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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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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Voltalia signs a PPA for its 526 MW hybrid wind power and photovoltaic project in Uzbekistan
Voltalia has signed a power purchase agreement (PPA) with state-owned utility JSC Uzenergosotish for its 526 MW Artemisya hybrid project in Uzbekistan. The Artemisya project is located in the Bukhara region and combines 126 MW of solar power, 300 MW of wind power, and 100 MW/200 MWh of battery storage. The PPA will provide JSC … Continue reading Voltalia signs a PPA for its 526 MW hybrid wind power and photovoltaic project in Uzbekistan
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New Report Finds Urgent Need to Expand Energy Supply to Meet Rapidly Growing Future Demand
Electricity demand in the United States is projected to surge by an unprecedented amount over the coming decade, according to a report released today by S&P Global Commodity Insights. This rapid growth, driven by a diverse set of factors, signals an extraordinary opportunity for the American economy and electricity sector: meeting this growing demand will require an … Continue reading New Report Finds Urgent Need to Expand Energy Supply to Meet Rapidly Growing Future Demand
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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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European electricity market prices rose in February driven by gas and falling wind energy production
Prices in the main European electricity markets rose in February 2025, in many cases reaching their highest level since March 2023. This rebound was driven by rising gas prices, which also marked their highest monthly average since that date. In addition, wind energy production fell, in some markets registering its lowest level for February in … Continue reading European electricity market prices rose in February driven by gas and falling wind energy production
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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 Energy Dominates in 2024
93% of new energy capacity that came online last year was solar, wind, and storage. 49 GW of clean energy installed in 2024. Clean energy in the U.S. surpasses 300 GW of overall capacity. The American Clean Power Association (ACP) today released its Snapshot of Clean Power in 2024, a preview of the upcoming full … Continue reading Clean Energy Dominates in 2024
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New decree encourages development of wind and solar energy in Vietnam
The research and development of technology in Vietnam’s wind and solar power sectors are being actively encouraged and supported, according to a recently issued government decree. The research and development of technology in Vietnam’s wind and solar power sectors are being actively encouraged and supported, according to a recently issued government decree. The decree, which … Continue reading New decree encourages development of wind and solar energy in Vietnam
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In the last week of February, wind energy production increased in most major European markets compared to the previous week
In the last week of February, weekly prices in most major European electricity markets were above €100/MWh. In almost all of them, the weekly average was higher than the previous week, although the increases did not exceed 12%. Spain, Portugal and France registered the highest photovoltaic energy production for a February day and wind energy … Continue reading In the last week of February, wind energy production increased in most major European markets compared to the previous week
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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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Avangrid (Iberdrola) Approaches Milestone of 10.5 GW Installed Energy Generating Capacity
Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced that it is approaching 10.5 Gigawatts (GW) in installed energy generating capacity spread across the Company’s portfolio. With assets in 24 states and growing, Avangrid’s generating capacity is capable of powering about 3.1 million average U.S. homes. “With Americans across the … Continue reading Avangrid (Iberdrola) Approaches Milestone of 10.5 GW Installed Energy Generating Capacity
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New targets, old challenges in Turkish wind and solar tenders
In 2016, Türkiye launched the Renewable Energy Resource Zone (YEKA) auctions to develop large-scale solar and wind projects, simplify the allocation of suitable lands, and encourage local manufacturing of renewable energy equipment. Through this model, the Ministry of Energy and Natural Resources (MENR) identifies suitable sites, announces them as candidate YEKA areas, and gathers views … Continue reading New targets, old challenges in Turkish wind and solar tenders
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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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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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