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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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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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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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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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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Germany set to secure energy independence, but narrowly miss climate target
For the first time DNV has applied its independent Energy Transition Outlook model – incorporating the latest technology trends and policy developments – to Germany. The inaugural German Energy Transition Outlook (ETO) report finds that Germany is on track to electrify nearly half of its electricity demand by mid-century, yet it will fall short of … Continue reading Germany set to secure energy independence, but narrowly miss climate target
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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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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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Renewable energy producers are grouped into a single entity in Argentina
The Argentine Wind Chamber (CEA) announced its evolution towards a new identity that brings together renewable energy generators from different sources, it said, which reflects its commitment to a more sustainable energy future. The entity was born as a group of companies whose energy production area was wind energy and with this decision it incorporates … Continue reading Renewable energy producers are grouped into a single entity in Argentina
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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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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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Countries around the world use more land for golf courses than wind power or photovoltaic solar energy
Land use is a critical factor in the location of renewable energy facilities and is often scrutinised due to perceived conflicts with other land demands. Meanwhile, substantial areas are devoted to activities such as golf, which are accessible only to a select few and have a significant environmental and territorial footprint. Our study shows that … Continue reading Countries around the world use more land for golf courses than wind power or photovoltaic solar energy
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