Even demand in advanced economies is rising again after years of declines, with rapid growth of electricity worldwide driving up consumption of renewables, gas, coal and nuclear Global energy demand grew at a faster-than-average pace in 2024 as the consumption of electricity rose around the world – with increased supply of renewables and natural gas … Continue reading IEA-Growth in global energy demand surged in 2024 to almost twice its recent average
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RWE achieves strong earnings in 2024 and invests heavily in expanding its renewables portfolio
RWE can look back on a successful 2024 fiscal year. Group earnings exceeded expectations, with adjusted EBITDA of €5.7 billion and adjusted net income of €2.3 billion. The company continued to expand its portfolio, investing a total of €10 billion net in offshore and onshore wind farms, solar farms, battery storage systems and electrolysers. New plants with a … Continue reading RWE achieves strong earnings in 2024 and invests heavily in expanding its renewables portfolio
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Zelestra Signs Contract with SJVN to Supply Wind and PV Power in India with Battery Storage
The innovative hybrid multi-technology project will deliver 24/7 clean energy generation, with wind, solar and battery storage technology ensuring firm generation during peak morning and evening demand hours in Maharashtra, India. Zelestra will begin work this year on approximately 250 MWdc solar, 180 MW wind power and a 90 MWh battery energy storage system (BESS) … Continue reading Zelestra Signs Contract with SJVN to Supply Wind and PV Power in India with Battery Storage
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European power in 2025: the pace, opportunities and challenges of the transition
Exploring Europe’s energy storage gigawatt-scale revolution, and the hydrogen roadmap to 2030 and beyond. The decarbonisation of Europe’s energy offers vast opportunities, yet also comes with significant challenges, particularly around renewable power and the integration of new wind and solar supply in systems. As renewables are rolled out, system flexibility and electricity demand have struggled … Continue reading European power in 2025: the pace, opportunities and challenges of the transition
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UK CMA clears Iberdrola’s acquisition of Electricity North West
Today, the UK Competition and Markets Authority (CMA) cleared the acquisition of an 88% shareholding in the electricity distribution network operator Electricity North West (ENW) by Iberdrola, S.A., through its subsidiary ScottishPower. The acquisition is part of Iberdrola’s strategy to strengthen its networks business in countries with strong ratings, such as the UK. Iberdrola, through … Continue reading UK CMA clears Iberdrola’s acquisition of Electricity North West
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Energy Storage’s Meteoric Rise Breaks Another Record
The U.S. energy storage market set a new record in 2024 with 12.3 gigawatts (GW) of installations across all segments, according to the latest U.S. Energy Storage Monitor report released today by the American Clean Power Association (ACP) and Wood Mackenzie. The report shows a total of 12,314 megawatts (MW) and 37,143 megawatt hours (MWh) … Continue reading Energy Storage’s Meteoric Rise Breaks Another Record
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Electricity from renewable sources will reach 47% in 2024 in the European Union
In 2024, 47.4% of net electricity generated in the EU came from renewable energy sources, up by 2.6 percentage points (pp) compared with 2023. Among EU countries, Denmark had the highest share of renewables in its net electricity generation with 88.8%, coming mostly from wind, followed by Portugal (87.4%, mostly wind and hydro) and Croatia … Continue reading Electricity from renewable sources will reach 47% in 2024 in the European Union
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G20+ Countries Hold the Key to the Global Renewable Target by 2030
To achieve the global goal of tripling renewable power capacity by 2030, the world’s largest emitters of CO2 emissions in G20 and beyond would need to more than double their annually added installed renewable capacity by 2030. Yet, progress falls short and is unevenly spread in a few economies according to data published by IRENA … Continue reading G20+ Countries Hold the Key to the Global Renewable Target by 2030
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During the week of March 10, wind energy production decreased in most major European markets
Low temperatures and decreased renewable energy production keep European electricity market prices above €100/MWh. In the second week of March, weekly prices in most major European electricity markets exceeded €100/MWh and were higher than in the previous week. Higher electricity demand, associated with colder temperatures, and lower wind and photovoltaic energy production compared to the … Continue reading During the week of March 10, wind energy production decreased in most major European markets
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56.8% of all electricity generated in Spain during 2024 will come from wind power, photovoltaic, or hydroelectric power
56.8% of all electricity generated in Spain last year used natural sources such as wind energy, photovoltaic, or hydroelectric power.The Spanish electricity system added 7.3 GW of new photovoltaic and wind power, the largest amount recorded in a single year to date, and a figure that elevates photovoltaic technology to the leading technology in terms … Continue reading 56.8% of all electricity generated in Spain during 2024 will come from wind power, photovoltaic, or hydroelectric power
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Acciona Energía Awarded Energy Management Contract for Madrid City Council
The contract, which will run until January 31, 2030, continues the work the company has been doing since 2017, when it was first awarded the contract for energy management of Madrid City Council. ACCIONA Energía has been awarded a €5.6 million contract to manage the energy of Madrid City Council’s public buildings for five years. … Continue reading Acciona Energía Awarded Energy Management Contract for Madrid City Council
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RWE switches on large-scale battery energy storage system in Eemshaven
The 35-megawatt battery system is RWE’s first in the Netherlands. The battery is part of the system integration solutions for the OranjeWind wind energy project. RWE has commissioned one of the largest Dutch battery storage systems in the Netherlands at its Eemshaven power station. With a total capacity of 35 megawatts (MW) and a storage … Continue reading RWE switches on large-scale battery energy storage system in Eemshaven
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In the first week of March, wind energy production increased in the German and Iberian markets compared to the previous week
Price declines and solar energy records mark the first week of March in European electricity markets. In the first week of March, prices declined in European electricity markets. Germany, France and Italy broke all?time records for solar photovoltaic energy production for a day in March, while wind energy production increased in Germany and the Iberian … Continue reading In the first week of March, wind energy production increased in the German and Iberian markets compared to the previous week
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Battery deployment continues to break records as prices fall
The global battery market is advancing rapidly as demand rises sharply and prices continue to decline. In 2024, as electric car sales rose by 25% to 17 million, annual battery demand surpassed 1 terawatt-hour (TWh) – a historic milestone. At the same time, the average price of a battery pack for a battery electric car dropped below USD 100 per … Continue reading Battery deployment continues to break records as prices fall
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The Expanding Need of Energy Storage in the Shift to Renewable Energy
Energy storage is crucial to the worldwide energy shift for power grid integration of renewable sources. Storage systems stabilize the grid with lower wind and solar intermittency. For instance, battery energy storage systems can balance supply and demand while absorbing surplus energy during peak output and releasing it during high demand. It lessens fossil-fuel peaking … Continue reading The Expanding Need of Energy Storage in the Shift to Renewable Energy
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Wind power generated 24.7% of electricity in Spain up to February
The demand for electricity in Spain fell by 3.4% in February. This variation takes into account the correction of working hours and temperatures, in a month of February that this year has one less day compared to 2024. Renewables produce 54.1% of the total in Spain in this second month of the year. National electricity … Continue reading Wind power generated 24.7% of electricity in Spain up to February
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Clean Power 2030 builds stability by cutting import reliance
The UK has a new Clean Power 2030 Action Plan, which aims to cut the use of gas power, but electrification is urgent to tackle energy imports across the rest of the economy. To stabilise energy bills the UK must cut imported fuels across the economy. ? Download PDF This report reviews the forecasted changes … Continue reading Clean Power 2030 builds stability by cutting import reliance
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Acciona posts €422 million and closes the year with a record turnover of €19.19 billion
ACCIONA Energy. Total installed wind and photovoltaic capacity increases to 15.35 GW (+2 GW) and the asset rotation plan is progressing solidly. NORDEX. The wind turbine manufacturer earns €7,299 million (+12.5%), with an EBITDA margin of 4.1% and accumulates a backlog of €12,778 million (+21.3%). ACCIONA closed 2024 with a net profit of €422 million … Continue reading Acciona posts €422 million and closes the year with a record turnover of €19.19 billion
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The Battle for Rare Earths: Who Controls the Minerals of the Future?
The map reveals the countries with the largest rare earth mineral reserves and the most abundant elements in each region.Rare earth minerals are essential for many modern technologies, from electric vehicle batteries and wind turbines to medical equipment. A new map highlights where the main deposits of these valuable resources are and their impact on … Continue reading The Battle for Rare Earths: Who Controls the Minerals of the Future?
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China’s installed power generation capacity to exceed 3,600 GWh by 2025
China aims to increase its total installed power generation capacity to more than 3,600 GW by 2025, according to the National Energy Administration. China will work to increase power output this year, keeping crude oil output above 200 million tons and adding more than 200 GW of wind power and photovoltaic (PV) generation capacity, the … Continue reading China’s installed power generation capacity to exceed 3,600 GWh by 2025
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