Wind And Solar Articles & Analysis
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2023: Record-Breaking Increase in Renewable Electricity
In 2023, renewable energy sources accounted for 45.3% of gross electricity consumption in the EU, a significant 4.1 percentage points (pp) increase from 2022. This marks the largest annual increase in the share of renewable energy in gross electricity consumption since the time series began in 2004. In addition, the annual increases in 2022 (3.5 pp) and 2020 (3.3 pp) were the second and third ...
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Rising Component Prices, Supply Chain Pressures Hindering the Development of Transmission Grid
Efforts to expand and modernise electricity transmission grids around the world face mounting challenges as supply chain bottlenecks intensify, according to a new IEA report. Prices and procurement times for essential components like power transformers and cables have almost doubled in four years, creating significant hurdles for grid developers.The report, Building the Future Transmission Grid: ...
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ABB and Sage Geosystems Unearth Geothermal Energy Opportunities
ABB and Sage Geosystems (Sage), a leading geothermal baseload and energy storage company, have signed a Memorandum of Understanding (MoU) agreement to collaborate on developing energy storage and geothermal power generation facilities that utilize natural heat from the earth’s core to produce clean electricity. The collaboration will allow ABB to support Sage’s agreement with Meta, ...
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In 2024, Iberdrola increases global renewable energy production by 5% year over year.
According to its provisional energy report, Spanish utility Iberdrola SA (BME:IBE) generated 83,294 GWh of electricity from its renewable energy projects worldwide in 2024, a 5% increase from the previous year. According to the data, renewable energy production fell 2.1% to 19,993 GWh in the fourth quarter. In comparison to the same period last year, the output varied across Iberdrola's markets ...
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The Transition to Clean Hydrogen in France: How Clarke Energy Can Help
The French government has launched its first call for tenders for renewable or low-carbon hydrogen under the Contracts for Difference (CfD) scheme, marking a crucial milestone in the country’s journey towards industrial decarbonisation. Set to close in March 2025, the initiative targets electrolytic hydrogen projects ranging from 5MW to 100MW, with financial support awarded in proportion ...
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Constellation to Acquire Calpine; Creates America’s Leading Producer of Clean and Reliable Energy
Constellation and Calpine Corp. this week announced they have entered into a definitive agreement under which Constellation will acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion, composed of 50 million shares of Constellation stock and $4.5 billion in cash plus the assumption of approximately $12.7 billion of Calpine net debt. After ...
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NERC 2024 Reliability Report: Renewables and Storage are Key to Resilience
The newly released North American Electric Reliability Corporation’s (NERC) 2024 Long-Term Reliability Assessment Report highlights growing concerns about the strength and resilience of the U.S. electricity grid.According to the report, rising demand for electricity, increases in extreme weather events, and delays in connecting new resources to the grid threaten stability across the U.S.“In ...
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EBRD to finance solar-thermal power plant in Serbia
The European Bank for Reconstruction and Development (EBRD) is investing up to €105 million ($109.5 million) in a large-scale solar-thermal plant in Novi Sad, Serbia. The project is expected to reduce the district heating agency’s natural gas consumption by around ...
By pv magazine
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Technology breakthroughs Are Unlocking Geothermal Energy’s Vast Potential in Countries Worldwide
With global electricity demand set to grow strongly, new technologies are opening up the massive potential of geothermal energy to provide around-the-clock clean power in almost all countries around the world, according to a new IEA report.The report, The Future of Geothermal Energy, finds that geothermal energy could meet 15% of global electricity demand growth between now and 2050 if project ...
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Even with Months-Long “Energy Droughts,” the Power Grid Remains Resilient
On a power grid partly supported by wind turbines, solar panels and hydropower turbines, weather and climate patterns can significantly affect how much power is produced. And as more wind and solar are added to the grid, utilities will need to understand how seasonal patterns in climate and weather might cause swings in energy generation. In new research, a team from the Department of ...
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Sembcorp Secures 300-MW Hybrid Wind and Solar Project in India
Singapore’s Sembcorp Industries Ltd (SGX:U96) has secured a 300-MW wind and solar hybrid power project in India, the energy group announced on Tuesday. Sembcorp Secures 300-MW Wind and Solar Hybrid Project in India Indian state-owned utility NTPC Ltd (BOM:532555) issued a Letter of Award to Sembcorp's wholly-owned renewables subsidiary, Sembcorp Green Infra Private Limited, for the ...
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Eurowind Energy Unveils Strategy for Nearly 1 GW of Renewable Power
Danish renewables developer Eurowind Energy A/S plans to add nearly 1 GW of power generation capacity over the next two years, aiming to strengthen its presence in the European market. Announced on Tuesday, the plan involves constructing up to 50 new power plants in key markets such as Germany, Romania, and Poland, with additional projects slated for Southern Europe. Currently engaged in ...
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DOE Seeks Experts to Support New State-Based Siting, Planning, and Permitting Initiatives
Large-scale renewable energy and battery energy storage projects have a pivotal role as the United States moves to a clean energy system. Where and how these facilities are sited is a complex process that involves many considerations and parties.To further support state and local governments and Tribal nations with this process, the U.S. Department of Energy is seeking applications from ...
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Hydropower Digital Twins Solution Helps with Operator Challenges
No two hydropower facilities are the same. They all work similarly by harnessing the power of rushing water to spin turbines and generators, which in turn creates electricity. But their differences—in size, age or mechanical parts—means there’s no one answer that can solve every problem that arises. “Hydropower facilities are like snowflakes; even individual turbines ...
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ENGIE and Meta Announce 260 MW Renewable Energy Agreement
ENGIE North America (ENGIE) and Meta announced they recently completed an Environmental Attributes Purchase Agreement (EAPA) for ENGIE to supply 260 MW of renewable energy and associated environmental attributes from its Sypert Branch solar project in Milam County Texas to support Meta’s growing power needs in line with its net zero goals. Meta will purchase 100% of the 260 MW ...
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Report: Thermal Energy Storage Projected Solid Growth Through 2032
A new report from Global Market Insights focused on the thermal energy storage (TES) market finds that the segment was valued at USD 47.5 billion in 2023 and is estimated to grow at a CAGR of 6.7% from 2024 to2032. The main driver for this is the growing adoption of renewable energy sources, such as solar and wind. Thermal energy storage systems help mitigate the intermittent nature of these ...
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BluWave-ai Completes Canada’s First AI-Driven, Multiple EV OEM Demand Response Events
BluWave-ai announced this week the company completed Canada’s first AI-Driven demand response events using a managed pool of connected electric vehicles charging in the utility grid during Q3 2024. This milestone was achieved using BluWave-ai EV Everywhere™ deployed at Hydro Ottawa, first announced in April 2022.Subscribed EV owners in the City of Ottawa actively participated in multiple weekly ...
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NRG, Google Cloud and Renew Home to Create a 1 GW Virtual Power Plant in Texas
NRG Energy Inc. this week announced it is partnering with Renew Home, a leading virtual power plant (VPP) company to boost its residential VPP capabilities. Together, NRG and Renew Home aim to distribute hundreds of thousands of VPP-enabled smart thermostats by 2035 and create a nearly 1 GW AI-powered VPP - enabled by Google Cloud technology - to improve the Texas grid's resiliency and help ...
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USDA New ERA Award to Finance $2.5 Billion in Tri-State Clean Energy Investments
Tri-State’s members and rural communities across Colorado, Nebraska, New Mexico and Wyoming will benefit from a reliable, affordable and responsible energy transition supported with $2.5 billion in low-cost financing and grants through the U.S. Department of Agriculture’s Empowering Rural America (New ERA) Program. In an announcement at Tri-State’s headquarters in Westminster, ...
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Crucial Guidance for Sustainable Renewable Energy Transition Launched by the International Association for Impact Assessment
The International Association for Impact Assessment (IAIA) today announced the release of a groundbreaking guidance document aimed at ensuring the global transition to renewable energy is both rapid and sustainable. Titled "Improving Decision-Making for the Energy Transition: Guidance for Using Strategic Environmental Assessment," this comprehensive resource provides governments and ...
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