Their production rises by almost 11% in a record year, twice over: it records the highest renewable production and its highest share since records began. Solar photovoltaics overtakes the combined cycle and is in third place in the mix for the first time in a year once again led by wind power, with 23%. Forecasts … Continue reading Renewable energies generate 56% of the Spanish electricity mix in 2024
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Inflation Reduction Act Delivers Massive Economic Boost and 4X Return on Investment
A new independent study reveals that the Inflation Reduction Act (IRA) will deliver substantial economic benefits for the United States, notably growing the economy by $1.9 trillion over the next ten years. The benefits extend across the energy sector, positively impacting renewable resources, oil, gas, hydrogen, nuclear energy, and battery storage systems as well as … Continue reading Inflation Reduction Act Delivers Massive Economic Boost and 4X Return on Investment
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LRE begins commercial operations of the 200 MW Morrow Lake Solar photovoltaic (PV) power plant in Texas
LRE (Leeward Renewable Energy) today announced the completion and commercial operation of its 200-megawatt (MW) Morrow Lake Solar project. Located in Frio County, Texas, the project will provide Microsoft Corp. (“Microsoft”) renewable energy under a previously announced long-term power purchase agreement. Morrow Lake Solar is the first of two solar facilities developed under the agreement … Continue reading LRE begins commercial operations of the 200 MW Morrow Lake Solar photovoltaic (PV) power plant in Texas
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Spain increases greenhouse gas emissions by 1%
Greenhouse gas emissions rose by 1% in Spain this year compared to 2023 and were at the third lowest point in the historical series, which begins in 1990. This is set out in a report prepared by the Sustainability Observatory (OS) and prepared by the economist and climate change expert José Santamarta, as lead author, … Continue reading Spain increases greenhouse gas emissions by 1%
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Acciona Energía installs a battery storage system at the Extremadura I-II-III Photovoltaic Plant
ACCIONA Energía has started the installation of a battery energy storage system (BESS) using recycled batteries from electric vehicles at its Extremadura I-II-III photovoltaic plant in Almendralejo (Badajoz). The plant was built to support a Power Purchase Agreement with the global pharmaceutical group Novartis AG. The facility features two containers with a combined capacity of … Continue reading Acciona Energía installs a battery storage system at the Extremadura I-II-III Photovoltaic Plant
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RWE reaches 10 gigawatts in wind power and photovoltaic in the US
RWE, a leading global energy company, has reached a significant growth milestone in the U.S. after hitting 10 gigawatts (GW) of installed generation capacity of onshore wind, solar and energy storage facilities in operation from coast to coast. The company owns and operates a diverse portfolio of more than 170 facilities in 24 U.S. states, … Continue reading RWE reaches 10 gigawatts in wind power and photovoltaic in the US
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India to mandate energy storage for photovoltaic, wind power projects
India’s Ministry of New and Renewable Energy (MNRE) may soon introduce new policies which will mandate the inclusion of battery storage in new solar and wind projects. Speaking at the 21st edition of the Global MSME Business Summit organized by the Confederation of Indian Industry (CII), MNRE Secretary Prashant Kumar Singh said that the government is … Continue reading India to mandate energy storage for photovoltaic, wind power projects
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EU adds 66 GW of solar photovoltaic (PV) in 2024
Solar PV additions in the European Union are forecast to reach 65.5GW in 2024, according to trade association SolarPower Europe’s (SPE) latest report. After years of rapid growth with double-digit increases from previous years, Europe is facing a 92% slowdown in solar growth compared with the growth between 2021 and 2023. Last year was marked … Continue reading EU adds 66 GW of solar photovoltaic (PV) in 2024
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Bahrain eyes 20% reliance on photovoltaic solar power
One of the key incentives introduced to encourage wider adoption was a financial reward for surplus electricity generated by private photovoltaic systems Bahrain has set an ambitious target of 20 per cent reliance on photovoltaic solar power by 2035, a top minister has said. Electricity and Water Affairs Minister Yasser Humaidan, in a written reply … Continue reading Bahrain eyes 20% reliance on photovoltaic solar power
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Six highlights of the global energy transition in 2024
Solar photovoltaic and batteries are the big players in the energy transition in 2024, helping renewables knock fossil fuels – especially coal – off their pedestal in many countries and regions. 2024 was the year of solar and batteries – and this double act is set to reshape global energy systems. Solar superpowers are emerging … Continue reading Six highlights of the global energy transition in 2024
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Photovoltaic and wind energy in the first week of December
December starts with the highest prices of the year for TTF gas and some European electricity markets. In the first week of December, weekly prices in most major European electricity markets continued to exceed €100/MWh. During weekdays, prices were higher than in the previous week, with France, Italy and Belgium reaching their highest values of … Continue reading Photovoltaic and wind energy in the first week of December
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Oda Solar Photovoltaic Power Project Inaugurated in Oromia, Ethiopia
The Oda Photovoltaic Power Project, a 370 kilowatt solar power facility built at a cost of 195 million birr, was officially inaugurated in Medewelabu Woreda, East Borena Zone, Oromia Regional State. In his inaugural address, the State Minister for Water and Energy, Dr. Sultan Wali, highlighted that the project will provide electricity to approximately 15,000 … Continue reading Oda Solar Photovoltaic Power Project Inaugurated in Oromia, Ethiopia
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China maintains high utilization rates of wind power and photovoltaic
China has maintained high utilization rates of wind and solar power, official data showed Sunday, suggesting the world’s renewables powerhouse has ensured both speed and quality in its green drive. The utilization rates of wind and solar power remained above 95 percent this year, according to data of the National Energy Administration. By the end … Continue reading China maintains high utilization rates of wind power and photovoltaic
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Spain announces 8 photovoltaic and hybrid projects for 1.32 GW and 200 MW of storage in the second week of December
The Official State Gazette for the second week of December contains announcements corresponding to 8 photovoltaic and hybrid projects for 1.32 GW, including 361.4 MW from Prodiel. Prior administrative authorisation for modifications and construction for the 361.4 MW Los Pradillos photovoltaic installation and its evacuation infrastructure, in the municipalities of Carranque, Ugena, Illescas, Yuncos, Numancia … Continue reading Spain announces 8 photovoltaic and hybrid projects for 1.32 GW and 200 MW of storage in the second week of December
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Jacobs to help build $3.3 billion, 3.5 GW photovoltaic (PV) plant and 4.5 GW battery system in Philippines
US firm Jacobs will help build a $3.3 billion, 3.5 GW photovoltaic plant and 4.5 GW battery system in the Philippines to help the country reduce its reliance on coal for power generation. Located on a 30-square-kilometer site 150 kilometers north of Manila, the “Terra Solar” project will be one of the largest solar parks … Continue reading Jacobs to help build $3.3 billion, 3.5 GW photovoltaic (PV) plant and 4.5 GW battery system in Philippines
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Predictions for energy and natural resources in 2025
This is the season for looking to the future, and for the final Energy Pulse of 2024 I have collected 10 predictions from Wood Mackenzie analysts for the year ahead. The predictions for 2024 that I presented a year ago had quite a good hit rate. Some were spot-on: we were right about the increased … Continue reading Predictions for energy and natural resources in 2025
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World’s highest photovoltaic solar power project put into operation in China’s Xizang
The second phase of the Huadian Xizang Caipeng Photovoltaic Power Station in Shannan Prefecture of southwest China’s Xizang Autonomous Region, the world’s highest-altitude photovoltaic project, officially began operations on Saturday. The power station’s second phase is located at an altitude ranging from 5,046 to 5,228 meters above sea level, setting a new record for the … Continue reading World’s highest photovoltaic solar power project put into operation in China’s Xizang
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AMEA Power commissions Egypt’s largest photovoltaic solar power plant with a 500 MW
500 MW Abydos solar photovoltaic plant will generate 1,500GWh of clean energy, powering approximately 300,000 households and will offset 782,300 tons of CO2 emissions. AMEA Power, one of the fastest growing renewable energy companies in the region, announced today the commissioning of its 500MW Abydos Solar PV Plant in Egypt. Located in the Aswan Governorate, … Continue reading AMEA Power commissions Egypt’s largest photovoltaic solar power plant with a 500 MW
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Türkiye reaches 18.7 GW Photovoltaic Capacity
One of the paradoxes of human-made climate change is that as we heat up the planet by burning gasoline, coal and fossil gas, it makes the summers hotter. These torrid months impel people to run the air conditioner nonstop, which requires burning more coal or fossil gas, which causes it to get hotter. It is … Continue reading Türkiye reaches 18.7 GW Photovoltaic Capacity
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US Grid-Scale Energy Storage Continues Strong Year with Highest Q3 Installations on Record
3.8 GW of storage installed across all segments, 80% increase from Q3 2023 • Residential installations hit all-time high The U.S. energy storage market continued its strong growth in Q3 of 2024, with the grid-scale segment setting a new Q3 record at 3,431 megawatts (MW) and 9,188 megawatt-hours (MWh) deployed. According to the American Clean Power … Continue reading US Grid-Scale Energy Storage Continues Strong Year with Highest Q3 Installations on Record
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