The Republic of Moldova has unveiled an ambitious plan to boost renewable energy production by offering a comprehensive set of investment incentives aimed at attracting foreign investors. Key measures include priority access to connection approvals for auction winners, long-term fixed-rate contracts for up to 15 years, and support mechanisms for both small and large-scale producers. … Continue reading Moldova sets ambitious targets for transition to wind power and photovoltaic
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Trump and Harris set out contrasting visions for US energy
Back in January, when I looked ahead to the US elections on 5 November, I predicted “plenty of twists and turns in the race”. That turned out to be something of an understatement. President Joe Biden’s decision to drop out of the running, leaving Vice President Kamala Harris as the Democratic nominee, transformed the contest. … Continue reading Trump and Harris set out contrasting visions for US energy
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Photovoltaic and wind power made electricity prices 40% lower in the first half of the year in Spain
The wholesale price of electricity in Spain during the first half of 2024 was up to 40% lower than it would have been without the investments in solar photovoltaic and wind capacity made since 2019, according to an article published in the Economic Bulletin of the Bank of Spain. The article, authored by Javier Quintana, … Continue reading Photovoltaic and wind power made electricity prices 40% lower in the first half of the year in Spain
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Photovoltaic and wind energy in the last week of August
In the week of August 26, prices rose in all European markets. Wind and solar energy production registered declines, while electricity demand increased in most markets. TTF gas futures prices for the Front?Month remained below €40/MWh and CO2 emission allowance futures for the reference contract of December 2024 remained around €71/t. Solar photovoltaic, solar thermoelectric … Continue reading Photovoltaic and wind energy in the last week of August
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For the fourth consecutive month, solar photovoltaics leads the generation mix in Spain with 23% of the total
Demand for electric energy in Spain increases by 3.8% in August. For the fourth consecutive month, solar photovoltaics leads the national generation mix with 23% of the total. Wind energy generated 16.6%. Monthly production with renewables in our country accounted for 52.6% and technologies that do not emit CO2 equivalent reached a share of 75.4%.National … Continue reading For the fourth consecutive month, solar photovoltaics leads the generation mix in Spain with 23% of the total
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Giant batteries to store wind energy and photovoltaic solar power can speed up South Africa’s energy transition
South Africa is at a pivotal moment in its energy transition: trying to decarbonise its economy (move away from coal) and make sure that everyone has access to reliable and affordable energy. Storage of renewable energy is very important for this transition. Solar and wind power are not available all the time. To keep the … Continue reading Giant batteries to store wind energy and photovoltaic solar power can speed up South Africa’s energy transition
Continue readingPhotovoltaic and wind power in the fourth week of August
In the fourth week of August, prices declined in most European markets, supported by increased wind energy production coupled with decreases in demand and average temperatures. The exception was the Iberian market, where prices remained above €90/MWh for most of the week, with lower solar energy production in Spain and Portugal, and wind energy in … Continue reading Photovoltaic and wind power in the fourth week of August
Continue readingEDP puts its third hybrid wind and photovoltaic energy project into operation in Spain
EDP Renováveis exceeded 100 megawatts (MW) of installed capacity in hybrid wind and solar photovoltaic energy projects in the Spanish market, having other similar projects in other geographies, including Portugal.EDP ??Renováveis ??has put into operation its third hybrid project in Spain, combining wind and solar photovoltaic energy, the Cruz de Hierro project, in Ávila, with … Continue reading EDP puts its third hybrid wind and photovoltaic energy project into operation in Spain
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Photovoltaics (PV) leads the growth of energy production in OECD countries
Photovoltaic generation increased by 19.7%, according to the IEA monthly report. In OECD (Organization for Economic Cooperation and Development) member countries, total net electricity production was 854.4 TWh in May 2024, an increase of 3.7% compared to the same month of the year past. This is stated in the Monthly Electricity Statistics of the IEA … Continue reading Photovoltaics (PV) leads the growth of energy production in OECD countries
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Photovoltaic and wind energy in the third week of August
Lower prices in the iberian electricity market, while prices rise in the rest of the european markets. In the third week of August, wind production together with the decrease in demand and average temperatures contributed to the drop in prices in the Iberian market of Spain and Portugal. In the rest of Europe’s major electricity … Continue reading Photovoltaic and wind energy in the third week of August
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Iberdrola exceeds 9,000 MW of wind power and photovoltaic in the United States
Through its wind and photovoltaic (PV) facilities, the company supplies sustainable energy to more than 2.3 million American families, a population close to the entire population living in rural areas of Spain.In total, with more than 75 solar and wind projects in 22 states, it is one of the three largest companies in the country … Continue reading Iberdrola exceeds 9,000 MW of wind power and photovoltaic in the United States
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The challenges of photovoltaic and wind energy in Chile
Fifteen years ago, when the massive investment in solar and wind energy generation projects began to replace those produced with fossil fuels, it was not anticipated that their production would be greater than the storage and transmission capacity that the country has. The consequence: today part of a valuable cargo coming from the north and … Continue reading The challenges of photovoltaic and wind energy in Chile
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Clean Energy Industry to Power Economic Growth with $500 Billion in New Investments, 100K New Manufacturing Jobs
A new report released today by the American Clean Power Association (ACP) shows that, in the last two years, the U.S. clean energy industry has announced $500 billion in new investments, spurring the American economy and creating tens of thousands of new jobs. ACP’s 2024 Clean Energy Investing in America report finds that the industry … Continue reading Clean Energy Industry to Power Economic Growth with $500 Billion in New Investments, 100K New Manufacturing Jobs
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For the third consecutive month, solar photovoltaics leads the generation mix in Spain with 24% of the total
The demand for electrical energy in Spain falls by 0.8% in July. For the third consecutive month, solar photovoltaics leads the national generation mix with 24% of the total, the largest share in its history. Monthly production with renewables such as wind power, photovoltaic, hydraulic and solar thermal energy. In our country it meant 55.3% … Continue reading For the third consecutive month, solar photovoltaics leads the generation mix in Spain with 24% of the total
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Nordex receives a new order from Aquila Clean Energy for 141.6 MW of wind energy in Spain
Aquila Clean Energy has placed an order with the Nordex Group for the additional delivery of 24 N163/5.X wind turbines in Spain. In addition to the 21 wind turbines with a combined power of 124 MW ordered for the Baza wind farm group in June 2024, the Nordex Group will also supply additional wind turbines … Continue reading Nordex receives a new order from Aquila Clean Energy for 141.6 MW of wind energy in Spain
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Naturgy consolidates record results and improves expectations for 2024
Naturgy has managed to consolidate in the first half of 2024 the record results obtained last year, now in a more competitive scenario marked by a sharp global decline in energy prices. The Group recorded an EBITDA of 2,846 million euros and a net income of 1,043 million euros, both at the same level as … Continue reading Naturgy consolidates record results and improves expectations for 2024
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Concentrated Solar Power plant generates electricity by chasing sunlight 24 hours a day
In Guazhou County of northwest China’s Gansu Province, a Concentrating Solar Power with energy storage power station can generate power for 24 hours non-stop. Its main project has begun commissioning and will be put into operation by the end of this year, according to the China Three Gorges Corporation. The solar thermal energy storage power … Continue reading Concentrated Solar Power plant generates electricity by chasing sunlight 24 hours a day
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Photovoltaic and wind energy in the second week of July
In the second week of July, prices in the main European electricity markets rose compared to the previous week. These increases were favored by the drop in wind energy production and the increase in temperatures, which caused demand to rise in most markets. Almost all markets registered negative prices in some hours. Solar energy production … Continue reading Photovoltaic and wind energy in the second week of July
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Energy storage: global capacity to increase by 1 TW by 2033
Global energy storage capacity – excluding pumped hydropower – will increase by almost 1 TW between 2024 and 2033, representing an increase of 636%. Tax incentives and hybrid auctions will accelerate the expansion of the technology around the world. According to consulting firm Wood Mackenzie in its latest report, this makes this technology one of … Continue reading Energy storage: global capacity to increase by 1 TW by 2033
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EU Member States must take urgent action on NECPs and overriding public interest
On 30 June two significant deadlines passed. First, Member States had to submit their revised National Energy and Climate Plans (NECPs) to the European Commission. Second, Governments had to implement the permitting provisions under the new Renewable Energy Directive (REDIII). On both fronts Member States are lagging behind. They must take urgent action. Otherwise the … Continue reading EU Member States must take urgent action on NECPs and overriding public interest
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