 1.87 GW by the end of the year. The industrial group Ser Colombia says that 33 large-scale projects representing 1,410 MW were added to the grid. Colombia is advancing … Continue reading More than 10% of energy consumed in Colombia is already solar photovoltaic (PV)
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RWE commissions Schönau photovoltaics plant in Saxony
RWE has commissioned Schönau solar farm, the company’s first photovoltaics plant in Saxony, Germany. 36,000 solar modules produce around 21 million kilowatt hours of green electricity in the town of Wildenfels, in the district of Zwickau – enough to supply the equivalent of 6,700 households per year. Schönau solar farm spans an area of approximately … Continue reading RWE commissions Schönau photovoltaics plant in Saxony
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Snop chooses European leader in decentralized solar energy EDP to decarbonize its operations in several European countries
French automotive company Snop has selected EDP to develop solar power plants in its facilities in France, Spain, and Germany, accelerating its sustainability targets. This partnership also consolidates EDP’s position as a leader in decentralized solar energy in Europe and strengthens its ability to respond to multinational clients looking for this type of solution in … Continue reading Snop chooses European leader in decentralized solar energy EDP to decarbonize its operations in several European countries
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