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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Law in approval endangers the future development of wind power and hydroelectric in Galicia
The associations signing this statement express our disagreement with the measures proposed by the Xunta de Galicia, as they immediately affect the regional renewable sector and in the medium term the entire electricity sector. Measures such as those proposed will inevitably result in an increase in uncertainty and litigation in the sector and, ultimately, a … Continue reading Law in approval endangers the future development of wind power and hydroelectric in Galicia
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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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Brazilian Senate passes Offshore Wind Bill which sets course for sector’s rapid growth in country
Brazil’s Federal Senate has passed the country’s offshore wind bill, passing the legislation on to the President for final approval. The bill paves the way for the offshore wind sector to establish itself in the country and deliver clean, secure, and green energy. Offshore wind also presents a huge opportunity for Brazil to play a … Continue reading Brazilian Senate passes Offshore Wind Bill which sets course for sector’s rapid growth in country
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Security and efficiency: The case for connecting Europe and North America
This paper analyses the ways in which an electricity interconnector could add value as the electricity systems on either side of the north Atlantic rapidly expand and decarbonise. Download PDF This paper examines how transatlantic interconnection could help both North America and Europe to achieve a more secure and efficient transition to renewable electricity. Ember … Continue reading Security and efficiency: The case for connecting Europe and North America
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EDP begins construction of its first stand-alone storage project in Europe
The 50 MW capacity battery to be installed in Kent, England, will support the stability of the British grid as more renewable energy projects come onstream in the country. Through EDP Renewables, EDP has already secured more than 130 MW of capacity in storage projects in Europe. EDP Renewables has started the construction of its … Continue reading EDP begins construction of its first stand-alone storage project in Europe
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UK low-carbon renewable power set to overtake fossil fuels for first time
2024 is set to be the first full year where UK low-carbon renewables generate more electricity than fossil fuels, with wind power close to becoming the single largest source of UK power for the first time. This report reviews power generation statistics for the UK across 2024. It is based on 11 months (Jan-Nov 2024) … Continue reading UK low-carbon renewable power set to overtake fossil fuels for first time
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Galán meets with President Lula in Brasilia and reaffirms commitment to Brazil
During a meeting this morning in Brasilia with the country’s president, Luiz Inácio Lula da Silva, Galán reaffirmed his commitment to Brazil’s energy transition. The meeting was also attended by the Ministers of Mines and Energy, Alexandre Silveira, and of the Civil House, Rui Costa, as well as the CEO of Neoenergia, Eduardo Capelastegui. Neoenergia, … Continue reading Galán meets with President Lula in Brasilia and reaffirms commitment to Brazil
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During the month of November, renewables generated 50.8%, with wind power being the leading technology in Spain’s mix
On November 21, the Spanish electricity system recorded the largest contribution of GWh of wind energy in a single day, up to 434 GWh, half of the entire national production for that day. The demand for electricity in Spain fell by 0.4% in November.National electricity demand in November fell by 0.4% compared to the same … Continue reading During the month of November, renewables generated 50.8%, with wind power being the leading technology in Spain’s mix
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Decline in wind energy allows gas to push European electricity markets above €100/MWh in the last week of November
In the last week of November, prices in most major European electricity markets increased and registered weekly averages above €100/MWh. The main causes of this increase were lower wind energy production and higher gas prices. Solar photovoltaic energy production was higher than the previous week and reached the second highest value for a November day … Continue reading Decline in wind energy allows gas to push European electricity markets above €100/MWh in the last week of November
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Türkiye to invest $10B in energy storage to boost wind power and photovoltaic solar energy
Türkiye is making significant strides toward its 2053 net-zero carbon emissions goal by ramping up investments in energy storage systems according to Türkiye daily. The Energy Market Regulatory Authority (EMRA) approved a 35-gigawatt-hour (GWh) capacity allocation for grid-scale storage projects, with an estimated investment of $10 billion. Timeline: Energy storage investments will gain speed by … Continue reading Türkiye to invest $10B in energy storage to boost wind power and photovoltaic solar energy
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Naturgy secures AUD 2.3 billion in financing to boost development of its photovoltaic and wind energy portfolio in Australia
The group, through its international subsidiary Global Power Generation, has signed a financing line that will allow it to strengthen its liquidity and, at the same time, provide a financing platform to support GPG’s growth in Australia. GPG closes 2024 with a portfolio of 1 GW of projects in operation, to which 360 MW under … Continue reading Naturgy secures AUD 2.3 billion in financing to boost development of its photovoltaic and wind energy portfolio in Australia
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Kazakhstan and China partner for Sany wind turbine plant
The plant will produce nacelles, hubs and towers for wind power projects.Kazakhstan’s Samruk-Kazyna state fund and China’s SANY Renewable Energy (SANY RE) have begun construction of a $114 million wind turbine component manufacturing plant in the Zhambyl region, marking a step in the country’s renewable energy sector.The plant, which is set to begin operations in … Continue reading Kazakhstan and China partner for Sany wind turbine plant
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China’s New Renewable Energy Plan: Key Insights for Businesses
China’s new renewable energy plan aims to significantly boost the country’s renewable energy consumption, setting ambitious targets for 2025 and 2030. Unlike previous plans focused primarily on capacity installation, the new strategy emphasizes maximizing renewable energy utilization through infrastructure upgrades and sectoral integration across industries, including transportation, agriculture, and manufacturing. This shift is expected to … Continue reading China’s New Renewable Energy Plan: Key Insights for Businesses
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European wind energy continued to curb the effect of the gas price rise on electricity markets in the third week of November
In the third week of November, average prices in most major European electricity markets declined compared to the previous week. On Sunday, November 24, several markets registered the lowest daily price since at least the last three months. High wind energy production, which during the week reached historical or November records in the main European … Continue reading European wind energy continued to curb the effect of the gas price rise on electricity markets in the third week of November
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Sungrow Hydrogen’s 2.6GW wind power and photovoltaic solar project starts construction
Sungrow Hydrogen recently has signed a cooperation agreement with China Tianying Inc. for the Tianying Green Hydrogen, Green Ammonia and Green Methanol Project. Sungrow Hydrogen will deliver 16 sets of 1000Nm³/h ALK hydrogen production system, including ALK electrolyzers, PWM hydrogen production power supply, as well as gas-liquid separation equipment, hydrogen purification equipment, for this project. … Continue reading Sungrow Hydrogen’s 2.6GW wind power and photovoltaic solar project starts construction
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Progress since COP28 on transitioning away from fossil fuels
At COP28, global leaders united under the ambitious ‘UAE Consensus’ to push ambition closer to the 1.5C climate target. Their headline commitment: transition away from fossil fuels. This commentary looks to see where we are 12 months later, as this week G20 leaders reconfirmed their support for the agreements made in the COP28 global stocktake … Continue reading Progress since COP28 on transitioning away from fossil fuels
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The impact of Republican control on US energy policy and the IRA
We expect renewables to remain competitive, and while protectionism will rise, a full repeal of Inflation Reduction Act (IRA) is unlikely. Following the US election, our experts from across the energy sector have worked to produce a cross-commodity report – ‘A second Trump administration Part 2: A deep dive into energy and commodities‘ – outlining … Continue reading The impact of Republican control on US energy policy and the IRA
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Trump could eliminate the United States as a leader in wind and photovoltaic energy
High above the sand dunes of China’s Kubuqi desert, nearly 200,000 solar panels have been carefully placed in rows to create the outline of a galloping steed. The giant horse is a cultural symbol for Inner Mongolia, the northern Chinese region where the massive Junma solar photovoltaic plant is located — but it also signifies … Continue reading Trump could eliminate the United States as a leader in wind and photovoltaic energy
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Morocco plans largest photovoltaic solar power project
Morocco is planning to launch its largest photovoltaic and wind power project in Western Sahara Desert to supply electricity to Casablanca city through an electricity network stretching nearly 1,400 kilometres, newspapers reported on Tuesday. The project is based in Dakhla city in the disputed territory and is expected to be launched in January 2025, they … Continue reading Morocco plans largest photovoltaic solar power project
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