In 2010 it took an average of a month to install one gigawatt of solar capacity. By 2015, this pace quickened to a week, and in 2023, it is expected to exceed one gigawatt per day. In the last decade, the global solar power landscape has transformed dramatically, according to a summary by Solcellskollen. Looking … Continue reading Solar power has seen a remarkable increase in capacity worldwide
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China’s wind, solar and hydropower capacity exceeds 1.4 TW
China has become a global leader in renewable energy with total installed capacity exceeding 1.4 TW, a milestone that shows the country’s commitment to renewable energy. China’s National Energy Administration (NEA) announced last week that renewable energy now accounts for approximately 49.9% of the country’s total electricity generation capacity. According to the NEA, this impressive … Continue reading China’s wind, solar and hydropower capacity exceeds 1.4 TW
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Solar Power Poised to Dominate Global Renewable Energy Market
Solar power is set to emerge as the leading choice in renewable energy development worldwide by the end of this year, as increasing installation costs of other technologies drive up their prices. According to a report by Fitch Solutions, global renewable energy capacity is projected to expand by approximately 380 gigawatts (GW) in 2023, with … Continue reading Solar Power Poised to Dominate Global Renewable Energy Market
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Heads of State Accelerate the Partnership for Renewables in Africa at COP28
Leaders of the ‘Accelerated Partnership for Renewables in Africa’ (APRA) gathered at the COP28 in Dubai today to drive a resilient and inclusive green growth in Africa through renewables. In a joint declaration, Kenya’s President William Samoei Ruto, Namibia’s Deputy-Prime Minister Netumbo Nandi-Ndaitwah, the Danish Prime Minister Mette Frederiksen and the German Chancelor Olaf Scholz … Continue reading Heads of State Accelerate the Partnership for Renewables in Africa at COP28
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European solar power companies warn against import curbs
More than 400 companies involved in Europe’s solar power sector urged policymakers on Wednesday not to launch a trade investigation that could lead to EU tariffs on imported solar products. The call comes ahead of a meeting of solar industry chiefs, national ministers and the EU commissioner for the internal market, Thierry Breton, on Friday … Continue reading European solar power companies warn against import curbs
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EDP Renewables strengthens its role in Poland’s energy transition by being awarded a long-term contract in the latest tender
EDPR chosen by the public institutions to further generate clean electricity for the Polish grid, now through the Recz solar project; The company has recently inaugurated in Poland one of its largest PV plants in Europe and has implemented the first wind and solar hybrid park of the country. EDP Renewables (EDPR), a global leader … Continue reading EDP Renewables strengthens its role in Poland’s energy transition by being awarded a long-term contract in the latest tender
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The potential of Africa’s renewable energy to power the continent’s future
Africa has a huge renewable energy capacity of 2,000 gigawatts (GW), according to a recent report by Abu Dhabi Future Energy Company (Masdar) and PwC Middle East. This capacity has the potential to meet the basic energy needs of the local population, which will have a significant impact on electrification rates. As one of the … Continue reading The potential of Africa’s renewable energy to power the continent’s future
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Clean technologies are driving job growth in the energy sector, but skills shortages are an increasing concern
The number of jobs in the global energy sector rose in 2022 as growing investment in clean energy technologies drove demand for new workers in every region of the world, according to a new IEA report that offers a benchmark for employment across all energy industries. The second edition of the World Energy Employment report, which is … Continue reading Clean technologies are driving job growth in the energy sector, but skills shortages are an increasing concern
Continue readingAsian economies must ramp up wind and solar power to keep global warming under 1.5C
To meet the goal of limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit), nine major Asian economies must increase the share of electricity they get from renewable energy from the current 6% to at least 50% by 2030, according to a report by a German thinktank released Wednesday. Nearly a third of that … Continue reading Asian economies must ramp up wind and solar power to keep global warming under 1.5C
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China to hold over 80% of global solar power manufacturing capacity from 2023-26
Despite local manufacturing policies in overseas markets, China’s expansion will dominate global solar supply chain, and widen the technology and cost gap. After investing over US$130 billion into the solar industry in 2023, China will hold more than 80% of the world’s polysilicon, wafer, cell, and module manufacturing capacity from 2023 to 2026, according to … Continue reading China to hold over 80% of global solar power manufacturing capacity from 2023-26
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Chinese state-owned enterprises are the largest owners of solar energy assets
At 240 GWdc, 2022 was the biggest year on record for global solar installations. That relentless growth translated into unprecedented expansions of the operational portfolios of the largest global solar asset owners. Solar portfolios from the top global solar asset owners, including Chinese players, grew by a record-shattering 44% in 2022. This was driven mostly … Continue reading Chinese state-owned enterprises are the largest owners of solar energy assets
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Acciona Energía signs MOU with the Cebu government for a 150MW solar plant
ACCIONA Energía has announced the signing of a Memorandum of Understanding (MOU) with the Provincial Government of Cebu (Philippines) and Filipino consultancy Freya Renewables for the development of a 150MW photovoltaic plant in the municipality of Daanbantayan, at the northern tip of the Island. The MOU was signed by Gwendolyn Garcia, Governor of Cebu, Rafael … Continue reading Acciona Energía signs MOU with the Cebu government for a 150MW solar plant
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Global solar power capacity to increase 32% compared to 2022
Solar energy continues its relentless penetration into the world’s energy system, driven by strong policy support, attractive pricing, and the technology’s modular nature. We expect over 320 GWdc of solar to be installed this year, which represents a 20% increase compared to our projections from last quarter. Our latest global solar forecasts have global installations … Continue reading Global solar power capacity to increase 32% compared to 2022
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The drop in the LCOE of solar and wind power drives the energy transition
Over the past decade, the LCOE (Levelized Cost Of Electricity) of renewable electricity generation technologies has dropped exponentially, driving the energy transition towards a 100% renewable system. The largest drops in LCOE since 2010 have been for onshore wind energy, 69%, solar photovoltaic energy, 89%, and offshore wind energy, 59%. This evolution of the renewable … Continue reading The drop in the LCOE of solar and wind power drives the energy transition
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Heineken and Engie inaugurate the largest concentrated solar power plant for industrial use in Europe
Heineken Spain and Engie Spain have built the largest solar thermal plant for industrial use in Europe, a completely pioneering innovation in Spain that the President of the Government, Pedro Sánchez, wanted to see firsthand by attending the inauguration ceremony held this Saturday in Seville. and in which Etienne Strijp, president of Heineken Spain, also … Continue reading Heineken and Engie inaugurate the largest concentrated solar power plant for industrial use in Europe
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Ingeteam consolidates its presence in Chile with a supply that will provide energy to some 170,000 households
Ingeteam will supply 164 solar photovoltaic inverters to Grenergy for the Gran Teno and Tamango photovoltaic projects. The projects, which will be commissioned in the coming months, will generate clean energy to supply around 170,000 Chilean households, as well as contributing to the reduction of annual CO2 emissions by more than 175,000 tons. In its … Continue reading Ingeteam consolidates its presence in Chile with a supply that will provide energy to some 170,000 households
Continue readingØrsted and Terra Solar team up to develop 400 MW portfolio of solar energy in Ireland
Ørsted has announced the development of a portfolio of Irish solar projects in a partnership with renewable energy developer Terra Solar, headquartered at NovaUCD in Dublin. With a capacity of up to 400 MW, the projects have the potential to power over 90,000 Irish homes. This latest partnership brings further momentum to Ørsted’s solar pipeline … Continue reading Ørsted and Terra Solar team up to develop 400 MW portfolio of solar energy in Ireland
Continue readingU.S. solar industry expects to add a record 32 gigawatts
The U.S. solar industry expects to add a record 32 gigawatts (GW) of new capacity in 2023, a 52% increase from 2022, according to the US Solar Market Insight Q3 2023 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie. The solar market has been hampered in recent years by supply … Continue reading U.S. solar industry expects to add a record 32 gigawatts
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Top 10 solar PV inverter vendors account for 86% of global market share
The top 10 global solar photovoltaic (PV) inverter vendors accounted for 86% of market share in 2022, increasing by 4% year-over-year since 2021, according to latest analysis by Wood Mackenzie, a global insight business for renewables, energy and natural resources. The global PV demand of 201 gigawatt alternating current (GWac) in 2022 contributed to 48% … Continue reading Top 10 solar PV inverter vendors account for 86% of global market share
Continue readingSolar power construction breaking records around the world
Projections in Wood Mackenzie’s latest Global Solar PV Market Outlook show that the industry’s buildout is continuing to accelerate in all regions. We expect to see PV installations to hit a new record in 2023 at nearly 270 gigawatts DC. We expect the pace to continue to accelerate, reaching 330 GW DC a year by … Continue reading Solar power construction breaking records around the world
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