The Australian Renewable Energy Agency (ARENA) has today announced $9 million in funding to Jet Zero Australia to advance sustainable aviation fuel (SAF) production in Townsville. The next stage of engineering activities for Jet Zero Australia’s project will include a $36.8 million front-end engineering design (FEED) study to determine the viability of its commercial scale … Continue reading ARENA backs Jet Zero for sustainable aviation fuel
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Record Growth Drives Cost Advantage of Renewable Power
81% of renewable additions in 2023 were cheaper than fossil fuel alternatives, offering countries a compelling business and investment case to triple renewables by 2030. In 2023, the global weighted average levelised cost of electricity (LCOE) from newly commissioned utility-scale solar photovoltaic (PV), onshore wind energy, offshore wind and hydropower fell. Between 2022 and 2023, … Continue reading Record Growth Drives Cost Advantage of Renewable Power
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The Council of Ministers approves Spain’s National Integrated Energy and Climate Plan
The new PNIEC estimates that by 2030 there will be 62 gigawatts (GW) of wind power installed, with 3 GW corresponding to offshore wind power – compared to 50 GW in the previous PNIEC – as well as a huge deployment of solar photovoltaic up to 76 GW (including 19 GW of self-consumption), 4.8 GW … Continue reading The Council of Ministers approves Spain’s National Integrated Energy and Climate Plan
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Renewable Energy in Indonesia: Current Development and Future Prospects
As one of the largest and most populous nations in Southeast Asia, Indonesia faces growing energy demands that need the expansion of its energy production capacity. Traditionally, the country has relied on fossil fuels, particularly coal, oil, and natural gas, to power its economy. However, the need to reduce greenhouse gas emissions, improve energy security, … Continue reading Renewable Energy in Indonesia: Current Development and Future Prospects
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Chart: How Much Photovoltaic or Wind Power Dominate Renewable Energy in Different Countries
I was going through the new Integrating Solar and Wind: Global experience and emerging challenges report from the International Energy Agency (IEA), and I noticed an interesting graph. Well, there are at least a few interesting charts, but this one chart is something I don’t think I’ve ever seen. The chart (above and below) shows … Continue reading Chart: How Much Photovoltaic or Wind Power Dominate Renewable Energy in Different Countries
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The Future of European Electricity Markets: Batteries, Hybridisation and Profitability
European electricity markets are facing an unprecedented energy revolution, driven by the rise of renewable energies. Batteries and hybridisation of technologies are emerging as key players in this transformation process, not only optimising the integration of clean energy but also mitigating price volatility and increasing the profitability of investments. Falling battery prices and the advance … Continue reading The Future of European Electricity Markets: Batteries, Hybridisation and Profitability
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Donald Trump is wrong about the cost of wind energy
Wind power and photovoltaic (PV) are the cheapest sources of new power in the U.S., data shows. After decades of stable electricity prices, U.S. residents have seen their rates rise by one-third over the past four years. The fossil fuel lobby and some Republican politicians are exploiting the opportunity to falsely place the blame on … Continue reading Donald Trump is wrong about the cost of wind energy
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Grid Limitations Hold Back Renewables Breakthrough, Says New REN21 Report
Renewable energy has the full potential to power the world’s energy demands but can only be achieved through urgent improvements in grid infrastructure and integrated planning, REN21 report shows.Paris, France — In 2023, renewable energy hit a record-breaking high, accounting for 30% of global electricity, with solar and wind contributing to 13% of the total. … Continue reading Grid Limitations Hold Back Renewables Breakthrough, Says New REN21 Report
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Ørsted signs agreement with Equinor for carbon removal credits
In a new agreement, Ørsted will sell carbon dioxide removal (CDR) credits amounting to 330,000 tonnes of CO2 to Equinor over a ten-year period. This is part of Ørsted’s CO2 capture and storage project, ‘Ørsted Kalundborg CO2 Hub’, which will capture 430,000 tonnes of biogenic CO2 annually from two of Ørsted’s biomass-fired CHP plants from … Continue reading Ørsted signs agreement with Equinor for carbon removal credits
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European photovoltaic energy continued to break production records in July
In July, prices in the electricity markets of Spain, Portugal, France and Italy rose compared to June, driven by higher temperatures that boosted electricity demand. Lower wind energy production in most markets also contributed to this trend. In the markets further north on the continent, the rise in temperatures and demand was less pronounced. In … Continue reading European photovoltaic energy continued to break production records in July
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Repowering and hybridization: the key to new energy efficiency
Plant hybridization is the new frontier of repowering and it entails the integration of different types of technology within the same site. In Italy this process has already seen the implementation of pioneering projects such as those at Venaus. In order to increase energy production, it isn’t always necessary to build a new power plant … Continue reading Repowering and hybridization: the key to new energy efficiency
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Stronger integration measures are needed as solar photovoltaic and wind power soar to record levels in electricity sector
New IEA report offers first-of-its-kind global stocktake of efforts to integrate variable renewables across 50 power systems, identifying best practices and key challenges As solar PV and wind grow at an accelerated pace around the world, governments must act to ensure that they are well integrated into power systems – or risk losing out on … Continue reading Stronger integration measures are needed as solar photovoltaic and wind power soar to record levels in electricity sector
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Ed Miliband vows to take on NIMBYs to build more wind and photovoltaic power
Ed Miliband has vowed to take on NIMBYs and build more wind turbines and photovoltaic (PV) power stations across Britain. The Energy Security and Net Zero Secretary claimed that increasing renewable energy supply was a matter of “national security”. Speaking at an Energy UK conference in London, Miliband praised how the price of wind and … Continue reading Ed Miliband vows to take on NIMBYs to build more wind and photovoltaic power
Continue readingBiden-Harris Administration Announces $72.8 Million Loan to Build Solar photovoltaic (PV) and Storage Microgrid on Tribal Lands
As part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of Energy (DOE), through its Loan Programs Office (LPO), today announced the closing of a $72.8 million loan guarantee to finance the development of a solar-plus-long-duration-energy-storage?microgrid. The microgrid will be located?on the Tribal lands of the Viejas (Baron Long) Group of Capitan … Continue reading Biden-Harris Administration Announces $72.8 Million Loan to Build Solar photovoltaic (PV) and Storage Microgrid on Tribal Lands
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AMEA Power to develop largest solar photovoltaic (PV) project in Egypt
The projects will bring AMEA Power’s total capacity in Egypt to 2,000 MW of wind and photovoltaic (PV) power, accompanied by 900 MWh of battery energy storage systems.AMEA Power will invest an additional $800 million in two major renewable energy projects in Egypt, reinforcing its commitment to the country’s clean energy transition. The projects will … Continue reading AMEA Power to develop largest solar photovoltaic (PV) project in Egypt
Continue readingPhotovoltaic and wind energy in the week of September 2
September starts with price rises in European electricity markets except in the Iberian market thanks to renewable energy. In the week of September 2, prices rose in most European electricity markets. The increase in demand, together with lower solar energy production in most markets, favored this behavior. The MIBEL market was the exception, where prices … Continue reading Photovoltaic and wind energy in the week of September 2
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ICE signs 9 contracts with private companies to produce wind power and photovoltaic for 166 megawatts in Costa Rica
Five photovoltaic (PV) plants and four wind energy plants, built by the private sector, will come into operation between 2026 and 2027.In total, the electrical projects will contribute 166 megawatts to the national grid, according to the Costa Rican Institute of Electricity (ICE), when signing the commitment letters. Numu Solar Liberia Los Tecales Solar Nandayure … Continue reading ICE signs 9 contracts with private companies to produce wind power and photovoltaic for 166 megawatts in Costa Rica
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New study reveals that photovoltaic and wind power is now cheaper than coal and gas power plants
New research by the Fraunhofer Institute for Solar Energy Systems reveals that solar photovoltaics — converting solar energy into electricity — produce cheaper electricity than coal or gas, even when combined with batteries. The Fraunhofer Institute has been collecting data on the costs of different energy sources, like wind, nuclear, and coal, since 2010. While … Continue reading New study reveals that photovoltaic and wind power is now cheaper than coal and gas power plants
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Wind energy and solar photovoltaic (PV) power are assuming a key role in Germany’s energy supply
Taking a tailwind for wind power: more and more electricity from renewable sources. Germany is increasingly obtaining electricity from renewable energy sources. In the first half of 2024, the share of electricity generated from wind power, solar photovoltaic plants, hydropower and biomass reached a record 61.5 percent of total electricity production, according to the Federal … Continue reading Wind energy and solar photovoltaic (PV) power are assuming a key role in Germany’s energy supply
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Installed solar photovoltaic (PV) capacity has increased by 28% during 2023 in Spain
For the first time in history, in 2023, renewable energy in Spain has exceeded 50% of annual generation. The installed capacity of the generating park in Spain has increased by 5.2%, ending 2023 with 125,620 MW. The installed renewable capacity in the national electricity system has increased by 6.3 GW, which has allowed reaching a … Continue reading Installed solar photovoltaic (PV) capacity has increased by 28% during 2023 in Spain
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