Performance ahead of 2026 Strategic Plan goals, driven by increased demand in all countries Watch the webcast of the Full-Year Results 2024 Presentation here Accelerating growth Record investments of €17 billion, up 50% Increasing robustness Proposed dividend: €0.635 per share, up 15% Strong boost to the social dividend 2025 Outlook: improved forecasts Next Capital Markets … Continue reading Record investment of €17 billion boosts Iberdrola’s net profit to €5.612 billion, up 17%
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Iberdrola begins commissioning of the Valdecañas pumped storage hydroelectric power plant in Spain
Iberdrola Spain has begun commissioning the first group of the Valdecañas pumping station in Cáceres (Extremadura), which has a total capacity of 225 MW and includes a 15 MW hybrid battery and 7.5 MWh of stored energy. The combination of batteries and hydroelectric groups allows for increased storage in the Tajo system to 210 GWh … Continue reading Iberdrola begins commissioning of the Valdecañas pumped storage hydroelectric power plant in Spain
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Serbia allocates 645 MW of solar and wind power in latest auction
Serbia’s Ministry of Mines and Energy has closed its second round of renewable energy auctions, selecting 645 MW of solar and wind power projects for contracts for difference (CfD).Serbia’s original quota of 424.8 MW for solar and wind power plants was significantly exceeded, as 41 projects were submitted, with 7 for wind power plants and … Continue reading Serbia allocates 645 MW of solar and wind power in latest auction
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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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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
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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Growth in global electricity demand is set to accelerate in the coming years as power-hungry sectors expand
Increase in electricity consumption through 2027 expected to average around 4% annually, driven by growing use for industry, air conditioning, electrification and data centres The world’s electricity consumption is forecast to rise at its fastest pace in recent years, growing at close to 4% annually through 2027 as power use climbs in a range of … Continue reading Growth in global electricity demand is set to accelerate in the coming years as power-hungry sectors expand
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Global and non-China energy storage cell sales in 2024: company ranking
According to InfoLink’s Global Energy Storage Supply Chain Database, global energy storage cell shipments totaled 314.7 GWh in 2024, up 60% YoY. The market showed a trend of early decline followed by a rebound, with 4Q24 shipments increasing 19.7% QoQ, reaching the annual peak for 2024. Industry concentration remains high, with the top ten manufacturers … Continue reading Global and non-China energy storage cell sales in 2024: company ranking
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Definition of Battery Energy Storage System
A BESS is a modular, electrochemical framework to store energy from the grid or distributed generation sources in rechargeable battery modules with management controls. Each module has high-density lithium-ion cells or sodium-sulfur or vanadium redox flow chemistries to regulate charge and discharge cycles. Systems are integrated with power conversion equipment and a battery management system. … Continue reading Definition of Battery Energy Storage System
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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
Continue readingThe expansion of renewable solar and wind power has outpaced the expansion of corresponding energy storage systems
The rise in atmospheric CO2 (419.3 ppm in 2023) has intensified heatwaves and droughts. Notably, the 2025 wildfires in Southern California prompted 180,000 evacuations and at least 10 fatalities. So, the global community is adopting Net Zero strategies to moderate climate change. For example, the European Union may attain net-zero emissions by 2050. China aims … Continue reading The expansion of renewable solar and wind power has outpaced the expansion of corresponding energy storage systems
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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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Energy transition outlook: EU
These are challenging times for Europe’s energy transition. The EU Parliament and national governments emerged from 2024 elections more fragmented as parties deprioritising low-carbon agendas and critical of established policies made gains. The ongoing Russia/Ukraine war continues to shine a spotlight on energy security and the role of renewables in displacing imported gas. Meanwhile, Trump’s … Continue reading Energy transition outlook: EU
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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
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Canadian Solar’s e-STORAGE to Deliver 960 MWh of Energy Storage Systems for Copenhagen Infrastructure Partners in Australia
Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that e-STORAGE, which is part of the Company’s majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”), has signed a contract with Copenhagen Infrastructure Partners (“CIP”) through its fifth flagship fund Copenhagen Infrastructure V to deliver 240 MW/960 MWh battery energy storage systems in Summerfield, South … Continue reading Canadian Solar’s e-STORAGE to Deliver 960 MWh of Energy Storage Systems for Copenhagen Infrastructure Partners in Australia
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