The EU’s electricity transition continued at pace in 2024, as photovoltaic solar overtook coal for the first time and gas declined for the fifth year in a row. Download PDF The European Electricity Review analyses full-year electricity generation and demand data for 2024 in all EU-27 countries to understand the region’s progress in transitioning from … Continue reading European Electricity Review 2025: Wind power and photovoltaic solar avoided €59 billion in fossil fuel imports
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Power and renewables: predictions for 2025
What to watch in the year ahead, from China’s renewable energy capacity growth to floating solar expansion in Asia Pacific and why it might be a year of contradictions in Europe. What to watch in the year ahead, from China’s renewable energy capacity growth to floating solar expansion in Asia Pacific and why it might … Continue reading Power and renewables: predictions for 2025
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Renewables in China experienced a stellar year in 2024, with total installed capacity of wind power and photovoltaic exceeding 1,400 GW
Solar saw the biggest leap, with a record-breaking 45.2% increase (+277 GW), achieving 887 GW overall. Wind power also saw solid growth, climbing 18% (+80 GW) to almost 521 GW. China’s renewable energy sector experienced a stellar year in 2024, with the total installed capacity of wind and solar power surpassing 1.4 billion kilowatts, further … Continue reading Renewables in China experienced a stellar year in 2024, with total installed capacity of wind power and photovoltaic exceeding 1,400 GW
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Photovoltaic energy continues to set records, but cold weather and CO2 prices make European electricity markets more expensive in the third week of January
In the third week of January, prices rose in most major European electricity markets, driven by lower wind energy production, increased demand due to colder temperatures and higher gas and CO2 prices. On January 17, CO2 futures reached the highest settlement price since late May. Solar photovoltaic energy production increased, setting all?time records for a … Continue reading Photovoltaic energy continues to set records, but cold weather and CO2 prices make European electricity markets more expensive in the third week of January
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China’s photovoltaic (PV), wind power installations soared to record in 2024
China broke its own records for new wind power and photovoltaic (PV) solar power installations again last year, official data showed on Tuesday, accelerating from a breakneck pace set in 2023 as the country looks to peak its carbon emissions before 2030.Installed photovoltaic (PV) and wind power capacity climbed 45.2% and 18%, respectively, in 2024, … Continue reading China’s photovoltaic (PV), wind power installations soared to record in 2024
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Recent data from the International Energy Agency, the World Nuclear Association and Ember showed that solar power was deployed 100 times faster than nuclear power around the world in 2024 – and “five times faster than everything else combined” (hydro, coal, gas, nuclear and others), according to a new report by PV Mag. Net new … Continue reading
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Response from the Spanish Wind Energy Association to the SEO/Birdlife “Eco-illogical” campaign
Response from the Spanish Wind Energy Association to the SEO/Birdlife “Eco-illogical” campaign: Renewables are part of the solution to climate change and also a responsible example of harmonious coexistence with biodiversity in Spain. From the Spanish Wind Energy Association (AEE), we recognize the commitment of SEO/BirdLife to the defense of biodiversity and we share the … Continue reading Response from the Spanish Wind Energy Association to the SEO/Birdlife “Eco-illogical” campaign
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Suomen Voima and Statkraft sign the first PPA in Sweden for hydro and wind power
Suomen Voima and Statkraft have signed a 15-years power purchase agreement (PPA), effective as of January 2025. The contract corresponds to an estimated annual volume of 100 GWh, produced in the Nedre Bjurfors hydropower plant and the Björkhöjden wind farm. Both plants are owned and operated by Statkraft and are in the Swedish bidding area … Continue reading Suomen Voima and Statkraft sign the first PPA in Sweden for hydro and wind power
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Mexico plans to eliminate the dirtiest energy and switch to solar photovoltaic, wind power and hydroelectric power
With priority given to the combined cycle (gas) which is equivalent to 58.9 percent of electricity generation for 2024-2030, the Mexico Plan contemplates increasing the generation of clean energy from 22.5 percent in 2024 to 37.8 percent in 2030, as well as eliminating the use of coal. The Government of Claudia Sheinbaum Pardo detailed in … Continue reading Mexico plans to eliminate the dirtiest energy and switch to solar photovoltaic, wind power and hydroelectric power
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As China ramps up investment in concentrated solar power (CSP), is the technology poised for a revival?
Thousands of mirrors neatly arranged in concentric circles gaze up at an enormous concrete pillar towering 195 meters (640 feet) above the desert sand. Not far from Las Vegas, the Crescent Dunes concentrating solar power plant looks like something from a sci-fi flick. But it’s actually a real-world billion-dollar megaproject, completed in 2015 with the goal of making electricity for … Continue reading As China ramps up investment in concentrated solar power (CSP), is the technology poised for a revival?
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Gas, wind energy and demand again marked a mixed evolution of European electricity market prices in the second week of 2025
In the second week of 2025, gas prices, wind energy and demand again marked a mixed evolution in the main European electricity markets. Declining gas prices and increased wind energy production drove prices down in some markets, while in others, rising demand favored the increase in prices. In the British N2EX market, on January 10 … Continue reading Gas, wind energy and demand again marked a mixed evolution of European electricity market prices in the second week of 2025
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Chile sets wind and photovoltaic records in 2024
In December 2024, Chile generated 42% of its electricity from wind and photovoltaic, surpassing the previous monthly record of 39.6% set in September 2024. This is according to the latest figures from global energy think tank Ember, which show that throughout 2024, solar and wind generated a record 33% of Chile’s electricity, up from 30% … Continue reading Chile sets wind and photovoltaic records in 2024
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Off-Grid Energy Mastery: Your Comprehensive Guide to Battery Systems and Photovoltaic Solar Integration
Broadly speaking, off-grid batteries capture and store energy generated from solar panels. These batteries are important in making sure you’ve got a continuous power supply, especially during periods when sunlight is unavailable. Essentially, they enable you to harness solar energy, provide resilience against grid outages, and often result in long-term cost savings. To get a … Continue reading Off-Grid Energy Mastery: Your Comprehensive Guide to Battery Systems and Photovoltaic Solar Integration
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India to reach 97.86 GW of photovoltaic (PV) and 48.16 GW of wind power in 2024
India’s renewable energy sector has made remarkable progress, the Union Ministry of New and Renewable Energy (MNRE) has reported. Between December 2023 and December 2024, the total installed renewable energy capacity reached 209.44 GW, reflecting a growth of 15.84% compared to 180.80 GW in December 2023. This achievement underlines India’s commitment to its clean energy … Continue reading India to reach 97.86 GW of photovoltaic (PV) and 48.16 GW of wind power in 2024
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Iberdrola, the world’s leading private utility in terms of R&D&I investment for the third year running
Iberdrola has been recognised for the third consecutive year as the world’s leading private utility in terms of investment in innovation and development, according to the European Commission in its report ‘The 2024 Industrial R&D Investment Scoreboard‘, after allocating €384 M to the area in 2023. The European Commission has analysed the 2,000 largest companies … Continue reading Iberdrola, the world’s leading private utility in terms of R&D&I investment for the third year running
Continue readingRising gas prices and wind energy mark a mixed start to the year in European electricity markets
In the first week of 2025, TTF gas futures rose, reaching the highest settlement price since October 2023, above €50/MWh. This, coupled with rising CO2 prices and electricity demand, as well as declining photovoltaic energy production, supported higher prices in some of the main European electricity markets. In contrast, the increase in wind energy production … Continue reading Rising gas prices and wind energy mark a mixed start to the year in European electricity markets
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Solar photovoltaics (PV) and storage: better together
Grid and storage readiness is key to accelerating the energy transition. Connecting renewable energy to the power system needs grid infrastructure, both at transmission and distribution levels, including overhead lines, underground and submarine cables and power substations. Despite the obvious, this fact has been widely overlooked in several regions. Urgent actions must be taken to … Continue reading Solar photovoltaics (PV) and storage: better together
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China’s largest marine solar photovoltaic (PV) and hydrogen power plant starts operation
A large-scale photovoltaic (PV) and hydrogen park, located in the tidal flat area of ??eastern China, has officially started operation, according to its owner, Guohua Energy Investment Co., Ltd., belonging to CHN Energy Investment Group (CHN Energy). The energy park, the largest of its kind in China, is officially known as the Rudong marine solar … Continue reading China’s largest marine solar photovoltaic (PV) and hydrogen power plant starts operation
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In 2024 European electricity markets reached their lowest prices since 2021 thanks to renewable energy and falling gas prices
In 2024, the main European electricity markets reached the lowest yearly prices since 2021, in most cases below €80/MWh. Gas prices were also the lowest since 2021, which contributed to the declines in electricity market prices, along with lower CO2 prices. Solar photovoltaic energy reached historical production records in all markets and wind energy in … Continue reading In 2024 European electricity markets reached their lowest prices since 2021 thanks to renewable energy and falling gas prices
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During the month of December, renewables generated 47.6%, with wind energy being the leading technology in the mix in Spain
Demand for electricity in Spain increased by 1.5% in December. During this month of December, renewables generated 47.6%, with wind power being the leading technology in the national mix. In 2024, renewables will reach a share of 55.8% of the total Spanish mix, as Red Eléctrica anticipated in its year-end estimates, with photovoltaics reaching 16.7% … Continue reading During the month of December, renewables generated 47.6%, with wind energy being the leading technology in the mix in Spain
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