Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), January 2025Note: Capacity values represent the amount of generating capacity at utility-scale power plants (greater than 1 megawatt). Other renewables include geothermal, waste biomass, wood biomass, and pumped storage hydropower. In our latest Short-Term Energy Outlook (STEO), we expect that U.S. renewable capacity additions—especially solar—will … Continue reading New solar plants expected to support most U.S. electric generation growth
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The agricultural world and the solar energy sector join hands to promote agrovoltaics in the Iberian Peninsula
UNEF, the Spanish Photovoltaic Union, and APREN, the Portuguese Association of Renewable Energies, held today the Conference “Agrovoltaics in the Iberian Peninsula: innovation for a sustainable future”, which took place at the Cajalmendralejo Financial Headquarters, in Badajoz, and was attended by nearly 170 people. During the event, UNEF and APREN offered a comprehensive and innovative … Continue reading The agricultural world and the solar energy sector join hands to promote agrovoltaics in the Iberian Peninsula
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Wind power, at 17%, overtook coal and natural gas in Europe
“Fossil fuels are losing their influence in EU energy,” said Chris Rosslowe, lead author of the Ember report. “Wind and solar photovoltaic (PV) are pushing coal to the margins and forcing gas into structural decline.” The phase-out of fossil fuels is helping to curb emissions. Since peaking in 2007, European power sector emissions have more … Continue reading Wind power, at 17%, overtook coal and natural gas in Europe
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Self-consumption of photovoltaic energy continues to advance in Spain, exceeding 8 GW installed
According to data estimated by the Spanish Photovoltaic Union (UNEF), the association of the photovoltaic sector in Spain, 1,182 MW of photovoltaic self-consumption were installed in 2024, thus continuing the growth of these solutions, which already accumulate 8,137 MW in our country. UNEF estimates that 51,306 new homes installed photovoltaic self-consumption last year. However, these … Continue reading Self-consumption of photovoltaic energy continues to advance in Spain, exceeding 8 GW installed
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How renewables boom could mitigate global climate change
Renewable energy already generates one-third of the world’s electricity, with China leading the pack. Is the momentum enough to limit global warming to 1.5 degrees Celsius above preindustrial levels? The global energy supply is radically changing. Solar and wind power’s share in the global electricity mix has almost quadrupled in a decade, from 5% in 2015 to … Continue reading How renewables boom could mitigate global climate change
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Complete guide to photovoltaic (PV) costs and supplier selection
Here’s the thing: switching to solar energy isn’t just environmentally smart; it’s a sharp financial strategy for businesses today. Think of it this way: when you make the leap to solar, you’re cutting down those electricity bills and setting your business up for substantial savings. On the plus side, it also elevates your sustainability standing. … Continue reading Complete guide to photovoltaic (PV) costs and supplier selection
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India’s solar photovoltaic (PV) demand driven by incentive policies implemented through projects
According to the Central Electricity Authority (CEA) of India, the country’s cumulative PV installed capacity reached 97.9 GW in 2024, with 24.5 GW newly added, more than doubling compared to 2023. With the advancement of government tenders and incentive measures, India’s PV market is expected to continue growing, contributing to the global energy transition. In … Continue reading India’s solar photovoltaic (PV) demand driven by incentive policies implemented through projects
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Distributed photovoltaic (PV) generation emerges as a key enabler for China’s renewable energy efforts
By the end of 2024, the cumulative installed capacity of distributed photovoltaic had reached 370 gigawatts (GW), 121 times higher than at the end of 2013, and accounted for 42 percent of total installed photovoltaic capacity, it said. In terms of new installations, distributed photovoltaic accounted for 43 percent of total newly added PV installations … Continue reading Distributed photovoltaic (PV) generation emerges as a key enabler for China’s renewable energy efforts
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European Electricity Review 2025: Wind power and photovoltaic solar avoided €59 billion in fossil fuel imports
The EU’s electricity transition continued at pace in 2024, as photovoltaic solar overtook coal for the first time and gas declined for the fifth year in a row. Download PDF The European Electricity Review analyses full-year electricity generation and demand data for 2024 in all EU-27 countries to understand the region’s progress in transitioning from … Continue reading European Electricity Review 2025: Wind power and photovoltaic solar avoided €59 billion in fossil fuel imports
Continue readingPower and renewables: predictions for 2025
What to watch in the year ahead, from China’s renewable energy capacity growth to floating solar expansion in Asia Pacific and why it might be a year of contradictions in Europe. What to watch in the year ahead, from China’s renewable energy capacity growth to floating solar expansion in Asia Pacific and why it might … Continue reading Power and renewables: predictions for 2025
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Renewables in China experienced a stellar year in 2024, with total installed capacity of wind power and photovoltaic exceeding 1,400 GW
Solar saw the biggest leap, with a record-breaking 45.2% increase (+277 GW), achieving 887 GW overall. Wind power also saw solid growth, climbing 18% (+80 GW) to almost 521 GW. China’s renewable energy sector experienced a stellar year in 2024, with the total installed capacity of wind and solar power surpassing 1.4 billion kilowatts, further … Continue reading Renewables in China experienced a stellar year in 2024, with total installed capacity of wind power and photovoltaic exceeding 1,400 GW
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In 2024, India added a record 24.5 GW of photovoltaic solar capacity and 3.4 GW of wind power capacity
In 2024, India added a record 24.5 GW of photovoltaic (PV) and 3.4 GW of wind capacity, a notable increase driven by government incentives, policy reforms, and substantial investments in domestic manufacturing of solar and wind turbines. Solar continued to dominate, contributing 47% of total installed renewable energy capacity. The installation of 18.5 GW of … Continue reading In 2024, India added a record 24.5 GW of photovoltaic solar capacity and 3.4 GW of wind power capacity
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Photovoltaic energy continues to set records, but cold weather and CO2 prices make European electricity markets more expensive in the third week of January
In the third week of January, prices rose in most major European electricity markets, driven by lower wind energy production, increased demand due to colder temperatures and higher gas and CO2 prices. On January 17, CO2 futures reached the highest settlement price since late May. Solar photovoltaic energy production increased, setting all?time records for a … Continue reading Photovoltaic energy continues to set records, but cold weather and CO2 prices make European electricity markets more expensive in the third week of January
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Top ten solar photovoltaic (PV) module manufacturers show resilience in H1 2024, Wood Mackenzie says
Despite facing significant challenges, including unprecedented price declines across solar modules and the silicon supply chain, the top ten solar PV manufacturers achieved an average utilisation rate of 66%, most surpassing 70%, as reported by Wood Mackenzie. The new global solar PV module manufacturer rankings report stated that these manufacturers have demonstrated remarkable resilience and … Continue reading Top ten solar photovoltaic (PV) module manufacturers show resilience in H1 2024, Wood Mackenzie says
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China’s photovoltaic (PV), wind power installations soared to record in 2024
China broke its own records for new wind power and photovoltaic (PV) solar power installations again last year, official data showed on Tuesday, accelerating from a breakneck pace set in 2023 as the country looks to peak its carbon emissions before 2030.Installed photovoltaic (PV) and wind power capacity climbed 45.2% and 18%, respectively, in 2024, … Continue reading China’s photovoltaic (PV), wind power installations soared to record in 2024
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Oman connects its largest 1,000 MW photovoltaic (PV) power plant
His Royal Highness Sayyid Bilarab bin Haitham Al Said today inaugurated the Manah 1 and Manah 2 solar photovoltaic (PV) power plants in the Wilayat of Manah in Al Dakhiliyah Governorate. The plants, which cover an area of ??14.5 million square meters, have a production capacity of 1,000 megawatts. The two plants, which are the … Continue reading Oman connects its largest 1,000 MW photovoltaic (PV) power plant
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Mexico to have Latin America’s largest photovoltaic plant with 1,000 MW
The largest photovoltaic solar energy plant in Latin America is being developed in Puerto Peñasco, Sonora, and is expected to have a significant impact on renewable energy generation in Mexico. This ambitious project, known as the Puerto Peñasco Photovoltaic Power Plant, is designed to generate 1,000 megawatts (MW) of electric power and will cover an … Continue reading Mexico to have Latin America’s largest photovoltaic plant with 1,000 MW
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Plenitude signs agreement with EDP Renewables to acquire two photovoltaic plants and a storage facility in the United States
Plenitude, through its US subsidiary Eni New Energy US Inc., has signed an agreement with EDP Renewables North America LLC (“EDPR NA”), to purchase a 49% equity stake in a portfolio of 2 operational photovoltaic plants and an electricity storage facility in construction located in the state of California, United States. The Sandrini 100 (100MWac … Continue reading Plenitude signs agreement with EDP Renewables to acquire two photovoltaic plants and a storage facility in the United States
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Department of Energy announces $584.5 million loan to install solar photovoltaic (PV) energy and energy storage in Puerto Rico
The U.S. Department of Energy Loan Programs Office (LPO) today announced the closing of a $584.5 million ($559.4 million in principal and $25.1 million in capitalized interest) loan guarantee to subsidiaries of Convergent Energy and Power Inc. (Convergent), a leading provider of energy storage solutions in North America. The loan guarantee will finance a solar … Continue reading Department of Energy announces $584.5 million loan to install solar photovoltaic (PV) energy and energy storage in Puerto Rico
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The global renewable energy market is booming, with China’s photovoltaic (PV) reaching record highs
To help relevant departments and PV stakeholders understand the true situation of industry development, Solarbe & Solarbe Consulting, after comprehensive research and repeated verification, have released the 2024 Annual Chinese PV module Enterprise Shipment Rankings for reference. Top-Solar-Module-Companies-for-2024-Solarbe-2Download The report covers 39 enterprises, a record high. Among them, there are leading players with shipments exceeding 70 GW and … Continue reading The global renewable energy market is booming, with China’s photovoltaic (PV) reaching record highs
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