India must double its annual solar and wind capacity additions over the next five years to meet its 2030 clean energy targets, despite record additions in 2024, Global Energy Monitor (GEM) said in a report on Wednesday. India added nearly 28 gigawatts (GW) of solar and wind capacity in 2024, with solar additions accounting for … Continue reading India must double renewable capacity additions to meet 2030 clean-energy targets
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Renewable energy producers are grouped into a single entity in Argentina
The Argentine Wind Chamber (CEA) announced its evolution towards a new identity that brings together renewable energy generators from different sources, it said, which reflects its commitment to a more sustainable energy future. The entity was born as a group of companies whose energy production area was wind energy and with this decision it incorporates … Continue reading Renewable energy producers are grouped into a single entity in Argentina
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Photovoltaic and wind energy in the third week of February
In the third week of February, prices fell in the main European electricity markets, with most of them reaching weekly averages below €110/MWh. Several factors contributed to these declines. On the one hand, the fall in gas and CO2 prices, as well as the decline in demand. On the other hand, the increase in renewable … Continue reading Photovoltaic and wind energy in the third week of February
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Chinese renewable energy investments hit record $940 billion in 2024
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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Mingyang Smart Energy to build 425 MW wind and photovoltaic plants in Sindh
The Chinese company Mingyang Smart Energy Group Co., Ltd. and the Energy Department of Sindh signed the strategic cooperation agreement to enhance clean energy collaboration. Under the agreement, Mingyang Smart Energy will construct a 350MW wind-solar integrated power storage project and a 75MW wind power project in Sindh. These projects are expected to be completed … Continue reading Mingyang Smart Energy to build 425 MW wind and photovoltaic plants in Sindh
Continue readingEuropean 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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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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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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Avangrid to Construct New Projects to Meet Surging Energy Demand from AI Data Center Growth
Avangrid, Inc., a leading energy company and member of the Iberdrola Group, is helping deliver energy to the organizations operating data centers that will power the AI revolution, and actively working to bring more reliable electricity generation online to support growing demand. According to a December report from the U.S. Department of Energy, data center … Continue reading Avangrid to Construct New Projects to Meet Surging Energy Demand from AI Data Center Growth
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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
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Power shift: How the Baltic Synchronisation strengthens Europe’s energy security
Estonia, Latvia and Lithuania are celebrating the successful synchronisation of their electricity grids with Europe’s Continental European Network (CEN). At yesterday’s “Energy Independence Day of the Baltic States” the three Baltic States broke with a legacy of their Soviet past, the synchronisation of their electricity grids with Russia and Belarus. Connecting their electricity grids with … Continue reading Power shift: How the Baltic Synchronisation strengthens Europe’s energy security
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Spain approved 10 photovoltaic and hybridisation projects in the first week of February
The Official State Gazette contains the announcements corresponding to the first week of February of 10 photovoltaic and hybridisation projects, including a 9 MW self-consumption plant in Córdoba.Report on the determination of environmental impact of the Cabeza Mesá photovoltaic solar park project, of 27.3 MW, and its evacuation infrastructure, for hybridisation with the Cabeza Mesá … Continue reading Spain approved 10 photovoltaic and hybridisation projects in the first week of February
Continue readingSpain approves 24 photovoltaic and hybrid projects for 1.69 GW in January
Environmental impact statement for the Madrid Norte 1 photovoltaic plant project, 69 MW, for its evacuation infrastructure, in the provinces of Guadalajara and Madrid. The plant is promoted by Matrix Renovables. Prior administrative authorisation for modifications and administrative authorisation for construction for the Los Pradillos photovoltaic plant, 361.4 MW, and its evacuation infrastructure, in Carranque, … Continue reading Spain approves 24 photovoltaic and hybrid projects for 1.69 GW in January
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