During this month of October, renewables have generated 15.4% more than in the same period of the previous year and have accounted for 55.9% of the monthly mix. Wind energy leads the generation structure by producing 26.3% of the national total recorded in the month of October.National electricity demand experienced an increase of 1.9% in … Continue reading Wind energy leads generation in Spain with 26.3% in October and photovoltaic reached 13.4%
Continue readingCategory Archives: Other renewables
East China county committed to develop comprehensive green energy industry
A worker checks equipment at a workshop of a wind power equipment company in Rudong County of Nantong City, east China’s Jiangsu Province, Nov. 2, 2024. In recent years, the coastal county of Rudong has developed a comprehensive green energy industry that integrates resource development, equipment manufacturing, and full utilization. The county has established offshore … Continue reading East China county committed to develop comprehensive green energy industry
Continue reading
Photovoltaic and wind energy in the fourth week of October
In the fourth week of October, TTF gas futures prices increased, reaching values not seen since November 2023. CO2 futures also rose. Wind energy production declined in most markets and demand increased in some markets. All these factors led to higher prices in most major European electricity markets. On October 22, photovoltaic energy registered the … Continue reading Photovoltaic and wind energy in the fourth week of October
Continue reading
Global LCOE (levelized cost of electricity) competitiveness of wind power and photovoltaic (PV) is increasing
The cost competitiveness of these technologies varies significantly across regions, but overall, renewables are on track to overtake traditional fossil fuel sources. Wood Mackenzie has released five regional Levelised Cost of Electricity (LCOE) reports for 2024, which provide an in-depth analysis of the evolving electricity cost landscape across global markets. These reports, covering Asia Pacific … Continue reading Global LCOE (levelized cost of electricity) competitiveness of wind power and photovoltaic (PV) is increasing
Continue reading
US 2023 photovoltaic, wind power, geothermal output up 200% from 2014
15 states had at least 30% power from renewables in 2023. Southeastern US sees surge in photovoltaic generation. The US generated about three times as much electricity from solar, wind and geothermal resources in 2023 than it did in 2014, a decade-long stretch that also saw the percentage of national retail power sales from these … Continue reading US 2023 photovoltaic, wind power, geothermal output up 200% from 2014
Continue reading
Highest investment period boosts Iberdrola’s results to record levels
Strong operations underpin growth Increased financial strength Shareholder remuneration: record interim dividend: €0.23 per share, an increase of 14%. Record market capitalisation: Record stock market capitalisation highs (close to €90 billion). Improvement in year-end forecasts: 14% increase in full-year net profit, in line with the growth of the interim dividend. Accelerating the Strategic Plan and seizing … Continue reading Highest investment period boosts Iberdrola’s results to record levels
Continue reading
EIB and Iberdrola sign 120 million loan for energy innovation projects in Spain
The European Investment Bank (EIB) today signed a EUR 120 million loan with Iberdrola to finance the development of energy technology research and innovation projects aimed at contributing to and accelerating the electrification and decarbonisation of the economy. The total investment associated with the project will be €250 million. The EIB funding will be used … Continue reading EIB and Iberdrola sign 120 million loan for energy innovation projects in Spain
Continue readingPhotovoltaic and wind power in the third week of October
European electricity market prices rise in the third week of October due to lower renewable energy production and higher demand. In the third week of October, prices in the main European electricity markets remained at similar levels to those observed during the month. Most markets registered higher weekly averages than those of the previous week, … Continue reading Photovoltaic and wind power in the third week of October
Continue reading
Türkiye aims to increase wind energy and photovoltaic
Türkiye is setting ambitious goals for its energy sector, with plans to raise the share of renewable energy in electricity production to 47.8% by 2025, according to the Ministry of Energy and Natural Resources’ 2025 budget proposal. The ministry also targets a reduction in natural gas’s contribution to electricity production to 18.9%.Expansion of renewable energy … Continue reading Türkiye aims to increase wind energy and photovoltaic
Continue reading
Clean energy: The biggest opportunity on the planet
In the little over four years since Ember launched, the global energy landscape has undergone a seismic shift. And with that, so too must the way we talk about the energy transition. What follows is a reflection on how our thinking has evolved – and why we’re more energised than ever about what’s coming next. … Continue reading Clean energy: The biggest opportunity on the planet
Continue reading
Photovoltaic, wind power projects of over 10 GW in Albania await grid access
Albania’s Transmission System Operator (OST) said in its report for 2023 that developers of 133 wind power and photovoltaic solar projects applied for grid connections. Their total planned capacity is just under 10.5 GW. However, the state-owned company signed only three contracts. Wind energy and photovoltaic solar power plant projects in Albania have by far … Continue reading Photovoltaic, wind power projects of over 10 GW in Albania await grid access
Continue reading
Geopolitical tensions are laying bare fragilities in the global energy system, reinforcing need for faster expansion of photovoltaic and wind energy
World Energy Outlook 2024 shows critical choices facing governments and consumers as period of more ample supplies nears and surging electricity demand reshapes energy security Regional conflicts and geopolitical strains are highlighting significant fragilities in today’s global energy system, making clear the need for stronger policies and greater investments to accelerate and expand the transition … Continue reading Geopolitical tensions are laying bare fragilities in the global energy system, reinforcing need for faster expansion of photovoltaic and wind energy
Continue reading
The combined accumulated power of wind and photovoltaic energy grows by 12.7% in 2023 in Spain
Wind power, solar photovoltaic and concentrated solar power (CSP) sources reached a combined accumulated power of 59,106 megawatts (MW) in 2023, which represents an increase of 12.7% compared to the previous year, according to the DBK Sector Observatory of Informa, a subsidiary of Cesce.The study reflects that in 2023 the upward trend in installed renewable … Continue reading The combined accumulated power of wind and photovoltaic energy grows by 12.7% in 2023 in Spain
Continue readingThe recovery of wind energy production in Europe in the second week of October favors the price fall in the electricity markets
In the second week of October, wind energy production in most major European markets recovered after the previous week’s falls, favoring weekly price declines in most electricity markets. On an hourly basis, some markets registered negative prices, while others registered the highest prices since at least February 2024. In Italy, photovoltaic energy production reached a … Continue reading The recovery of wind energy production in Europe in the second week of October favors the price fall in the electricity markets
Continue reading
Galán confirms Iberdrola’s commitment to the UK at the International Investment Summit with Starmer
Iberdrola is consolidating its position as one of the major companies in the United Kingdom, and its Executive Chairman Ignacio Galán, in the context of the new British government’s first international investment summit, met with the country’s Prime Minister, Keir Starmer, and other members of the Government to present the electricity company’s new roadmap in the … Continue reading Galán confirms Iberdrola’s commitment to the UK at the International Investment Summit with Starmer
Continue reading
Ecuador needs to boost photovoltaic and wind power to reduce dependence on hydroelectric energy
Renewable energies, such as solar photovoltaic, wind, hydroelectric, geothermal and biomass, lead the energy transformation worldwide. The main objective is to reduce dependence on fossil fuels and mitigate environmental impact. Diversification is key. According to data from the National Electricity Operator (Cenace), 72% of Ecuador’s energy depends on water. This dependence has led to the … Continue reading Ecuador needs to boost photovoltaic and wind power to reduce dependence on hydroelectric energy
Continue reading
Tracking progress toward tripling renewable energy capacity and doubling energy efficiency by 2030
A key aspect of the text of the Outcome of the First Global Stocktake was the explicit recognition of the role of renewable energy in rapidly and drastically reducing global greenhouse gas emissions to align the world with a 1.5°C-compatible pathway. To this end, the text called on all Parties to the Convention to contribute … Continue reading Tracking progress toward tripling renewable energy capacity and doubling energy efficiency by 2030
Continue readingMassive global growth of renewables to 2030 is set to match entire power capacity of major economies today, moving world closer to tripling goal
With photovoltaic solar leading their rapid deployment, renewables are on course to meet almost half of global electricity demand by the end of this decade, new IEA report says Due to supportive policies and favourable economics, the world’s renewable power capacity is expected to surge over the rest of this decade, with global additions on … Continue reading Massive global growth of renewables to 2030 is set to match entire power capacity of major economies today, moving world closer to tripling goal
Continue reading
Energy storage, essential for photovoltaics and wind power, is a solved problem
There are thousands of extraordinarily good pumped hydro storage sites around the world with an extraordinarily low investment cost. When combined with batteries, the resulting hybrid system has large energy storage, low cost for both energy and power, and fast response. Storage is a solved problem. In 2023, twice as much solar generation capacity was … Continue reading Energy storage, essential for photovoltaics and wind power, is a solved problem
Continue reading
Photovoltaic and wind energy in the first week of October
In the first week of October, TTF gas futures prices for the Front?Month rose, reaching the highest settlement price since early December, above €40/MWh, on Friday, October 4. Rising gas prices, together with declining renewable energy production and rising demand in most markets, boosted prices in most European electricity markets. Photovoltaic energy reached production records … Continue reading Photovoltaic and wind energy in the first week of October
Continue reading