Iberdrola’s steadfast commitment to investing in clean energy and decarbonisation has enabled the company to set a new renewable energy production record in the first half of 2024. Renewables production exceeded 45,000 GWh globally (45,181 GWh) – an increase of 5.3% compared to the same period last year. The record production figure was driven by … Continue reading Iberdrola’s wind power production marks historical highs in the semester
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Tripling renewable energy by 2030 requires a minimum annual growth rate of 16.4%
The Renewable Energy Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that despite renewables becoming the fastest growing source of power, the world risks missing the tripling renewables target pledged at COP28. To stay the course, the world will now have to grow renewables capacity at a minimum 16.4% rate annually … Continue reading Tripling renewable energy by 2030 requires a minimum annual growth rate of 16.4%
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Renewable energy statistics 2024
The International Renewable Energy Agency (IRENA) produces comprehensive, reliable datasets on renewable energy capacity and use worldwide. Renewable energy statistics 2024 provides datasets on power-generation capacity for 2014-2023, actual power generation for 2014-2022 and renewable energy balances for over 150 countries and areas for 2021-2022. Data was obtained from a variety of sources, including an … Continue reading Renewable energy statistics 2024
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China building two-thirds of world’s wind energy and photovoltaic solar projects
Country on track reach 1,200GW of installed wind power and photovoltaic capacity by end of 2024 – six years ahead of Beijing’s target. Between March 2023 and March 2024, China installed more solar than it had in the previous three years combined, and more than the rest of the world combined for 2023, the GEM … Continue reading China building two-thirds of world’s wind energy and photovoltaic solar projects
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China builds twice as much wind power and photovoltaic capacity as the rest of the world
China consolidates its position as a world leader in renewable energy, currently building twice as much wind and photovoltaic capacity as the rest of the world, according to a study published this Thursday. The Asian giant, with 1.4 billion inhabitants and numerous factories due to its status as a manufacturing country, is the world’s largest … Continue reading China builds twice as much wind power and photovoltaic capacity as the rest of the world
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Photovoltaic and wind energy in the first week of July
In the first week of July, prices in most major European electricity markets fell compared to the previous week. Almost all markets registered hours with negative prices in the latter part of the week. Rising wind energy production, as well as lower gas prices and demand in some markets, contributed to the decline in prices. … Continue reading Photovoltaic and wind energy in the first week of July
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Batteries the key as photovoltaic cell prices plunge and wind power and solar ramp up towards 50 pct share
Renewable generation should be around 50 per cent of supply on Australia’s main grid by July, 2026, although it might be a bit less depending on progress on the second stage of Golden Plains, which will be the country’s biggest wind farm – at least for a time – when complete. To get to 80 … Continue reading Batteries the key as photovoltaic cell prices plunge and wind power and solar ramp up towards 50 pct share
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Spain gives the green light to 3,155.8 MW of solar photovoltaic energy and 390.7 MW of wind power in Q2 2024
Spain granted permits for 3,526.5 MW of new photovoltaic and wind energy projects during the second quarter of 2024, according to a report by research firm Opina 360, which extracts figures from BOE announcements. Compared to the first quarter, this is a capacity drop of 40.8%, according to the report written for the organizers of … Continue reading Spain gives the green light to 3,155.8 MW of solar photovoltaic energy and 390.7 MW of wind power in Q2 2024
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Immediate actions needed to unblock grid capacity for more wind energy
Getting access to the electricity grid is now the number one bottleneck to deploying renewables at scale. Across Europe hundreds of gigawatts of wind energy projects have applied for a grid connection permit and are waiting for an answer. The resulting grid connection queues have led to administrative overload and serious delays in the much-needed … Continue reading Immediate actions needed to unblock grid capacity for more wind energy
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Transatlantic Energy Highway: Is a Global Power Grid on the Horizon?
There are a great number of challenges standing between the current global energy landscape and decarbonization. Even though the installation of renewable energy production capacity is picking up speed, experts say that the growth rate is insufficient to achieve the goals set forth by the Paris Climate Agreement. However, in some places, the amount of … Continue reading Transatlantic Energy Highway: Is a Global Power Grid on the Horizon?
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Prices fall in most European electricity markets while the German market breaks historical price and photovoltaic energy records
In the last week of June, prices in most major European electricity markets fell compared to the previous week. The exceptions were the Iberian and German markets. In the latter, the weekly average increased due to the price of €2325.83/MWh reached in one hour on June 26, when the single European market decoupled. This is … Continue reading Prices fall in most European electricity markets while the German market breaks historical price and photovoltaic energy records
Continue readingSolar photovoltaic and wind energy in the third week of June
In the third week of June, prices in most major European electricity markets increased compared to the previous week. The main causes of this rise were the increase in average temperatures, which favored the increase in demand in most markets, as well as the generalized decrease in wind energy production and the decrease in solar … Continue reading Solar photovoltaic and wind energy in the third week of June
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RWE receives approvals for wind farm off the German North Sea coast
German Federal Maritime and Hydrographic Agency issues planning approvals for the first phase of the 1.6-gigawatt Nordseecluster. Construction of Nordseecluster A with a capacity of 660 megawatts due to start in 2025 with full commissioning planned for early 2027. Nordseecluster B to add a further 900 megawatts of capacity from early 2029. Nordseecluster expected to … Continue reading RWE receives approvals for wind farm off the German North Sea coast
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Nordex receives orders for 172 MW of wind energy in Germany
The operating group orders eleven N163/6.X wind turbines. Order intake on the German market has once again developed well for the Nordex Group. More recently, the Group received orders amounting to approximately 172 MW for various clients. The largest of the awarded projects is being built in Lower Saxony: the Nordex group supplied eleven N163/6.X … Continue reading Nordex receives orders for 172 MW of wind energy in Germany
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US Energy Storage Market Sets Q1 Capacity Installation Record
The U.S. energy storage market set a first-quarter record for capacity installed in Q1 2024, with 1,265 megawatts (MW) deployed across all segments. This marks the highest storage capacity ever installed in a first quarter in the U.S., representing an 84% increase from Q1 2023. According to Wood Mackenzie and the American Clean Power Association’s … Continue reading US Energy Storage Market Sets Q1 Capacity Installation Record
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Pumping, ‘superbatteries’ for more wind power and photovoltaic energy
Energy companies have plans in different states of maturity to build up to 40 pumped hydroelectric plants with a power of 15,000 MW, triple those already operational in the country.The massive deployment of new renewable energy plants in Spain forces us to face major challenges for the reorganization of the electrical system. The intermittency of … Continue reading Pumping, ‘superbatteries’ for more wind power and photovoltaic energy
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European electricity markets react to increased wind energy production with price declines
In the second week of June, prices in most major European electricity markets fell compared to the previous week. Over the weekend, almost all markets reached negative hourly prices. The Iberian market registered prices of ?€2.00/MWh, which is the lowest value in the history of this market. France reached the lowest price since the end … Continue reading European electricity markets react to increased wind energy production with price declines
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Spain’s wind `power and photovoltaic energy could exceed demand
The Castilla-La Mancha region of central Spain was once known for its wind turbines. The 28 huge wind turbines of the Sierra del Romeral wind farm, located in the hills not far from the historic city of Toledo, dominate this landscape. Operated by Iberdrola, they are part of a trend that has accelerated Spanish production … Continue reading Spain’s wind `power and photovoltaic energy could exceed demand
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Solar photovoltaic (PV) and wind power capacity expected to surpass 1,200 GW target next year in China
GlobalData’s latest report, “China Power Market Size, Trends, Regulations, Competitive Landscape and Forecast, 2024-2035” reveals that solar PV power is expected to maintain its status as the dominant source of renewable power until 2035. Financial incentives and policy support are among the primary drivers that facilitate the achievement of targets ahead of schedule. China to … Continue reading Solar photovoltaic (PV) and wind power capacity expected to surpass 1,200 GW target next year in China
Continue readingNordex exceeds 5 GW threshold for wind energy installations in the Nordic countries
With the installation of an N163/5.X turbine at the Kalistanneva wind farm in Finland, the Nordex Group has surpassed the threshold of 5 GW of installed capacity in the Nordic region. A total of 1,234 “Made by Nordex” wind turbines are currently in operation in Denmark, Finland, Sweden and Norway and produce clean electricity for … Continue reading Nordex exceeds 5 GW threshold for wind energy installations in the Nordic countries
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